Posts with tag: technology
President Trump criticizes the Federal Reserve's regulation and inflation handling, blaming the Fed's focus on DEI and climate change.
Published on: January 29, 2025, 11:04 PM UTC
Federal Reserve Chair Jerome Powell's comments eased initial concerns about inflation, leading to a slight recovery in stocks and a rise in short-term bond yields. However, volatility remains in the tech sector amid concerns over competition from artificial intelligence models.
Published on: January 29, 2025, 11:04 PM UTC
Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%. The tech-heavy Nasdaq Composite (^IXIC) was down about 0.5%, retracing some of a bounce-back rally on Tuesday.
Published on: January 29, 2025, 11:03 PM UTC
The freeze on federal funding has thrown many federal programs into disarray including healthcare, childcare, food assistance, housing aid and more.
Published on: January 29, 2025, 11:01 PM UTC
ServiceNow reports inline Q4, but stock drops 10.5% despite meeting expectations on revenue and adjusted EPS. Read the full report for analysis and investment advice.
Published on: January 29, 2025, 10:08 PM UTC
Selective Insurance Group Inc. (SIGI) reported fourth-quarter profit of $95.5 million, or $1.52 per share, below analysts' estimates. Revenue was $1.26 billion, also missing forecasts.
Published on: January 29, 2025, 10:05 PM UTC
Tesla reports Q4 earnings miss, revenue up only 2% YoY; operating income impacted by R&D costs and lower vehicle prices. Despite production misses in 2024, Tesla plans for new vehicle production in 2025 and growth in vehicle volume due to autonomy advancements and product launches.
Published on: January 29, 2025, 10:02 PM UTC
DeepSeek's AI Breakthrough Shakes Up Tech Industry; Nvidia Slips Amid Funding Concerns
Published on: January 29, 2025, 10:01 PM UTC
Microsoft's cloud growth slows, while AI spending ramps up. Azure cloud revenue increased 31%, with AI contributing 13 percentage points to growth. Microsoft is spending heavily on AI infrastructure, raising questions about the return on investment.
Published on: January 29, 2025, 10:01 PM UTC
Preview the tech stocks that led the market lower on Wednesday, as the broader mood remained muted after the Federal Reserve's latest interest rate decision, which saw the central bank keep rates unchanged in a range of 4.25–4.5%.
Published on: January 29, 2025, 09:01 PM UTC