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Wall Street ends lower for the day and week as chip selloff broadens
Wall Street closed lower with semiconductor stocks leading a broad selloff amid a slowdown in the ai spending boom and mixed economic signals.
UnitedHealth regains earnings momentum, shares surge
UnitedHealth Group beat second-quarter profit expectations and raised its 2026 forecast, driven by improved medical cost management and Optum unit growth.
Wall Street ends higher on cool inflation data, strong earnings
Federal Reserve Governor Lisa Cook signals readiness to act if inflation fails to slow, citing risks from ai investment and geopolitical tensions.
Fed’s Cook says she is prepared to act soon if inflation does not begin to slow
Federal Reserve Governor Lisa Cook says she is ready to act if inflation does not begin to slow soon amid risks from ai investment and tariffs.
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
Fed’s Warsh taps broad group of Fed outsiders to oversee review
Five task forces will review the U.S. central bank's operations, including impact of artificial intelligence.
CrossCountry Consulting acquires Arlington’s Dupont Circle Solutions
CrossCountry Consulting expands its Salesforce consulting business with the acquisition of Dupont Circle Solutions.
“AI won’t take your job” and other things CEOs say before the layoffs
Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.
US energy chief exhorts data center backers to push back against opponents
U.S. Energy Secretary Chris Wright urges data center supporters to push back against critics who raise concerns about power use and ai impacts.
Arlington cyber warfare startup raises $100M, reaches unicorn status
Twenty Technologies announced that it has raised $100 million in a Series B round and reached unicorn status with a $1 billion valuation.
One in a trillion: Musk’s milestone
Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.
Wall St ends modestly higher as AI zeal overcomes Middle East jitters
Wall St closes modestly higher with AI enthusiasm boosting stocks despite Middle East tensions and rising crude prices impacting inflation concerns.
