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Wall Street ends sharply higher, lifted by soaring Microsoft
Wall Street ended sharply higher with Microsoft soaring after a strong sales and cloud growth forecast eased AI spending concerns.
Wall Street closes down sharply after Fed holds rates unchanged
Wall Street declined sharply after the Federal Reserve kept interest rates unchanged, with AI chip stocks dropping amid concerns over heavy capital spending.
Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
Alphabet's record $5.9 billion cash burn highlights rising AI spending pressures on big tech, with Google Cloud growth intensifying competition.
Wall Street ends lower as tech shares slip
Wall Street ended lower with tech shares slipping, while Meta Platforms rallied on plans to expand its cloud AI business amid cautious investor sentiment.
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.
