The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
President-elect Donald Trump has announced that Dr. Jay Bhattacharya, a Stanford University health researcher and COVID-19 lockdown critic, will serve as the next director of the National Institutes of Health.
Read More Trump Appoints Dr. Jay Bhattacharya, Lockdown And Vaccine Mandate Critic, To Lead National Institutes Of Health
SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round.
Read More OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
The Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel after the California-based chips maker won a separate $3 billion award from the Pentagon.
Read More US finalizes $7.86 billion chips manufacturing award for Intel
The S&P 500 and the Dow touched over one-week highs after data showed a still robust economy, while small-cap stocks outperformed large-cap indexes.
Read More S&P 500, Dow touch over one-week highs after business activity data
The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.
Read More US Supreme Court tosses case involving securities fraud suit against Facebook