Wall Street's main indexes struggled for direction on Thursday, with a hotter-than-expected inflation print dampening hopes of early rate cuts, while U.S. regulatory approval for exchange-traded funds tracking spot bitcoin lifted crypto stocks. The benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing the opening gains...
Continue ReadingMicrosoft just passed Apple as the most valuable U.S. company. Microsoft’s market value now stands at about $2.9 trillion, squeaking past the iPhone maker, according to Dow Jones Market Data. It’s the first time since 2021 that the software giant has earned the title of market-cap king...
Continue ReadingMicrosoft overtook Apple as the world's most valuable company on Thursday after the iPhone maker began 2024 with its worst start in years due to growing demand concerns. Shares of Redmond, Washington-based Microsoft rose 1.5%, giving it a market valuation of $2.888 trillion as its early lead in the race to make money from generative artificial intelligence helped draw investors. Apple was 0.3% lower with a market capitalization of $2.887 trillion - the first time since 2021 that its valuation has fallen below that of Microsoft...
Continue ReadingMicrosoft on Thursday briefly overtook Apple as the world's most valuable company for the first time since 2021 after the iPhone maker's shares made a weak start to the year on growing concerns over demand. Microsoft's shares have risen sharply since last year thanks to the early lead the company has taken in generative artificial intelligence through an investment in ChatGPT-maker OpenAI. The stock rose as much as 2% earlier in the session and Microsoft was briefly worth $2.903 trillion...
Continue ReadingAfter missing out on the generative artificial intelligence craze last year, Apple will be playing catch-up in 2024...
Continue ReadingMeta Platforms is fueling its recovery through AI, surpassing expectations and potentially re-testing all-time highs. Learn more about META stock here...
Continue ReadingBig techs led the market Wednesday. Microsoft flashed a buy signal, nearing Apple's valuation. The SEC approved Bitcoin ETFs. The CPI inflation report is due...
Continue ReadingVirtual reality is about to change forever...
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Continue ReadingFrom transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024...
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