Dow, S&P 500 close lower Wednesday as First Republic woes eclipse Big Tech earnings: Live updates
First Republic lost almost 30%.
Alphabet authorizes $70 billion buyback
If Google ends up spending the entire amount on buybacks, it would represent a continuation of last year’s pace.
Google’s cloud business turns profitable for the first time on record
Google has been investing heavily in cloud infrastructure to try and catch Amazon and Microsoft, but the unit has been unprofitable until now.
Chipotle Mexican Grill’s restaurant traffic grows as the chain proves its pricing power
Shares of Chipotle jumped after the company’s earnings and revenue beat Wall Street’s expectations.
Top strategist says every investor needs some hyper-growth exposure and these A.I. stocks could do the trick
As much as $700 billion of the $2.5 trillion year-to-date market cap creation this year for growth stocks can be related to the potential of A.I.
Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
GM-owned Cruise’s announcement is one more step towards broader commercial deployment of an autonomous alternative to ride-hailing services like Uber or Lyft
First Republic falls nearly 50% to record low after reporting massive deposit drop
The decline comes after the bank’s first quarter earnings report, which showed that First Republic’s deposits shrank by 40.8% during the quarter.
North Korean bank official charged in crypto laundering conspiracies
It shows a broader pattern in recent years of North Korean workers using virtual private networks (VPNs) and other tools to illegally gain remote employment.
Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
Gap will lay off more than 500 employees in its latest round of job cuts as the apparel retailer looks to reduce costs and get back to profitability.
What First Republic’s results mean for the regional bank trade, according to Wall Street
First Republic saw a larger deposit decline than many of its rivals during the first quarter.
