NEW YORK (AP) — U.S. stocks are hanging near their record heights Friday as Wall Street heads toward the close of its 12th winning week in the last 13. The S&P 500 was virtually unchanged in early trading after setting a record high for five straight days. The Dow Jones Industrial Average was up 52 … Read more
NEW YORK (AP) — Wall Street is rising again Monday to build on its all-time high reached last week. The S&P 500 was 0.5% higher in early trading. The Dow Jones Industrial Average was up 178 points, or 0.5%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.6% higher. Macy’s climbed 2.1% … 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
In November, CNBC visited Apple’s campus in Cupertino, California, to get a look inside one of the company’s many chip labs. CNBC also got a rare chance to talk with the senior vice president of hardware technologies, Johny Srouji, and Apple’s senior vice president of hardware engineering, John Ternus, about the company’s push into the … Read more
Tech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor. That’s not to say they all want the same thing. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that’s advocating … Read more
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
My top 10 things to watch Tuesday, Oct. 24 1. U.S. stock futures rose Tuesday ahead of the first quarterly earnings reports from the mega-cap tech stocks. Look for our alerts following the announcements from Microsoft (MSFT) and Alphabet (GOOGL) after the bell. Here’s what we hope to see from Microsoft . 2. On Sunday, … Read more
The leading association of global chip companies is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China, a shadow manufacturing network that would let the blacklisted company skirt US sanctions and further the nation’s technology ambitions. Huawei, a controversial telecommunications gear maker at the heart of US-China tensions, moved … Read more
UK government officials have held discussions with tech giants Nvidia Corp., Advanced Micro Devices Inc. and Intel Corp. about procuring equipment for national artificial intelligence research, according to the Telegraph. The government has allocated £100 million ($127 million) for AI chips, the Telegraph reported on Sunday. It said efforts may be in “advanced stages” of … Read more
Nvidia’s surge past $1 trillion market cap puts it alongside household names Amazon, Apple, Microsoft and Alphabet. Baked into the stock price is a slew of assumptions about growth, including quadrupling net income this year. Nvidia’s graphics chips have proven to be the best for training AI models, and the company’s forecasts show insatiable demand. … Read more