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Shares of beauty products company Estée Lauder (NYSE:EL) jumped 6.4% in the afternoon session after Goldman Sachs upgraded the stock to 'Buy' from 'Neutral' and raised its price target...
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President Donald Trump’s social media post gave Wall Street a green light to pile back into risk. The Nasdaq Composite surged 2.1% on Monday after falling 3.6% on Monday. The president told his Truth Social followers, “Don’t worry about China,” and Wall Street took him up on that...
Continue ReadingThe companies at the center of the artificial intelligence boom are increasingly investing billions of dollars in each other — and analysts say that the increasing entanglement is adding to risk of an AI bubble...
Continue ReadingDisgraced FTX founder Sam Bankman-Fried says his “single biggest mistake” was handing the company over to restructuring officers as part of bankruptcy proceedings. “The single biggest mistake I made by far was handing the company over,” Bankman-Fried .....
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Amazon stock bounced-back from a Friday selloff as the tech giant announced plans to hire 250,000 seasonal workers...
Continue ReadingNetflix lifts its 2025 margin outlook to 30% as strong pricing power and booming ad growth drive profitability and engagement...
Continue ReadingThe announcement on Monday, however, comes amid concerns that U.S. shoppers will be cautious about spending in this holiday season as they brace from the impact of President Donald Trump's tariff policies. Data firm Adobe Analytics last week projected U.S. holiday online sales to grow at a slower pace this year, but e-commerce are still expected to outshine overall sales growth. Trump's latest tariffs on Chinese imports will have limited impact on holiday sales as most of the inventory is already in the country...
Continue ReadingOpenAI and Broadcom have entered an agreement that will see the companies collaborate on up to 10 gigwatts of custom AI acclerators...
Continue ReadingThe companies said OpenAI would design the chips, which Broadcom will develop and deploy starting in the second half of 2026. AMD agreed to supply artificial intelligence chips to OpenAI in a multi-year deal that would also give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker. Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal giving the chipmaker a financial stake in OpenAI...
Continue ReadingAs Buffett once said, "our favorite holding period is forever."...
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