Jeremy Edwards/iStock Unreleased via Getty Images Before the attack started on Feb. 28, lingering concerns about inflation had kept the Fed wary of extending last year’s interest rate cuts. Although several measures of pricing pressure had stabilized at lower levels relative to recent history, Fed officials expressed caution about declaring victory in fully taming the price spike that peaked at 9....
Jeremy Edwards/iStock Unreleased via Getty Images Before the attack started on Feb. 28, lingering concerns about inflation had kept the Fed wary of extending last year’s interest rate cuts. Although several measures of pricing pressure had stabilized at lower levels relative to recent history, Fed officials expressed caution about declaring victory in fully taming the price spike that peaked at 9.0% year over year for the Consumer Price Index in June 2022. The inflation trend has since fallen dramatically, and remained relatively stable in the mid-2% range, which is modestly above the Fed’s 2% target. But the cautious optimism that had accompanied the disinflation could be ancient history due to the war. The concern is that the sharp rise in energy costs will reignite inflation and force the central bank to react by keeping monetary policy tighter for longer. It’s uncertain how long the surge in oil, gasoline, and natural gas prices will last, and so it’s debatable how, if, or when the Fed should respond. This gray area for policy will take time to clear. The longer the war lasts, the deeper the ambiguity about what comes next for policy decisions. The critical questions: When will the war end, and what will follow in terms of economic consequences? It’s all speculation at this point, but analysts are considering an array of possibilities. Much of the analysis centers on how soon oil exports will rebound through the Strait of Hormuz, which remains essentially closed due to the war and accounts for roughly one-fifth of the world’s seaborne exports. The basic calculus: the longer exports are blocked, the bigger the hit on supply, which in turn will bring longer-lasting upside pressure to energy prices, estimates Capital Economics via the FT. The challenge for the Fed is deciding which scenario is likely and setting monetary policy appropriately. But with no clear end to the war in sight as of this writing, the near-term outlook is as cloudy as ever for energy costs an...
Drew Angerer TikTok is delving deeper into music. The platform on Wednesday announced a "Play Full Song" feature as part of its tie-up with Apple Music ( AAPL ) to let users listen to a particular song completely that was used in making the short video clip. The feature notably will link the two apps and allow users to keep scrolling videos while music discovered continues to play. "Tapping into t...
Drew Angerer TikTok is delving deeper into music. The platform on Wednesday announced a "Play Full Song" feature as part of its tie-up with Apple Music ( AAPL ) to let users listen to a particular song completely that was used in making the short video clip. The feature notably will link the two apps and allow users to keep scrolling videos while music discovered continues to play. "Tapping into the music you love should feel effortless," said Apple Music’s Ole Obermann. "With Play Full Song, Apple Music subscribers can move easily from discovering a track on TikTok to listening to it in full instantly, without breaking the flow." A new "Listening Party" feature was also announced by the platforms, where people can listen to their favorite artist's music in real-time and socialize with them in chat. ByteDance had previously poured its efforts into standalone music projects like TikTok Music, but that app was shut down in November 2024 as the company decided to partner with streaming services rather than compete with them. Albeit TikTok is not a music app, the platform continues to play an important role in popularizing songs, both old and new, through viral trends in which Gen Z and millennial audiences participate heavily. More on Apple, TikTok, etc. Apple: Rising Free Cash Flow Expectations Strengthen The Bull Case Apple's Agentic Moment Is Here - But It Isn't Siri The MacBook Neo Is A Brilliant Move For Apple, But A Worrying Sign For The Economy Apple’s 'game changer' MacBook Neo gets rave reviews on pricing and design Apple's MacBook Neo price stands out as higher memory, CPU costs drive up notebooks: TrendForce
Drew Angerer TikTok is delving deeper into music. The platform on Wednesday announced a "Play Full Song" feature as part of its tie-up with Apple Music ( AAPL ) to let users listen to a particular song completely that was used in making the short video clip. The feature notably will link the two apps and allow users to keep scrolling videos while music discovered continues to play. "Tapping into t...
Drew Angerer TikTok is delving deeper into music. The platform on Wednesday announced a "Play Full Song" feature as part of its tie-up with Apple Music ( AAPL ) to let users listen to a particular song completely that was used in making the short video clip. The feature notably will link the two apps and allow users to keep scrolling videos while music discovered continues to play. "Tapping into the music you love should feel effortless," said Apple Music’s Ole Obermann. "With Play Full Song, Apple Music subscribers can move easily from discovering a track on TikTok to listening to it in full instantly, without breaking the flow." A new "Listening Party" feature was also announced by the platforms, where people can listen to their favorite artist's music in real-time and socialize with them in chat. ByteDance had previously poured its efforts into standalone music projects like TikTok Music, but that app was shut down in November 2024 as the company decided to partner with streaming services rather than compete with them. Albeit TikTok is not a music app, the platform continues to play an important role in popularizing songs, both old and new, through viral trends in which Gen Z and millennial audiences participate heavily. More on Apple, TikTok, etc. Apple: Rising Free Cash Flow Expectations Strengthen The Bull Case Apple's Agentic Moment Is Here - But It Isn't Siri The MacBook Neo Is A Brilliant Move For Apple, But A Worrying Sign For The Economy Apple’s 'game changer' MacBook Neo gets rave reviews on pricing and design Apple's MacBook Neo price stands out as higher memory, CPU costs drive up notebooks: TrendForce
Shares of Domo ( DOMO ) opened more than 22% higher on Wednesday after the company posted better-than-expected third-quarter results. The stock advanced 22.15% to $5.35 during early trading hours. The company posted adjusted earnings of $0.03 per share and revenue of $79.62M, exceeding analysts' estimates by $0.06 and $0.97M, respectively. Subscription revenue rose 2% Y/Y to $73.4M. For the full y...
Shares of Domo ( DOMO ) opened more than 22% higher on Wednesday after the company posted better-than-expected third-quarter results. The stock advanced 22.15% to $5.35 during early trading hours. The company posted adjusted earnings of $0.03 per share and revenue of $79.62M, exceeding analysts' estimates by $0.06 and $0.97M, respectively. Subscription revenue rose 2% Y/Y to $73.4M. For the full year, the company’s non-GAAP earnings came in at -$0.03 per share on revenue of $318.9M. Domo reported record quarterly billings of $111.2M, which CEO Joshua James attributed to higher retention, an expanding partner ecosystem, and accelerated adoption of the consumption model. “Our platform is well-positioned to benefit from the rapid adoption of AI in the market,” James added. The company did not provide any guidance as it is in the process of evaluating strategic alternatives. However, the management expects GAAP revenue to remain relatively flat with a modest improvement in non-GAAP EPS and positive adjusted free cash flow for the upcoming fiscal year, as per CFO Tod Crane. Several research analysts revised their price target on the stock following its results. DA Davidson reportedly lowered its price target on Domo to $6.00 from $10.00, but maintained a Neutral rating. The firm said it was waiting for clearer upside to the revenue growth outlook before turning more constructive on the shares. Meanwhile, Cantor Fitzgerald lowered its price target on the firm to $8.00 from $13.00 while maintaining an Overweight rating. More on Domo Domo, Inc. (DOMO) Q4 2026 Earnings Call Transcript Domo: AI Is Making This Company Obsolete Domo outlines AI-driven platform strategy with record $111.2M Q4 billings and 88% gross retention Domo Q4 2026 Earnings Preview Seeking Alpha’s Quant Rating on Domo
Oil prices remained in a holding pattern on Wednesday morning as the International Energy Agency announced a record release of petroleum reserves by member countries to avoid a supply crunch. The S&P 500 fell slightly, despite a strong earnings report fom Oracle. The IEA said its 32 member nations agreed to jointly release 400 million barrels of oil.
Oil prices remained in a holding pattern on Wednesday morning as the International Energy Agency announced a record release of petroleum reserves by member countries to avoid a supply crunch. The S&P 500 fell slightly, despite a strong earnings report fom Oracle. The IEA said its 32 member nations agreed to jointly release 400 million barrels of oil.
Japanese digital-wallet provider PayPay Corp. is guiding investors that it will price its US initial public offering at $16 per share, below its marketed range, people familiar with the matter said, as the deal moves forward despite market turbulence. The SoftBank Group Corp .-backed company is poised to price about 55 million American depositary receipts, putting the deal on track to raise $880 m...
Japanese digital-wallet provider PayPay Corp. is guiding investors that it will price its US initial public offering at $16 per share, below its marketed range, people familiar with the matter said, as the deal moves forward despite market turbulence. The SoftBank Group Corp .-backed company is poised to price about 55 million American depositary receipts, putting the deal on track to raise $880 million, said the people, who asked not to be named discussing a private matter. PayPay had marketed the ADRs, which each represent one common share, at $17 to $20 apiece. The company is set to price the IPO on Wednesday, according to terms of the deal seen by Bloomberg News. The offering drew institutional-investor demand for multiple times the available ADRs, people familiar with the matter said . PayPay did not respond to a request for comment outside of regular business hours in Tokyo. PayPay is pushing ahead with its offering against the backdrop of market turbulence sparked by the hostilities in the Middle East. Even before the Iran conflict began, PayPay was stepping into a challenging environment for IPOs, with some US listings of financial-technology firms fizzling. At the $16 price, PayPay would have a market value of about $10.7 billion, based on the outstanding shares listed in its filings. PayPay was seeking a valuation of more than $10 billion, although SoftBank founder Masayoshi Son had pushed for a valuation as high as $20 billion. PayPay started in 2018 as a joint venture with Vision Fund-backed Indian payments company Paytm. The company soon zoomed past Rakuten Group Inc.’s Rakuten Pay in capturing users, thanks to heavy marketing, aggressive subsidies and SoftBank’s support in signing on merchants around Japan. As of December, the number of PayPay users reached about 72 million in a country of roughly 123 million. Goldman Sachs Group Inc., JPMorgan Chase & Co., Mizuho Financial Group and Morgan Stanley are working on the IPO. The company is expected to deb...
There are lots of options for video doorbells that store footage locally — including these from Eufy, Reolink, SwitchBot, Tapo, and Aqara. | Photo by Jennifer Pattison Tuohy / The Verge Recently, Ring ran a Super Bowl ad for its Search Party feature showing how it uses AI to scan footage from Ring cameras and video doorbells to help find lost dogs. It sounds neighborly — until you consider that t...
There are lots of options for video doorbells that store footage locally — including these from Eufy, Reolink, SwitchBot, Tapo, and Aqara. | Photo by Jennifer Pattison Tuohy / The Verge Recently, Ring ran a Super Bowl ad for its Search Party feature showing how it uses AI to scan footage from Ring cameras and video doorbells to help find lost dogs. It sounds neighborly — until you consider that the same system could theoretically search footage for anything or anyone . Combined with longstanding concerns around Ring’s ties to law enforcement — including a recent proposed integration with law enforcement technology company Flock Safety — the ad has prompted some users to look for alternatives to Ring. If you are uncomfortable continuing to use your Ring cameras and are wondering what to do, we’ve rounded up all your options: From how to lock down your Ring hardware if you don’t want to or can’t swap it out, to doorbell cameras that don’t rely on cloud-processing — including those that store footage locally. Why are people looking to ditch Ring? The core concern is that Ring footage is processed and stored in the cloud. While Ring encrypts videos in transit and at rest, the company can access footage while it’s processed for features such as AI-powered video descriptions , video search , and Search Party . While Ring has said that it does not share data or video footage with ICE or any federal law enforcement agencies, and that only its users can share their footage with local law enforcement, many people are concerned about what might happen if Ring changes its policies. Ring maintains that it is not conducting mass surveillance. However, Ring’s founder and CEO Jamie Siminoff continues to be vocal in his belief that more cameras and more AI can help solve crime. He was the one who brought back video sharing with law enforcement after his predecessor ended the company’s prior police-sharing feature . Ring — like any cloud provider — can be compelled to provide footag...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. The first Lego Smart Brick sets, based on Star Wars, aren’t quite what my kids and I hoped, and I suspect much of that’s down to programming. But the Smart...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. The first Lego Smart Brick sets, based on Star Wars, aren’t quite what my kids and I hoped, and I suspect much of that’s down to programming. But the Smart Bricks may also have some technical limitations out of the gate. The first sets don’t ship with a number of their sensors enabled, including the sound-detecting microphone, the ambient light sensor, fine distance measurement, position, and orientation. “There are more sensors that will be unlocked with future products,” Lego Smart Brick sound designer Elysha Zaide explained on a recent livestream, citing ambient light, position, and orientation as missing out of the gate. It’s possible these features will require a software update to unlock: Lego’s Smart Brick app explains that the brick’s built-in microphone is currently disabled and will need an update if that changes. Honestly, it might be smart to have this one disabled out of the gate. Image: Lego The Smart Bricks do have other working sensors. The NFC reader registers nearby Smart Tiles through as many as seven Lego plates (roughly 22mm), I tested, and almost every interaction uses motion sensing. The color sensor detects red, green, and blue objects held up to the side of the Smart Brick when it’s flashing its LED. There’s also one basic multi-brick interaction — when one starfighter or turret blasts, all others will register a “hit” and eventually “explode.” But that’s the only multi-brick interaction for now, Lego comms manager Jack Rankin confirms to The Verge; even a two-brick lightsaber battle doesn’t currently sync up those two bricks. In the company’s demos at CES (one of which I saved for posterity), bricks could wirelessly connect to each other to share colors, sync up sounds, and play various games. The ot...
ARK Invest CEO Cathie Wood is projecting a massive shift in global markets, predicting that post-war Iran and a transition into the “electric vehicle realm” will send oil prices plunging as geopolitical tensions ease. The ‘Coiled Spring’ Of The Middle East In her latest “In The Know” episode, Wood highlighted a 90% drop in Iranian missile and drone activity, suggesting the regime has been signific...
ARK Invest CEO Cathie Wood is projecting a massive shift in global markets, predicting that post-war Iran and a transition into the “electric vehicle realm” will send oil prices plunging as geopolitical tensions ease. The ‘Coiled Spring’ Of The Middle East In her latest “In The Know” episode, Wood highlighted a 90% drop in Iranian missile and drone activity, suggesting the regime has been significantly diminished. This cooling of conflagration aligns with President Donald Trump's recent characterization of the conflict as “very complete.” Wood views Iran's young, well-educated population as a “coiled spring” ready to explode into the global tech economy once freed from repressive constraints. “You’ve got a coiled spring in terms of a population just really wanting to join this very exciting world, especially the world of technology and innovation,” Wood stated. Don't Miss: Tesla And The $50 Oil Forecast Central to Wood’s thesis is the collapse of traditional energy dominance. She argues that the Middle East is aggressively diversifying because leaders recognize the impending dominance of autonomous mobility. Wood predicts oil, currently near $90, could drop “below $50 per barrel, and perhaps much lower over the next 5 to 10 years.” This transition is fueled by Tesla Inc. and the scaling of the “electric vehicle realm.” As autonomous electric platforms become less expensive, the structural demand for oil is expected to evaporate, a shift Wood describes as happening “slowly, slowly, then all at once.” Palantir And The AI ‘PC Moment’ Beyond energy, Wood identified Palantir Technologies Inc. as a primary beneficiary of the new productivity era. She compared the current AI breakthrough to the 1980 “PC moment,” noting that frontier models are now disrupting traditional software. Trending: Own the Characters, Not Just the Content: Inside a Fast-Growing Pre-IPO IP Company Wood noted that enterprise platforms like Palantir are helping companies navigate “all-at-once” moments...
imaginima/E+ via Getty Images Commercial crude stocks for the week ended March 6: 443.1 M barrels . Crude inventory change: +3.8 M barrels vs. +3.5M barrel s for the week ended February 27. Consensus estimate: +2.800M. Gasoline inventory change: -3.7M barrels vs. -1.7M barrels for the week ended February 27. Distillates inventory change: -1.3M barrels vs. +0.4M for the week ended February 27. ETFs...
imaginima/E+ via Getty Images Commercial crude stocks for the week ended March 6: 443.1 M barrels . Crude inventory change: +3.8 M barrels vs. +3.5M barrel s for the week ended February 27. Consensus estimate: +2.800M. Gasoline inventory change: -3.7M barrels vs. -1.7M barrels for the week ended February 27. Distillates inventory change: -1.3M barrels vs. +0.4M for the week ended February 27. ETFs: ( USO ), ( UCO ), ( SCO ), ( BNO ), ( DBO ), ( USL ). More on United States Oil Fund LP ETF, ProShares Ultra Bloomberg Crude Oil ETF, etc. Fuel Costs Tax Everyone A Range Like Few Others Oil Shock: Why I Just Bought More Energy Stocks Extended Gulf shutdown could trigger prolonged oil price shock, Kilduff says: CNBC interview U.S. gasoline prices rise to $3.58/gal as Iran tensions lift oil markets
In this article ORCL Follow your favorite stocks CREATE FREE ACCOUNT A trader on the floor of the New York Stock Exchange on April 10, 2025. NYSE Oracle shares rose 12% Wednesday after the company posted robust third-quarter earnings and assured analysts that the company does not plan to raise any additional debt in 2026 beyond what was already announced. "Investing in AI infrastructure is capital...
In this article ORCL Follow your favorite stocks CREATE FREE ACCOUNT A trader on the floor of the New York Stock Exchange on April 10, 2025. NYSE Oracle shares rose 12% Wednesday after the company posted robust third-quarter earnings and assured analysts that the company does not plan to raise any additional debt in 2026 beyond what was already announced. "Investing in AI infrastructure is capital-intensive, but our operating model is optimized to ensure profitability," CEO Clayton Magouyrk said on the company's earnings call Tuesday. The hyperscaler has drawn skepticism for the financing measures funding its data center construction. Last month, the company said it intends to raise up to $50 billion in 2026 with a combination of debt and equity, with no expectations to issue additional bonds. Magouyrk addressed the company's AI infrastructure growth plans on the analyst call. "We have signed more than $29 billion of contracts since then across multiple customers using that new model," Magouyrk said. "A combination of bring-your-own-hardware and upfront customer payments enables us to continue expanding without any negative cash flow from Oracle." Magouyrk also noted that Oracle delivered 90% of 400 megawatt data centers on or ahead of schedule in the third quarter. Stock Chart Icon Stock chart icon Oracle one-year stock chart. Read more CNBC tech news How the Iran war and rising energy prices are threatening semiconductor demand Kevin Mandia sold his cybersecurity company to Google in 2022. He has a fresh $190 million for a new venture Musk's xAI wants to build a power plant in Mississippi. Regulators planned a key meeting on Election Day, 200 miles away Oracle is building yesterday's data centers with tomorrow's debt Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Midea Group, the owner of industrial robot giant Kuka, is the latest Chinese company to pledge heavy investment in AI and robotics – another 60 billion yuan (US$8.7 billion) over the next three years – as traditional industries embrace futuristic technologies. The planned expenditure on research and development, with a focus on “AI, embodied intelligence and other cutting-edge areas”, matched its ...
Midea Group, the owner of industrial robot giant Kuka, is the latest Chinese company to pledge heavy investment in AI and robotics – another 60 billion yuan (US$8.7 billion) over the next three years – as traditional industries embrace futuristic technologies. The planned expenditure on research and development, with a focus on “AI, embodied intelligence and other cutting-edge areas”, matched its total spending over the past five years, the company announced in Shanghai on Tuesday. The strategic move followed the debut in December of an “ultra” humanoid robot, Miro U, which has six arms and runs on wheels. Advertisement The robot had been deployed at one of the home appliance giant’s washing machine factories in Wuxi, Jiangsu province, where it had improved production-line changeover efficiency by 30 per cent, according to the company website. Midea has accelerated its foray into robotics since the 2017 acquisition of German robotic giant Kuka. Five years later, the Chinese firm established a lab to study high-end heavy-duty robots, the only “state key laboratory” in the robotics sector backed by a company. Advertisement In 2024, Midea launched an innovation centre dedicated to humanoid robots. Midea is not alone among China’s traditional electric appliance makers in pivoting towards robotics and AI.