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Lanon Wee
Aug 26, 20232 min read
Wells Fargo Refunds Clients $40 Million for Overcharged Investment Advice Fees
The SEC announced Friday that Wells Fargo returned $40 million to nearly 11,000 customers who were charged excessive amounts for...
Lanon Wee
Aug 26, 20234 min read
Fed Chair Powell Warns of Higher Rates to Combat High Inflation
The central bank leader asserted that, although advancements have been made, inflation is still higher than the level which monetary...
Lanon Wee
Aug 26, 20231 min read
Top Pre-Market Stock Movers: Marvell Technology, Affirm, Hawaiian Electric and Others
Before the bell, some of the companies in the news included Marvell Technology, Affirm, Hawaiian Electric, Nordstrom, Workday, Intuit,...
Lanon Wee
Aug 25, 20233 min read
Meituan's Stock Price Drops Over 5% Due to Diminished Q3 Outlook
Shares of Meituan, the Chinese food delivery giant, dropped 5% on Friday following a warning from CEO Wang Xing of a downtick in volume...
Lanon Wee
Aug 25, 20234 min read
Nvidia's 'Next Billion-Dollar Business' Impacted by China's Electric Vehicle Slowdown
China remains the world's leading car market, and in recent years has become a major contributor to the growth of electric vehicles on...
Lanon Wee
Aug 25, 20233 min read
Implementation of EU Safety Regulations Impacts TikTok, Instagram, and Others
Major technology firms and internet search engines have to adhere to new regulations put forward by the EU in order to safeguard their...
Lanon Wee
Aug 25, 20234 min read
Powell's Friday Speech Could Signal A Change From Previous Actions
It is expected that Federal Reserve Chair, Jerome Powell, when he speaks in Jackson Hole, Wyoming on Friday, will be very careful with...
Lanon Wee
Aug 25, 20232 min read
Tesla Yet to Release Final Cost and Details of Cybertruck, Musk Alerts to Production Issues
Elon Musk has been touting Tesla's much-anticipated Cybertruck, a futuristic pickup, despite the automaker's silence on pricing and...
Lanon Wee
Aug 25, 20231 min read
Apple Supports California Right-to-Repair Legislation in Major Change of Course
Apple has shifted its outlook on right-to-repair legislation, as evidenced by a letter seen by CNBC. The tech giant, which has...
Lanon Wee
Aug 25, 20232 min read
A Majority of Investors are Open to Having an AI Financial Adviser
Generative AI is technology that employs algorithms to generate new content. Examples of this can vary from monetary guidance to written...
Lanon Wee
Aug 25, 20232 min read
August Brings Unfavorable Financial Performance on Wall Street
The S&P 500 has dropped by more than 3% this month, potentially ending a five-month upward trend. The index is set to record its weakest...
Lanon Wee
Aug 25, 20232 min read
Tech Giants Invest in AI Startup Hugging Face, Raising Valuation to $4.5 Billion
A cohort of Big Tech firms has recently invested a total of $235 million in AI startup Hugging Face, a business that issues tools for AI...
Lanon Wee
Aug 25, 20232 min read
CNN News Joining Warner Bros. Discovery's Max Streaming Service
Warner Bros. Discovery announced that CNN Max, an all-day live news segment, will be added to their streaming service Max, launching on...
Lanon Wee
Aug 25, 20233 min read
UK to Organize Global AI Safety Summit at Historical Site of WWII Codebreaking
The British government declared on Thursday that the U.K.'s summit for AI safety, with the aim to stimulate conscientious growth of AI,...
Lanon Wee
Aug 25, 20232 min read
Biggest Market Changes Midday: Nvidia, Boeing, Splunk, Dollar Tree and More.
At midday, several companies made headlines. NVidia's stock rose more than 1% to an all-time high after reporting a gain on both the top...
Lanon Wee
Aug 25, 20232 min read
Pre-market Stocks Creating the Greatest Impacts: Nvidia, Boeing, Splunk and Others
Examine the companies generating buzz in premarket trading. Nvidia saw its stock rise 7% when it announced remarkable figures that...
Lanon Wee
Aug 24, 20233 min read
Bletchley Park to be Venue for AI Safety Discussions in November
The UK has set the day for its long-awaited summit dealing with the safe application of artificial intelligence (AI). Global leaders are...
Lanon Wee
Aug 24, 20236 min read
Ugandan Earns Bonus for Recruiting Participants for Sam Altman's Eyeball-Scanning Crypto Project
CNBC interviewed people in Uganda and Kenya regarding their dealings with Sam Altman's Worldcoin.Kenyan government authorities have...
Lanon Wee
Aug 24, 20232 min read
Nvidia Issues Alert Over Potential Chip Restrictions Resulting in Weaker U.S. Tech Presence in China
Nvidia cautioned of a "long-term detriment" should extra American export controls on its semiconductors to China be implemented. Prior...
Lanon Wee
Aug 24, 20233 min read
Naver from South Korea Unveils Generative AI Services to Compete with ChatGPT
On Thursday, Naver announced HyperClova X, its own generative AI services based on a large language model. The CEO of the South Korean...
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