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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.

Berkshire Hathaway, Lloyds of London, Munich Re cover much of Florida market impacted by Hurricane Ian

Berkshire Hathaway's General Re, Lloyds of London, Munich Re, Swiss Re AG, and Allianz Group lead the list of top reinsurers of Florida-only property insurers in assumed premiums, Moody's said Thursday in a research note. Property and casualty insurers such as Universal P&C, Citizens Property Insurance Corp., First Protective and American Integrity will also face losses after Hurricane Ian ripped through central Florida on Wednesday after landing on the west coast of the state as a Category 4 hurricane. It's the largest storm to hit Florida since Hurricane Michael in 2018, which caused estimated losses of $9.1 billion, Moody's noted. "Depending on the severity of losses, primary insurers will most likely share a significant portion of the loss burden with traditional reinsurers and alternative capital providers," Moody's noted. In May, the State of Florida (Aaa stable) created a $2 billion reinsurance fund to provide additional reinsurance capacity to the market. Shares of Berkshire Hathaway fell 2% on Thursday as the broad market declined.

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.


Sellers showing signs of panic on the NYSE, but that's not necessarily a buy signal

Sellers on the New York Stock Exchange (NYSE) are exhibiting panic-like behavior, according to the Arms Index, which is a volume-weighted breadth measure. The Arms (or TRIN) tends to rise above 1.000 when the stock market falls, as the ratio of declining volume to advancing volume exceeds the ratio of the number of declining stocks to the number advancing stocks. With the Dow Jones Industrial Average dropping 576 points, or 1.9%, and the S&P 500 sinking 2.5% in morning trading, the NYSE Arms rose to 2.558, as decliners outnumbered advancers by 16.1 to 1, while declining volume topped up volume by 41.3 to 1. Many on Wall Street interpret a reading of 2.000 as a sign of panic selling, which some view as a contrarian bullish signal, since it suggests capitulation. But the last time the NYSE Arms closed above 2.000 was when the Dow dropped 107.1 points on Sept. 22, and the Dow fell 486 points the next day. Before that, the Arms closed above 2.7988 on Sept. 13 when the Dow slid 1,276 points, but the Dow rose just 30 points the next day before starting a six-day losing streak in which it tumbled 1,885 points. Meanwhile, the Nasdaq Composite shed 3.4%, but the Nasdaq Arms rose to just 1.109.

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.


EIA data show a bigger-than-expected weekly climb in U.S. natural-gas supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 103 billion cubic feet for the week ended Sept. 23. That compared with the average analyst forecast for an increase of 93 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.977 trillion cubic feet, down 180 billion cubic feet from a year ago and 306 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was down 29.2 cents, or 4.2%, at $6.663 per million British thermal units. Prices traded at $6.677 before the supply data.

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 falls 300 points as stocks open sharply lower to resume selloff after Wednesday bounce

Stocks opened lower on Thursday, giving back a chunk of the previous session's bounce, as Treasurys saw a resumed selloff that pushed yields back up. Stocks rose sharply Wednesday, ending a six-day losing streak that had sent the Dow Jones Industrial Average and S&P 500 to their lowest closes since November 2020. The bounce came as global bond yields fell after the Bank of England moved to buy U.K. government bonds to arrest a market meltdown. Yields were back on the rise Thursday, with the 2-year Treasury rate up 9 basis points at 4.19%. The Dow was down 300 points, or 1%, at 29,383, while the S&P 500 dropped 1.4% to 3,669 and the Nasdaq Composite shed 1.8% to trade at 10,848.

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, DeSantis speak on Thursday morning about response to Hurricane Ian

President Joe Biden and Republican Gov. Ron DeSantis of Florida spoke on Thursday morning about "steps the Biden-Harris Administration is taking to support Florida in response to Hurricane Ian, including the issuance of a Disaster Declaration this morning," the White House said in a statement. Biden told DeSantis, who is seen as a potential 2024 presidential candidate, that he is sending his FEMA administrator to Florida on Friday to check in on response efforts and see where additional support is needed, and the president and governor "committed to continued close coordination."

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.


Wind turbine maker Siemens Gamesa to lay off 2,900 workers worldwide

Siemens Gamesa Renewable Energy SA said Thursday it will lay off 2,900 people as the wind turbine maker takes steps to return to a profit in 2024. The company currently lists 27,000 employees on its website. The staff reductions include 800 employees in Denmark, 300 in Germany, 474 in Spain and 50 in the U.K., with further cuts planned in other countries. Siemens Gamesa CEO Jochen Eickholt told Reuters on Tuesday that the company is working to stabilize is 5.X onshore wind turbine production, which has faced higher logistics and metals costs. U.S.-listed shares of Siemens Gamesa are down 28% in 2022, compared to a 22% drop 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.


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.


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