Author: theparknews

OpenAI and its biggest backer, Microsoft (MSFT), are debating how to divide the artificial intelligence startup’s spoils when OpenAI becomes a commercial company, but the equity in these assets remains uncertain. It will be a difficult task to agree on a fair market value. Legal experts say it all depends on who does the math. “The problem is there are probably six to 10 ways to value a company,” said Angela Lee, a professor at Columbia Business School. “And depending on who you ask, my guess is that it could be off by a factor of three to five, depending…

Boeing (BA)’s legal crisis seemed all but over, but it’s now in jeopardy as the company’s financial crisis deepens, adding further uncertainty to the aircraft maker’s restructuring efforts. There is.A federal judge in Texas is considering whether to approve a plea deal Boeing reached with the Justice Department in July. In the plea agreement, the company agreed to plead guilty to misleading FAA regulators ahead of two fatal 737 MAX crashes late last year.Lawyers for Boeing and the Justice Department urged U.S. District Judge Reed O’Connor last Friday to sign the agreement, but families of the crash victims objected.The families…

They are the smartest guys in the room and can make billions of dollars with arcane trades that no one else will notice. So why are some of the top minds in business and investing so ignorant about politics?Billionaire investor Bill Ackman is currently inviting reviewers to critique the rationale for his 2024 voting plan. Ackman joins Elon Musk, Peter Thiel, Marc Andreessen and many other 1 percenters in publicly supporting Republican candidate Donald Trump in this year’s election.There’s nothing wrong with that! However, while conveniently ignoring multiple analyzes predicting higher inflation, wider budget deficits, and lower GDP growth under…

Stocks trade at record highs for another week as investors begin to digest quarterly earnings releases and debate intensifies over what the Federal Reserve will do at its November meeting. Finished.The Nasdaq (^IXIC), S&P 500 (^GSPC), and Dow Jones Industrial Average (^DJI) are all up more than 1% this week, with both the Dow and S&P 500 closing at all-time highs on Friday. .The monthly report on retail sales will dominate the economic calendar over the coming week as investors assess whether the economy is reaccelerating after a surprisingly strong September jobs report. In corporate news, results from Bank of…

When Amazon (AMZN) announced an expansion that included building a new headquarters in Nashville, the move marked the single largest job security by a company in Tennessee’s history.The data shows that the rise of tech giants has also changed the economy.”Like all economists, I was skeptical before seeing the results,” said Vikram Pathania, one of Amazon’s chief economists. “We see employment growth, income growth, and a positive trend in these indicators.”Amazon’s investments contributed $4 billion to Tennessee’s gross domestic product in 2023 and supported 15,000 indirect jobs, according to data provided by the company. Additional findings show that when a…

Boeing shares (BA ) fell 2%.”Our business is in a difficult position, and the challenges we face together cannot be overstated,” CEO Kelly Ortberg said in a message to employees posted on Boeing’s website. ” he said. “Beyond navigating the current environment, rebuilding the company will require difficult decisions and structural changes that will enable us to remain competitive and serve our customers over the long term.”He added that the job cuts also include executives, managers and employees. Boeing had approximately 171,000 employees as of December 2023, according to SEC filings.”There are aircraft manufacturers that are in very deep trouble.…

WeightWatchers (WW) is trying to save struggling businesses by betting on a market that threatens their very existence.The weight-loss company, previously championed by Oprah Winfrey and others, sent its stock price soaring this week after announcing it would produce knock-offs of Novo Nordisk’s (NVO) weight-loss drugs Ozempic and Wegoby. On the news, WW International (aka Weight Watchers) shares soared nearly 40% on Wednesday and rose another 23% to close at $1.96 on Thursday. WW is up 172% from last week.WeightWatchers’ core business is diet programs, but the company is tapping into the fast-growing weight-loss drug market dominated by pharmaceutical giants…

A rough five days for markets, marked by rising tensions in the Middle East and the start and end of a port strike, capped off with a better-than-expected September jobs report, with stocks closing modestly higher this week.In the first week of October, the S&P 500 Index (^GSPC) rose 0.2%, while the Nasdaq Composite Index (^IXIC) and the Dow Jones Industrial Average (^DJI) rose about 0.1%.Over the coming week, updates on inflation and the start of third-quarter earnings reports will grab investors’ attention.October’s Consumer Price Index (CPI) report will headline the economic calendar, which will also feature updates on consumer…

OpenAI is considering moving from a nonprofit to a for-profit company, and its deep backer Microsoft (MSFT) stands to gain more if ChatGPT developers get permission to act more like a startup. You will get it.”Anything that frees up OpenAI to focus on profits is likely to benefit Microsoft’s investment in the company,” said Sarah Kreps, director of the Technology Policy Institute at Cornell University’s Brooks School of Public Policy. said.A restructured business structure would give Microsoft an opportunity to renegotiate its already generous profit caps and negate its interest in general artificial intelligence (GAI) developed by OpenAI, another person…

Two debates have taken place in recent weeks, and health care, which had previously been somewhat of a theme in the presidential campaign, has emerged as a top issue in the final campaign.It started when President Trump said last month that he had a “vision for a plan” to replace the Affordable Care Act (also known as Obamacare), and continued at Tuesday night’s vice presidential debate in New York.On stage this week, Republican Vice Presidential candidate J.D. Vance framed President Trump’s repeated repeal attempts as a victory for the American people, saying that we are back to the days when…