Author: Jeffery Carter

(Bloomberg) — Stocks in Asia drifted at the start of the week as traders refrained from making riskier bets after lackluster economic data spurred a selloff on Wall Street. The dollar declined against its peers, notably the euro. Most Read from Bloomberg Benchmarks in Hong Kong and mainland China, which got a lift from technology stocks this year, traded in tight range. A gauge of Asian equities edged lower after hitting a four-month high Friday. US equity index futures advanced, as did contracts on Germany’s benchmark stock index after the conservative party came in first in the country’s federal election.…

YouTube Shorts is integrating with Google DeepMind’s latest video model, Veo 2, allowing creators to generate AI video clips for their posts. Veo 2 is Google’s response to Sora, OpenAI’s text-to-video generator. YouTube, owned by Google, already allowed creators to generate AI backgrounds for their Shorts with a text prompt through a feature called Dream Screen. But Veo 2 will allow creators to generate standalone video clips to add to any of their Shorts. According to a blog post by YouTube Director of Product Dina Berrada, these AI tools will run faster than before. “Veo 2 understands real-world physics and…

A flag outside of the U.S. Agency for International Development (USAID) headquarters is seen on February 03, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesThe Trump administration said Sunday that it is eliminating 2,000 positions at the U.S. Agency for International Development and placing all but a fraction of other staffers worldwide on leave.It comes after a federal judge on Friday allowed the administration to move forward with pulling thousands of USAID staffers off the job in the United States and around the world. U.S. District Judge Carl Nichols rejected pleas that came in a lawsuit from employees to keep…

Check out the companies making headlines before the bell: Celsius Holdings — The energy drink maker skyrocketed more than 31% after surpassing expectations for fourth-quarter earnings and entering an agreement to acquire Alani Nutrition in a cash and stock deal. Celsius earned an adjusted 14 cents per share on $332 million in revenue, while analysts polled by LSEG penciled in 11 cents in earnings per share and $326 million in revenue. Dropbox — Shares of the cloud software company fell more than 9% on mixed quarterly results. Block reported a non-GAAP gross margin of 83.1% in the fourth quarter, in…

The Oscars’ best actress category is one that’s made quite a bit of history for almost a century. It might make more come March 2.In 2002, “Monster’s Ball” lead Halle Berry became the first woman of color to take the gold. In 2023, “Everything Everywhere All at Once” star Michelle Yeoh was named the first Asian best actress winner. And if Karla Sofía Gascón can overcome a mountain of bad press and worse tweets, the “Emilia Pérez” star could become the first trans performer to win.One thing is for certain in an Academy Awards category that’s included icons (Meryl Streep)…

A consortium of 14 publishers including Condé Nast, The Atlantic, and Forbes have filed a lawsuit against Cohere alleging that the generative AI startup has engaged in “massive, systematic” copyright infringement. In the complaint, the publisher plaintiffs accuse Cohere of using at least 4,000 copyrighted works to train its AI models and display large portions of articles — and even entire articles — for users, harming the publishers’ referral traffic. The suit also alleges that Cohere infringed on publishers’ trademarks by “hallucinating” content that wasn’t actually published by the outlets. In a statement, Josh Gartner, head of communications at Cohere,…

WASHINGTON, Feb 23 (Reuters) – Multiple U.S. agencies have told employees not to respond immediately to a demand by President Donald Trump’s adviser Elon Musk to list their accomplishments in the past week or be fired, as a chaotic campaign to cull the federal workforce pushes forward.Trump administration-appointed officials at the FBI and State Department sent their staff emails telling them not to respond outside their chains of command – a possible sign of tension between members of the Republican administration and the world’s richest person in his campaign to slash the 2.3 million-strong federal civilian workforce.”The FBI, through the office of the director, is in charge of…

Melbourne, Australia, at night.James O’Neil | Getty ImageAsia-Pacific markets fell Thursday, as investors weighed U.S. President Donald Trump’s proposed tariffs on autos, chips and pharmaceutical imports as well as the Federal Reserve potentially keeping rates higher for longer.Trump, who said the duties could be implemented as soon as April 2, did not specify whether they will be targeted at imports from certain countries or be broad-based.Japan’s benchmark Nikkei 225 and broader Topix index ended the day in negative territory for the second day. The Nikkei 225 closed 1.24% lower at 38,678.04, while the broader Topix index fell 1.18% to 2,734.60.The yen rose to a…

The countdown is on with Alex Ovechkin just 13 goals from overtaking Wayne Gretzky as the NHL’s career goal leader – a mark that once seemed unsurmountable and earned Gretzky the nickname The Great One.The Great Eight, as the Washington Capital is sometimes called, began the season 41 goals behind Gretzky’s 894. But, perhaps, numbers fall short of conveying how dominant the two players’ careers have been.From goals to points, our series of charts below — based on NHL and Hockey Reference data — show the gulf that Gretzky and Ovechkin have created between themselves and their contemporaries as they…

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I have asked around my circles and can’t seem to get a straight answer on why Nvidia’s (NVDA) stock looks so cheaply valued on a price-to-earnings multiple basis. So, I am coming to you for answers — drop them to me on X @BrianSozzi. What am I missing with Nvidia? Let’s discuss! I caution this is not me suggesting a Nvidia buying spree heading into earnings on Feb. 26. Yahoo Finance isn’t a stock trading platform or investment…