AI Job Destruction Accelerates
Earnings calls have become increasingly outlets for CEOs to say they need fewer people because of AI. Or, they may need fewer people, but are not sure. Or, their AI will make the people…
All Work
Douglas A. McIntyre
Amazon Starts To Run Low On Cash
The question is not whether Amazon (NASDAQ: AMZN | AMZN Price Prediction) will run low on cash. The question is how low. Some of the other mega-cap tech companies have similar problems, but only…
Investors Should Dump Snap Stock As Fast As They Can
Snap (NASDAQ: SNAP | SNAP Price Prediction), owner of Snapchat, just posted another trainwreck of a quarter. The stock is down almost 35% this year, 29% over the last year, and 89% over the…
April Job Cuts Surge 38% On AI Downsizing
According to the job research firm Challenger, Gray & Christmas, job cuts rose 38% in April compared to March. Much of this was blamed on AI-driven layoffs. The April number reached 83,387. The number…
Ford Exits EVs As Toyota Move In
Ford (NYSE: F) left the EV business for dead earlier this year. It does appear it will enter again, on a small scale, next year. At the same time, Toyota (NYSE: TM), which sells…
Lucid Shares Ruined By New CEO
Lucid (NASDAQ: LCID | LCID Price Prediction) has had enough trouble selling vehicles and explaining billion-dollar losses. Its new CEO made Wall St.’s perception of Lucid’s prospects even worse. He said he needs to…
Apple Hammers The Competition
The gold standard of smartphone industry research is CounterPoint. It recently released its report on global first-quarter sales. One point is that the top 10 brands accounted for 25% of the market. The real…
Ford’s New EV Plan Already Doomed
The Wall Street Journal asked Hyundai Motor CEO José Muñoz if American car companies can make EVs to compete with Chinese ones. “It is impossible, unless they are subsidized by the government,” he said.…
Don’t Fly To Buffalo Or LA
JetBlue (NASDAQ: JBLU) has a section of its website that reads, “If you are traveling to or from one of these areas, you may choose to rebook your flight into a nearby airport.” The…
Joe Rogan’s Audience Is 10 Times More Than Anderson Cooper’s
Here is the absolute core of Paramount’s (NASDAQ: PSKY) problem with the news channels it gets in its Warner Bros. Discovery buyout. Ancerson Copper is, by many measures, the most-watched show on CNN, which…
Inflation Could Soar To 10%
It is instructive to look back at the CPI from June 2022. Inflation hit 9.1% year over year. That was the highest increase since November 1981. According to the BLS release, “The increase was…
Apple Proves AI Doesn’t Matter
Apple (NASDAQ: AAPL | AAPL Price Prediction) noted three things when it announced earnings and on its earnings call. iPhone sales have taken off like a rocket. Its financial forecasts showed ongoing strength, which…
AI Data Center Spending Rushes Toward $800 Billion
As Microsoft (NASDAQ: MSFT | MSFT Price Prediction), Meta, Alphabet, and Amazon (NASDAQ: AMZN) announced earnings, they reiterated the amounts they would spend on AI data centers, and some said they were committed to…
In A Victory, Gemini Put In Four Million GM Cars
In an industry where distribution is a key measure, GM (NYSE: GM | GM Price Prediction) says it will put Google’s Gemini in 4 million cars. Unlike other voice-controlled systems, Gemini will integrate sophisticated…
Amazon Pulls The Mag 7 Higher
Amazon (NASDAQ: AMZN | AMZN Price Prediction) is up over 13% this year, which is the best advance of any of the Mag 7. It would seem the company is not at the forefront…
The Genius Of McDonald’s
Aside from its performance as the largest fast-food company in America, McDonald’s (NYSE: MCD) has a genius for marketing and managing its menu. Among its packaging options is its under-$3 menu, aimed, at least…
Rivian CEO Makes $403 Million
Rivian (NASDAQ: RIVN | RIVN Price Prediction) CEO RJ Scaringe made $403 million last year. Given the EV company’s financial results and the fact that the stock is down to the point it has…
Cars So Hot, They Are Flying Off The Lot
“Days to turn.” “Days on lot.” “Market Day Supply”. Each shows how long it takes to sell a car, measured in days, from the time it is delivered to the dealer. CarEdge defines it.…
Musk’s Net Worth Races Toward $1 Trillion
Elon Musk’s net worth has jumped $26 billion this year to $645 billion. And this is before it is clear what SpaceX’s value will be when it goes public. It has been put at…
Lucid Crashes To 52-Week Low
Lucid (NASDAQ: LCID | LCID Price Prediction) traded as low as $6.22, which is its 52-week low. The high for the period is $33.70, which it reached last July. Over the last year, the…