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S&P 500, Nasdaq Composite Hover Near Record Highs as Stocks Little Changed Ahead of Inflation Data

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Meme Stocks Rises as Some Traders Still ‘Demand Excitement’

29 minutes ago

Investors aren’t done with meme stocks just yet.

Shares of AMC Entertainment (AMC) rose Monday, with the theater company’s stock recently up 3% to north of $3. Current prices are off their morning highs though, and reflect a retreat from the shares’ end-of-2024 price just below $4 apiece. Second-quarter financial results that included revenue growth and a narrower loss helped the shares. (The conference call is after the closing bell.)

Some other meme stocks were making comparatively quiet moves. Apparel retailer American Eagle (AEO), recently in the spotlight thanks to the attention-grabbing abilities of actress Sydney Sweeney and President Donald Trump, was up slightly. GameStop (GME) was up more than 1%. Kohl’s (KSS), another retail company to recently join the meme-stock ranks, was nearly 7% higher.

Monday’s energy isn’t quite where it was late last month when a range of memey shares were jumping around at roughly the same time. Vanda Research suggested that retail investor interest in such stocks had “seemingly fizzled out.”

Not entirely, it seems. (“Mr. Market sometimes acts as if he’s had 13 Red Bulls before the market opens each day,” Ritholtz Weath Management’s Ben Carlson wrote last week.)

It’s perhaps unsurprising that traders are still looking for corners of quick action amid the portentous discussions surrounding earnings, the Federal Reserve, and trade policy. Stocks finished last week at highs and remain near them now; investors’ expectations of an interest-rate cut are rising, also supporting risk appetite. Bitcoin is near its own record.

“An emphasis on quality amongst stock picks and sector picks these days appears key for the most part for performance even as the ‘wild west’ (to conservative investors) of ‘meme stocks’ and ‘crypto plays’ capture attention among some denizens of the market that demand excitement,” Oppenheimer analysts wrote Monday.

The big meme stock names have popped on some days in recent months but remain down sharply for the year to date.

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David Marino-Nachison

Intel Stock Jumps as CEO to Meet With Trump

1 hr 41 min ago

Shares of Intel (INTC) surged following a report CEO Lip-Bu Tan is set to visit the White House today after President Trump called for his resignation last week.

The stock was up 5% in recent trading, after last week’s plunge threatened to erase its gains for 2025. With Monday’s jump, the stock was back in positive territory for the year.

Tan could use the visit to defend his background and improve relations with the Trump administration, as well as potentially set the groundwork for new deals, The Wall Street Journal reported. Intel and the White House did not immediately respond to requests for comment.  

Lip-Bu Tan at an Intel event in April.

Andrej Sokolow / Picture Alliance / Getty Images


Tan, who took the helm of Intel in March, said in a letter to employees last week that he has the full support of the company’s board, after Trump called for him to step down.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote on his Truth Social network Thursday.

The post came after Sen. Tom Cotton (R-Ark.) wrote a letter to Intel’s board chair asking about Tan’s work history and stakes in companies with reported connections to China’s military. Tan was previously CEO of Cadence Design Systems (CDNS), which said it recently settled legal proceedings related to “operations and business dealings in China.” 

In his letter, Tan said “there has been a lot of misinformation circulating,” and that he looks forward to engaging with the Trump administration to address issues raised.

Kara Greenberg

Nvidia, AMD to Give US Government Share of China Chip Sales

3 hr 5 min ago

Nvidia (NVDA) and Advanced Micro Devices (AMD) plans to resume sales of key AI chips to China could come with some big strings attached. 

Both companies have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses, the Financial Times reported yesterday, after the Trump administration tightened restrictions earlier this year citing national security concerns.

The Trump administration and AMD did not immediately respond to a request for comment. 

A spokesperson for Nvidia told Investopedia, “We follow rules the U.S. government sets for our participation in worldwide markets. While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America’s AI tech stack can be the world’s standard if we race.”

Both chipmakers have take a significant hit from the Trump administration’s curbs, with AMD last week reporting an $800 million charge in the second quarter related to restrictions on the sale of its AI chips to China. Nvidia said in May that it expects to report an $8 billion hit from export restrictions when it releases its quarterly results later this month.

Shares of Nvidia wavered between slight gains and losses in early trading, while AMD shares were up nearly 2% recently.

Such a deal would mark an unusual shift in how American companies are expected to engage with the government and respond to trade policy changes. 

Nvidia’s plans to resume sales to China came after a number of high-profile visits to the White House by CEO Jensen Huang, including one last week. President Trump also said last week that Apple (AAPL) and others with pledges to build in the U.S. could be exempt from new semiconductor tariffs, after CEO Tim Cook joined Trump at the White House to announce a $100 billion commitment to U.S. production. 

Separately, Intel (INTC) CEO Lip-Bu Tan is is set to to meet with Trump at the White House today, after the president called for his resignationThe Wall Street Journal reported.

Kara Greenberg

S&P 500 Coming Off Its Best Week Since June

3 hr 39 min ago

Stocks rebounded last week as investors concerns about tariffs and the economic outlook eased.

The benchmark S&P 500 index and the tech-heavy Nasdaq Composite surged 2.4% and 3.9% last week, their best performance since the week of June 23. The Dow Jones Industrial Average added 1.6% last week, its biggest gain since the week of June 30.

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Coming into Monday’s session, the Nasdaq was up about 11% since the start of 2025, while the S&P 500 had gained 8.6% and the Dow had tacked on 3.8%.

Major Index Futures Inch Higher

5 hr 2 min ago

Futures tied to the Dow Jones Industrial Average were up 0.3%.

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S&P 500 futures added 0.2%.

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Nasdaq 100 futures rose 0.1%.

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Kansas City Chiefs vs. Los Angeles Chargers Live Score and Stats – September 5, 2025 Gametracker

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Justin Herbert threw for 318 yards and three touchdowns in outdueling Patrick Mahomes, and the Los Angeles Chargers beat Kansas City 27-21 on Friday night in Sao Paulo, snapping a seven-game skid to the Kansas City Chiefs.

“It’s monumental,” Chargers coach Jim Harbaugh said. “September 5th will go down in some Charger lore, in my opinion. It was a big win.”

The NFL’s second game played in South America was streamed on YouTube, with Brazilian soccer superstar Neymar in attendance. Newly engaged pop superstar Taylor Swift wasn’t there to watch fiancé Travis Kelce and see Colombian singer Karol G perform at halftime.

Herbert became just the third quarterback in Chargers history with 300 yards and three TDs in a season opener. His 19-yard run on third-and-14 dashed any comeback hopes the Chiefs had with 2:21 to play. He finished 25 of 34 and was sacked three times.

“We knew it was going to be a dogfight, so we showed up today with our best effort,” Herbert said. “It was fun to see.”

Mahomes was 24 of 39 for 258 yards, one touchdown and two sacks.

Herbert’s 23-yard TD pass to Quentin Johnston extended the lead to 26-18 with 5:02 remaining in the fourth. They hooked up for a 5-yard TD on the Chargers’ opening drive of the game.

Chased by Khalil Mack, Mahomes threw incomplete to Marquise Brown on first-and-goal at the LA 9. Two more incomplete passes brought on Harrison Butker, whose 27-yard field goal cut the deficit to 27-21 with 2:34 remaining.

The Chiefs closed to 20-18 on Mahomes’ 37-yard TD pass to Kelce early in the fourth. The 2-point conversion failed as Mahomes’ pass was incomplete to Noah Gray.

The Chiefs were coming off their first TD drive in the third when they gave one right back to their AFC rivals. Herbert’s short left pass to Keenan Allen for 11 yards extended the Chargers’ lead to 19-12. Herbert and Allen had over 300 receptions together before Allen left for Chicago last season. He returned to Los Angeles last month.

The Chargers beat the Chiefs for the first time since Sept. 26, 2021, in Kansas City.

The Chiefs were already down two receivers to start the game, with Rashee Rice suspended to start the season and rookie Jalen Royals out with a knee injury.

They lost another one three snaps into the game.

Xavier Worthy and teammate Kelce collided on a third-down pass. Worthy had to be helped off the field and was later ruled out with a right shoulder injury.

Chargers linebacker Denzel Perryman didn’t return after leaving with an ankle injury in the third.

The Chiefs host Philadelphia on Sept. 14 in a Super Bowl rematch.

The Chargers visit Las Vegas on Sept. 15 in the second of three straight against division rivals.

AP NFL: https://apnews.com/hub/nfl

Copyright 2025 STATS LLC and Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and Associated Press is strictly prohibited.





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Anthropic pays authors $1.5 billion to settle copyright infringement lawsuit

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NEW YORK (AP) — Artificial intelligence company Anthropic has agreed to pay $1.5 billion to settle a class-action lawsuit by book authors who say the company took pirated copies of their works to train its chatbot.

The landmark settlement, if approved by a judge as soon as Monday, could mark a turning point in legal battles between AI companies and the writers, visual artists and other creative professionals who accuse them of copyright infringement.

The company has agreed to pay authors or publishers about $3,000 for each of an estimated 500,000 books covered by the settlement.

“As best as we can tell, it’s the largest copyright recovery ever,” said Justin Nelson, a lawyer for the authors. “It is the first of its kind in the AI era.”

A trio of authors — thriller novelist Andrea Bartz and nonfiction writers Charles Graeber and Kirk Wallace Johnson — sued last year and now represent a broader group of writers and publishers whose books Anthropic downloaded to train its chatbot Claude.

A federal judge dealt the case a mixed ruling in June, finding that training AI chatbots on copyrighted books wasn’t illegal but that Anthropic wrongfully acquired millions of books through pirate websites.

If Anthropic had not settled, experts say losing the case after a scheduled December trial could have cost the San Francisco-based company even more money.

“We were looking at a strong possibility of multiple billions of dollars, enough to potentially cripple or even put Anthropic out of business,” said William Long, a legal analyst for Wolters Kluwer.

U.S. District Judge William Alsup of San Francisco has scheduled a Monday hearing to review the settlement terms.

Anthropic said in a statement Friday that the settlement, if approved, “will resolve the plaintiffs’ remaining legacy claims.”

“We remain committed to developing safe AI systems that help people and organizations extend their capabilities, advance scientific discovery, and solve complex problems,” said Aparna Sridhar, the company’s deputy general counsel.

As part of the settlement, the company has also agreed to destroy the original book files it downloaded.

Books are known to be important sources of data — in essence, billions of words carefully strung together — that are needed to build the AI large language models behind chatbots like Anthropic’s Claude and its chief rival, OpenAI’s ChatGPT.

Alsup’s June ruling found that Anthropic had downloaded more than 7 million digitized books that it “knew had been pirated.” It started with nearly 200,000 from an online library called Books3, assembled by AI researchers outside of OpenAI to match the vast collections on which ChatGPT was trained.

Debut thriller novel “The Lost Night” by Bartz, a lead plaintiff in the case, was among those found in the dataset.

Anthropic later took at least 5 million copies from the pirate website Library Genesis, or LibGen, and at least 2 million copies from the Pirate Library Mirror, Alsup wrote.

The Authors Guild told its thousands of members last month that it expected “damages will be minimally $750 per work and could be much higher” if Anthropic was found at trial to have willfully infringed their copyrights. The settlement’s higher award — approximately $3,000 per work — likely reflects a smaller pool of affected books, after taking out duplicates and those without copyright.

On Friday, Mary Rasenberger, CEO of the Authors Guild, called the settlement “an excellent result for authors, publishers, and rightsholders generally, sending a strong message to the AI industry that there are serious consequences when they pirate authors’ works to train their AI, robbing those least able to afford it.”

The Danish Rights Alliance, which successfully fought to take down one of those shadow libraries, said Friday that the settlement would be of little help to European writers and publishers whose works aren’t registered with the U.S. Copyright Office.

“On the one hand, it’s comforting to see that compiling AI training datasets by downloading millions of books from known illegal file-sharing sites comes at a price,” said Thomas Heldrup, the group’s head of content protection and enforcement.

On the other hand, Heldrup said it fits a tech industry playbook to grow a business first and later pay a relatively small fine, compared to the size of the business, for breaking the rules.

“It is my understanding that these companies see a settlement like the Anthropic one as a price of conducting business in a fiercely competitive space,” Heldrup said.

The privately held Anthropic, founded by ex-OpenAI leaders in 2021, earlier this week put its value at $183 billion after raising another $13 billion in investments.

Anthropic also said it expects to make $5 billion in sales this year, but, like OpenAI and many other AI startups, it has never reported making a profit, relying instead on investors to back the high costs of developing AI technology for the expectation of future payoffs.

The settlement could influence other disputes, including an ongoing lawsuit by authors and newspapers against OpenAI and its business partner Microsoft, and cases against Metaand Midjourney. And just as the Anthropic settlement terms were filed, another group of authors sued Apple on Friday in the same San Francisco federal court.

“This indicates that maybe for other cases, it’s possible for creators and AI companies to reach settlements without having to essentially go for broke in court,” said Long, the legal analyst.

The industry, including Anthropic, had largely praised Alsup’s June ruling because he found that training AI systems on copyrighted works so chatbots can produce their own passages of text qualified as “fair use” under U.S. copyright law because it was “quintessentially transformative.”

Comparing the AI model to “any reader aspiring to be a writer,” Alsup wrote that Anthropic “trained upon works not to race ahead and replicate or supplant them — but to turn a hard corner and create something different.”

But documents disclosed in court showed Anthropic employees’ internal concerns about the legality of their use of pirate sites. The company later shifted its approach and hired Tom Turvey, the former Google executive in charge of Google Books, a searchable library of digitized books that successfully weathered years of copyright battles.

With his help, Anthropic began buying books in bulk, tearing off the bindings and scanning each page before feeding the digitized versions into its AI model, according to court documents. That was legal but didn’t undo the earlier piracy, according to the judge.





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Alcaraz beats Djokovic at US Open for 3rd Slam final in a row

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NEW YORK (AP) — Carlos Alcaraz used his youth, athleticism and creativity to assert himself against the much more accomplished, but also much older, Novak Djokovic and beat the 24-time major champion 6-4, 7-6 (4), 6-2 at the U.S. Open on Friday for a berth in his third consecutive Grand Slam final.

By the end, Djokovic was “gassed out,” as he described it afterward, and seemed resigned to the result. The 38-year-old from Serbia reached the semifinals at all four Slams this season but exited in that round each time, three via losses to No. 2 Alcaraz, 22, or No. 1 Jannik Sinner, 24.

“It’s frustrating on the court when you are not able to keep up with that level physically, but at the same time, it’s something also expected, I guess,” Djokovic said. “It comes with time and with age.”

Alcaraz will face either defending champion Sinner or No. 25 Felix Auger-Aliassime for the championship on Sunday, when President Donald Trump plans to attend. Sinner is trying to become the first repeat men’s champion in New York since Roger Federer won the hard-court tournament five years in a row from 2004 through 2008.

Alcaraz hasn’t dropped a set as he pursues his sixth major title and second at Flushing Meadows. He defeated Sinner at the French Open in June and lost to his rival at Wimbledon in July.

Go back to April, and Alcaraz is 44-2, making it to the finals at each of his last eight tour-level events.

“It’s something that I’m working on, just the consistency on the matches, on the tournaments, on the year, in general. Just not having up-and-downs in (a) match,” Alcaraz said. “Probably, I’m just getting mature, just getting to know myself much better, what I need on, off the court.”

Alcaraz had lost his two most recent matches against Djokovic — in the gold-medal final at the Paris Olympics last year, and in the Australian Open quarterfinals this January.

“It’s not easy playing against him, to be honest,” Alcaraz said. “I’m thinking about the legend; what he has achieved in his career. It’s difficult not to think about it.”

Djokovic’s bid to become the first player in the sport’s history to get Slam No. 25 was blocked again, and he thinks part of the issue is trying to overcome much younger men in best-of-five set matches.

“I still want to play … (a) full Grand Slam season next year,” Djokovic said. “Let’s see whether that’s going to happen or not, but … Slams are Slams. They are just different from any other tournament. They are the pillars of our sport, the most important tournaments we have. But I do fancy my chances a bit more in best-of-three.”

Alcaraz and Sinner have combined to collect the past seven major championships and nine of the last 12. Djokovic won the other three in that span, most recently at the 2023 U.S. Open.

Djokovic’s shots were not quite on-target early and, but for a brief interlude in the second set, his usual verve was not present. He rolled his eyes after one miss, grimaced after another. At changeovers, he flexed or stretched his neck, which bothered him earlier in the tournament, and also was looked at by a trainer.

There also was the occasional bit of brilliance, including a two-handed backhand passing shot that drew raucous roars from the crowd, which often cried out his nickname, “No-le!” and seemed to want to will him to at least make things more competitive, if not win.

Djokovic celebrated by strutting to his towel box while shaking his right hand over and over, as though to say, “Hoo-boy! How nice was that?”

Djokovic even managed to steal one of Alcaraz’s service games while taking a 3-0 lead in the second set. Might this portend a long, tight match?

Nope. Alcaraz immediately snapped to, taking the next three games, including one scooped cross-court forehand passing winner that was so superb even Djokovic felt compelled to applaud with his racket.

Alcaraz never faced another break point.

“Today, I’d say, it wasn’t the best level of the tournament for me,” said Alcaraz, whose 30 unforced errors were the same as Djokovic’s total, “but I just kept a cool level (from) the beginning until the last point.”

He was wearing a pink, sleeveless shirt and sporting nearly a full head of hair less than two weeks after showing up with a buzz cut he said was necessary when his brother tried to play barber but messed up.

Asked whether he’ll stick with the new look if he wins on Sunday, Alcaraz smiled and replied: “Even better. You will see. … Surprise, surprise.”

___

Howard Fendrich has been the AP’s tennis writer since 2002. Find his stories here: https://apnews.com/author/howard-fendrich. More AP tennis: https://apnews.com/hub/tennis





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