Tech stocks struggle to rebound after global AI sell-off batters chip names
Technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session.
Anthropic’s Mythos model found vulnerabilities in classified U.S. government systems, official says: AP
One of Anthropic’s artificial intelligence models identified vulnerabilities in highly sensitive U.S. government computer systems, the Associated Press reports.
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI’s Developed Markets watchlist.
Train service resuming after nationwide IT disruption fixed, German railway operator says
Earlier, Deutsche Bahn had stopped all trains, citing an outage affecting the main communication tool between train drivers and traffic control centers.
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
Nasdaq closes lower as chip sell-off resumes; Micron shares extend losses
The Nasdaq Composite pulled back on Wednesday as Micron Technology shares fell, with investors looking ahead to the release of chipmaker’s earnings.
GameStop CEO Cohen spurns $35 billion pay plan to focus on eBay deal
Ryan Cohen, the CEO of GameStop, will not receive a potential performance award and plans to unveil more details about his bid to takeover eBay soon.
FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company’s last quarter that included the freight business before its spin-off.
SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
Meta is building a prediction markets app. These stocks fell in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as “Arena.”
