Nasdaq soars above 20,000 for the first time as stocks jump on rate-cut bets
The Wall Street subway stop The Nasdaq Composite soared to a record high on Wednesday as the latest inflation report bolstered confidence in a final interest rate cut this year. The tech-heavy index rose as much as 1.8% by 1:30 p.m. ET, reaching an all-time high of over 20,041. The S&P 500 also gained sharply,…
Stock market today: Indexes slip as investors brace for November inflation report
The November inflation report will be released Wednesday morning. The year-end rally wavered for a second day this week, with major US indexes slipping through Tuesday’s session. The Dow Jones Industrial Average lost over 150 points, and the S&P 500 and the Nasdaq Composite also dropped. A Chinese probe into Nvidia pulled equities lower in…
Scoop: Particle Health lands $10 million in funding after lobbing antitrust lawsuit against medical records giant Epic
Particle Health has been embroiled in a heated battle with EHR giant Epic Systems since March. Healthcare startup Particle Health has been battling electronic health records giant Epic Systems all year. Now, the startup just raised some extra cash to add fuel to the fire. The startup has raised an additional $10 million from its…
Marc Andreessen says he’s spent ‘half’ his time at Mar-a-Lago since the election, weighing in on tech and economic policy
Ben Horowitz and Marc Andreessen each donated $2.5 million to a pro-Trump super PAC. Marc Andreessen said in a recent podcast appearance that since Election Day, he has spent roughly “half” his time at Mar-a-Lago discussing policy issues with President-elect Donald Trump. Speaking with Bari Weiss for an episode of her “Honesty” podcast, the venture…
Walgreens could sell to private equity — and investors are thrilled
Walgreens is in talks to sell itself to a private equity firm, The Wall Street Journal reported. Walgreens is considering selling itself to a private equity firm, in a deal that could be done early next year. Walgreens is in talks with Sycamore Partners to take the publicly listed company private, The Wall Street Journal…
BlackRock CFO Martin Small outlines the asset management giant’s top 3 criteria for every acquisition
Former President Donald Trump was attacked by a gunman identified by authorities as Thomas Crooks, whom BlackRock said also featured in an ad about a teacher at Bethel Park High School. BlackRock is spending top dollar in its quest to dominate private-markets investing, recently agreeing to buy private-credit firm HPS Investment Partners for $12 billion.…
They bought an $800 AI robot for their kids. Now the company is shutting down — and children are having to say goodbye.
The Moxie robot toy is going out of business, and children are having to say goodbye to their friends. Moxie, an AI-powered toy robot aimed at preschoolers and other children, is shutting down — leaving parents in the position of having to explain that a beloved companion is going away. It’s a new wrinkle in…
LinkedIn influencers say they’re seeing big engagement boosts by posting TikTok-like videos
LinkedIn has a TikTok-like video feed. LinkedIn is taking aim at TikTok — and creators are intrigued. Since the spring, the Microsoft-owned platform has been gradually rolling out a TikTok-style vertical video feed that features career advice, industry news, and other creator content. A LinkedIn spokesperson said “most” users now have access to it. Videos…
Google worried its Gemini Workspace product lagged rivals like Microsoft and OpenAI in key metrics, leaked documents show
Aparna Pappu, former head of Google Workspace, onstage at Google IO 2023 As Google pours untold amounts of cash into AI, it’s banking on products such as Gemini for Google Workspace to turn that investment into revenue. An internal presentation reveals the company worried that Gemini lagged behind its rivals across key metrics. Gemini for…
