The election gave Wall Street a reason to buy almost everything. Chip stocks are the exception, and they’ve lost nearly $4 trillion in value since early October. Democrats’ sweep of both chambers of Congress sent the Dow Jones Industrial Average (^DJI) up 3% on Wednesday, its best day since the April 9, 2025, rally that…
Hardware startup Aina released a smart ring today that features a screen, a joystick, and a mic so that you can talk to your agents and take notes. The $399 ring has a speaker so you can take calls using it as well. The startup, which raised $5.5 million in July, is positioning the ring…
Stocks climbed on Thursday even though the PPI was much hotter than expected.Getty Images Stocks plunged on Thursday, with the Nasdaq Composite sinking into correction territory after plunging more than 5% in the session and falling over 10% below the record set last month. The S&P 500 fell 4.35%, while the Dow Jones Industrial Average…
Constellation Research founder R. Ray Wang joins ‘Making Money’ to analyze the post-election market rally, potential policy implications for AI data centers and investment opportunities across tech stocks and hyperscalers. The midterm elections ushered in Democratic majorities in both the House and Senate for the next two years, along with state-level gains that could shake…
The bottom-line-padding, stock-price-fueling stock buyback from hyperscalers may now be on pause as they spend aggressively on AI infrastructure. Combined buybacks for Alphabet (GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT) and Oracle (ORCL) — aka the country’s main AI hyperscalers — fell to a mere $4.4 billion in the third quarter, per numbers crunched by…
Wall Street executives are bracing for potential changes to taxes and regulations following the Democrats’ sweeping midterm election victories, with some business leaders concerned about what comes next for the economy. Top financial executives expressed concerns after Democrats won control of both the House and Senate in Tuesday’s elections, particularly over the growing influence of…
The sound of pencil putting lines to paper. The geometric shapes of a cartoon animal before it comes to life on the page. Those were the opening shots of a teaser for Prada’s 2026 holiday campaign, which introduced a series of films made “using the anachronistic craft of hand-drawn animation,” working with longtime Disney animator…
Harvey has been taking early steps toward an initial public offering. The legal artificial intelligence startup, which was recently valued at $15.5 billion, has held talks with lawyers at Latham & Watkins about going public, according to two people familiar with the matter. The discussions were preliminary, with no listing imminent, one of the people…
Cathie Wood founded Ark Invest in 2014, and the CEO has made a name for herself as an investor to watch when it comes to growth stocks. Ark provides exchange-traded funds (ETFs) that are heavily built around innovative new technologies with explosive growth potential, and the company takes a very active approach to portfolio management….
Three people face charges alleging they schemed to use artificial intelligence to defraud companies of nearly $130 million, federal prosecutors in Manhattan announced Thursday. Jacob Soall, who called himself “Rocky Balboa,” Sharon Hazan and Guy Sheetrit were arrested in Europe and are awaiting extradition to the U.S. to face conspiracy, money laundering and other charges,…