A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Meta Platforms, parent company of Facebook Inc. created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say promises to deepen scientists’ understanding of biology, and perhaps accelerate the discovery of new drugs. Meta’s research arm, Meta AI, used the new AI-based computer program known as ESMFold to … Read more
Britain’s public service broadcaster, the BBC, found itself in crisis over the weekend as it tried to navigate a mutiny within its sports department. Gary Lineker, the organisation’s highest-paid presenter, posted a comment on Twitter on Tuesday in response to the UK’s latest immigration policy. The BBC considered the tweet breached its strict rules of … Read more
Michelle Yeoh accepts the Best Actress award for ‘Everything Everywhere All at Once’ onstage during the 95th Annual Academy Awards at Dolby Theater on March 12, 2023 in Hollywood, California. Kevin Winter | Getty Images Entertainment | Getty Images And no one was slapped. “Everything Everywhere All at Once” dominated the Oscars on Sunday night, … Read more
Becky Lynch celebrates her loss to Bianca Belair at SummerSlam 2021. World wrestling entertainment It’s clear that World Wrestling Entertainment would like to make headlines about the possibility of bettors being allowed to legally bet on scripted matches, and all of this has nothing to do with trying to raise the potential sale price of … Read more
As Netflix moves closer to rolling out password-sharing guidelines in the United States, college students are bracing for changes in their streaming habits. Netflix introduced its password-sharing guidelines for users in Canada, New Zealand, Portugal and Spain in February. But he did not say how or when exactly the crackdown will hit the United States. … Read more
WASHINGTON—The Federal Trade Commission has asked Twitter Inc. to turn over internal communications related to owner Elon Musk, along with detailed information about the layoffs—citing concerns that the staff cuts could jeopardize the company’s ability company to protect users, documents viewed by the Wall Street Journal show. In 12 letters sent to Twitter and its … Read more
Paramount Global FOR -2.19% plans to sell a majority stake in BET Media Group, which includes cable channels BET and VH1, people familiar with the matter said. The move to consider selling a controlling stake in the assets, which cater primarily to black audiences, is part of the entertainment giant’s efforts to bolster resources to … Read more
Usually cars are the stars. But this week, Elon Musk went out of his way to highlight Tesla Inc. TSLA 3.61% management team, although Wall Street was eager for an update on efforts to develop a new, inexpensive electric car. Sitting on stage Wednesday, Mr Musk was surrounded by 16 executives, in an apparent attempt … Read more
Twitter Inc. reported lower revenue and adjusted earnings for the month of December after many advertisers abandoned the social media platform following the Elon Musk takeover, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year drop in adjusted revenue and earnings for the month, the people … Read more
