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Mark Cuban backs Skylight, a TikTok alternative built on Bluesky's underlying technology

Skylight, a startup taking on TikTok with a more open alternative, is launching its mobile app to the public on Tuesday after just 10 weeks of active development. The app, which is backed by Mark Cuban and others, is now one of many to build on top of the AT Protocol -- the same technology that underpins the social network Bluesky and a growing number of other apps. Developed by co-founders Tori White (CEO) and Reed Hermeyer (CTO), Skylight offers a short-form video app experience with many fami

TechCrunch 2 hours ago

If AI doesn't kill your company, it will make it stronger, study shows

If a company can survive the upheaval caused by the adoption of artificial intelligence, AI will help it thrive in the longer run, a study presented at a European Central Bank conference has found. Its authors, who used data from the U.S. Census Bureau and surveys covering the period between 2017 and 2021, found early adopters of AI in the manufacturing sector saw their productivity drop as they replaced human workers with robots. "In the short term, we see a lot of pain," Kristina McElheran, one of the authors of the paper, told the conference.

US LNG exports soar in March on ramp up of Plaquemines plant

In March the U.S. exported 9.3 MT of LNG, smashing the December 2023 record of 8.6 MT, as production was buoyed by the ramp up Phase 1 of Venture Global Inc's 3.2-bcfd Plaquemines LNG plant, under construction in Louisiana, LSEG data showed. Plaquemines on Tuesday was pulling 2.136 billion cubic feet (bcf) of gas, a new record for the plant, just over three months after producing first LNG, according to LSEG. The plant is producing at 140% of its design capacity, according to a note to customers from investment banker Tudor Pickering Holt & Co on Tuesday, and exported 0.82 MT, or 9%, of total U.S. exports last month, LSEG data showed.

What 'Magnificent 7' stocks need to show to revive the trade

Is it time to buy the Magnificent Seven after a rough quarter?

OPEC+ members to meet Thursday, likely to stick to planned output hikes, sources say

DUBAI/LONDON/MOSCOW (Reuters) -OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to approve a further hike in production from May, sources from the producer group told Reuters. Eight members of OPEC+, a group that includes the Organization of the Petroleum Exporting Countries and allies led by Russia, are scheduled to raise oil output by 135,000 barrels per day in May. OPEC+ is simultaneously pressuring other producers that have exceeded their output targets to rein in output and pump below target for a time to compensate.

What 'Magnificent 7' stocks need to show to revive the trade

Is it time to buy the Magnificent Seven after a rough quarter?

Why Microsoft stock is getting a top-pick stamp from this analyst

The sell-off in Microsoft looks overdone, one Wall Street analyst contends.

AMD CEO Lisa Su: Trump tariffs could have 'short term' impact on chips

AMD CEO Lisa Su sends a mild warning on the impact of tariffs on semiconductors.

AMD CEO Lisa Su to Yahoo Finance: Demand for AI infrastructure is 'immense'

AMD CEO Lisa Su pushes back on the AI slowdown narrative.

TikTok's days are numbered as ban nears

TikTok will go offline on April 5 unless it's sold.

Nvidia stock drops, tech leads markets lower after Trump backs broader reciprocal tariffs

Nvidia stock fell more than 4% premarket Monday after US President Trump said he won’t be granting any countries softer treatment when it comes to reciprocal tariffs.

How Trump tariffs would push Big Tech's AI data center costs higher

Big Tech is set to spend hundreds of billions of dollars in capital expenditures and investments this year, much of which will be directed toward building giant data centers around the US to power artificial intelligence. But Trump's tariffs would push those costs higher, analysts told Yahoo Finance.

The legal problems facing a new Trump TikTok rescue — and why they may not matter

A TikTok rescue reportedly being pursued by President Trump may not fully cut ties between the social media app and its Chinese parent company. But such a deal may survive any challenges due to how the US law was written — and the hold that Trump has over the GOP-controlled Congress.

CoreWeave stock seesaws, ends flat after IPO in AI trade test

The AI cloud computing provider CoreWeave made its debut on the Nasdaq Friday under the ticker CRWV. The stock fell around 6% immediately after shares began trading but pared losses to end the trading session.

Trump is set on tariffing chips. It’s not so simple.

President Trump's plan to put 25% tariffs on chips isn't as easy as it might sound.

Activists step up demands on companies globally in Q1, focus on US corporations

NEW YORK (Reuters) -Corporate agitators increased pressure on companies globally to perform better by targeting more of them worldwide during the first quarter, with most demands for change directed at U.S. corporations, according to new data from Barclays. Companies including oil major BP and ride-share company Lyft were pushed to make changes by activist investors such as Elliott Investment Management, Mantle Ridge and Starboard Value in the first quarter when the number of global campaigns increased by 17% to 70. "We are in a phase where activists continue to take advantage of all the uncertainties," said Jim Rossman, global head of shareholder advisory at Barclays.

Why Microsoft stock is getting a top-pick stamp from this analyst

The sell-off in Microsoft looks overdone, one Wall Street analyst contends.

Demis Hassabis on Isomorphic’s $600 million raise, AI, and healthcare’s future

Demis Hassabis, cofounder of DeepMind and 2024 Nobel Laureate, talks to Fortune about his AI drug discovery startup, Isomorphic Labs.

Morning Bid: New quarter, same problems

I'll explain what else is moving markets this morning and then discuss how Germany's debt reforms may require reshaping some of the rules governing the euro. * China and Russia are "friends forever, never enemies," Chinese Foreign Minister Wang Yi said in remarks published on Tuesday during a visit to Moscow in which he also welcomed signs of normalising ties between Washington and Moscow. * Shares in the major drug companies have come under pressure after reports that the Food and Drug Administration's top vaccine official has been forced to resign as part of the Trump administration's overhaul of federal government.

Boeing denies fluctuations in 737 MAX jet production

Boeing on Tuesday denied a media report of fluctuations in 737 MAX production, saying that output had not reached 38 per month so far this year and nor had production recently fallen. Industry publication The Air Current reported earlier that the widely watched production level for Boeing's best-selling jet had reached 38 planes in February only to fall back to a rate of 31 per month after delays in fitting wing systems.