Nvidia and AMD shares hit record highs on AI chip surge
Investors are increasingly bullish on AMD, which is the second largest standalone GPU maker,
Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
Meta appears poised to spend billions of dollars by the end of this year on Nvidia’s popular computer chips that are widely used for AI projects
Amazon’s latest layoffs hit its Buy with Prime unit
Since the new year began, Amazon has laid off employees in its Prime Video, MGM Studios, Twitch and Audible divisions.
Nelson Peltz is launching a blitz on Disney. Here’s what he says is next in his proxy fight
Trian Fund Management will amp up its case to get Nelson Peltz and Jay Rasulo elected to the Disney board in the coming months.
Law enforcement response to Uvalde mass shooting a ‘failure,’ DOJ says in new report
Results of an investigation into the 2022 shooting at Robb Elementary School in Texas indicated some children who were killed may have survived had officers followed active-shooter protocols.
Nelson Peltz states his case for joining the Disney board
The proxy battle comes as CEO Bob Iger tries to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable.
OpenAI announces first partnership with a university
Starting in February, Arizona State University will have full access to OpenAI’s ChatGPT Enterprise.
Passive investing rules Wall Street now, topping actively managed assets in stock, bond and other funds
As 2023 came to a close passive held more assets under management than active.
Judge loses patience with Trump lawyer in E. Jean Carroll sex assault defamation trial
Donald Trump clashed with the judge and complained about E. Jean Carroll’s testimony during her first day on the stand in his sex assault defamation trial.
Weekly jobless claims post lowest reading since September 2022
Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13.
