US initial jobless claims fell by 13,000 to a seasonally adjusted 224,000 for the week ending December 13. The development comes as a reversal to the previous week’s sharp spike and points to continued restraint in corporate layoffs. The reading is slightly better than consensus expectations of 225,000 and provided reassurance that labor market conditions
Russia’s Foreign Ministry said on Thursday that it hoped the administration of US President Donald Trump would not make a grave error in Venezuela, as tensions between Washington and Caracas continue to rise. Moscow expressed alarm about US policies that could jeopardise international shipping and further destabilise the region. The remarks come after Trump on
US stocks rose sharply on Thursday as investors digested a lighter-than-expected inflation report, easing concerns about persistent price pressures and helping spark a rebound in technology shares after a bruising run. The Dow Jones Industrial Average traded 339 points higher, or 0.8%, while the S&P 500 advanced 1.1%. The Nasdaq Composite outperformed, gaining 1.5%, as
Accenture posted stronger-than-expected first-quarter results on Thursday, helped by rising demand for artificial intelligence-led IT services, as clients increasingly turn to automation and machine learning to overhaul operations. The technology consulting firm reported revenue of $18.7 billion for the quarter, up 6% from a year earlier and ahead of Wall Street expectations of $18.53 billion.
The GE Vernova stock price suffered a harsh reversal as it plunged by over 10% in a single day. It bottomed at $614, down by 15% from its highest level this year, erasing some of the gains it made recently when it boosted its payouts to investors. GE Vernova stock price drops amid AI concerns
Nvidia stock (NASDAQ: NVDA) is climbing as several tailwinds come together to strengthen confidence in the company’s leadership in AI chips. Strong earnings and guidance from Micron helped calm fears that AI-related spending is slowing. Moreover, Nvidia’s aggressive share buyback and cash-rich balance sheet signal management’s confidence that demand will remain strong. Analysts also highlight
CoreWeave stock price continued its downward trend this week as investors remained concerned about the AI bubble. CRWV has dropped in the last four consecutive days, reaching its lowest level since May this year. It has slumped by ~65% from its highest point this year. CoreWeave stock is facing elevated risks CoreWeave, a top company
Warner Bros. Discovery on Wednesday recommended that shareholders reject an unsolicited takeover proposal from Paramount, escalating the high-stakes battle for control of the media group. In a sharply worded letter, the board said the offer raised serious concerns about funding certainty and accused Paramount’s backers, Larry and David Ellison, of repeatedly misleading investors about the
Yearn Finance, one of the leading decentralised finance (DeFi) protocols, has suffered a significant setback as its legacy TUSD vault fell victim to a sophisticated exploit. According to security firm PeckShield, attackers managed to extract approximately $300,000, converting the stolen assets into 103 Ether now held at the address 0x0F21…4066. PeckShieldAlert @PeckShieldAlert ·Follow #PeckShieldAlert YearnFinanceV1
The Artificial Super Intelligence (ASI) Alliance said ASI:Cloud has begun processing live workloads, marking a significant step in its push to provide decentralized, enterprise-grade AI infrastructure to developers and researchers. The platform offers permissionless access to GPU compute and AI inference services, positioning itself as an alternative to centralized cloud providers at a time of