DIRS.INFO The most relevant business & tech news

☆ Meta shows aggressive spending on AI is already paying off in big earnings beat
▼ + stars: | 2024-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run. Both trends were cited as the main drivers behind Meta's revenue outperformance in the quarter. Zuckerberg added that AI is opening the door to new experiences and opportunities, especially with Meta AI, which is powered by the company's large language model that is often referred to as Llama. Zuckerberg said he believes Meta AI will be the most used AI assistant in the world by year end. Management now sees capex in the range of $37 billion to $40 billion, up from its prior range of $35 billion to $40 billion.

Persons: China's ByteDance, — Zuckerberg, Zuckerberg, we'll, Ray, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg Organizations: Revenue, LSEG, China's, Meta, Investment, Facebook, Realty Labs, VR, Management, CNBC, Press, AFP, Getty Locations: United States, U.S, Tokyo

☆ Mercury could have an 11-mile underground layer of diamonds, researchers say
▼ + stars: | 2024-07-31 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

This mechanism, the researchers say, can not only give us more insight into the secrets hidden below Mercury’s surface, but on planetary evolution and the internal structure of exoplanets with similar characteristics. Mercury owes its gray surface to the widespread presence of graphite, which is a form of carbon. Also known as the Mercury Surface, Space Environment, Geochemistry and Ranging mission, it gathered data about the planet’s geology, chemistry and magnetic field, before the spacecraft ran out of fuel and impacted the surface. “However, some lavas at the surface of Mercury have been formed by melting of the very deep mantle. “Only future missions to the planet Mercury will tell whether these predictions were correct.

Persons: ”, Bernard Charlier, it’s, Yanhao Lin, ” Charlier, Lin, Charlier, —, Giuseppe “ Bepi ”, Sean Solomon, Solomon, landers, ” Solomon, BepiColombo, Manley, Felipe González, González, ” González, “ Organizations: CNN, Mercury, University of Liège, NASA, Johns Hopkins University Applied Physics Laboratory, Carnegie Institution of Washington Mysterious, Center for, Science, Technology, Research, Nature Communications, MESSENGER, European Space Agency, Japan Aerospace Exploration Agency, Columbia University, ESA, University of California Locations: Mercury, Belgium, Beijing, Italian, Giuseppe “ Bepi ” Colombo, New York City, Berkeley

☆ Meta’s Reality Labs posts $4.5 billion loss in second quarter
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. As part of the company's second-quarter earnings report on Wednesday, Meta's Reality Labs unit, which houses augmented and virtual reality technologies, recorded an operating loss of $4.48 billion. In September, Meta debuted the Quest 3 VR headset, which has a starting price of $499. Zuckerberg has pointed to advances in artificial intelligence and related large language models as improving the capabilities of smart glasses. Meta's second generation of smart glasses went on sale in October with a starting price of $299.

Persons: Porte de Versailles, StreetAccount, Mark, Meta, Ray, Ban, Zuckerberg, Francesco Milleri Organizations: Viva Technology, Parc, Labs, Reality Labs, Apple, CNBC, Meta Locations: Paris, France, China

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm & more
▼ + stars: | 2024-07-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."

Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF

☆ Lady Gaga's fiancé is a tech CEO who went to Harvard with Mark Zuckerberg
▼ + stars: | 2024-07-29 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Polansky appears to have been involved in several of Parker's other ventures since 2010. Polansky and Parker's working relationship goes back many years. Theo Wargo/Getty Images for Global CitizenAccording to his LinkedIn page, he's the executive director of the Parker's charity, the Parker Foundation; he's a board member at the Parker Institute for Cancer Immunotherapy; he's managing partner at Parker Ventures; and he's CEO of the Parker Group, which serves as the umbrella organization for all of Parker's other endeavors. According to Pitchbook, Polansky is also cofounder of VC firm Hawktail; executive advisor at private equity firm Cove Hill Partners; senior advisor at boutique VC growth investor 7 Global Capital; and partner at investment firm Unless Management. Gaga also founded the nonprofit Born This Way Foundation, which focuses on mental health and youth empowerment, in 2012.

Persons: Polansky, Theo Wargo, Pitchbook, Gaga, Coco Chanel Organizations: Global Citizen, Parker Foundation, Parker Institute for Cancer, Parker Ventures, Parker Group, Partners, Global, Management, Haus Labs

☆ Verdict against Abbott Labs is outrageous, says Jim Cramer
▼ + stars: | 2024-07-29 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Verdict against Abbott Labs is outrageous, says Jim Cramer'Mad Money' host Jim Cramer shares his take on the Abbott Labs verdict.

Persons: Jim Cramer Organizations: Abbott Labs, Abbott

☆ Cramer’s Stop Trading: Abbott Labs
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: Abbott LabsCNBC’s Jim Cramer explains why he is keeping an eye on shares of Abbott Laboratories.

Persons: Jim Cramer Organizations: Abbott, Abbott Laboratories

☆ 3-Stock Lunch: Abbott Labs, On Semiconductor and P&G
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Abbott Labs, On Semiconductor and P&GWill McGough, Prime Capital Investment Advisors director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Will McGough Organizations: Abbott Labs, Semiconductor, Prime Capital Investment

☆ Jim Cramer's advice on Abbott Labs stock after a nearly $500 million baby formula verdict
▼ + stars: | 2024-07-29 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Monday these are "going to be impactful situations." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Thursday's, Jim, Abbott, Jim Cramer's Organizations: CNBC, Microsoft, Apple, Bloomberg, iPhone, Abbott Laboratories, Jim Cramer's Charitable

☆ Rapid renewable energy growth leads FBI to warn hackers will hit new, vulnerable power supply
▼ + stars: | 2024-07-29 | by ( Michelle Castillo | ) www.cnbc.com time to read: +6 min

Government incentives, including the Inflation Reduction Act, have encouraged individuals and private ownership groups to invest in clean energy systems. The renewable energy industry's rapid expansion in the U.S. in some cases is occurring without traditional utility protocols and regulations. The boom in renewable energy has also led manufacturers of products and services to ramp up their offerings. Inverters connected to the internet, in particular, could be controlled by hackers to reduce output or overheat home energy systems. Other major players in the U.S. utilities and renewable energy sector, including Next Era Energy, Constellation, Enphase Energy, First Solar and Sunrun, did not respond to requests for comment.

Persons: Jim Hempstead, SEIA, Bheshaj Krishnappa, Freddie Mac, Moody's, Jim Guinn Organizations: FBI, U.S . Energy Information Administration, Metropolitan Washington Council, Governments, Department of Defense, U.S ., Solar Energy Industries Association, Department of Energy Solar Energy Technologies Office, Constellation Energy, Corporation, cybersecurity, Cybersecurity, GE Vernova, Constellation, Enphase Energy Locations: U.S, California , Utah, Wyoming, United States, China, Russia, Iran, cyberattacks

☆ An ugly earnings report from a competitor is good news for Abbott Labs
▼ + stars: | 2024-07-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In the wreckage of Dexcom 's second-quarter earnings report, there's good news for Club holding Abbott Laboratories . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Stanley Black, Decker, Abbott, Dexcom, salesforce, Jim Cramer's, ABT, DOV, Jim Organizations: CNBC, Dow Jones, Nasdaq, Federal, U.S, Club, Abbott Laboratories, Dover, Mizuho Securities Locations: Dover

☆ Want to avoid giving your kid a smartphone? Mental health experts say you're not alone — and have 5 tips
▼ + stars: | 2024-07-26 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +6 min

Smartphone Free Childhood, a recently founded U.K. organization is aimed at uniting parents who are not giving their kids smartphones. Organize with other parentsBeing the only parent refusing to give your child a smartphone can be isolating for both you and your kid, Rausch said. "The class parents, as a collective, agreed that they would postpone giving their kids cell phones until they entered middle school. Start the conversation earlyPike and Rausch advise starting the conversation around smartphones from childhood so that your child isn't surprised later on. Pike said that even making a habit of giving a bored child a smartphone as entertainment can become a major issue down the line.

Persons: Kathleen Pike, Columbia's Pike, Zach Rausch, Jonathon Haidt's, Rausch, Johnny, Pike, we've, it's, isn't, Melanie Hempe, you've, They're Organizations: Columbia University Irving Medical Center, CNBC, New York University Stern School of Business, New York Times Locations: U.S

☆ NASA Perseverance rover’s rock find may show microbial life existed on Mars
▼ + stars: | 2024-07-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.

Persons: ”, David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, —, Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva

☆ OpenAI announces a search engine called SearchGPT; Alphabet shares dip
▼ + stars: | 2024-07-25 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share from Google in search by giving consumers new ways to seek information online. Alphabet shares were trading about 2.5% lower on Thursday, while the Nasdaq was up slightly. The SearchGPT announcement follows OpenAI's launch last Thursday of a new AI model, "GPT-4o mini." Last year, OpenAI Chief Operating Officer Brad Lightcap told CNBC: "The world is multimodal.

Persons: Sundar Pichai, OpenAI, Siri, Sarah Friar, Kevin Weil, Brad Lightcap Organizations: ChatGPT, Google, Nasdaq, Microsoft, Apple, Planet Labs, Twitter, Facebook, CNBC

☆ Nvidia, Amazon, Microsoft, and Paramount execs discuss the use of AI in Hollywood. Here are 9 startups they're watching.
▼ + stars: | 2024-07-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +9 min

Read previewStartups are rushing to create the best artificial intelligence video generation tools and convince Hollywood that AI won't decimate the creative industries. But, the most common early use of AI in entertainment is often more mundane than reverse-aging Harrison Ford to simulate a younger Indiana Jones. When top executives at the intersection of AI and entertainment met at the virtual Digital Hollywood summit on Monday, the use cases for AI in Hollywood were decidedly deeper in the details. These are some of the startups AI and entertainment leaders have their eyes on. Justin Sullivan/Getty ImagesLuma AI, another image generation AI startup Bakhtar named, has raised more than $68 million according to Bain, with recent backing from Andreessen Horowitz.

Persons: —, Harrison Ford, Indiana Jones, They're, Panah Bakhtiar, we're, Phil, Alejandro Matamala, Ortiz, Anastasis Germanidis, Cristóbal Valenzuela, Krikey, Bakhtar, Marc Andreessen, Justin Sullivan, Bain, Andreessen Horowitz, Amit Jain, xMentium, Eliot Sakhartov, Speechmatics Michael Kaplan, Oleg Elkov, Nvidia's Kaplan, Sakhartov, Jensen Huang, Reid Hoffman, Huang, Kaplan Organizations: Service, Hollywood, Business, Paramount, Companies, Microsoft, AWS, Nvidia, Runway, Google, Apple Vision Pro Locations: London, New York, Taiwan

☆ CrowdStrike update that caused global outage likely skipped checks, experts say
▼ + stars: | 2024-07-20 | by ( ) www.cnbc.com time to read: +3 min

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed. The latest version of its Falcon Sensor software was meant make CrowdStrike clients' systems more secure against hacking by updating the threats it defends against. Patrick Wardle, a security researcher who specializes in studying threats against operating systems, said his analysis identified the code responsible for the outage. It's unclear how that faulty code got into the update and why it wasn't detected before being released to customers. Other security companies have had similar episodes in the past.

Persons: Steve Cobb, Patrick Wardle, John Hammond Organizations: Dusseldorf Airport, Microsoft, Huntress Labs, Fortune, Infrastructure Security Agency Locations: Dusseldorf, Germany, U.S

☆ South African police discover multimillion-dollar meth lab on farm
▼ + stars: | 2024-07-20 | by ( Amarachi Orie | Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Police in South Africa arrested four people including two Mexican nationals after uncovering a multimillion-dollar drug manufacturing lab on a farm in the country’s north. After searching four structures on the property, police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth, with an estimated street value of 2 billion South African rand ($109.4 million). Police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth. South African Police ServiceThe four suspects detained on Friday include the farm owner and two Mexican nationals, the police service said, adding that the Hawks are not ruling out the possibility of further arrests. The suspects will appear at Groblersdal Magistrate’s court on Monday on charges of manufacturing, dealing and possessing illicit drugs, according to the police service.

Persons: SAPS, ” Katlego Organizations: CNN — Police, South African Police Service, Police, African Police Service, Hawks, Reuters, Global, Transnational, United Nations Office, Drugs Locations: South Africa, Groblersdal, ”

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ This is the right age to give your child a smartphone, according to an NYU mental health researcher
▼ + stars: | 2024-07-19 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Some 74% of girls who received their first smartphone at age six said they felt distressed or were struggling, the study found. This decreased to 52% for those who got their first smartphone at age 15. Meanwhile, 42% of boys who got their first smartphone at age 6 experienced feeling distressed or struggling, and this reduced to 36% for those who received a smartphone at age 18. "Social media, we suggest delaying until 16, so a little older." Some academics and scientists remain unconvinced of a causal link between smartphones and poor mental health, however.

Persons: Zach Rausch, Jonathon Haidt's, Rausch, Christopher Ferguson Organizations: Research, New York University Stern School of Business, New York Times, CNBC Locations: preteens, U.S

☆ Jim Cramer get s a pulse on Abbott Labs
▼ + stars: | 2024-07-18 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer get s a pulse on Abbott Labs'Mad Money' host Jim Cramer talks Abbott Labs and how investors should position it for their portfolios.

Persons: Jim Cramer, Abbott Organizations: Abbott Labs

☆ Abbott Labs CEO on Q2 earnings
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbbott Labs CEO on Q2 earningsAbbott Labs CEO Robert Ford joins 'Squawk on the Street' to discuss what's driving the company's double-digit gains in the quarter, his take on the 2024 election, and more.

Persons: Robert Ford Organizations: Abbott

☆ Watch CNBC's full interview with Abbott Labs CEO Robert Ford
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Abbott Labs CEO Robert FordRobert Ford, Abbott Labs co-chairman and CEO, joins 'Squawk on the Street' to discuss what's driving the company's double-digit gains in the quarter, Abbott Labs' Libre product, and much more.

Persons: Robert Ford Robert Ford Organizations: Abbott, Abbott Labs

☆ Here's why Abbott Labs stock is getting dinged after a strong earnings beat
▼ + stars: | 2024-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The FreeStyle Libre itself, which had 20% organic growth in the quarter, also still has plenty of runway for further growth. Investors should focus instead on the upward revision to management's full-year outlook for both top-line organic growth and earnings. The combination of Thursday's strong results and immediate decline in share price is setting up a positive risk vs. reward setup. Within Diagnostics, a small miss in molecular was more than offset by strong results in core laboratory, point of care and rapid diagnostics.

Persons: Abbott, Edwards, Robert Ford, It's, Jim Cramer's, ABT, Jim Cramer, Jim, Robert B, Ford, Ethan Miller Organizations: Abbott Labs, Abbott Laboratories, NEC, Rio, Libre, Management, Diagnostics, Devices, CNBC, Getty Locations: Missouri, Rio —, United States, U.S, Vegas, Las Vegas , Nevada

☆ It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions
▼ + stars: | 2024-07-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Meta is reportedly implementing cost-cutting measures at Reality Labs, its division for VR, AR, and the metaverse. The division has been asked to reduce spending, The Information reports. The purse tightening marks a big shift from before, as the metaverse is Zuck's costly pet project. AdvertisementMark Zuckerberg is reportedly reeling in spending on his big bet at Meta. The company is tightening its purse strings for Reality Labs, its division for VR, AR, and the metaverse, The Information reported Thursday.

Persons: —, Mark Zuckerberg Organizations: Meta, Reality Labs, VR, Service, Business

☆ Cramer's Lighting Round: Ready Capital is 'a little too opaque for me'
▼ + stars: | 2024-07-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon SharkNinja's year-to-date stock performance. Stock Chart Icon Stock chart icon Idexx's year-to-date stock performance. Stock Chart Icon Stock chart icon Ready Capital's year-to-date stock performance. Stock Chart Icon Stock chart icon American Superconductor's year-to-date stock performance. Stock Chart Icon Stock chart icon Owens & Minor's year-to-date stock performance.

Persons: it's, Helen of Troy, Owens, Jim Cramer's Organizations: Nvidia, Broadcom, Owens, Abbott Labs

Search resuls for: "Labs"

25 mentions found