Tag: web development

Xcel Energy reports Q4 net income of $464 million, below expectations. Revenue of $3.12 billion also missed forecasts.

Published on: February 06, 2025, 12:08 PM UTC

Industrial conglomerate Honeywell will split into three independent companies focused on automation, aerospace, and advanced materials, unlocking value for shareholders and customers.

Published on: February 06, 2025, 12:04 PM UTC

Elon Musk and OpenAI CEO Sam Altman's legal battle over the future of AI company OpenAI could last until 2027. Musk claims OpenAI breached its nonprofit mission in pursuit of profits, while OpenAI denies the allegations. Microsoft, as an investor in OpenAI, is named as a defendant along with LinkedIn founder Reed Hoffman and Microsoft executive Deanna Templeton. The outcome of the lawsuit will shape the development of AI and the roles of Musk and Altman in the industry.

Published on: February 06, 2025, 10:01 AM UTC

Stocks rise as earnings season kicks off, with Treasury yields declining and boosting investor sentiment. The Stoxx Europe 600 reaches a record high, while Asian shares and US futures edge higher. Investors focus on interest rates, economic growth, and corporate earnings. Key events include the Bank of England's rate decision, US jobless claims data, and the highly anticipated nonfarm payrolls report.

Published on: February 06, 2025, 09:01 AM UTC

ArcelorMittal is investing $900 million in a new electric steel mill in Calvert, Alabama, in response to the booming automotive industry in the United States.

Published on: February 06, 2025, 08:00 AM UTC

Despite voters' concerns about inflation and affordability, President Trump has focused on import tariffs, undocumented migrant deportation, and foreign aid reduction. Instead, economists suggest directly addressing food inflation, housing affordability, and the insurance crisis.

Published on: February 06, 2025, 07:02 AM UTC

US stock futures rise as Alphabet dips, Nvidia climbs; Dow futures up 0.2%

Published on: February 06, 2025, 07:01 AM UTC

Bain Capital is in talks to acquire the pharmaceutical unit of Mitsubishi Chemical Group for over $3.3 billion, marking a major deal in Japan's booming M&A market.

Published on: February 06, 2025, 06:00 AM UTC

DeepSeek, a new AI upstart from China, is making waves on Wall Street. Business leaders are fielding analyst questions about DeepSeek's impact on their businesses, highlighting the potential for disruption in the tech industry. Executives from ARM, AMD, Google, Palantir, Apple, Meta, Microsoft, IBM, AT&T, Corning, and Flex share their perspectives on DeepSeek's innovations and the evolving AI landscape.

Published on: February 06, 2025, 06:00 AM UTC

President Trump's early actions have focused on trade, immigration, and foreign aid, but voters want relief from inflation and economic insecurity. Here are three specific ways Trump could address these concerns: addressing food inflation, targeting housing affordability, and tackling the insurance crisis.

Published on: February 06, 2025, 02:02 AM UTC