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Milestone Technologies to lay off 51 in Henrico
Milestone Technologies announced last week that it plans to lay off 51 employees at White Oak Technology Park in Henrico County.
Wall Street ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
Wall Street stocks rose with the S&P 500 and Nasdaq logging their biggest monthly gains in years amid strong earnings and easing oil prices.
S&P 500, Nasdaq, close slightly higher in cautious start to a heavy earnings week
The S&P 500 and Nasdaq posted modest gains in NEW YORK as investors prepare for a heavy earnings week and the Federal Reserve's rate decision.
Meta unveils first AI model from costly superintelligence team
Meta Platforms launched Muse Spark, its first ai model from a high-cost superintelligence team, aiming to enhance everyday tasks across its social platforms.
Wall Street ends higher on speculation about end to Iran war
Wall Street closed higher as President Donald Trump suggested a quick U.S. exit from Iran, boosting tech stocks and easing energy price fears.
Meta boosts top executives’ pay with stock options as AI race heats up
Meta Platforms grants stock options to top executives tied to a six-fold valuation increase, aiming to boost AI-driven growth and retain key talent through 2031.
Wall Street ends higher as traders return to AI stocks
Wall Street closed higher led by AI-related stocks including Meta and Nvidia, while oil prices eased amid Middle East tensions and upcoming Fed meeting.
Meta shares jump after Reuters report on plans for layoffs of 20% or more
Meta Platforms plans to cut 20% or more of its workforce to offset heavy AI spending, aiming for significant cost savings and productivity gains, Reuters reports.
Nvidia forecasts first-quarter sales above estimates
Nvidia forecasts first-quarter revenue of $78 billion, surpassing estimates, driven by strong demand for AI processors amid Big Tech's heavy investments.
Microsoft and Meta Platforms lead Wall Street higher
Microsoft and Meta beat earnings expectations, boosting Wall Street, even as fears of stagflation and economic uncertainty continue to loom.
Navigating metaverse investments
Investors itching to get in on the latest tech trend are zooming in on the metaverse — a presumed future virtual or mixed reality iteration of the internet in which users would navigate 3D environments for working, shopping, socializing and entertainment. By some estimates, the metaverse market could balloon to $5 trillion in annual revenue […]
