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S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
NEW YORK, Dec 30 (Reuters) – The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by declines in technology and financial stocks, with financials also weighing on the Dow. Communication services shares were among the biggest gainers on the S&P 500, fueled […]
DOJ sues Virginia over in-state tuition for immigrants
The Justice Department sued Virginia over a law granting in-state tuition and aid to undocumented immigrants at public colleges.
Trump’s funding cuts put America’s consumer watchdog on the brink of collapse
WASHINGTON, Dec 30 (Reuters) – When Bianca Jones, a 33-year-old special education teacher in Memphis, Tennessee, decided a couple of years ago that she wanted to buy a house, she started digging into her Experian credit report. She was shocked by what she found. Her student debt had been double-counted, making it look as though […]
SoftBank completes $40B OpenAI investment
Dec 30 (Reuters) – SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son’s bet on AI. SoftBank has been building one of the largest private technology investment programs in the world, […]
US stocks end down as tech shares drop ahead of New Year
NEW YORK, Dec 29 (Reuters) – Wall Street’s main indexes ended lower on Monday, kicking off the final week of the year on a softer note, as heavyweight technology stocks retreated from last week’s gains that had pushed the S&P 500 to record highs. The information technology sector weighed on the S&P 500, as most […]
Oil jumps 2% as investors weigh Ukraine talks against supply outlook
Oil prices climbed more than $1 as investors weighed Ukraine peace talks against potential supply disruptions in the Middle East.
Lululemon founder Chip Wilson launches proxy fight for board shakeup
Dec 29 (Reuters) – Lululemon Athletica’s founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the company’s board, days after the apparel maker announced the exit of CEO Calvin McDonald. Lululemon shares have shed nearly half their value this year as the company struggles to find […]
Nvidia takes $5 billion stake in Intel under September agreement
Dec 29 (Reuters) – Nvidia has purchased Intel shares worth $5 billion, the American semiconductor firm said in a filing on Monday, carrying out a transaction announced in September. The leading AI chip designer said in September it would pay $23.28 per share for Intel common stock, in a deal that is seen as a […]
US pending home sales hit nearly 3-year high
Dec 29 (Reuters) – Contracts to purchase previously owned U.S. homes unexpectedly shot to the highest in nearly three years in November, as improving affordability conditions drew in buyers, the National Association of Realtors said on Monday. Pending home sales rose 3.3% last month after an upwardly revised 2.4% gain in October, the NAR said. […]
Wall St hovers near record highs in post-Christmas session
Dec 26 (Reuters) – U.S. stock indexes hovered near all-time highs in thin post-Christmas trading on Friday, supported by signs of a resilient economy and renewed investor interest in AI-related companies. The benchmark S&P 500 hit an intraday record high before pulling back slightly, while the blue-chip Dow Jones Industrial Average was about 0.5% from […]
