The tech-heavy Nasdaq led Wall Street declines, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment.
Read More Nasdaq touches over one-month low after weak consumer sentiment data
Tag: Wall Street
Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
Read More Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Short sellers of AI-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street.
Read More Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
Read More S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Read More US weekly jobless claims fall to 11-month low as labor market remains stable
Luigi Mangione Brought On Harvey Weinstein’s Prison Consultant Craig Rothfeld
Luigi Mangione, the 26-year-old man suspected of the point blank murder of UnitedHealthcare CEO Brian Thompson, has brought on the same New York prison consultant as disgraced producer Harvey Weinstein.
Read More Luigi Mangione Brought On Harvey Weinstein’s Prison Consultant Craig Rothfeld