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Mixed share reaction to megacap earnings burst, Meta droops

Mixed share reaction to megacap earnings burst, Meta droops

(Reuters) -Shares in three of the “Magnificent Seven” companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings. Shares in Google-parent Alphabet rose 6.2% after the company beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and…

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'It has impacted us' | Local Halloween shops say federal government shutdown is scaring away spenders

‘It has impacted us’ | Local Halloween shops say federal government shutdown is scaring away spenders

Central Georgia Halloween stores face fewer customers and higher prices as the federal shutdown runs into its fourth week. WARNER ROBINS, Ga. — Halloween shoppers in Central Georgia are in a spooky season as the federal government shutdown enters its 29th day, with thousands of workers missing paychecks just before a holiday known for costumes…

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Nvidia’s Huang defends China tech talent at DC conference

Nvidia hits $5 trillion valuation

Nvidia on Wednesday became the first publicly traded company to hit a $5 trillion valuation, bolstered by the AI boom and a spate of new deals. The US chip giant, which hit the $4 trillion mark 11 weeks ago, has redefined “the meaning of ‘big’ in Big Tech,” a Bloomberg tech columnist wrote: Nvidia has…

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Stock market today: Live updates

Stock futures moved lower on Wednesday night as investors digested a batch of Big Tech earnings and the Federal Reserve’s interest rate decision. Futures tied to the Dow Jones Industrial Average slipped 30 points, or 0.06%. S&P futures fell 0.12%, while Nasdaq 100 futures fell 0.2%. Megacap tech giants Alphabet, Meta and Microsoft each reported…

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