Wall Street ends higher, posts weekly gains ahead of Fed meeting

PCE: Inflation slows with consumer spending American Express and Visa climb higher on solid demand Chevron falls after missing earnings estimates Indices up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a turbulent week in which economic data and corporate earnings forecasts … Leer más

Tech stocks are having their best January in decades — here’s why it might not be a good sign

Tech stocks are on a tear to start 2023, but that could actually be a worrying signal. The Nasdaq COMP composite index, +0.95% is up 11% so far this month, on track for its best January performance since posting a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 rally cooled … Leer más

Amazon will charge delivery fees on fresh grocery orders under $150

Brendan McDermid | Reuters Amazon will start charging delivery fees for fresh grocery orders under $150, which it says will help keep prices for its services low. Starting Feb. 28, Prime members who want home delivery by Amazon Fresh will incur a $9.95 delivery fee for orders under $50, while orders between $50 and $100 … Leer más

Electric vehicle maker Lucid rushes Saudi PIF report to buy remaining stake

Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an «uncooked» alert attributed to deals website Betaville, using its term for market gossip. Lucid was the … Leer más

TikTok, the “day in the life” of Google employee Nicole Tsai, was fired

The ‘day in the life’ video of a fired Google worker on TikTok has gone viral as she captured her heartbreak after finding out she was one of 12,000 female workers fired by the tech giant earlier this week. Nicole Tsai, a TikTok «vlogger» based in Southern California, breaks down in tears in the video … Leer más

FTX’s creditors include Goldman Sachs, The New York Times and Netflix

New York CNN — Recently unsealed bankruptcy documents have revealed thousands of creditors who FTX owes after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named to the list of creditors, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX … Leer más

Japan tightens sanctions against Russia after deadly missile strikes in Ukraine

TOKYO, Jan 27 (Reuters) – Japan on Friday tightened sanctions against Russia following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of Russian officials and entities. The decision comes after Russia launched missile attacks in Ukraine, killing at least 11 people on Thursday, following … Leer más

BuzzFeed Soars on Meta Deal Reports, Plans to Use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META DEAL) and plans to use artificial intelligence to personalize and improve the digital media company’s quizzes and online content. The stock was 19% higher in extended trading, having more than doubled in value … Leer más

A 26-year-old founded a medical start-up – the same year he lost almost half of his vision

Kevin Choi, CEO of Medi Whale, said he firmly believed his diagnosis was «no coincidence». mediwhale As a Republic of Korea Marine Corps rifleman who underwent rigorous training as part of his National Service, Kevin Choi had «no doubts» about his medical condition. «I have pretty severe myopia, but I still believed I was very … Leer más

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