SoftBank market cap drops by about $32 billion as Asian AI stocks slide on valuation jitters
The frenzy around AI has sparked concerns that markets could be in the midst of a tech bubble. ...
Category: Economy
Ozempic maker Novo Nordisk lowers growth outlook for its weight loss drugs as pricing pressures mount
Novo Nordisk is currently locked in a bidding war with Pfizer for U.S. biotech firm Metsera. ...
Democrats win big on Election Night in key races
President Donald Trump said that the reason that Republicans lost big was because he was not on the ballots and…
Fed Governor Lisa Cook, in first policy speech since Trump suit, says she’s undecided on Dec. rate cut
The central banker said Monday that she supported the recent interest rate reduction and indicated she would be open to…
Warren Buffett may have cut Berkshire’s stake in Apple again in the third quarter
In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2…
Amazon closes at record after $38 billion OpenAI deal with AWS
OpenAI will immediately begin tapping Nvidia's AI processors using infrastructure from Amazon Web Services. ...
SNAP update: Trump admin will pay 50% of food stamp benefits in November amid shutdown
The agreement to use contingency funds to pay for food stamp benefits came after a judge said Trump administration could…
Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Palantir's earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.…
Berkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
Berkshire's operating profit generated from the conglomerate's wholly owned businesses including insurance and railroads jumped 34% in the third quarter. ...