Author: IA PressRoom

Floor & Decor unit acquires flooring and installation supplies distributor

Altman said there’s too much short-term investor frenzy, and not enough long-term vision. “There’s crazy stuff happening in Silicon Valley right now,” the OpenAI CEO said.  Altman made the comments at a recent event in India, as part of his AI speaking world tour. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app OpenAI CEO Sam Altman thinks there’s too much investor hype around artificial intelligence in Silicon Valley right now. Altman has been on a world tour of late to meet with policymakers, developers and…

© Reuters. Investing.com – GameStop on Wednesday terminated Matt Furlong as chief executive and appointed Ryan Cohen as executive chairman as the video game retailer reported fiscal first-quarter results that fell short of Wall Street estimates. GameStop Corp (NYSE:) fell 17% in after-market trading following the report. The company a Q1 loss of $0.14 on revenue of $1.24 billion, compared with estimates for a loss of $0.12 a share on revenue of $1.36B.  Selling, general and administrative expenses were $345.7M, or 27.9% of net sales for the period, compared to $452.2M, or 32.8% of net sales, in the same period last year. GameStop, one of…

© Reuters. Investing.com – Crude prices rose about 1% Wednesday after mixed data on U.S. fuels helped oil longs recoup losses from a day ago and reset trajectory in a market showing little regard thus far for deep production cuts announced by Saudi Arabia. New York-traded West Texas Intermediate, or , crude settled up 79 cents, or 1.1%, at $72.53 per barrel, offsetting Tuesday’s decline of 0.6%.  London-traded crude officially finished the day at $76.95, up 66 cents or 0.9%.  WTI and Brent rallied as much as 2% earlier in the session, with some traders attributing the run-up to belated…

Wanted: Motivated and versatile chief executive, preferably with engineering, architectural, academic and diplomatic skills, to manage 2,400 employees overseeing a 570-acre complex in the middle of Washington — including the U.S. Capitol, Supreme Court, Library of Congress, parks, restaurants and a major power plant. The position reports to the president, but Congress is trying to wrest control.Political dexterity is essential.A nationwide hunt is underway for a new architect of the Capitol, the federal official in charge of the operations and maintenance of the Capitol complex — the heart of American democracy and in more recent years, dysfunction. A special congressional…

“The Magnificent Seven are the real deal,” Cramer told Mad Money viewers on Thursday. “Seven brilliantly run companies, with amazing sales and earnings. Great balance sheets. So what if they lead the way? I mean, a win’s a win.” Cramer is so bullish on these stocks that Matt Tuttle, who runs a mutual fund that bets on Cramer’s picks, tells me that after Thursday’s program he decided to move 50% of the fund’s entire holdings into those seven stocks. And meanwhile Tuttle is moving 50% of another fund, which bets against Cramer’s picks, into “short” positions on the same seven stocks, meaning he is betting that they will…

(Photo by Justin Sullivan/Getty Images)Getty Images I follow these homebuilders every day: DR Horton (DHI), KB Home KBH , Lennar LEN , PulteGroup PHM and Toll Brothers TOL . Each of these stocks set new 2023 highs on Wednesday, June 7. Each stock had golden cross buy signals on their daily charts between November 28, 2022, and January 6, 2023. They also tested their 200-week simple moving average, or ‘reversion to the mean’ as a buy signal between October 2022 and January 2023. By definition, a golden cross on a daily chart occurs when the 50-day simple moving average moves…

. In this article I use AAII’s A+ Investor Stock Grades to provide insight into three airlines stocks. With continuing recovery from the coronavirus pandemic increasing consumer demand and the summer travel season starting, should you consider these three airline stocks of American Airlines Group AAL , Southwest Airlines LUV and United Airlines Holdings UAL ? Airline Stocks Recent News Airline companies have undoubtedly seen a tumultuous few years. The industry was negatively affected by the coronavirus pandemic, decreasing demand and need for flights. The Russia-Ukraine conflict has posed questions about the future of the industry and created headwinds along…

Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio. The company, founded in 1924, is owned by Canada’s wealthy Irving family. Their Irving Group of Companies conglomerate, which includes a forestry business, a shipbuilding unit and logistics operations, is an industrial powerhouse in the province of New Brunswick. Irving Oil’s refinery processes 320,000 barrels of oil a day in Saint John, New Brunswick. It also operates more than 900 petrol stations in eastern Canada and New England…

2/2 © Reuters. FILE PHOTO: Actress Marg Helgenberger (L), star of the CBS TV network series “CSI: Crime Scene Investigation” and a member of the Screen Actors Guild, walks a picket line along with members of the Writers Guild of America at one of the gates to Universal 2/2 LOS ANGELES (Reuters) – The SAG-AFTRA actors union and the group representing major Hollywood studios agreed not to talk to the media during contract talks that started on Wednesday. The actors’ union is seeking pay increases and protections around the use of artificial intelligence in negotiations with the Alliance of Motion…