Tag: tech

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Powell Rejects Rate Cuts as Treasury Yields Rise, Equities Fluctuate

Treasury yields rose and stocks fluctuated as Federal Reserve Chair Jerome Powell indicated no rush to cut rates, with most big techs weighing on the market.

Powell Defends Security of Treasury Payment System After Musk Access Concerns

Fed Chair Powell offers assurances on Treasury payments system, Musk and CFPB

Big Tech’s AI Spending Spree Gives Green Light to Stock Market

Big Tech's massive AI spending spree in 2023 could be a key indicator for the stock market's direction, according to experts. Tech giants like Microsoft, Alphabet, Amazon, and Meta are set to invest a combined $325 billion in AI, a move that could have significant implications for the market as a whole.

Binance and SEC Request Stay in Lawsuit as Crypto Task Force Impacts Enforcement

Binance and the SEC Jointly Request Stay in Lawsuit Amid Crypto Task Force Formation

UK Sells Record £13 Billion of 10-Year Bonds Amid High Demand

UK Sells Record £13 Billion in 10-Year Bonds Despite Yield Concerns

SailPoint Seeks $12.57 Billion Valuation in First Major Tech IPO Test of 2023

Cybersecurity firm SailPoint is seeking a valuation of up to $12.57 billion in its US IPO, marking the year's first major test of investor appetite for tech stocks.

OpenAI CEO Says Company Not for Sale, Musk Trying to Slow Progress

OpenAI CEO Sam Altman says the company is "not for sale" amid unsolicited bid from Elon Musk, calling it a "tactic" to slow OpenAI's progress.

OpenAI CEO: Company 'Not for Sale,' Musk Trying to 'Slow Us Down'

OpenAI CEO Sam Altman says the company is "not for sale" after an unsolicited bid from Elon Musk, who Altman accuses of trying to "slow us down."

Disney Abandons DEI Programs Amid Federal Dismantling

Disney (DIS) Removes DEI Programs as Companies Distance From Diversity Initiatives

Shopify's AI-Driven Magic Fuels E-commerce Growth

Shopify's AI-powered e-commerce platform, Shopify Magic, empowers small businesses to automate tasks, enhance customization, and grow their online stores amidst challenging retail conditions.