Tech Earnings Are Back. Watch AI, These 8 Stocks.

So far, AI hype has focused on chips and infrastructure.This quarter, the focus shifts to software companies. 


 
Paramount plans to trim size of its board amid merger talks

Paramount Global on Thursday said it plans to trim the size of its 11-member board of directors to seven, as it continues exclusive merger talks with Skydance Media. 


 
Thyssenkrupp Steel to Cut Output, Jobs

Thyssenkrupp Steel plans to reduce its production capacity to between 9 million and 9.5 million metric tons a year, broadly in line with its shipments over the past three years and cut jobs, in response to challenging market conditions, with weak demand, high energy costs and rising competition from Asia hurting its business. 


 
Rivian Stock Closed at a Record Low. Blame Ford.

Ford looks to be cutting prices of its all-electric pickup truck. That would put pressure on other manufacturers. 


 
Amazon's stock finally clinches a fresh record close

The company is edging closer to a $2 trillion market value. 


 
Boeing Reveals Executives Got an Extra $500,000 in Private-Jet Perks

A Boeing review found that Chief Executive David Calhoun and other top executives took personal trips worth more than $500,000 on the company's private jets and other planes that were improperly recorded as business travel. 


 
Morgan Stanley's Wealth Arm Probed by Multiple Federal Regulators

Treasury Department offices and others are looking into how Morgan Stanley vets clients at risk of laundering money through the bank's wealth-management division. Shares fell more than 5%. 


 
Micron says Taiwan earthquake will have mid-single digit percentage impact on quarterly DRAM supply

The earthquake that hit Taiwan earlier this month has not caused any permanent damage to Micron's facilities, infrastructure or tools. 


 
CarMax Gets Slammed by High Rates, Tight Used-Car Supply

Used cars are getting harder to obtain just as new cars get more affordable. 


 
Amazon CEO Touts AI Revolution While Committing to Cost Cuts

In his letter to shareholders, Andy Jassy says generative AI could usher in the largest tech transformation since the Internet.


(END) Dow Jones Newswires

04-12-24 0515ET