Bank of America downgrades SoFi Technologies, says its recent rally has run its course
Investors expect the expiration of the student loan payment moratorium will be a positive for the firm.
Cash and carbon cuts stall UN climate talks — setting the stage for a ‘huge fight’ at COP28
Negotiators departed the United Nations campus in Bonn, Germany this week with a palpable sense of frustration.
Morgan Stanley says Nvidia is the top pick for artificial intelligence over AMD
Analyst Joseph Moore said Nvidia has more immediate upside than other AI stock plays.
Bank of America makes $500 million equity push for minority- and women-led funds
Bank of America has allocated over $500 million in equity investments to fund managers led by minorities and women.
FDA advisors recommend that new Covid vaccines target an omicron XBB variant this fall
The FDA advisory panel’s recommendation is a win for Covid vaccine makers Pfizer, Moderna and Novavax, which will race to deliver updated shots for the fall.
Virgin Galactic sets first commercial space tourism flight for this month; shares spike more than 40%
Virgin Galactic aims to launch its commercial space tourism service in late June, with a flight carrying members of the Italian Air Force.
Microsoft’s stock hits record after executives predict $10 billion in annual A.I. revenue
Microsoft’s expanding opportunity in the artificial intelligence market has reinvigorated investor excitement and lifted the stock to a record.
Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon
Lou Correa’s selection for the role marks a shift from the leadership of former Rhode Island Democratic Rep. David Cicilline’s stewardship of the subcommittee.
Bowlero CEO calls discrimination claims made in EEOC investigation ‘absurd’
Bowlero CEO Tom Shannon calls discrimination allegations against his company “absurd,” but acknowledges an EEOC investigation may be hurting its stock.
Mercedes-Benz and Microsoft to test ChatGPT in vehicles
Similar to other industries, the potential applications of ChatGPT in the automotive industry have emerged as a growing discussion.
