Wall Street's main indexes pared gains on Tuesday, as U.S. Treasury yields rose on growing worries about interest rates staying higher for longer, while gains in Nvidia shares fizzled out in the run up to the chip designer's earnings.
In early trading on Tuesday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.8%. Year to date, Boeing registers a 20.2% gain.
Facebook parent company Meta Platforms on Tuesday released an AI model capable of translating and transcribing speech in dozens of languages, a potential building-block for tools enabling real-time communication across language divides.
Wall Street was set to open higher on Tuesday as optimism around Nvidia's keenly awaited earnings report kept megacap growth stocks on a strong footing, while a pullback in yields on longer-dated government bonds also provided some support.
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Over the past few years, many growth-oriented investors stuck with the FAANG stocks -- Facebook's parent Meta Platforms, Amazon, Apple, Netflix, and Google's parent Alphabet -- as their core tech investments. After all, those five tech titans dominated the social networking, e-co
U.S. stock index futures advanced on Tuesday as optimism around Nvidia's keenly awaited earnings report kept megacap growth stocks on a strong footing, while easing yields on longer-dated government bonds also provided some support.
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A scramble among Arm Holdings Ltd's clients, comprising the world's biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer's adherence to not picking sides in the chip industry.
U.S. stock index futures advanced on Tuesday as optimism around a keenly-awaited earnings report from Nvidia kept megacap growth stocks on a strong footing, while a slide in the 10-year government bond yield also boosted equities.
U.S. Commerce Secretary Gina Raimondo will travel to China next week for meetings with senior Chinese government officials and U.S. business leaders, the department said on Tuesday.
Tucked away in the heart of Boston's financial district, Adage Capital Management recently unveiled its trading report for the June quarter. The fund informed the Securities and Exchange Commission that its value stood at $46.03 billion at the close of June, marking a 3.23%
European shares rose on Tuesday, driven by technology stocks as chipmakers tracked an overnight Wall Street rally ahead of Nvidia's earnings, while Ubisoft jumped after Activision sold its non-European streaming rights to the French company.
(RTTNews) - The Competition and Markets Authority in the UK has opened a new phase 1 investigation into a new, restructured deal by Microsoft to buy Activision. Earlier, the CMA confirmed that Microsoft's acquisition of Activision, as originally proposed, cannot proceed.
European shares opened higher on Tuesday, with technology stocks leading gains as chipmakers caught up to an overnight Wall Street rally ahead of Nvidia's earnings, while shares of Ubisoft gained.
Britain's antitrust regulator said on Tuesday it had opened a Phase 1 probe into a newly restructured deal by Microsoft to buy Activision, with a first deadline set for Oct. 18.
Zoom Video Communications forecast third-quarter profit above Wall Street estimates on Monday, a positive sign for the company that has tried to overcome a post-pandemic slowdown by offering a wider range of collaboration tools.
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