Tag: technology

Spanish banking giant Santander announces over $2 billion USD in investments for Mexico over the next three years to further expand their digital banking presence and support the country's growth.

Published on: February 18, 2025, 08:00 PM UTC

New tariffs under the Trump administration may cause companies to reconsider long-term capital investments in property, plants, and equipment. Goldman Sachs found that S&P 1500 companies increased capital expenditure expectations by 5%, but only 2% for companies with exposure to tariffs. Mentions of tariffs on earnings calls have increased, and companies with greater tariff exposure raised inflation expectations disproportionately. The administration has implemented tariffs on steel, Chinese imports, and is considering further tariffs on EU autos and critical imports. While the markets have shrugged off tariff concerns, executives are becoming cautious as uncertainty clouds planning and costs rise.

Published on: February 18, 2025, 07:03 PM UTC

The NAHB/Wells Fargo Housing Market Index fell five points to 42 in February, indicating builders are less optimistic about the market amid rising costs and interest rates.

Published on: February 18, 2025, 07:03 PM UTC

Former OpenAI executives launch Thinking Machines Lab, an AI startup focused on human-AI collaboration and building models for various domains.

Published on: February 18, 2025, 07:00 PM UTC

Thinking Machines Lab, a new AI startup founded by ex-OpenAI CTO, Mira Murati, has hired 30+ leading researchers and engineers from companies like OpenAI, Meta, and Mistral. The main focus is to develop collaborative AI systems and products.

Published on: February 18, 2025, 07:00 PM UTC

Intel, a struggling tech giant, faces potential breakup rumors as industry rivals Broadcom and Taiwan Semiconductor consider deals. Analysts discuss regulatory hurdles, antitrust concerns, and the potential value extraction for shareholders.

Published on: February 18, 2025, 06:02 PM UTC

Nearly half of the companies in the S&P 500 are outperforming the index to start the year, indicating a shift from the narrow market leadership of the past two years.

Published on: February 18, 2025, 06:02 PM UTC

US stocks saw mixed results on Tuesday, with the Dow Jones Industrial Average and tech-heavy Nasdaq Composite slipping while the S&P 500 rose slightly. Investors await the release of minutes from the Fed's January meeting for clues on interest rate policy, while US-Russia talks on ending the Ukraine war and earnings season updates influence market sentiment.

Published on: February 18, 2025, 06:01 PM UTC

Egg prices are soaring due to avian flu, forcing small business owners to adjust. Some are raising prices, while others are using more egg-free ingredients or reducing the amount of eggs in their products.

Published on: February 18, 2025, 05:00 PM UTC

U.S. homebuilder sentiment plunged five points to 42, the lowest reading since September, amid worries that tariffs on imports would combine with higher mortgage rates to further drive up housing costs.

Published on: February 18, 2025, 04:03 PM UTC