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#corporate-earnings

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www.fastcompany.com

Artificial intelligence

Mobile game maker PlayStudios uses AI to report Q1 earnings, cloning the CEO's voice

Corporate earnings calls don't usually turn a lot of heads.But PlayStudios' reporting of its first quarter results Tuesday is an exceptionand the numbers will have little to do with it.As analysts and investors listened to the first half of the call, assimilating datalike the quarterly revenues hitting $80.1 million compared to an expected $73.4 millionthey likely had no idea that the words and speakers they were hearing were entirely generated by artificial intelligence.

www.cnn.com

Stocks slide as investors worry about more rate hikes

Inflation doesn't seem to be going away anytime soon.And that's weighing on Wall Street.Stocks tumbled Thursday after the US government's Producer Price Index report showed that prices at the wholesale level rose faster than expected in January.The Dow fell more than 430 points, or 1.3%.The S&P 500 was down 1.4% and the Nasdaq slid 1.8%.

Washington Post

Analysis | British CEOs Snared Big Bonuses. For What?

Like many people, chief executive officers in the UK had a tough pandemic.Unlike many people, they're coming out of it strongly.A series of surveys have shown pay for corporate leaders rebounding to match or surpass pre-Covid levels.The latest, from PwC this week, pegged average total annual compensation for CEOs in the FTSE 100 at £3.9 million ($4.5 million), an increase of more than 20% driven mostly by bonus payouts.

www.cbc.ca

Walmart joins Canadian grocery rivals in pushing back against profiteering claims | CBC News

Like its Canadian counterparts, Walmart is pushing back against claims that grocers are profiting from the rising cost of food.Gonzalo Gebara, the head of Walmart Canada, told MPs on the House agriculture committee Monday that rising prices were caused by "a perfect storm" of external factors, not price-gouging.

www.cbc.ca

ANALYSIS | Bank of Canada's Carolyn Rogers says unjustified wage hikes could mean higher interest rates | CBC News

Public outrage over a continued rise in grocery prices this week and the prospect of a strong jobs report may be signs that the Bank of Canada has not yet finished hiking interest rates.Speaking to the Manitoba Chambers of Commerce on Thursday in her hometown of Winnipeg, with her parents and her sister in the audience, the Bank of Canada's senior deputy governor, Carolyn Rogers, implied that despite the bank's pause this week, there may be higher interest rates ahead.

www.nytimes.com

Hospitality, health care and construction generated job growth.

Markets rise as investors like the look of hiring and wage trends.Jan. 4 Jan. 5 Jan. 6 3,820 3,840 3,860 3,880 3,900 For investors and policymakers alike, bad news may be good news when it comes to the job market.Stocks jumped on Friday after new data showed that hiring continued at a healthy pace in December, but wages rose more slowly than economists had forecast, taking the pressure off the potential impact they will have on overall inflation.

www.nytimes.com

Markets Rise as Investors Like the Look of Hiring and Wage Trends

Jan. 4 Jan. 5 Jan. 6 3,820 3,840 3,860 3,880 3,900 Data delayed at least 15 minutes Source: FactSet By: Ella Koeze For investors and policymakers alike, bad news may be good news when it comes to the job market.Stocks jumped on Friday after new data showed that hiring continued at a healthy pace in December, but wages rose more slowly than economists had forecast, taking the pressure off the potential impact they will have on overall inflation.

Washington Post

Analysis | After a Chaotic Reopening, Is China Investable Again?

Foreigners have taken to looking at China with deep skepticism.Geopolitical tensions over Taiwan, harsh regulatory crackdowns, as well as a stringent Covid-Zero policy that put its economy to a standstill raised the argument over the past year that China is no longer "investable."But the investment thesis for China is looking up again.

Washington Post

Analysis | India's Stocks Are Yet to Feel Tight Money

Indian equities typically command a premium.

news.bitcoin.com

Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens Market Updates Bitcoin News

Market Updates by Jamie Redman Equity markets began the day in the red following the latest corporate earnings reports from some of the world's largest firms, including Microsoft.The tech giant's recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster.

Washington Post

Analysis | GDP Gives Hope to Democrats But Not Many Others

The rebound in US gross domestic product in the third quarter comes as a welcome surprise for Democrats heading into midterm elections, potentially putting to rest the notion that the country is already in a recession.But for workers and investors, the report isn't quite so reassuring.Consider the impact on public perception.

Washington Post

Analysis | Why Wall Street's Favorite Tax Break Is a Biden Target

One of the most reviled loopholes in a tax code full of them is under threat again.

East Bay Times

Jill On Money: Crypto gets crushed as the dollar delights

A long, long time ago ... way back in the fall of 2021, I received an email from a gloating Bitcoin investor, which went something like this:

Washington Post

Analysis | The Fed Has a Narrow Path Between Inflation and Recession

Last week's surprisingly bad news on inflation - prices rose 8.6% in the year to May, the highest for 40 years - and the financial markets' anxious reaction have seriously complicated the Federal Reserve's job.

Truthout

Left-wing politics

The Secret Service Has Spent $2 Million at Trump Properties, CREW Says

The Secret Service has spent millions of dollars in taxpayer funds in payments made directly to Trump Organization properties, an analysis by a government watchdog group has found.

Washington Post

Perspective | With Fed rate increases, the economy's free ride is over

The Federal Reserve Board, as many of you know, is widely expected to announce on Wednesday that it's raising interest rates by three-quarters of a percent.

euronews

Markets rebound: Easing geopolitical tension brings recovery

Global stock markets rebounded due to eased geopolitical tensions and strong corporate earnings. [ more ]

Createsend

Logistics Report: Logistics Going Direct; Cloud-Based Bottlenecks; African Railroad Strategy

Transportation sector shows mixed financial performance in Q1. [ more ]

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