Dow futures surged 150 points on Friday, as traders waited for Jerome Powell’s big speech at the Jackson Hole symposium. Everyone’s looking for clues on whether the Fed…
JPMorgan Chase has agreed to pay $330 million (about RM1.4 billion) to Malaysia, a deal that closes out the bank’s long-running dispute over its role in the 1MDB…
Luxury EV maker Lucid said Thursday evening it will carry out a 1-for-10 reverse stock split, effective September 2 in a move that will shrink its outstanding share…
Meta Platforms stock price rally has stalled this month as investors focused on its growth and spending on artificial intelligence. It initially peaked at a record high of…
Fears of an artificial intelligence (AI) bubble may be overstated, according to tech bull Dan Ives, who argues that the sector’s long-term growth prospects remain intact. Speaking to…
By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech…
The world’s biggest tech companies are tearing up the rulebook in their pursuit of AI. Energy, infrastructure, talent. It’s about who gets there first.What started as a race…
Meta Platforms has paused hiring for its newly formed artificial intelligence division, a move that comes after a year of intense spending on talent, acquisitions, and infrastructure. The…
Global crude and condensate departures remained high in the first half of August, reaching approximately 41 million barrels per day, Vortexa said in an update. The figure is 2%…