Browsing: street

The S&P 500 fell 1.2 per cent for its worst day since July, while the Nasdaq composite tumbled 2.6 per cent. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, where the majority of stocks actually rose. The Dow Jones Industrial Average added 11 points,…

For an industry that we’re told is central to our collective future, the artificial intelligence (AI) industry increasingly seems to be built on a combination of artificially inflated hopes and bad accounting.

While it’s been a good year at the box office for film studios and theaters, things were looking dire for a while after the onset of the COVID-19 pandemic. Revenue remained low even after lockdown measures lifted as more folks simply waited for films to hit streaming services. One of the strategies theater chains embraced…