Tag Archives: bust

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York  —  At this point, even the concept of an “AI bubble” seems to be a bubble. (In fact, Deutsche Bank analysts said last month that the “AI bubble” bubble has already burst.) Perhaps some corners …

Venture Global Stock Tumbles Almost 20%. It Just Lost This Bust Up With BP.  Barron’s Venture Global shares plummet after arbitration loss over LNG cargoes  Financial Times BP Wins Arbitration Against Venture Global  Yahoo Finance Venture Global Put Buyers Gain Nearly $2 Million as Shares Slump  Bloomberg.com BP wins arbitration case against Venture Global over LNG cargoes  Reuters Source link

What was once a great story in Seattle has become a disaster in Las Vegas. Pete Carroll’s hapless Raiders were steamrolled 40-6 by the Indianapolis Colts in Week 5, and it wasn’t even that close. The 34-point defeat is one of the heaviest Carroll’s distinguished head coaching career between college and the NFL. Struggling starting quarterback Geno Smith threw two …

A man broke into the Washington State Capitol’s Legislative Building on Sunday night, knocked over the giant bronze bust of George Washington, and burned state and county flags. State troopers arrested and booked Gunnar Schubert into Thurston County Jail for arson, burglary, and malicious mischief, jail records show. Schubert was a baseball player for Gonzaga, The Spokesman-Review reported Monday, and …

Leading up to the government shutdown on Wednesday, congressional Republicans and Donald Trump have repeated misleading claims that Democrats were trying to pass a resolution that would provide “free healthcare for illegals”. It’s become a well-rehearsed refrain fueling GOP lawmakers as government funding lapsed this week. At the White House on Wednesday, the vice-president JD Vance said the Democrats’ spending …

SAN FRANCISCO (AP) — Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology as a whirlwind of investments and …

Three years of painstaking roster-building by the Minnesota Vikings needed less than 24 hours to be blown apart. Go back to last week and Minnesota’s newly christened starting QB, J.J. McCarthy, appeared ready to fulfill his destiny as this franchise’s long-awaited savior after engineering a 21-point fourth-quarter explosion in a comeback win at Soldier Field. A few days later, his …

The dot-com era’s highest-profile analyst says there will be a big AI bust  MarketWatch OpenAI board chair Bret Taylor says we’re in an AI bubble (but that’s okay)  Yahoo Finance What if the $3trn AI investment boom goes wrong?  The Economist Sierra CEO Bret Taylor on why the AI bubble feels like the dotcom boom  The Verge OpenAI board chair Bret Taylor echoes Altman’s …

A company that provides auto loans to families with poor or no credit has filed for bankruptcy.  Tricolor Holdings, a Dallas-based car fixing and credit company, has filed for Chapter 7 — or liquidation — bankruptcy. The filing typically means the company will quickly go out of business.  The company’s demise is a warning sign for the US economy: Americans …

Robin Levinson King BBC News Getty Images Bulleit Bourbon reported a more than 7% sales drop this fiscal year As American as apple pie, Kentucky bourbon was booming after the last Great Recession ended. But as the economy has waned post-Pandemic – and with multiple trade wars on the horizon – the market may be drying up. Although the whiskey, …