In This Story The Dow Jones Industrial Average reached the 44,000 mark for the first time in its 128-year history on Friday, extending its rally following Donald Trump’s presidential election victory. The milestone pushed the Dow, which tracks 30 of the leading U.S. stocks, toward its best week in a year. How Nvidia’s H200 GPUs…
In This Story Taiwan Semiconductor Manufacturing Company (TSM-0.21%) is following U.S. efforts to curb China’s artificial intelligence ambitions, reportedly telling chip design firms in the country it will stop producing their most advanced AI chips. How Nvidia’s H200 GPUs and Blackwell chips are revolutionizing data centers The Taiwanese chipmaker told its Chinese customers it is…
In This Story The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Donald Trump won the presidency. Here’s what that means for everything from tariffs to immigration. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Wall Street was exuberant at the Republican’s win. Markets soared the day after the election was called. One…
Berkshire Hathaway Chairman and CEO Warren Buffett in 2016.Photo: Lacy O’Toole/CNBC/NBCU Photo Bank/NBCUniversal (Getty Images) In This Story Warren Buffett’s Berkshire Hathaway (BRK.A-2.13%) grew its cash pile to a record $325.2 billion in the third quarter. That’s enough to buy some of the biggest companies in the world — with cash to spare. The ‘smart…
Photo: Chip Somodevilla (Getty Images) In This Story Trump Media and Technology Group stock surged 12% in pre-market trading on Tuesday as the first polls began to open across the U.S. The ‘smart money’ predicts a Donald Trump win and a Republican landslide, strategist says Shares of Trump Media, the company that owns former President…
Russell Hackmann, president at Hackmann Wealth Partners, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript of the conversation below, which has been lightly edited for length and clarity. ANDY MILLS (AM): A lot of folks are predicting a disputed election. What…
Photo: EMMANUEL DUNAND (Getty Images) In This Story On the eve of Election Day, the Dow Jones slid 200 points as investors held back, anxiously awaiting the results. The subdued stock activity coincided with a rally in safe-haven U.S. Treasurys, indicating that some investors are shifting toward lower-risk assets in anticipation of potential market volatility….
In This Story The dollar fell Monday after weekend polls showed Vice President Kamala Harris gaining ground against former President Donald Trump as the 2024 election draws to a close. AI tools revolutionizing content creation — Including an Emmy-winning breakthrough, says exec An index tracking the dollar hit its lowest point in more than a…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…