Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: ‘It’s a sad story’
Jassy said regulators’ move to stop the iRobot deal shows they “trust these two large Chinese companies with maps” of Americans’ homes more than they do Amazon.
The March inflation data lowered rate cut expectations. Here’s why stocks could take that in stride
Some investors say that markets will be able to cope so long as the Fed doesn’t raise rates again.
Microsoft will unveil new Windows and cloud AI features in May
Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference.
Biden’s new student loan forgiveness plan could start eliminating debts before the 2024 presidential election
The Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes to start wiping out people’s debts this fall.
Nvidia and Georgia Tech announce first AI supercomputer for students
Nvidia on Wednesday announced the first AI supercomputer designed for student use, in collaboration with the Georgia Institute of Technology.
Trump Media shares close down more than 8%, putting market cap under $5 billion
Trump Media owns the Truth Social app. Donald Trump, the presumptive Republican presidential nominee, is the company’s largest shareholder.
Hot inflation data pushes market’s rate cut expectations to September
March’s consumer price index release Wednesday helped verify worries that inflation is proving stickier than thought.
Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant’s ‘transformations’
In the past year, Alibaba underwent a historic reorganization and sweeping management changes in a bid to return the Chinese technology giant to growth.
Former Trump executive Allen Weisselberg sentenced to five months in jail for perjury
The sentencing of Allen Weisselberg comes days before Donald Trump goes to trial on charges of falsifying business records for a hush money scheme.
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index in March was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
