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Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
Check out the companies making headlines in midday trading. Astera Labs – Shares gained more than 16% after the company, which sells data center connectivity chips, debuted new fabric switches for artificial intelligence . Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the […]
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5 things to know before the stock market opens Wednesday
Here are five key things investors need to know to start the trading day: 1. Landing zone Stocks climbed Tuesday as investors look for signs of a so-called soft landing — the Federal Reserve reining in inflation without damaging the economy. The S&P 500 rose nearly 1% for the day, while the Nasdaq Composite climbed […]
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Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P […]
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HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial […]
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DOJ indicates it’s considering Google breakup following monopoly ruling
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken Cedeno Ken Cedeno | Reuters The […]
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Former Humane execs secure $25 million valuation after departing AI hardware startup
Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation. Brooke Hartley Moy and Ken Kocienda, Humane’s former strategic partnerships lead and head of product engineering, respectively, are debuting Infactory, an AI fact-checking search engine. The […]
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