Business

Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall Street

Amazon on Thursday became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.Amazon on Thursday became the latest tech company to announce swelling investments in A.I. amid stumbling share prices. Computers and the Internet, Artificial Intelligence, Cloud Computing, Company Reports, Data Centers, Alphabet Inc, Amazon.com Inc, Google Inc, Meta Platforms Inc, […]

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DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants

The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform.The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform. DoorDash (Mobile App), Instacart, Delivery Services, Mobile Applications, Mergers, Acquisitions and Divestitures, E-Commerce, Food, Supermarkets and Grocery Stores Read More

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U.S. GDP Increased 3.4% in Third Quarter

Spending by A.I. companies and consumers powered gross domestic product growth in the third quarter. The economy grew 3.4 percent, the fastest pace in a year.Spending by A.I. companies and consumers powered gross domestic product growth in the third quarter. The economy grew 3.4 percent, the fastest pace in a year. Consumer Behavior, Inflation (Economics), United

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Inflation Accelerated in October, PCE Index Shows

The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady. Inflation (Economics), United States Economy, Interest Rates,

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Microsoft Up, Google Down. A Tale of Two Hyperscalers.

Investors are showing little patience for lavish spending and meager returns on companies’ artificial intelligence bets.Investors are showing little patience for lavish spending and meager returns on companies’ artificial intelligence bets. internal-storyline-no, Artificial Intelligence, Microsoft Corp, Google Inc, Alphabet Inc, Meta Platforms Inc, Stocks and Bonds, Search Engines Read More

Microsoft Up, Google Down. A Tale of Two Hyperscalers. Read More »

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next? Read More »

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next? Read More »

Volkswagen ‘Must Act Quickly’ After Largest Loss in Over a Decade

The German carmaker warned that it “must act quickly and decisively” to cut costs.The German carmaker warned that it “must act quickly and decisively” to cut costs. Porsche AG, Volkswagen AG, Automobiles, Company Reports, Electric and Hybrid Vehicles, Samuelsson, Hakan, Germany Read More

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Christine Lagarde to Step Down as President of European Central Bank

Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central

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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data. Inflation (Economics), Banking and Financial Institutions, United States Economy, Interest Rates, United States

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