Author: Jeffery Carter

GoPro’s (NASDAQ:GPRO) Q4 Sales Top Estimates But Stock Drops Action camera company GoPro (NASDAQ:GPRO) reported Q4 CY2024 results exceeding the market’s revenue expectations , but sales fell by 32% year on year to $200.9 million. On the other hand, next quarter’s revenue guidance of $125 million was less impressive, coming in 8.8% below analysts’ estimates. Its non-GAAP loss of $0.09 per share was 21.7% above analysts’ consensus estimates. Is now the time to buy GoPro? Find out in our full research report. Revenue: $200.9 million vs analyst estimates of $199.2 million (32% year-on-year decline, 0.8% beat) Adjusted EPS: -$0.09 vs…

A new Mac app called RPLY launches today, designed to help texters achieve “inbox zero” on iMessage.  Targeting those who often forget to reply and leave their friends on delivered for days, RPLY utilizes AI to identify missed texts and suggests responses to prevent users from unintentionally ghosting. The AI assistant can automatically respond to messages in a user’s inbox that have not received a reply for over 24 hours. RPLY is the brainchild of Molly Cantillon, a 21-year-old Stanford dropout who created NOX, a personalized AI assistant for iOS backed by OpenAI’s startup fund. “RPLY was built to handle…

The European Union has published guidance on what constitutes an AI system under its new AI Act. The risk-based framework for regulating applications of artificial intelligence came into force last summer — with the first compliance deadline (on banned use cases) kicking in last weekend. Determining whether a particular software system falls within the act’s scope will be a key consideration for AI developers — with the risk of fines of up to 7% of global annual turnover for breaches. The Commission’s 13-page guidelines are likely to be closely parsed by companies. That said, as with EU guidance on prohibited…

In a bid to boost its subscription service and attract more paying users, Snapchat is rolling out additional features for Snapchat+ subscribers, including allowing Snapchat+ subscribers to create AI-generated stickers in chats. The social media company is also adding the option to send self-destructing Snaps. Snapchat+ subscribers in the U.S. can now create and send custom stickers that are generated to match their message. To do so, start typing in the chat bar and then select the sticker search button, where you’ll find an AI-generated sticker that includes the text. It’s worth noting that Snapchat isn’t the only company that…

Google on Thursday announced that effective this week, it will begin adding a digital watermark to images in Photos that are edited with generative AI. The watermark applies specifically to images that are altered using the Reimagine feature found in Magic Editor on Pixel 9 devices. Announced in 2024, Reimagine utilizes generative AI to alter aspects of a digital photo. Like other Magic Editor features, it’s designed for touching up images shot on-device. That use of AI has opened Reimagine up to far more dramatic image edits, blurring the line between digital photos and fully AI-generated shots. As generative AI…

People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025.Adek Berry | AFP | Getty ImagesChina has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s trade war. China added PVH Corp. to its “unreliable entities” list on Tuesday, which allows the Chinese government to fine the retailer, prohibit import and export activities, revoke work permits, and deny employees the ability to enter the country, among other deliberately vague powers. While China’s Ministry of Commerce…

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous years.While still challenging, with U.S. joblessness jumping to 10% and a 33% drop in home prices, the 2025 exam has smaller spikes in unemployment and smaller declines in stock and real estate values than previous versions, Jason Goldberg of Barclays said Thursday in a note titled “2025…

President Donald Trump’s press secretary, Karoline Leavitt, is interviewed by Fox News on the first full day of Trump’s second term, at the White House, in Washington, D.C., Jan. 21, 2025.Chip Somodevilla | Getty ImagesThe White House on Friday sought to blame former President Joe Biden for lower-than-expected U.S. job gains in January, using the new numbers to argue that President Donald Trump has inherited an ailing economy and temper expectations about inflation.The Labor Department’s latest monthly nonfarm payrolls report, which uses the week that includes the 12th of the month for its survey period, showed a mixed picture.While the 143,000 rise…

President Donald Trump’s agenda is hitting speed bumps on Capitol Hill, as Republican infighting over spending levels threatens to halt a massive package of tax cuts, energy policy, health care and border security funds.Speaker Mike Johnson, R-La., initially said his conference would take the first steps this week to move the bill. But as the week progressed, Republican lawmakers realized they would miss that deadline, as fiscal hawks said they could not support the massive package without more spending cuts.”We’re stuck in the mud,” Rep. Byron Donalds, R-Fla., told CNBC as he left a meeting of House Republicans on Wednesday.…

A federal judge in Boston on Thursday paused nationwide the Trump administration’s offer of buyouts to federal employees, less than 11 hours before the deadline for workers to accept the deal.Judge George O’Toole Jr., said his injunction pausing the plan would continue until at least a court hearing Monday, when he will consider arguments by employee unions challenging the legality of the buyout, and by a lawyer for the Trump administration defending the plan.O’Toole’s order Thursday came at a brief hearing, and as more than 60,000 people — about 3% of the federal workforce — have accepted the offer.He said…