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  • Business
    Yahoo Finance Video

    Carvana, Ebay, MGM Resorts: After hour movers

    Shares of Carvana (CVNA) are surging after hours on Wednesday as the company posted its first quarter earnings, revealing it surpassed Wall Street expectations with revenue of $3 billion against an expected $2.68 billion. In addition, CEO Ernest Garcia III claimed the company delivered the best results in its history. Shares of eBay (EBAY) are sliding after the company posted its first quarter earnings, beating Wall Street expectations on both the top and bottom line but missing on expectations for its second quarter forecast. MGM Resorts (MGM) stock rises as the company beat Wall Street expectations on the top and bottom line with its first quarter earnings. The company's success is partly due to boosted revenue from its segment in China, growing almost 70% year-over-year. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

  • Business
    Yahoo Finance Video

    AI training models: How Photobucket aims to enter the sector

    Image and video hosting platform Photobucket seeks to license its vast archive of content for the training of artificial intelligence models. Photobucket CEO Ted Leonard joins Yahoo Finance to discuss the company's approach to this new venture. Drawing a parallel between AI training and how the human brain learns, Leonard compares the process to "a race to ingest content." He details the origins of Photobucket, explaining that the platform's core purpose was "public viewing, public sharing," uniquely positioning the company to step into the world of licensing data to AI companies. However, Leonard emphasizes that not all data on the Photobucket platform is open for AI training usage. The company prides itself on its commitment to privacy protection, and Leonard ensures they use a process to pick the content that can be utilized for AI training purposes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

  • Business
    Reuters

    MetLife Q1 profit rises on higher premiums, investment income

    Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 billion. A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments. The company's net investment income was up at $5.44 billion from $4.65 billion in the year-ago period.

  • News
    The Canadian Press

    Macklem says he doesn't think federal budget will have much of an impact on inflation

    OTTAWA — Bank of Canada governor Tiff Macklem says he doesn't think the federal budget tabled last month will have much of an effect on inflation. Macklem was testifying at a Senate committee alongside senior deputy governor Carolyn Rogers following the central bank's latest interest rate announcement. The governor says the spending plan hasn't changed the federal government's fiscal track by much. Macklem says that's why he doesn't expect it to have a significant impact on economic growth or in