Author: starbpo

Thursday, News Corp. shares went up after the media giant signed a content deal with OpenAI, a leader in artificial intelligence. Because of the deal with OpenAI, the ChatGPT provider can access both new and old content from The Wall Street Journal, The New York Post, and The Times. The pact also includes MarketWatch news and information. MarketWatch is the source of this report. Some anonymous sources told the Wall Street Journal that the deal could be worth $250 million in cash and credits for using OpenAI technology. The exact amounts were not made public. Reddit and other social media…

As new cases of bird flu were reported in the U.S. and Australia on Wednesday, stocks related to vaccines went up sharply. Shares of CureVac N.V. (CVAC, 2.30%) went up 18.8% on Wednesday. Moderna Inc. (MRNA, 0.11%) stock went up 13.7%, and BioNTech SE’s ADRs (BNTX, -2.27%) went up 11.1%. The Centers for Disease Control and Prevention (CDC) said Wednesday that a dairy farm worker in Michigan has been diagnosed with bird flu. This is the second case of bird flu in a person in the United States this year. The CDC said that, like the earlier case in Texas,…

The Consumer Financial Protection Bureau said Wednesday that people who take out buy-now-pay-later loans will soon have better rights when they want to get their money back. The federal agency that protects consumers is treating buy-now-pay-later lenders the same way it treats credit card companies. This means that, like credit card companies, these lenders need to look into disputed purchases and refund money for returned goods and canceled services. CFP Director Rohit Chopra said that the announcement “means that consumers should get disclosures that lay out fees, pricing structures, and rights and protections for things like disputing bills and getting…

With a new program from United Wholesale Mortgage, one of the biggest mortgage lenders in the U.S., people can buy homes without putting any money down. As stated in a press release, the new program will be open to first-time home buyers and people whose income is at or below 80% of the median income in their area. For buyers who qualify, UWM UWMC, -0.14% will offer a second-lien loan of up to $15,000 to help with the down payment of up to 3% of the home’s price. There will be no monthly payments or interest on the loan. UWM…

Washington, D.C. During the attack on the U.S. Capitol on January 6, 2021, rioters carried a second flag of the same type. The New York Times reported Wednesday that this flag was seen outside the home of Supreme Court Justice Samuel Alito. Last summer, a “Appeal to Heaven” flag was flown outside Alito’s beach house. A symbol of the protesters, an upside-down American flag, was seen at Alito’s home outside of Washington, D.C., less than two weeks after the violent attack on the Capitol. When people heard about the American flag that was turned upside down last week, it caused…

Because of its great first-quarter results, Nvidia is now worth more than all of Germany’s publicly traded companies put together. FactSet says that as of Wednesday, companies with main listings in Germany are worth a total of €2.315 trillion, or $2.51 trillion. Nvidia’s stock price, NVDA, rose 8.37% in early trading, putting its value at $2.6 trillion. FactSet says that German companies, ranging from A.S. Creation Tapeten ACWN to Zooplus ZO1 and including BMW BMW, -0.17%, SAP SAP, 0.79%, and Volkswagen VOW3, -0.13%, made €121.56 billion on sales of €2.96 trillion last year. Along with its better-than-expected fiscal first quarter,…

Alibaba Group Holding Ltd. BABA, -0.56% shares in the U.S. went up 0.1% in morning trading on Friday after the Chinese e-commerce giant said it would sell $4.5 billion in convertible debt to help pay for taking back shares. This week, the stock was still down 6.5%, which would be the worst week for the stock in nine months. The company said that the money it got from selling convertible notes due 2031 would be used to buy back its American depositary shares and pay for other buybacks of shares. Qualified institutional investors will be able to buy the notes,…

On Wednesday, Norway, Ireland, and Spain said they would recognize a Palestinian state. This was a historic move that made Israel angry and made the Palestinians happy. Israel sent its ambassadors from Norway and Ireland back right away. The official award will be given on May 28. This is a step toward a long-held goal for the Palestinians. It happened while the world was outraged over the number of civilian deaths and the humanitarian crisis in the Gaza Strip after Israel’s offensive there. A flood of announcements came at once. Japan was the first country to say something. Their prime…

The Biden administration said Wednesday that $7.7 billion in student loans will be forgiven for more than 160,000 people. There are three types of borrowers who can get the help that was announced on Wednesday: public servants who have been paying on their loans for at least 10 years, borrowers who have been paying on their debt for more than 20 years, and borrowers who are in SAVE, the Biden administration’s repayment plan, and had relatively low initial balances. President Joe Biden said in a statement that the relief was a promise from the start of his administration to fight…

In one trading incident, Citigroup carried out $1.4 billion worth of sell orders when they only wanted to sell $58 million worth of shares. This is why British regulators fined the bank on Tuesday for not following trading controls. Citi C, -0.72% was fined £61.6 million ($78.4 million) by the Bank of England and the Financial Conduct Authority between 2018 and 2022 for problems with its trading systems and controls. The worst thing that happened was on May 2, 2022, which was a holiday in the UK. In its Delta 1 business, which works with institutional investors, corporations, and hedge…