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AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

As US chip darlings struggle, some bet on software as next big AI play

Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.

Shoppers walk at a store during Black Friday sales in the Manhattan borough of New York City, New York, U.S., November 26, 2021. REUTERS/Jeenah Moon/File Photo

Strong discretionary spending lifts US retail sales in September

Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.

A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. US employers added 390,000 jobs last month, the government reported on June 3, 2022, a sign of a slowdown in hiring but still a better-than-expected result. The jobless rate held steady at 3.6 percent for the third consecutive month, just a tenth of a point above the pre-pandemic level of February 2020, the Labor Department said. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%

U.S. job growth slowed more than expected in July, with the unemployment rate increasing 4.3%, leading to fears that the labor market is faltering and the economy is heading for a possible recession.

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation rises moderately, consumer spending cools

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.

A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US monthly inflation slows; consumer spending surges

U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.

A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder/File Photo

US job growth accelerates in December; wage gains solid

U.S. employers hired more workers than expected in December while raising wages at a solid clip.