The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
Read More Tech market values jump in September on Fed rate cuts, AI optimism
Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs, but carries “significant risks.”
Read More Yellen to warn of ‘significant risks’ from use of AI in finance
Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.
Read More Wall St rises as Big Tech charges higher
January 29, 2024 – 6:18 AM PST (Reuters) – Microsoft (MSFT.O) is expected to report a 15.8% jump in quarterly revenue, its best growth…
Read More Microsoft set for AI-powered revenue surge as stock pulls ahead