Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors. The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day. The losses followed the … Read more
Nvidia — the most valuable company in the world thanks to its place atop the AI food chain — generated a staggering $120 billion in profits last year. This includes an eye-popping $43 billion during the three-month period ending in January, one of the strongest quarters of any business ever recorded. Investors didn’t seem to … Read more
Vanguard Group agreed to pay several U.S. states $29.5 million to settle a lawsuit alleging it worked with other index-fund managers to pressure coal companies to reduce output. Source link
A bipartisan duo — Republican Sen. Josh Hawley and Democratic Sen. Jeff Merkley — is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country’s housing affordability crunch. The bill is set to be introduced on Thursday, two days after President … Read more
Wall Street inched higher in early trading Wednesday as markets turned their attention away from President Donald Trump’s State of the Union speech and toward the latest earnings report from AI chipmaker Nvidia. Futures for the S&P 500 and Dow Jones Industrial Average each rose 0.3% before the opening bell, while Nasdaq futures climbed 0.5%. … Read more
Stocks slid on Monday as jittery investors digested President Trump’s plan to raise global tariffs to 15% and amid renewed concerns about the impact of artificial intelligence apps on the technology industry. The Dow Jones slid 794 points, or 1.6%, as of 12:35 p.m. EDT. The S&P 500 fell 78 points, or 1.1%, while the Nasdaq … Read more