The Federal Trade Commission (FTC) has initiated an inquiry into the substantial investments made by tech giants Microsoft, Amazon, and Google in AI startups like OpenAI and Anthropic.
Investors
US Stock Market Could Get an Added Boost From Projected Buyback Revival in 2024
Companies purchasing back more of their own shares are expected to boost US stocks this year. It is projected that the upward trend that brought the stock market in the United States to an all-time high this year will have another major driver: companies purchasing back more of their own shares.
China's Stock Market Is Sliding After Brutal Crash This Week
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Microsoft's Activision Acquisition and Investments on AI Drive 18% Revenue Surge
Microsoft surpassed analyst expectations on Tuesday, as its heavy investment in artificial intelligence (AI) produced good results.
European Stock Markets See Uneven Performance After 2-Year Peak
The European index rose 3.1% last week to its highest level since January 2022. Investors in Europe's stock markets are bracing for a flood of earnings reports, data releases, and statements from central banks, with the trading getting off to a shaky start this week.
Latest News
Bitcoin dropped to a seven-week low on Monday, the lowest since the 11 spot bitcoin exchange-traded funds (ETF) rolled out earlier this month.
BioNTech and its partner Duality Biologics have launched a late-stage trial to test their precision drug against a specific type of breast cancer, challenging a rival partnership between AstraZeneca and Daiichi Sankyo.
Some stocks linked to former President Donald Trump have soared after Florida Governor Ron DeSantis ended his 2024 presidential bid.
Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).
