BREAKING NEWS Jobs report posts massive beat, unemployment rate falls to 4.1% NZSE - Delayed Quote ? NZD Metro Performance Glass Limited (MPG.NZ) Follow Compare 0.0680 0.0000 (0.00%) At close: 5:00 PM GMT+13 Related News Meta's Movie Gen model puts out realistic video with sound, so we can finally have infinite Moo Deng No one really knows what generative video models are useful for just yet, but that hasn't stopped companies like Runway, OpenAI, and Meta from pouring millions into developing them. Meta's latest is called Movie Gen, and true to its name turns text prompts into relatively realistic video with sound... but thankfully no voice just yet. And wisely they are not giving this one a public release. Movie Gen is actually a collection (or "cast" as they put it) of foundation models, the largest of which TechCrunch ? 1 hour ago META Walmart, Target, Nike among retailers affected if port strike lasts beyond this week Retailers could face problems restocking hot sellers this holiday season. Yahoo Finance ? 21 hours ago CPB KDP LOW Why Rivian Stock Plunged Friday Rivian has a supply problem. Motley Fool ? 7 minutes ago RIVN Frontier, JetBlue Stocks Soar on Report of Spirit Airlines Bankruptcy Talks Shares of discount airlines Frontier Group Holdings and JetBlue surged Friday on a report that rival Spirit Airlines is holding discussions about a possible bankruptcy. Investopedia ? 26 minutes ago SAVE JBLU Manulife Financial Corporation (MFC) Opens the Market Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Roy Gori, President and Chief Executive Officer, Manulife Financial Corporation (TSX: MFC) ("Manulife" or the "Company"), and other featured guests, joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market and celebrate the 25th anniversary of Manulife's Initial Public Offering (IPO), which made history as the largest IPO in Canada's capital markets in 1999.Cannot view this video? Visit:https://www.yout Newsfile ? 32 minutes ago MFC MNLCF MNUFF Rivian Stock Drops After It Cuts Production Guidance Shares of Rivian fell after the electric-truck maker cut its production guidance for the year due to a component shortage. The stock recently stood about 7% lower. Shares had already fallen by more than half this year. The Wall Street Journal ? 51 minutes ago RIVN Spirit Airlines Struggles to Reach Rescue Deal to Avoid Bankruptcy (Bloomberg) -- Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a snag after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkRoofs of Mexico City’s Massive Food Market Will Power Public BusesMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’What Do US Vehicle Regulators Hav Bloomberg ? 1 hour ago SAVE Oracle (NYSE:ORCL) Is Emerging as an AI Winner Oracle (ORCL) has been an under-the-radar high-flyer stock in 2024 and has just caught the attention of Wall Street. Shares are up 61% year-to-date, and the stock is still selling at a reasonable price. The company is emerging as an AI winner after it posted a beat and raise in the most recent quarter, driven by strong performance in its AI-related business. Oracle is a well-run legacy business, known for its database software products that are popular among businesses worldwide. Companies use O TipRanks ? 1 hour ago ORCL GOOG AMZN Stocks to Watch Friday: Spirit Airlines, Rivian, Seven & I ↘? Spirit Airlines (SAVE): The budget carrier and its bondholders have discussed a potential bankruptcy filing after its failed merger with JetBlue Airways, The Wall Street Journal reported. Shares plunged about 34% in morning trading. The Wall Street Journal ? 1 hour ago ANCTF SAVE RIVN Rivian Shares Drop After EV Maker Slashes Production Target (Bloomberg) -- Rivian Automotive Inc. shares tumbled after the automaker cut its annual production target, citing a worsening supply crunch at its lone US assembly plant.Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkRoofs of Mexico City’s Massive Food Market Will Power Public BusesMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’What Do US Vehicle Regulators Have Against Tiny Cars?The company now expects production to Bloomberg ? 1 hour ago RIVN Spirit Airlines Stock Tumbles on News Carrier Is Exploring Bankruptcy Filing Shares in Spirit Airlines (SAVE) sank, after the Wall Street Journal reported that the budget carrier has been discussing a possible restructuring deal to be implemented in chapter 11. In Friday morning trading, Spirit shares stood about 34% lower at $1. The Wall Street Journal ? 1 hour ago SAVE Summit Therapeutics Stock Jumps as Lung Cancer Drug Placed on FDA Fast Track Summit Therapeutics shares rose sharply Friday morning, a day after the company said its developmental lung cancer drug was granted FDA Fast Track designation. Investopedia ? 1 hour ago SMMT Amazon To Boost Workforce by 250K for 2024 Holidays, Joining Retail Hiring Surge Amazon.com Inc (NASDAQ:AMZN) is targeting 250,000 transportation and warehouse workers in the U.S. to capitalize on the 2024 holiday rush, Reuters reports. The hiring numbers remain the same as in 2023. The hiring ahead of the holiday season underscores the importance of the extra hands in the retail industry. Discount retailer Target Corp (NYSE:TGT) planned to employ 100,000 to help tide through the holiday season. Also Read: Amazon Prime Video Ramps Up Ads, Taking on Netflix and Disney+ in Str Benzinga ? 1 hour ago AMZN Meta, challenging OpenAI, announces new AI model that can generate video with sound NEW YORK (Reuters) -Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Samples of Movie Gen's creations provided by Meta showed videos of animals swimming and surfing, as well as videos using people's real photos to depict them performing actions like painting on a canvas. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos. Reuters ? 1 hour ago META Palantir Stock Is on Pace for Another Record High Shares of the provider of data-analytics software notched an all-time high on Thursday and are rising again. Barrons.com ? 1 hour ago PLTR Is Rivian Stock A Buy With The CEO Selling And The EV Startup Cutting 2024 Guidance? Rivian Automotive shares have plummeted 50% in 2024 as the EV startup is looking to challenge Tesla, Ford, General Motors and other autos with its adventure-styled electric vehicles. The startup saw third-quarter vehicle deliveries come in below forecasts and Rivian lowered its full-year production guidance early Friday amid an ongoing "component shortage" in its vehicle production. Analyst consensus had Rivian third-quarter deliveries totaling around 12,670 units, according to FactSet. Investor's Business Daily ? 1 hour ago RIVN TSLA Rivian Automotive May Not Reach Positive Gross Margin This Year Over Component Shortage, Truist Says Rivian Automotive May Not Reach Positive Gross Margin This Year Over Component Shortage, Truist Says PREMIUM MT Newswires ? 1 hour ago RIVN TFC Meta Unveils AI Video Generator, Taking On OpenAI and Google (Bloomberg) -- Facebook parent Meta Platforms Inc. debuted a new artificial intelligence tool that can generate or edit videos based on a simple text prompt, elevating competition with rivals like OpenAI and Google in the race to develop the world’s most advanced AI technology.Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkRoofs of Mexico City’s Massive Food Market Will Power Public BusesMexico City Restricts Airbnb Rentals to Curb Bloomberg ? 1 hour ago META GOOG Frances Haugen Makes the Case for More Whistleblowing in the Age of AI The Facebook whistleblower said cash-for-tips programs are vital for getting those who speak out access to legal support. The Wall Street Journal ? 1 hour ago META These Stocks Are Moving the Most Today: Spirit Airlines, Palantir, Rivian, Maersk, Summit Therapeutics, CVS, and More A report says Spirit Airlines has been exploring a bankruptcy filing, Palantir stock extends gains after closing at an all-time high, and Rivian tumbles after saying it was experiencing a ‘production disruption.’ Barrons.com ? 2 hours ago PLTR AMKBY SAVE Performance Overview Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is S&P/NZX 50 INDEX GROSS ( GROSS Return MPG.NZ S&P/NZX 50 INDEX GROSS ( GROSS YTD -51.77% +7.22% 1-Year -52.11% +12.33% 3-Year -83.00% -5.38%
