The U.S. stock market experienced a slight slip on Tuesday, with the Dow and S&P 500 facing their third consecutive decline. Despite modest gains earlier in the session, investors found themselves in a holding pattern awaiting economic data. The upcoming economic data will play a crucial role in determining the Federal Reserve’s future policy decisions.
Wall Street
Apple Inc. (NASDAQ:AAPL) has received a positive affirmation from Evercore ISI, a leading investment firm, regarding its recent decision to incorporate Baidu (NASDAQ:BIDU)’s artificial intelligence platform, Ernie, into its operations within the Chinese market. This strategic move has significant implications for Apple’s AI development and its relationship with the Chinese government. The partnership with Baidu
China has recently introduced new guidelines aimed at phasing out U.S. microprocessors from Intel and AMD in government personal computers and servers, as reported by the Financial Times. Additionally, the procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favor of domestic options. Government agencies above the township level
Big Tech companies such as Apple and Google are currently facing one of the biggest challenges in decades as antitrust regulators on both sides of the Atlantic are cracking down on alleged anti-competitive practices. This crackdown could potentially result in break-up orders for these tech giants, which would be a first for the industry. The
In a recent interview with the Financial Times, activist investor Nelson Peltz criticized Disney for focusing too heavily on movies with female and Black actors. Peltz argued that Disney’s films have become more about delivering a message rather than quality storytelling. Specifically, he took issue with films like “The Marvels” and “Black Panther,” questioning the
Recent developments in the financial world have revealed that Gregory Stone, the Chief Ocean Scientist at TMC the Metals Co Inc. (NASDAQ:TMC), has engaged in insider trading activity by selling a significant number of company shares. This move, as disclosed in a Form 4 filing with the Securities and Exchange Commission, has raised questions about
Rahul D. Ballal, a director at Enliven Therapeutics, Inc. (NASDAQ:ELVN), recently made headlines in the market by selling 13,278 shares of the company’s common stock. This transaction took place on March 20, 2024, with Ballal disposing of the shares at prices ranging from $19.005 to $19.405, resulting in a total sale amount of approximately $254,462.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) recently finalized a $50 million securitization deal involving residual interests from its previous securitizations. The company sold asset-backed notes to a qualified institutional buyer, with the notes secured by an 80% interest in a CPS affiliate. This affiliate holds residual interests in five CPS securitizations issued between January 2022 and
On Thursday, JPMorgan shocked investors by lowering its price target for Pinduoduo Inc. (NASDAQ:PDD) from $195 to $190. Despite maintaining an Overweight rating, this move raised concerns among stakeholders about the future performance of the leading Chinese e-commerce platform. The adjustment came on the heels of Pinduoduo’s fourth-quarter earnings report, which showed solid growth but
Elon Musk’s brain-chip startup, Neuralink, made headlines with its livestream of the first patient successfully implanted with a chip that allows him to play online chess using only his mind. The patient, Noland Arbaugh, who was paralyzed below the shoulder after a diving accident, was able to control a computer cursor and keyboard using the
A bipartisan group of U.S. lawmakers recently sent a letter to the Biden administration, urging them to impose higher tariffs on Chinese drones, as well as drones shipped from other countries. The lawmakers, including Representative Mike Gallagher and Democrat Raja Krishnamoorthi, expressed concerns about the national and economic security threats posed by Chinese drone manufacturers