Public spat between Musk and Trump; Search continues for Travis Decker
PHOENIX - From the online spat involving President Trump and Elon Musk to the first day of Lori Vallow Daybell's second and final trial in Arizona, here's a look at some of the top stories on FOX10Phoenix.com for Thursday, June 5, 2025.
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Yahoo
23 minutes ago
- Yahoo
S&P 500 Gains & Losses Today: J.M. Smucker Stock Sinks, Tesla Shares Recover
The S&P 500 added 0.6% on Tuesday, June 10, 2025, as investors awaited developments in trade negotiations between the U.S. and China. Tesla shares moved higher as social media posts from CEO Elon Musk promoted the company's upcoming robotaxi launch. Declining sales of sweet baked goods weighed on the performance J.M. Smucker, and shares of the food maker U.S. equities indexes climbed Tuesday as trade representatives from the U.S. and China engaged in talks for a second straight day. Both the S&P 500 and the Nasdaq ended the session with gains of around 0.6%, while the Dow was up 0.3%. Read Investopedia's full coverage of the day's trading here. Intel (INTC) shares surged nearly 8%, gaining the most of any stock in the S&P 500. Shares of other semiconductor makers also moved higher as the U.S.-China talks bolstered hopes for looser export restrictions. Although Apple (AAPL) said it will end support next year for Mac computers built with Intel's processors, providing more evidence of the transitional period faced by the chipmaker, analysts have expressed confidence in the ability of CEO Lip-Bu Tan, who took the reins of in March, to drive a turnaround at Intel. Caesars Entertainment (CZR) shares jumped 5.7%. TD Cowen analysts reiterated a "buy" rating on the casino operator's stock, noting that the company's loyalty program has helped drive entertainment, food and beverage, and lodging revenues to supplement its traditional earnings from gaming operations. The analysts also pointed to potential growth in its digital business. Tesla (TSLA) stock also added 5.7% as social-media posts from CEO Elon Musk hinted at the impending launch of the company's autonomous ride hailing service in Austin, Texas. Tuesday's move higher extended a recovery for the stock that kicked into gear during the previous session as tensions appeared to ease between Musk and President Donald Trump. Warner Bros. Discovery (WBD) shares advanced 5%, a day after the media conglomerate announced plans to split into two companies. One entity will house Warner's TV and movie studios along with the HBO Max streaming service, while the other will be home to its cable channels and the Discovery+ streaming service. The stock initially surged following the Monday-morning announcement, gave back those gains to end Monday's session lower, and then rose again today. Food maker J.M. Smucker (SJM) reported lower-than-expected sales for its fiscal fourth quarter of 2025, and its profit guidance for fiscal 2026 also came in below expectations. The maker of Folgers coffee and Uncrustables handheld sandwiches said that volume/mix impacts contributed to a year-over-year decline in net sales, especially declines in dog treats and sweet baked goods. Smucker shares sank nearly 16%, losing the most of any S&P 500 stock on Tuesday. Universal Health Services (UHS) fell 2.9% on Tuesday, extending losses posted in the prior session after the hospital operator's chief financial officer discussed a decline in the volume of surgical procedures at its facilities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
24 minutes ago
- Forbes
The Prompt: Meta Eyes Scale AI
Welcome back to The Prompt. Meta is reportedly planning to acquire a 49% stake in data labelling behemoth Scale AI for $14.8 billion, according to The Information. The deal is slated to place Scale AI's young billionaire CEO Alexandr Wang at a top position inside Meta along with a number of Scale AI employees, who will work in a new AI lab dedicated to developing 'superintelligence'— an AI system that outperforms human capabilities. CEO Mark Zuckerberg is reportedly closely involved in assembling the team of AI researchers and has gone to great lengths like setting up a WhatsApp group called 'Recruiting Party,' personally reaching out to potential recruits and rearranging desks for researchers to sit near him, Bloomberg reported. The new lab is part of Meta's efforts to keep up in the cutthroat AI race while wrangling a string of internal issues including employee churn, management problems and delayed or disappointing product releases. Now let's get into the headlines. DATA DILEMMAS Social media network Reddit sued Anthropic for allegedly training its AI models on personal user data without permission, and continuing to do so despite telling Reddit it had stopped, Forbes reported. Reddit was an early mover in capitalizing on its rich reserve of organic human data catalogued in its discussion forums, striking licensing deals with OpenAI and Google. In a lawsuit filed last week, Reddit claimed Anthropic's bot accessed its servers 100,000 times. BIG PLAYS ChatGPT will now be able to connect to a crop of external applications such as Google Drive, DropBox and Sharepoint, allowing enterprise users to glean insights from internal documents through the chatbot. It will also be able to access meeting recordings and transcriptions. The announcement was the latest in a series of feature releases intended to increase ChatGPT's functionality and keep people engaged. OpenAI has also reached $10 billion in annualized revenue through sales of its consumer products, CNBC reported. AI DEAL OF THE WEEK Young AI coding startup Anysphere has become the face of 'vibe coding' — a phrase coined by OpenAI cofounder Andrej Karpthy describing the use of large language models to create applications when the user doesn't necessarily need to know how to program. The nascent startup has raised $900 million at a $9.9 billion valuation and claims to have about $500 million in annualized revenue. The startup is betting that AI is going to dramatically transform software engineering in the next decade, making it magnitudes easier to program applications while eliminating cumbersome aspects of the process like correcting syntax or or debugging code. All a person has to do is press tab and AI completes the line of code for you and jumps to the next spot. Also of note: Enterprise AI startup Glean raised $150 million in Series F funding at a $7.2 billion valuation. Employees use the company's AI tools to search for internal information and build AI agents (software that can carry out specific tasks end-to-end) that can resolve IT tickets, write performance reviews and help prepare for meetings. Glean claimed to have passed $100 million in annualized revenue in February. (Read our 2023 profile of the company here.) DEEP DIVE Runway AI Throngs of excited moviegoers piled into Alice Tully Hall at Lincoln Center on Thursday night to be a part of Runway's third annual AI film festival. Cristobal Valenzuela, CEO of the $3.3 billion video and photo generation AI startup, spoke to a crowd of hundreds, asking them to think less about the digital tools and AI software used to make the short films they were about to watch, and instead focus on their human elements. The winning film, Total Pixel Space by Jacob Adler, is a jumble of both realistic and impossible vivid landscapes like a flying pig, people floating in a city or inside a pool, a bloom of jellyfish and a meerkat donning a bright yellow turtleneck. The 9 minute 28 second film raises the question of how many images could possibly exist in the world. The answer: Every image is composed of thousands of pixels— coordinates of positions and colors, a coalition of numbers. The film was selected from 6000 submissions, up from 300 a year ago, as interest in experimenting with AI models has exploded over the years. For all the creative benefits of video generation AI software, TV networks and filmmakers are adopting the technology for a more pragmatic reason: to produce and edit both television shows and movies quickly and more cheaply. AMC Network, which has produced popular shows like Breaking Bad and The Walking Dead, recently announced its plans to use Runway's AI models to create marketing and TV content. Lionsgate, the studio behind blockbuster hits like The Hunger Games and The Twilight Saga, has a partnership with Runway to use its models with a goal of making films on a fraction of the budget. But several studios don't want to openly admit they're using AI due to fears of backlash from creatives, who have voiced their concerns that these AI models are trained on copyrighted data scraped from the internet without consent and compensation. Runway is also currently facing litigation from a group of artists who claim their data was illicitly used to train its AI models. WEEKLY DEMO The Department of Government Efficiency developed a faulty AI tool to review thousands of contracts at the Department of Veteran Affairs that could be cut, labelling them as 'munchable,' Propublica reported. The software, developed by a programmer who has no formal experience in AI, was prone to making errors such as hallucinating the size of contracts, misreading them and inflating their value. MODEL BEHAVIOR Autonomous vehicles became easy targets during protests against Immigration and Customs Enforcement arrests in Los Angeles over the weekend. At least five Waymo driverless vehicles that were in the area were vandalized and set ablaze amid the protests. After the incident, Waymo halted its service in parts of downtown LA.
Motor 1
27 minutes ago
- Motor 1
GM's EV Sales Are Booming. But Can It Catch Tesla?
If you work on any of GM's electric vehicles, give yourself a pat on the back. This past week, the company released a full list of EV sales figures for the first quarter of 2025, and the numbers are shockingly good (pun intended). GM has already delivered more than 62,000 EVs in the US through May, with last month being the second-best in the automaker's history for EV sales. That marks an impressive 94 percent year-over-year increase. GM achieved a 15.5-percent EV market share in Q1, putting it in second place domestically, just behind Tesla. The question is: Can GM take the crown before the end of 2025? GM Vs Tesla Chevrolet Equinox EV While those numbers are impressive for GM, the company still has a way to go if it wants to catch Tesla . According to Cox Automotive , Tesla sold an estimated 128,100 electric vehicles between January and May—nearly double what GM has sold. And that's with an 8.6-percent decrease year-over-year. Tesla also recently introduced the updated Model Y and has plans for more models later in the year. Through April, though, GM's EV sales were up a whopping 94 percent, spearheaded largely by Cadillac and Chevrolet. Cadillac's EVs were up by 37 percent, while Chevy's EV sales improved by an impressive 119 percent, led by the Blazer EV and Equinox EV. GMC also saw a large bump in sales from the Hummer EV and electric Sierra pickup. Sales (Through May) Percent +/- General Motors 62,000 Units +94% Tesla 128,100 Units -8.6% GM currently offers 13 electric vehicles throughout its portfolio of brands, ranging from compact SUVs to trucks. Chevrolet alone has become the fastest-growing EV brand of the group, with more than 37,000 vehicles sold through May. That edges out Ford, which moved just 34,000 EVs in the same period. Chevrolet currently has three EVs in its portfolio: The Blazer EV, Equinox EV, and Silverado EV (not counting the BrightDrop electric cargo van). "Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles," notes Rory Harvey, executive VP and president of global markets. GM's Best Gas Sellers 2025 Buick Enclave Photo by: Buick It's not just the EV side of the business that's seeing sustained success. GM's massive portfolio of gas and hybrid vehicles is also seeing record numbers already this year. Buick was one of the biggest movers early in 2025. Sales for the luxury automaker were up 39 percent through April, with the Enclave, Encore GX, and Envista being the brand's top sellers. The new Enclave alone was up 39 percent—the nameplate's best sales quarter since 2019. As a whole, this was Buick's best sales quarter since 2006. Cadillac wasn't far behind with a sales increase of 21 percent, marking nearly three straight years of retail sales growth. The Escalade had its best Q1 to date, as did Cadillac's V-Series performance cars—likely aided by the arrival of the updated Blackwing models. All told, Cadillac reeled in its best retail market share since 2014. Percent +/- Buick +39% Cadillac +21% Chevrolet +14% GMC +18% GMC had its best sales quarter ever, with an 18 percent increase. The Sierra was up 13 percent, and the Canyon jumped an impressive 66 percent. But the Acadia was the brand's biggest mover, improving by 73 percent. The Yukon and Yukon XL also had their best sales quarters since 2007, improving by 29 percent. By percentages, Chevrolet saw the smallest increase—just 14 percent. But, it was still the brand's best quarter since 2019. The new Trax was up 57 percent, the Traverse jumped by 62 percent, and the Colorado pickup improved by 73 percent. This also marked the best Q1 for the Tahoe since 2007, with a 28 percent increase. There's still plenty of time in the year to see how GM fairs, but so far, the automaker is clearly on the right track. The Latest Sales News 2025 EV Sales So Far: GM Wins, Tesla Loses Cadillac Has Sold Fewer Than 25 Celestiqs So Far Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: General Motors Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
