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Trader reportedly loses $550,000 to Google ad scam
TheStreet2d agoneutral
Trader reportedly loses $550,000 to Google ad scam

A crypto trader has reportedly lost approximately $550,000 in USDC as they fell victim to a Google advertisement phishing scam, as per the crypto asset tracing and recovery firm FlashRescue's co-founder Darcy. On Aug. 13, Darcy posted on X that the user lost the sum to a paid Google ...

Goldman Sachs Sees Limited Evidence AI Spending Is Crowding Out Other Investment
InvestorsHub2d agoneutral
Goldman Sachs Sees Limited Evidence AI Spending Is Crowding Out Other Investment

Goldman Sachs says the rapid expansion of artificial intelligence investment in the United States could be starting to displace spending elsewhere in the economy, although the bank has found relatively little evidence of a widespread crowding-out effect so far. With AI-related investment approaching hundreds of billions of dollars annually, analysts are increasingly examining whether the boom is diverting capital, construction resources and financing away from other business activities.

Bill Ackman Moves Stocks. These 5 Prove It.
Barrons.com2d agoneutral
Bill Ackman Moves Stocks. These 5 Prove It.

Netflix, Visa and other stocks rose on the news that Bill Ackman was investing in them. The billionaire focuses on buying what he views as high-quality growth companies.

Hims & Hers (HIMS) Raised Guidance. Can Growth Survive Its GLP-1 Margin Reset?
Insider Monkey2d agoneutral
Hims & Hers (HIMS) Raised Guidance. Can Growth Survive Its GLP-1 Margin Reset?

Hims & Hers Health, Inc. (NYSE:HIMS) shares fell over 6% in extended trading on August 10 after the telehealth company delivered another quarter of rapid growth alongside sharply weaker profitability. Revenue rose 38% year over year to $753.2 million, subscribers increased 19% to 2.89 million, and Monthly Revenue per Average Subscriber climbed 21% to $92. […]