Posts with tag: algorithm
New proposal from Perplexity AI would give U.S. government 50% ownership of new entity merging TikTok's U.S. business.
Published on: January 26, 2025, 09:00 PM UTC
US manufacturing outlook improves as Trump takes office, with PMI rising to 50.1 in January, marking a 7-month high.
Published on: January 24, 2025, 10:02 PM UTC
US stocks closed higher on Thursday with the S&P 500 (^GSPC) reaching a fresh record close as investors turned their attention to President Donald Trump's remarks at the World Economic Forum in Davos. The Dow Jones Industrial Average (^DJI) also gained while the Nasdaq Composite (^IXIC) recovered from earlier losses to close slightly higher. Investors were also digesting earnings reports and economic data, including a rise in US jobless claims.
Published on: January 24, 2025, 01:03 PM UTC
President Trump criticizes EU's antitrust battles against US tech giants, calling the fines a form of taxation on American corporations. The EU has aggressively tackled the power of American tech companies, including Apple, Google, Meta, Amazon, and Microsoft, over concerns about their dominant market positions and alleged anti-competitive practices. In response, the US has also taken action against its own tech giants, with the Department of Justice and the Federal Trade Commission filing antitrust lawsuits against Google, Apple, Amazon, and Meta.
Published on: January 24, 2025, 12:02 PM UTC
Ericsson reports Q4 revenue and profit rise on North American growth
Published on: January 24, 2025, 07:00 AM UTC
Trump reverses Biden-era effort to offer $2 generic drugs to Medicare patients
Published on: January 23, 2025, 07:01 PM UTC
An Indian appeals tribunal paused a five-year data sharing ban between WhatsApp and Meta for advertising imposed by the antitrust authority.
Published on: January 23, 2025, 06:01 AM UTC
A 25% tariff on China would hurt Ralph Lauren, but CEO Patrice Louvet says the company can manage it. Tariffs could impact apparel companies, but stocks have shrugged off concerns.
Published on: January 23, 2025, 12:01 AM UTC
Japanese retail investors' appetite for overseas equities is weighing on the yen, exacerbating downside risks from tariffs and interest rate differentials.
Published on: January 22, 2025, 11:03 PM UTC
Intel is searching for a new CEO to lead the company into the AI age. The search began after the board ousted Pat Gelsinger in December. The former ASML CEO Eric Meurice and Microchip chairman Steve Sanghi have been added to the board to assist in the search. Analysts and sources believe that an outside candidate is likely to be chosen, but the decision could take several months. External candidates may include Lip-Bu Tan, Matt Murphy, Stacy Smith, Renee James, Johny Srouji, Gregory Bryant, and Kirk Skaugen.
Published on: January 22, 2025, 06:02 PM UTC