AI in Spotlight as Google and Microsoft Earnings Prove
The success of both Google and Microsoft reflects a broader trend across the tech industry, where AI is becoming a key catalyst for innovation and profitability.
S&P 500 Hits New Record Close as Market Awaits Wall Street Earnings and Fed Decision on Interest Rates
By Tolu Ajiboye
While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.
Dow Records 158 Point Rise on Thursday as Economic Data Shows General Improvement
By Tolu Ajiboye
There was a general rise in the Dow, S&P 500 and Nasdaq Composite indexes following hints that the Fed policy would favor the general market.
Alphabet and Amazon Are Top Picks for 2024, Says JPMorgan as It Bets on Mega-Cap Tech Rally
JPMorgan chosen Amazon and Alphabet stocks as the most probable front-runners for 2024.
Google (GOOGL) Shares Gain 5% in Response to Gemini AI Announcement
By Tolu Ajiboye
Google shares responded positively to news of Gemini, although the market is unclear about monetization and how it fairs against GPT 4 Turbo.
Alphabet Divest Stake in Robinhood as Crypto Trading Faces Headwinds
Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling.
Stocks Rally after Fed Interest Rates Decision, BTC Price Tests $35,000 Level
By Tolu Ajiboye
There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.
Nonprofit Organization Purchases 24,000 Nvidia AI Chips for $500 Million
The deployment of the 24,000 chips should be completed by February 2024.
Xiaomi Rolls Out New Operating System HyperOS to Revolutionize User Experience
Xiaomi’s founder and chairman of the board Lei Jun said it took approximately 5000 software engineers’ combined efforts to develop the new operating system.
Alphabet (GOOGL) Shares Drop 7% as Cloud Business Misses Estimates in Q3 2023
Alphabet’s efforts to integrate generative AI technology into more products have been noticeable since the launch of OpenAI’s ChatGPT chatbot late last year.
Apple to Spend $1B Annually to Develop Generative AI Models
Apple is considering leveraging AI within Xcode to assist app developers in creating their applications.
10-Year US Treasury Yields Surge Past 5% Again, Dow Futures Crash 200 Points
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates.
Microsoft’s Activision Blizzard Deal Tipped to Pioneer Era of New-Generation Gaming Companies
Cloud gaming as a key aspect of what Microsoft is bringing to the world of gaming.
FCC Opens Spectrum for Augmented and Virtual Reality Wearables
By Darya Rudz
Starting from October 19, the new rules authorize VLP operations in the U-NII-5 and U-NII-7 portions of the 6 GHz band totaling 850 megahertz of spectrum.
Google Conducting Another Round of Layoffs in Its News Division
By Darya Rudz
Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”.