Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple, and AI chip maker Nvidia among companies with valuations of at least $2 trillion.
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Posted inBusiness, Nation & World
U.S. antitrust enforcers will investigate leading AI companies Microsoft, Nvidia and OpenAI
The entire AI industry has also relied heavily on Nvidia’s specialized semiconductors to power AI applications.
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Frenzy around AI catapults stocks on Wall Street
Some fatter-than-expected profit reports from tech companies helped drive the market.
Posted inBusiness, Nation & World
Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit
The lawsuit alleges that African American advisers received less compensation and fewer promotions than their white counterparts.
Posted inBusiness, Nation & World, News
Shares in Trump Media slump after former president convicted in hush money trial
Trump Media’s stock was down about 9% in after-hours trading Thursday as news of the verdict emerged.
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Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
The S&P 500, which is the much more important index for Wall Street and most retirement savers, also finished near a record high.
Posted inBusiness, Nation & World
Reddit, the self-anointed ‘front page of the internet,’ soars in Wall Street debut
Reddit’s IPO will test the quirky company’s ability to overcome a nearly 20-year history colored by uninterrupted losses, management turmoil and user backlashes.
Posted inBusiness, Local & State
Spanish energy giant Iberdrola offers to buy rest of CMP parent company for $2.5 billion
It’s unclear what, if any, impact the deal would have on the customers of Central Maine Power Co., the state’s largest electric utility.
Posted inBusiness
Wall Street rises to recover some of its losses from its worst day in weeks
In stock markets abroad, indexes were mixed with mostly modest moves across Europe and Asia.
Posted inBusiness, Nation & World, News
Wall Street leaps toward its best week of 2023 amid hopes of an end to rate hikes
The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.