Wall Street Gains for Third Straight Day as S&P 500 and Nasdaq Rise 0.3%
The positive trend on Wall Street continues. At the close, all the leading indexes were higher.
BusinessThe positive trend on Wall Street continues. At the close, all the leading indexes were higher.
BusinessThe New York Stock Exchange fell sharply on Wednesday after new inflation data. Several AI-linked stocks also traded lower.
TechnologySoftware giant Oracle beat expectations in its quarterly report and is rising in after-hours trading.
BusinessThe Västra Götaland Region is terminating the agreement for the Millennium healthcare system - and paying supplier Oracle SEK 657 million. At the same time, Oracle will continue to manage the current IT systems.
SwedenThe agreement regarding Chinese social media giant TikTok's operations in the US will give the US government the equivalent of SEK 95 billion in various fees, according to sources.
BusinessSocial media giant TikTok has struck a deal with investors to acquire its US operations - forming a joint venture in the country. The deal has been a requirement to continue operating in the US.
BusinessWall Street's leading indexes moved in different directions on Thursday. Defense stocks recovered, while several tech stocks traded lower.
BusinessThe New York Stock Exchange traded remarkably calmly on the penultimate day of the trading year, with small price movements around zero on all three major indexes - which nonetheless ended the day lower.
BusinessTikTok's Chinese parent company Bytedance has signed an agreement to sell its US operations. The announcement is described as the final phase of a multi-year saga surrounding the video service's existence in the US.
BusinessLeading indexes on Wall Street went in different directions on Tuesday after a mixed report on the state of the US labor market.
BusinessThe New York Stock Exchange closed the trading week with significant falls as investors sold off technology stocks amid the AI craze.
TechnologyWednesday's interest rate cut in the US failed to spark a general rally as renewed concerns about overvalued AI stocks sent Wall Street into a tailspin. Cloud services company Oracle fell like a stone.
TechnologyTech stocks linked to the AI sector fell again on Thursday after a one-day recovery during a turbulent week on Wall Street.
TechnologyThe New York Stock Exchange closed sharply lower on Tuesday, as concerns about high stock valuations, especially in AI-related companies, spread after warnings from the heads of major investment banks.
BusinessInvestors on Wall Street continue the week cautiously. The leading indexes in New York fell again on Thursday.
BusinessUSA has demanded that Tiktok's Chinese owners sell their American social media business. Now comes information that Tiktok's business in the USA will be acquired by a consortium that includes Oracle, the venture capital company Andreessen Horowitz and the private equity company Silver Lake Management.
BusinessThe technology giant Amazon has made a late bid for the American operations of the Chinese social media service Tiktok. The mobile technology company Applovin is also said to be in the running, according to sources for The New York Times.
BusinessAfter another eventful stock market day, Wall Street saw new declines at closing. This since the President of the USA, among other things, announced that the USA will introduce penalty tariffs on Canadian steel and aluminum at 50 percent – and then signaled that he is backing down.
BusinessA message about Tiktok's future may come within 30 days. This says the newly elected President of the USA during a question session, and adds that he is having talks with different potential buyers of the app.
BusinessThe tech billionaire Elon Musk, who is close to US President Donald Trump, is questioning Trump's statement that tech companies should invest 500 billion dollars in infrastructure for artificial intelligence.
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