SAO PAULO (AP) — The Brazilian and the French presidents on Tuesday announced a plan to invest 1 billion euros ($1.1 billion) in the Amazon, including parts of the rainforest in neighboring French Guiana. The two countries’ governments said in a joint statement the money will be spread over the next four years to protect … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
NEW YORK (AP) — U.S. stocks are falling Tuesday after worse-than-expected inflation data forced investors to question hopes that have sent Wall Street to record heights. The S&P 500 was 1.2% lower in afternoon trading as traders delayed their forecasts for when the Federal Reserve will deliver the cuts to interest rates they crave so … Read more
My top 10 things to watch Friday, Feb. 9 1. Stock futures were slightly higher this morning after the S & P 500 briefly crossed 5,000 for the first time in intraday trading Thursday. The broad U.S. stock index is up nearly 5% this year, after gaining more than 24% in 2023. Meanwhile, bitcoin crossed … Read more
NEW YORK (AP) — If you watch the Super Bowl for the commercials, you no longer have to wait until the big game to see what advertisers have in store for viewers. Many companies now release ads ahead of the game in the hope of capitalizing on the buzz that builds as the game approaches. … Read more
CNBC’s Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. “Just because we haven’t seen the likes of them before doesn’t make them bogus,” he said. “They didn’t get their trillion-dollar valuations by fooling the most people. They got there because there … Read more
The rally in big tech extended into late hours after bullish outlooks from two of the megacaps that have powered the stock surge from the bottom: Meta Platforms Inc. and Amazon.com Inc. Their gains outweighed a slide in Apple Inc. A $244 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) climbed, following an advance in … Read more
Snippets from online Amazon customer reviews as well as star ratings are displayed for books at one of the original Amazon Books stores opened in Seattle, Washington in 2015. In 2022, Amazon shut down its physical bookstore business. Stephen Brashear | Getty Images News | Getty Images Within its first month of coming to life … Read more
BANGKOK (AP) — Riot Games, the developer of the popular “League of Legends” multiplayer battle game, is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff. In a lengthy statement to staff issued late Monday, CEO Dylan Jadeja and chief product officer and co-founder of Riot … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more