Articles

Amazon scores record valuation for the first time since 2021

While Amazon’s valuation is on pace to notch a new record, the shares themselves aren’t yet on track to notch a new high.

Something’s got to give: European regulators crack down on AI as U.S. tech companies plunge into the market

An ever-expanding assault on Big Tech by the European Union has U.S. companies scrambling to adhere to rules there while trying to not slow their dash to embrace generative artificial intelligence.

Trump to tap Wall Street moguls for fundraiser after hauling in $66 million last month

Former President Donald Trump’s 2024 campaign plans to hold a big fundraising event Saturday featuring major Wall Street figures, with billionaires from other industries also slated to attend.

Elon Musk says Nelson Peltz ‘definitely’ should be on Disney board

Tesla CEO Elon Musk also says he’d buy Disney shares if Nelson Peltz is elected to board.

Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump

Fed Chair Jerome Powell was cautious about interest-rate policy in remarks on Wednesday.

Yellen heads to China to fight a green trade war the U.S. may not win

President Joe Biden hasn’t renounced his predecessor’s trade war with China, but as Treasury Secretary Janet Yellen begins her second visit to the country in less than a year, it’s clear that the battlefield terrain has shifted.

AI means a ‘four-day workweek is coming’ for most, says investor Steve Cohen

AI is a ‘transformational’ technology that will create big winners and big losers, says hedge-fund titan Steve Cohen.

Costco jumps on the weight-loss bandwagon with $179-for-three-months program

Other companies now offering access to the popular new class of weight-loss drugs include WW International Inc., the company formerly known as Weight Watchers International.

This worker was demoted at age 68 and her pay was cut 30%. She’s fighting back.

A gerontologist says she’s a victim of age discrimination and has advice for other older workers.

Netflix and Amazon poised for growth as TV ad market seen climbing to $44 billion by 2028

Netflix’s and Amazon’s streaming services are poised for accelerating growth as the connected-TV advertising market is growing and is expected to reach $44 billion by 2028, Wedbush said Wednesday.

U.S. economy expanded in March at slightly slower speed, ISM shows. Inflation cools a bit.

A barometer of business conditions at service-oriented companies fell in March to a three-month low, but it still showed the largest part of the U.S. economy in expansion mode.

Cathie Wood touts $2,000 Tesla price target, says ‘now is not the time to run for the hills’ as stock craters

Wood has been a bull of Tesla for a long time.
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