- Businessbarrons.com•yesterday
Schlumberger: Why Do You Hate Me?
Oil is falling again today--and taking energy stocks down with it. And it doesn't help that analysts have been cutting oil stocks hand over fist, with one slashing his rating on 51 stocks this morning. Illustration: Agence France-Presse/Getty Images Barclays joined the cutting party this morning by dropping its rating on Schlumberger (SLB) to Equal Weight from Overweight. That might not seem to strange. But Barclays analyst J. David Anderson and team write that they "believe large caps still have the best risk/reward profile" in oil services and left their ratings on Halliburton (HAL) and Baker Hughes (BHI) unchanged at Overweight. So what's wrong with Schlumberger? I'll let Anderson explain:
- BusinessTechRepublic•yesterday
AI could lead to 4-hour workdays and World War III, says Alibaba's Jack Ma
Artificial intelligence (AI) could lead to shorter work days and work weeks, but it could also be the cause of World War III, Alibaba CEO Jack Ma told CNBC in an interview on Wednesday. "I think in the next 30 years, people only work four hours a day and maybe four days a week," Ma told CNC. However, with the benefits of AI will also come struggle. Things like data and automation will play an increasing role in the lives of all employees, and could cause some problems if the government doesn't step in, Ma said. The first two World Wars were caused by technological revolutions, Ma said in the interview. Technologies like AI and machine learning will begin to eliminate more jobs, causing the third
- FinanceZacks•19 hours ago
Why Is Kroger Down 26% in 5 days?
A glimpse of The Kroger Company’s KR share price movement reveals that it has plunged over 26% in the past five days. Additionally, a downtrend in the Zacks Consensus Estimate in the past seven days also echoes the same sentiment. Stiff competition, falling comps, volatility in food prices, aggressive promotional environment and waning store traffic are making things tough for Kroger.
