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Nvidia and other AI stocks are getting dragged down by Microsoft and Meta

Quartz

qz.com › nvidia-smci-amd-mu-avgo-ai-stocks-down-microsoft-and-me-1851686429

Despite posting robust quarterly profits, Microsoft (MSFT) and Meta (META) shares slumped Thursday as both tech giants signaled substantial future AI spending requirements and slower growth prospects. The companies that have emerged as leaders in the AI sector saw their stocks decline despite heavy investments in…

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Allegiant Air doesn't know how badly Hurricane Milton messed it up

Quartz

qz.com › allegiant-air-earnings-helene-milton-fema-sunseeker-1851686364

The budget carrier Allegiant Air (ALGT) released earnings Wednesday, reporting a $36 million loss on $562 million in revenue. The numbers were worse than Wall Street was expecting, and it wasn’t the only bad news for the airline, which provided an update on the often-unfortunate Sunseeker Resort project in the…

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Comcast might unload its cable networks

Quartz

qz.com › comcast-nbc-cable-unload-1851686435

Comcast (CMCSA) is exploring a major restructuring that could spin off its cable networks, marking another seismic shift in the streaming wars. The entertainment conglomerate is also seeking potential partnerships for its streaming platform Peacock as traditional media companies scramble to adapt to changing viewer…

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The CDC has confirmed the 'likely' culprit of the McDonald's E. coli outbreak

Quartz

qz.com › cdc-e-coli-outbreak-mcdonalds-slivered-onions-recall-1851686510

The Centers for Disease Control and Prevention (CDC) has issued an update confirming that slivered onions served on McDonald’s Quarter Pounder hamburgers “are the likely source” of the recent E. coli outbreak.

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Trump Media stock sinks 15% as pre-election losses deepen

Quartz

qz.com › trump-media-stock-djt-shares-election-1851686305

What once appeared to be “pre-election euphoria” has turned into pre-election bleeding for the media company behind Republican presidential candidate Donald Trump’s right-wing social media platform Truth Social.

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