In his sharpest rebuke of the world’s richest man, a distinction he once held, Bill Gates accused Elon Musk at least twice in the past week of “killing” children in the world’s poorest countries by cutting foreign aid under the Trump administration. Mr. Gates, the billionaire Microsoft co-founder and philanthropist, assailed Mr. Musk for the … Read more
Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks. The stock rose 3.4% to $192.70, giving the e-commerce giant a market value of over … Read more
US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In … Read more
Nvidia Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about … Read more
Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of the over 180,000 job cuts announced, a report showed on Thursday. In February alone, layoffs in the United States stood at 77,770, more than five times higher than the 15,245 job … Read more
Apple Inc. rallied to close at record high Wednesday amid optimism on its corporate growth outlook for the second half of the year. It gained 1.8% to close at $144.57, smashing its January peak as some on Wall Street forecast a stronger rally over the next six months with iPhone sales poised to climb. It … Read more