Wall Street opened mostly higher Tuesday, apparently cheering President Donald Trump’s first day back in the White House after his speeches seemed to show a softer stance on tariffs, economists, said. Before Monday’s inauguration, people feared large, blanket tariffs across the board would be inflationary and slow the economy. Instead, “broad and immediate tariffs were…
Some of the richest people in the world were among the guests invited to witness President Donald Trump take the oath of office for the second time on Monday. As some of Trump’s top allies, the tech billionaires were given VIP seating next to top U.S. officials and his family for the swearing-in ceremony in…
With the Supreme Court’s move Friday to uphold a ban on video sharing app TikTok, the social media app could be shut down as soon as Sunday. There’s still some uncertainty about TikTok’s future after the court denied parent company ByteDance’s argument that a ban on the app infringes on users’ free speech. That’s because…
The Supreme Court’s decision to uphold the looming TikTok ban may have corporate consequences far beyond the app’s parent company, impacting American tech giants and the broader U.S. stock market. With Donald Trump returning to the White House the day after the ban is set to take effect, it remains to be seen if and…
Another day, another rally by mega tech stocks. Shares of iPhone maker Apple, Google-parent Alphabet, electric car maker Tesla and AI-chipmaker Broadcom all rallied to new all-time highs, which helped power the tech-heavy Nasdaq to its own record peak. The Nasdaq closed up 1.24%, or 247.17 points, at a record 20,173.89. The broad S&P 500 index ended up 0.38%,…
Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday. The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak. The…
The tech-heavy Nasdaq 100 index extended its relentless climb over the week, setting new record highs and nearing the 22,000-point milestone, fueled by strong investor optimism in the Magnificent Seven tech giants and the transformative potential of artificial intelligence. Year to date, the index has posted a robust 30% gain, on track to outperform the…
Federal authorities announced hackers in China have stolen “customer call records data” of an unknown number of Americans, but encrypted messaging could be the first line of defense for people in the U.S. to secure their communications amid this cyber threat. The “cyber espionage campaign” was announced by the FBI and Cybersecurity and Infrastructure Security…
Oct 31 (Reuters) – Big technology companies including Microsoft MSFT.O and Meta META.O are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday their capital expenses were growing due to their AI investments. Alphabet GOOGL.O,…
A Russian court is demanding that Google pay $20 decillion American dollars after several of the country’s TV channels and media outlets were blocked from YouTube, according to multiple reports. The fine, which is 20 with 33 zeros attached, is a 37-digit figure. The excessive number comes from a Moscow court that imposed it after…