Tech giants are pouring money into A.I. as they cut costs elsewhere
In their calls with analysts this week, Alphabet, Microsoft, Amazon and Meta emphasized their hefty investments in large language models.
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United Airlines' plan to revamp narrow-body cabins faces supply chain delays
The upgrades include bigger premium cabins, seat-back screens, Bluetooth capabilities and other amenities.
Chinese hackers outnumber FBI cyber staff 50 to 1, bureau director says
Wray said the country has "stolen more of our personal and corporate data than all other nations—big or small—combined."
Snap plunges on first-quarter revenue miss
Snap continues to suffer in a tough digital ad market with its first-quarter sales missing analyst projections.
Key inflation gauge for the Fed rose 0.3% in March as expected
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.
Wall Street worries GM will face a tougher 2023 than the automaker is letting on
Analysts say eroding pricing power, labor concerns and challenges in producing EVs will make it harder for GM to perform at the same profitability levels.
These are the top Senate races to watch in 2024
Democrats are defending multiple Senate seats in states that voted for former President Donald Trump over President Joe Biden in the last presidential race.
Amazon stock dips as uncertain cloud outlook overshadows revenue beat
Amazon reported first-quarter sales on Thursday that beat analysts' estimates.
The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable
Clubhouse said on Thursday that's it cutting half its staff two years after investors valued the nascent startup at $4 billion.
West Virginia Gov. Jim Justice kicks off campaign for Joe Manchin's pivotal Senate seat
Gov. Jim Justice's bid for Sen. Joe Manchin's seat could further imperil Democrats' efforts to keep their slim Senate majority past 2024.
Here's why the stock market had such a massive rally Thursday
Investors looked past what appeared to be a weak first-quarter GDP report on Thursday.
Eli Lilly misses on earnings but raises full-year guidance
The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.
Merck results beat expectations despite a big drop in sales of Covid antiviral treatment
Despite the drop in molnupiravir sales, Merck's revenue and adjusted earnings for the first quarter beat Wall Street's expectations.
Southwest posts wider-than-expected loss as toll of holiday crisis stretches into 2023
Southwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023.
Meta shares are up 170% in five months despite virtually no revenue growth
Revenue at Facebook's parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.
The average price for a house in the Hamptons just hit a record $3 million
Despite stock market volatility, rising mortgage rates, layoffs in tech and finance and fears of recession, the wealthy are still bidding and buying.
Southwest scales back 2023 hiring because of Boeing aircraft delays
Southwest expects to receive only 70 Boeing 737 Max planes this year, down from 90.
SEC's Gensler says 'the law is clear' for crypto exchanges and that they must comply with regulators
SEC Chairman Gary Gensler wrote in a post on Thursday that crypto exchanges "must come into compliance, register with us, and deal with conflicts of interest."
Eli Lilly says obesity drug tirzepatide resulted in weight loss of up to 34 pounds
Eli Lilly plans to complete its application for FDA approval of tirzepatide in the coming weeks and expects regulatory action as early as later this year.
DOJ sues Tennessee, alleging it discriminates against transgender youth with new law
The Biden administration asked a judge to declare that a Tennessee law targeting gender-affirming care for transgender kids violates the U.S. Constitution.
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