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Investing
Opinion: Of all the copyright suits against AI companies, this one could be the game-changer
Close to a dozen copyright infringement cases were filed against several AI companies in 2023, but one lawsuit in particular could have the widest implications.
Since…
Opinion: If this is all the downside the bears can deliver, then the bull market may still be intact
The stock market, as measured by the S&P 500 Index
SPX,
has repeatedly seen rallies thwarted at the 4800 level this year. That is near the all-time high of SPX…
Truist Financial cuts 1,000 jobs to trim costs and beats revenue estimate
Truist Financial Corp. said it swung to a fourth-quarter loss due to a noncash impairment while delivering stronger-than-expected revenue. The bank also…
Large cryptocurrencies mixed as Ethereum rises
Large cryptocurrencies were mixed during morning trading on Thursday, with Solana
SOLUSD,
-7.91%
seeing the biggest move, shedding 2.88% to…
Fisker has ‘arguably become a meme stock’ says Stocktwits
Fisker Inc.’s stock, which fell toward another record low on Thursday, “has arguably become a ‘meme stock’,” according to Tom Bruni, lead writer of the Daily…
Import prices flat in December, a stronger reading than expected
The numbers: The import price index were unchanged in December, the Labor Department said Wednesday. Economists surveyed by the Wall Street Journal were…
U.S. manufacturing in ‘rough shape’ despite tick up in industrial output in December
The numbers: Industrial production rose 0.1% in December, the Federal Reserve reported Wednesday. The gain was above a 0.1% decline, according to a survey by…
Fed’s Beige Book finds signs of a cooling labor market across most of the country
There were signs that the labor market was cooling in nearly all regions of the country, according to a Federal Reserve survey released Wednesday. The…