Author: franperez66q@protonmail.com
Airbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness spurred by the war in Iran. Here’s how the company did versus the LSEG estimates:Earnings per share: 26 cents vs. 29 cents expectedRevenue: $2.68 billion vs. $2.62 billion expectedRevenue grew 18% during the quarter from $2.27 billion last year. Net income increased to $160 million, or 26 cents per share, from $154 million, or 24 cents per share, last year.For the current quarter, Airbnb issued an upbeat forecast, calling for revenue between $3.54 billion and $3.60 billion. Analysts expected $3.46 billion in revenue. The company…
Leeds City Council saw devastating Labour losses and gains from Reform and Green. Source link
Volatility hasn’t dampened demand for municipal bonds. The assets performed dismally in March but rebounded in April. In fact, the ICE BofA US Municipals Securities Index posted its first positive April since 2021 and the strongest one since 2014. Munis are free of federal tax and, if the holder lives in the state in which the bond is issued, also exempt from state tax. Maybe as a result, investors have piled into muni bond funds at the fastest rate since 2021. Municipal mutual and exchange-traded funds saw net inflows of about $22.3 billion in the first four months of the…
Nike sued by consumers for not refunding tariff costs Source link
Like any other manufactured chip, the wiring that connects the quantum dots is locked into place during the chip’s manufacture. Since different error correction schemes require different connections among the qubits, this forces us to commit to specific error-correction schemes during manufacturing. If a better scheme is developed after a chip is made, it’s probably not possible to switch to it. Less complex algorithms may benefit from simpler error-correction schemes that require less overhead, but we wouldn’t be able to switch schemes with these chips. So, quantum dots appear to typify the trade-offs that we’re facing with quantum computing: it’s…
Robert Jenrick and Victoria Atkins, both former Tory ministers, were reunited in an awkward moment during the BBC’s election coverage.”Rob has not spoken to me since he left the Conservative Party – in the way that he did. And I considered us to be very good friends,” she said.Jenrick served as immigration minister under the previous Tory government and was in the shadow cabinet before defecting to Reform in January.Atkins was health secretary in the same government, and is now a member of the shadow cabinet. Source link
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are rallying to another new record high on Friday, capping off a week in which the S & P 500 gained more than 2%. Once again, AI-related technology stocks are dominating the conversation. In a session when the Dow Jones Industrial Average was lower, tech surged more than 2.2% thanks to another round of big gains in semiconductors, especially those tied to memory chips. Intel was one of the biggest…
US concerned by Taiwan defence delay ’concession’ to China Source link
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here.Earlier this year, agentic AI tool OpenClaw went viral and everyone and their grandmas were queuing up to get the digital assistant downloaded on their devices. Nvidia’s Jensen Huang was effusive with praise, calling the tool the “next ChatGPT,” and OpenAI snapped up OpenClaw’s creator Peter Steinberger (a sign of the AI lab’s own intent in the space).A few months on and the race to develop agentic tech — AI tools which can perform tasks for users — is beginning to heat up among Big…
The Tories had a grim night at the polls, losing seats to both Reform and the Liberal Democrats. Source link