OpenAI plans to announce a new search engine
Key points: OpenAI could introduce an AI-powered search engine. It could become a direct competitor to Google Search. Google has annou…
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Warner Bros reports quarterly loss
Key points: Warner Bros. Discovery posted a better-than-expected quarterly loss. Advertising revenue for the company’s networks …
Dow Jones closed higher for 7th day in a row
Key points: All three major US stock market indices closed in the green. The growth was driven by encouraging data on weekly jobless c…
Will corn prices go down: forecasts
Key points: Futures for December 2024 are now being compared to 2014, which had one of the sharpest declines in history. The average p…
Uber shares fell 9% after earnings
Key points: Taxi and delivery service Uber reported a net loss of $654 million. However, revenue rose 15% to $10.13 billion (slightly …
Oil falls amid rising US inventories
Key points: Brent oil futures fell 0.69%, WTI futures fell 0.68%. US crude oil inventories rose by 509,000 barrels. Analysts believe O…
Walt Disney shares fell 9.5%
Key points: The S&P 500 and Dow Jones rose, the Nasdaq fell. Disney fell 9.5% as its traditional television business and box offic…
Apple announces $110 billion share buyback
Key points: Apple exceeded modest investor expectations by announcing a record $110 billion share buyback program. The company raised …