How OpenAI Trimmed $50 Billion off Alphabet’s Market Cap on Monday

The market is up today, but Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) shares traded as much as 2.8% lower in early trading, cutting more than $50 billion off the company’s valuation. The stock recovered slightly but it was still down 2% at 11 a.m. ET.

OpenAI stirs the pot

Artificial intelligence (AI) rival OpenAI is holding an event at 1 p.m. ET today and is expected to release a new product. But it’s not clear what that product will be after CEO Sam Altman tweeted late last week that it wouldn’t be a search engine.

OpenAI and its partner Microsoft have been working to disrupt Google search for years with little success. And with Microsoft now launching services with other AI models, OpenAI needs to find a way to engage both developers and users on its terms. We will see what they introduce,…


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Rivian Stock Has Been on Fire. Is It Too Late to Buy?

The stock of Rivian Automotive(NASDAQ: RIVN) is jumping again on Monday. Shares of the electric vehicle (EV) maker popped as much as 12% in early trading today to start the week. That jump kept the momentum going for Rivian shares.

The stock has soared by more than 30% since mid-April. That move came after the company introduced its next-generation lineup of midsize electric SUVs in March and after a large funding grant from the State of Illinois Department of Commerce and Economic Opportunity. That grant will help Rivian save more than $2.25 billion in capital spending as it expands its Illinois factory to begin building the R2 vehicle platform it announced.

But another tailwind has investors pushing the stock higher today, too.

Looking at the EV landscape

Today’s pop came after reports…


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Euronext Paris Growth Leaders With High Insider Stakes May 2024

Amid a backdrop of rising optimism in European markets, with France’s CAC 40 Index recently climbing by 3.29%, investors are closely watching the potential for policy easing and its implications on market dynamics. In such a context, companies with high insider ownership can be particularly noteworthy, as they often signal strong confidence from those most familiar with the company’s inner workings and future prospects.

Top 10 Growth Companies With High Insider Ownership In France

Name Insider Ownership Earnings Growth
VusionGroup (ENXTPA:VU) 13.3% 25.8%
Groupe OKwind Société anonyme (ENXTPA:ALOKW) 24.8% 37.7%
WALLIX GROUP (ENXTPA:ALLIX) 19.9% 101.4%
La Française de l’Energie (ENXTPA:FDE) 20.1% 37.6%
OSE Immunotherapeutics (ENXTPA:OSE) 25.1% 92.9%
Adocia (ENXTPA:ADOC) 12.9% 104.5%
Icape Holding…

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Alexa House Mission Center dedicated to lost members of the community, will host families experiencing homelessness

ROANOKE, Va. (WDBJ) – Renovations at a local mission center are complete. On Saturday, it was dedicated to three local individuals who passed away.

The Alexa House Mission Center is a safe space for people in the Family Promise program.

It honors the lifes of Alexa Cannon, Daniel Yardley and Rita Magnus. The three lost their lives under tragic circumstances, but now the memories house hope for those facing homelessness.

“It made sense to me that this would be something that might aid in honoring [Alexa’s] memory,” said Cathy Cannon, Alexa Cannon’s mother.

The house is named in honor of Alexa. The house is covered in blue, her favorite color, and decorated with her favorite quotes and pictures she took .

“This was one thing we really loved to do- to volunteer in the church,”…


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Essential Website Hosting Checker Tools You Need to Know About in 2024

INSCMagazine: Get Social!

Do you know where your website is hosted or want to understand your hosting provider’s capabilities? For this purpose, website hosting checker tools offer a comprehensive solution, providing a centralized dashboard to analyze all aspects of your website’s hosting environment. These user-friendly tools allow you to easily check your own website’s hosting details or conduct a competitor analysis to gain valuable insights.

With a website hosting checker, you can quickly identify the hosting provider, nameservers, web server software, DNS provider, IP address, location, and domain age for any site. Additionally, these powerful tools offer features like website speed tests, downtime monitoring, domain availability checkers, and comprehensive SEO audits…


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