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Investing.com– The S&P 500 closed just shy of a record high Wednesday, underpinned by a Netflix-led surge in tech as well as a rally in AI stocks after President Donald Trump unveiled a major $500 billion project to boost domestic AI development. At 4:00 p.m. ET (21:00 GMT), the index…
By Dawn Chmielewski (Reuters) -Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game” attracting a record number of new customers, the company reported on Tuesday. The streaming giant said it…
By Sinead Cruise and Tommy Reggiori Wilkes LONDON (Reuters) – For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. This year may mark a turning point as more boardrooms explore combinations, say executives, advisers and investors. European banks…
Corporate bankruptcies hit their highest level in over a decade in 2024, according to S&P Global.There were 694 bankruptcy filings in 2024, S&P said. Delinquency rates on business and personal loans also climbed last year, Fed data shows.Corporate bankruptcies rose to a 14-year peak in 2024, jumping to the highest…
Investing.com– Asian stocks were largely muted on Thursday as trading remained thin with major stock indexes shut for holidays, while Japanese shares climbed after a report showed Japan planning a record budget for the upcoming fiscal year. Stock markets in Indonesia and Hong Kong were closed for Christmas, while Australia…
By Timothy Gardner and Laila Kearney WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Energy said on Tuesday it had offered a conditional loan of up to $15 billion to California-based electric utility PG&E (NYSE:) to support climate resilience projects and strengthen the power grid. President Joe Biden’s administration is…
By Chuck Mikolajczak NEW YORK (Reuters) -The Nasdaq hit a record high on Monday and the also rose as investors assessed the latest economic data while awaiting the Federal Reserve’s final policy announcement of the year later in the week to gauge the path of interest rates. Markets have almost…
By Dhara Ranasinghe and Tom Westbrook LONDON (Reuters) -Bitcoin broke $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell. France’s government lost a confidence vote…
On analyst call, Benioff recounted a recent injury while on a scuba trip to Fakarava.The CEO brushed off the incident, while highlighting early traction for Agentforce.Wall Street sees Agentforce’s success as crucial for Salesforce’s growth.There’s nothing like an AI-powered stock surge to take your mind off other problems. On Tuesday,…
On Monday, shares of MARA (NASDAQ: MARA) saw a marginal decline of 1% as the price of bitcoin experienced a downturn. This movement came even as the company announced a significant update on its mining operations. MARA, a prominent player in the digital asset sector, has been subject to heightened…
