That was the combined capital spending by Microsoft and Meta Platforms last quarter, nearly double a year earlier. The bulk of it went on chips and data centers to power generative AI services. Read w ...
The stock market was making another push higher around 1:30 p.m. ET after the major indexes relinquished earlier gains. The Dow was up 213 points, or 0.5%. It would be up even more if not for ...
Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade.
The stock market bounced around in the final half-hour of trading as markets reacted to comments from President Donald Trump regarding proposed 25% tariffs on Canada and Mexico. The S&P 500 rose 0.5%.