Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech mauling
Tag: Alphabet
Wall Street extends rout, CrowdStrike slumps on global tech outage
Wall Street’s main indexes fell on Friday, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike’s shares to an over two-month low.
Read More Wall Street extends rout, CrowdStrike slumps on global tech outage
What is CrowdStrike, the cybersecurity firm behind a global tech outage?
Companies across several industries were hit on Friday by a global tech outage tied to Microsoft’s Azure cloud platform and a software issue.
Read More What is CrowdStrike, the cybersecurity firm behind a global tech outage?
Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI efforts
Apple’s shares rose 2.5% to a record high on Monday after Morgan Stanley cited the company’s AI efforts as a boost to device sales.
Read More Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI efforts
S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge
The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street’s winning streak.
Read More S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge
Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
Samsung unveiled its latest foldable smartphones, making its priciest flagship model lighter and slimmer and bolstering AI functions.
Read More Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring