Companies, markets and the economy
A drop of 4.2% for Nvidia, the chip company that became the poster child of the AI frenzy, was the heaviest force pulling the S&P 500 downward.
Technology stocks had been priced for perfection. They are now getting hammered.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Jess Menton and Tim Stenovec. (Source: Bloomberg)
“A cheaper stock does not necessarily offer better value,” one expert says.
At a phone-free Newsreel event in Brooklyn five days before the midterms, the talk kept coming back to who gets rich off AI and its data centers.
Public servants on the brink of student debt forgiveness are facing setbacks and extensive delays. The American Federation of Teachers sued to help them.
Investors are growing nervous about the huge spending bills that tech giants are amassing to pay for their bets on artificial intelligence.
A sell-off for tech stocks is worsening on worries that Wall Street’s frenzy around AI sent prices too high
Nearly 6 million Bodum French press coffee makers sold at Target, Walmart and on Amazon.com are being recalled over the risk of burn injuries.
A law enacted after a brazen scheme to rig onion prices in the 1950s puts the vegetable, as well as box office receipts, off-limits for prediction markets.
Blake Huston is a third generation carnival operator who has been around the business all his life. But rising gas, labor and insurance costs are all taking a toll on his bottom line and threatening the industry he calls a way of life.
The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
ExxonMobil and Chevron posted massive quarterly profits as Middle East and Russia-Ukraine conflicts drove gas prices up 34.2% year over year.
Data indicates cheap cars are selling fast, but a few lower-priced segments still saw sales drop in the third quarter. Here's what might be happening.
The Institute on Taxation and Economic Policy found more than 700 profitable companies paid less than half of the 21% statutory corporate tax rate, the lowest rate in decades.
The case, brought by an 18-year-old Mississippi woman and set for trial next week, was the fourth of nine bellwether personal injury lawsuits.
Ian Thomas, who heads the City of London Corporation, tops the Black Powerlist in its 21st year.
