Christie’s is all in on holograms ahead of Art & Tech Summit
Apple co-founder Steve Wozniak, “Shark Tank” investor Kevin O’Leary and venture capitalist Vinod Khosla will convene in New York City this week for a technology-focused summit hosted not by an Internet giant but by Christie’s, the 258-year-old auction house. Bonnie Brennan, Christie’s president of the Americas, told the Post that having some of the biggest […]
How Elon Musk fired back after Gavin Newsom said tech giant ‘bent the knee’ to Trump
The spat between billionaire Elon Musk and California Governor Gavin Newsom intensified after Musk said his companies SpaceX and X would pull out of the state following the state’s passage of a controversial student gender identity law. Musk described the law, which bars school districts from requiring teachers to notify parents of changes in a […]
Apple, Nvidia Lead Tech Stock Slump As Lower Rates And Trump’s China Stance Come Into Focus – Forbes
Top Line Big technology stocks fell sharply on Wednesday as part of a broader selling pressure, highlighting a shift in market regimes over the past week as expectations of lower interest rates rise and investors view a Trump presidency as increasingly likely. On Wednesday, both NVIDIA and Meta shares entered correction territory. Getty Images Key […]
Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech) – CNBC
Since the Club’s last monthly meeting in June, stocks have been performing well again. Stocks have been trading at new highs in the past few weeks as the Fed is likely to cut interest rates soon, following recent strong inflation readings. Traders now see a 100% chance of an interest rate cut by September, according […]
Energy-guzzling AI derails tech firms' climate goals
As big tech companies race to reap the benefits of the artificial intelligence (AI) boom, the energy-hungry technology is hindering companies’ efforts to curb emissions and become carbon neutral or carbon negative. Google revealed that its greenhouse gas emissions will increase by 13% in 2023 and 48% since 2019, clashing with its goal of reaching […]
Tech titans at Sun Valley ditch deals to discuss Biden’s cognitive decline, predict Trump victory
The elite tech conference in Sun Valley, Idaho, was overshadowed by panic over Joe Biden’s declining cognitive abilities and anger at his backbencher, Jeffrey Katzenberg. Katzenberg, a super-producer and media mogul who also serves as co-chair of the Biden campaign, was handling “damage control” at the special meeting, which is known for bringing media elites […]
Silicon Valley cheers JD Vance, more tech billionaires back Trump
Donald Trump’s choice of Sen. J.D. Vance as his running mate for 2024 is being seen as a potential windfall for Silicon Valley, with major tech venture capital firms voicing their support. The Ohio Republican is best known as the author of the blockbuster memoir “Hillbilly Elegy,” which detailed the plight and concerns of Rust […]
Trump VP pick J.D. Vance supports Big Tech antitrust crackdown
Former President Donald Trump’s vice presidential nominee, J.D. Vance, has openly praised the work of Federal Trade Commission Chairwoman Lina Khan, suggesting that the commission’s broad approach to antitrust enforcement may find some level of support from a second Trump administration. Vance, a Republican senator from Ohio, joined the presidential candidates at the Republican National […]
The Stock Market’s Other 493 Stocks Are Ready to Leave Big Tech Behind – Barron's
With the S&P 500 on track to reach record highs even though very few of the companies in the index are reporting steady profit growth, its reliance on a few star stocks may finally be changing. “Given the high correlation between tech outperformance and earnings, we expect a narrowing growth gap will act as a […]
San Francisco area piles on hundreds more to 45,000 Big Tech jobs lost in two years
Big Tech has announced plans to cut hundreds of more jobs in a California region that has lost 45,000 jobs in the industry since 2022. According to a filing Intuit sent to the state Employment Development Department, the firm will chop 384 workers at its headquarters in Mountain View, California. The announcement comes as the […]