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Can Sentient AI Break the Law?

A Google engineer's claims of a sentient chatbot have us wondering: What would happen in criminal law if the 'bots start to think for themselves?

Tesla's Elon Musk Accuses SEC of Harassment, Broken Promises, and Chilling Free Speech

Musk settled with the SEC in 2018 after a tweet landed him and his company in hot water, but now he says the agency failed to uphold its end of the deal.

Texas Sues Meta for Violating State Biometric Privacy Law

Texas Attorney General Ken Paxton filed suit in Texas district court seeking billions in damages for violating state biometric privacy laws.

Jury Finds Theranos Founder Elizabeth Holmes Guilty on Four of Eleven Criminal Charges

Despite warnings that the company's "revolutionary" blood-testing technology did not work, Holmes continued to solicit investors.

Epic Appeals Decision in Fortnite Battle Royale With Apple


Zoom Will Pay Out $85 Million in Settlement Over User Privacy

Zoom has had an incredible year when it comes to subscriptions, but business growth didn't come with a few growing pains. Find out more on FindLaw's Technologist.

Revisiting the Legality of Password Sharing as Netflix Begins to Crack Down

Did you commit a federal crime today? You might have if you logged on to a shared Netflix password.

2021 May Bring Pro-Labor and Unionization Movement in Tech

Is a pro-labor movement about to take hold in tech?

State Attorneys General File New Lawsuit Against Google Over Advertising Tactics

Google has become a major gatekeeper in digital ad sales, but ten state attorneys general have decided it's playing too big a role in the marketplace. Find out more on FindLaw's Technologist.

Federal Court Rejects Challenge to Online Censorship Executive Order

President Trump's executive order seeking to initiate Section 230 reform can stand, a D.C. district court judge has held.

Dick's Sporting Goods to set up Peloton-brand stores inside more than 100 of its retail locations

Dick's Sporting Goods Inc. announced Thursday a partnership Peloton Interactive Inc. , in which the sporting goods retailer will roll out Peloton-branded fitness shops inside more than 100 of its U.S. stores. The rollout is scheduled to begin early in the holiday season. Peloton's stock rose 0.7% in premarket trading while Dick's stock fell 1.5%. The Peloton shops inside Dick's Sporting Goods stores will sell Peloton hardware products, including Bike, Bike+, Tread and Guide, as well as certain accessories. "Outside of Peloton's owned sales channels, Dick's will be the only retailer to carry this selection of Peloton's connected fitness equipment," the companies said in a statement. Shares of Peloton have dropped 12.8% over the past three months and Dick's soared 52.6%, while the S&P 500 has slipped 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Brookfield Renewable Partners buys pair of renewable portfolios for up to $2 bln investment

Brookfield Renewable Partners LP said Thursday it will invest up to $2 billion in two renewable energy portfolios in the U.S. Brookfield Renewable will pay $1 billion and invest an additional $270 million to acquire Scout Clean Energy, which owns more than 1,200 MW of operating wind assets and a pipeline of over 22,000 MW of wind, solar and storage projects in 24 states. Brookfield Renewable also announced the acquisition of Standard Solar for $540 million with the potential to invest an additional $140 million to support business' growth initiatives. Standard Solar has about 500 MW of operating and under construction contracted assets and a development pipeline of about 2,000 MW, as well as "significant growth opportunities across several high value solar markets in the U.S., such as New York, Maryland, Minnesota and Maine," the company said. Brookfield Renewable Partners shares are down 10.6% in 2022 compared to a 22% loss by the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Alibaba stock drops after J.P. Morgan cuts price target, turns cautious on revenue outlook

Shares of Alibaba Group Holding Ltd. dropped 2.8% in premarket trading Thursday, after J.P. Morgan analyst Alex Yao said he turned "cautious" on the China-based e-commerce giant's fiscal second-quarter revenue outlook, citing "weak China consumption." Yao reiterated the overweight rating on the stock but cut the price target to $135 from $145.Yao expects "limited improvement" in core customer management revenue (CMR) from the first quarter given the resurgence of COVID in a wide range of cities in China, and expects deceleration in year-over-year cloud revenue growth. At the same time, Yao sees "potential upside" to earnings estimates given the company's commitment to cost savings and efficiency improvements. But Yao believes rather than earnings, revenue recovery is the key determinant of market sentiment. "As a result, Alibaba's weakening revenue outlook in the near term could continue to weigh on the share price despite an unchanged, or even potentially better, profit outlook," Yao wrote in a note to clients. The stock has tumbled 30.2% over the past three months through Wednesday, while the iShares China Large-Cap ETF has dropped 21.0% and the S&P 500 has slumped 22.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Aluminum prices, Alcoa jump on report LME could ban Russian metal

Aluminum prices on the London Metal Exchange soared on a report the exchange is taking a step to ban supplies from Russia. Aluminum rose 8% to $2294.50 per metric ton as Bloomberg News reported the exchange plans to launch a discussion paper on whether to block supplies of Russian metal to its warehouses. Nickel prices rose 3%. Alcoa shares jumped 7% in premarket trade.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Axcella's stock is up 10% after sharing new data for its NASH treatment

Shares of Axcella Therapeutics Inc. gained 10.9% in premarket trading on Thursday after the biotech said its experimental treatment for nonalcoholic steatohepatitis (NASH) showed statistically significant improvement in liver stiffness at 24 weeks. The Phase 2b trial is ongoing. The company expects to have topline data from the 48-week mark by the first half of 2024. Axcella's stock is down 17.2% this year, while the broader S&P 500 has declined 21.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Worthington Industries to separate into two publicly-traded companies in 2024

Worthington Industries Inc. said Thursday its board approved a plan to separate the company's steel processing business into a new public company, through a distribution of stock in the business. The Columbus, Ohio-based industrial company said the steel processing separation is expected to be tax-free to shareholders when it takes place as expected in early 2024. Worthington's core business will focus on consumer products, building products and sustainable energy solutions. The units generated $1.3 billion in revenue in 2022. Its steel processing business generated $3.9 billion in sales in fiscal 2022. Worthington's Chief Operating Officer Geoff Gilmore will be CEO of Worthington Steel, to be based in Columbus, Ohio. New Worthington will continue to be led by Andy Rose. Shares of Worthington are down 10.2% in 2022, compared to a 22% loss by the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


High Tide buying two Jimmy's Cannabis Shop locations in British Columbia

Canadian cannabis company High Tide Inc. said Thursday it agreed to pay C$5.3 million ($3.88 million) to acquire two retail stores in British Columbia from seller 1171882 B.C. Ltd., operating as Jimmy's Cannabis Shop BC. The stores, one in Cranbrook and the other in Prince George, generated C$5.4 million in annualized revenue for the trailing four months ended May 31. Shares of High Tide are down 64.4% in 2022, compared to a 65.2% drop by the Cannabis ETF .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Rite Aid stock slides 11% premarket after company posts bigger-than-expected Q2 loss

Rite Aid Corp. stock slid 11% in premarket trade Thursday, after the pharmacy retail chain posted a wider-than-expected loss for its fiscal second quarter as it booked goodwill impairment charges on its pharmacy services segment as well as charges for higher facility exit and store closures. The company had a net loss of $331.3 million, or $6.07 a share. for the quarter to Aug. 27, wider than the loss of $100.3 million, or $1.86 a share, posted in the year-earlier period. Adjusted per-share loss came to 63 cents, ahead of the loss of 50 cents forecast by FactSet analysts. Revenue fell to $5.901 billion from $6.113 billion a year ago, but was ahead of the $5.773 billion FactSet consensus. "As we look to the second half of the year, we expect continued pressure on consumer spending and supply chain challenges," CEO Heyward Donigan said in a statement. "At the same time, we are ready to meet a high demand for immunizations, while driving continued strong performance at Elixir and further SG&A expense reductions." The company is sticking with revenue guidance for fiscal 2023 of $23.6 billion to $24.0 billion, but is expecting a bigger loss -- of $520.3 million to $477.3 million. Shares have fallen 52% in the year to date, while the S&P 500 has fallen 22%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


CarMax stock sinks after big profit miss, as 'affordability challenges' lead to sharp sales decline

Shares of CarMax Inc. tumbled 9.7% toward a more than two-year low in premarket trading Thursday, after the used vehicle retailer reported fiscal second-quarter profit that fell well below expectations, as "affordability challenges" led to sales falling "sharply" in the final months of the quarter. Net income for the quarter to Aug. 31 fell to $125.9 million, or 79 cents a share, from $285.3 million, or $1.72 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.39. Sales increased 2.0% to $8.14 billion, below the FactSet consensus of $8.54 billion, as vehicle unit sales fell 10.3% to 376,616 but average used vehicle prices increased 9.6% to $28,657 and average wholesale vehicle prices jumped 17.0% to $10,179. Comparable-store used vehicle unit sales dropped 8.3%, compared with the FactSet consensus for a 3.6% decline. "We believe a number of macroeconomic factors impacted our second quarter unit sales performance, such as vehicle affordability challenges that stem from widespread inflationary pressures, as well as climbing interest rates and low consumer confidence," the company said in a statement. The stock has tumbled 33.6% year to date through Wednesday, while the S&P 500 has dropped 22.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fans traveling to World Cup in Qatar are not required to be vaccinated against COVID but must show negative test

The more than one million fans expected to travel to Qatar for this year's World Cup are not required to be vaccinated against COVID, but they must show a negative result from a PCR test taken in the 48 hours before arriving, according to the Qatari authorities. Quarantine is also no longer mandatory for travelers arriving from overseas, but those who test positive on arrival will be obliged to self isolate. Citizens and residents of Qatar from the age of six and above must take a Rapid Antigen Test within a period of 24 hours of arrival in Qatar. The tournament kicks off on Nov. 20 and will run through Dec. 18.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Coronavirus tally: Global case tally falls 11% in latest week as fatalities decline by 18%

The global tally of COVID cases fell 11% in the week through Sept. 25 from the week earlier, while the number of fatalities fell 18% to just over 8,900, the World Health Organization said in its latest weekly update. The BA.5 omicron subvariant continued its dominance, accounting for 81.2% of cases sequenced and entered into a global database, the agency said. "There continues to be increased diversity within Omicron and within its descendent lineages. A number of these Omicron descendent lineages are under monitoring," said the update. In the U.S., known cases of COVID are continuing to ease and now stand at their lowest level since late April, although the true tally is likely higher given how many people are testing at home, where the data are not being collected. The daily average for new cases stood at 48,806 on Wednesday, according to a New York Times tracker, down 22% from two weeks ago. The daily average for hospitalizations was down 14% at 28,765, while the daily average for deaths is down 12% to 404. Globally, the confirmed case tally rose above 616.6 million on Thursday, according to data aggregated by Johns Hopkins, while the death toll is above 6.54 million with the U.S. leading the world with 96.2 million cases and 1,058,506 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Johnson Outdoors raises quarterly cash dividend by to 31 cents a share vs. 30

Johnson Outdoors Inc. said Thursday its board has approved an increase in its quarterly cash dividend that will raise the payment for Class A shareholders to 31 cents a share from 30 cents previously. The outdoor recreation products company's stock was not yet active premarket, but has fallen 45% in the year to date, while the S&P 500 has fallen 22%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


NATO says all available information points to sabotage as reason for Nord Stream leaks

A statement from the North Atlantic Treaty Organization said all "currently available information" points to the damage of the Nord Stream 1 and 2 pipelines as the result of "deliberate, reckless, and irresponsible acts of sabotage." NATO did not identify a perpetrator. "We, as Allies, have committed to prepare for, deter and defend against the coercive use of energy and other hybrid tactics by state and non-state actors. Any deliberate attack against Allies' critical infrastructure would be met with a united and determined response."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Occidental Petroleum shares steady after Berkshire Hathaway's latest purchase

Occidental Petroleum shares were steady in premarket trade after a Securities and Exchange Commission filing showed that Warren Buffett's Berkshire Hathaway bought another 6 million shares, for roughly $360 million. Berkshire Hathaway now has a 21% stake in Occidental, whose shares have surged 112% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


XPO Logistics files for freight brokerage business spinoff

XPO Logistics Inc. said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end. "Our Form 10 public filing is a key step forward in the process of creating two publicly traded transportation powerhouses," XPO Chief Executive Brad Jacobs said in a statement. RXO will be the fourth-largest U.S. truckload broker, Jacobs said. A so-called Form 10 IPO is a way of taking a company public outside of the more usual pathway through an S-1 registration. International Business Machines Corp. went that route with the spinoff of its information technology services Kyndryl Holdings Inc. last year. In a presentation to investors in March, XPO said that the brokered transportation business hit revenue of $4.8 billion and operating income of $226 million in 2021. Shares of XPO edged lower in the extended session Wednesday after ending the regular trading day up 5.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Starbucks boosts dividend by 8%

Starbucks Corp. announced Wednesday that it was boosting its quarterly dividend to 53 cents a share from 49 cents a share. The new dividend takes effect with the payment that's set to be distributed Nov. 25. It applies to shareholders of record as of Nov. 11. The 8% dividend increase lifts Starbucks' annual payout to $2.12 a share. The stock was up 0.1% in after-hours trading Wednesday after rising 3.4% in the regular session. It's lost 26% so far this year as the S&P 500 has dropped 22%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Dow posts 600-point gain Wednesday, stocks jump from bear-market lows

The Dow and S&P 500 snapped a six-session skid on Wednesday as equities rallied sharply and bond yields retreated after the Bank of England took a surprising U-turn with a new plan to buy U.K. government debt. The Dow Jones Industrial Average rose about 548 points, or 1.9%, ending near 29,683, ending a six-session decline, according to Dow Jones Market Data. The S&P 500 index advanced 2% and the Nasdaq Composite Index jumped 2.1%. A decision tobuy unlimited amounts of U.K. long-dated government debt came after the pound fell to a record low after last Friday's U.K. budget announcement which sent bond yields soaring. The Dow entered its first bear market this week since 2020 as investors worried about the Federal Reserve's aggressive tightening cycle and recession fears.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. stocks rebound from new bear market lows, with Dow jumping over 550 points, S&P 500 aiming to snap longest losing streak since February 2020 in final hour of trade

U.S. stock indexes traded higher in the final hour of trading on Wednesday with Dow climbing over 550 points and S&P 500 attempting to snap its longest losing streak since February 2020. The Dow Jones Industrial Average advanced by 2% and the S&P 500 gained 2.1%, while the Nasdaq Composite rose 2.1%. The rally received some support from a sharp fall in Treasury yields and the surprise intervention from the Bank of England to help stabilize roiling markets following last Friday's government budget announcements. The U.K. central bank Wednesday committed to buying long-term bonds and "restoring orderly market conditions".

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. oil futures settle back above $80 a barrel as Hurricane Ian disrupts Gulf output

Oil futures rallied on Wednesday, with U.S. prices settling above $80 a barrel for the first time in nearly a week as Hurricane Ian led to a slowdown in production in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement reported Wednesday that in response to the storm, 9.12% of oil production and 5.95% of natural-gas output in the Gulf has been shut in. That was, however, lower than shut ins of 11% of Gulf oil output and 8.56% of natural-gas output on Tuesday. November WTI crude rose $3.65, or nearly 4.7%, to settle at $82.15 barrel on the New York Mercantile Exchange. October natural gas , which expired at the end of the session, rose 3.3% to settle at $6.868 per million British thermal units.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Biden had late congresswoman 'top of mind' when he called out for her at event, White House says

President Joe Biden had a recently deceased congresswoman at "top of mind" when he called out for her at an event on Wednesday, White House spokeswoman Karine Jean-Pierre said. While giving opening remarks at a conference on hunger and nutrition, Biden asked, "Jackie, are you here? Where's Jackie," referring to the late Rep. Jackie Walorski, an Indiana Republican who died in a car crash in August. The congresswoman was a member of the House Hunger Caucus, and Biden was "acknowledging her incredible work," Jean-Pierre said. One Republican member of the House called Biden's misstatement an "awful and disgraceful blunder."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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