ITSE08 – Good Info

Wall Street drops but off session lows after Fed rate hike, trading choppy

Fed raises interest rates, sees ‘continued increases’ Indices down: Dow 0.96%, Standard & Poor’s 0.40%, Nasdaq 0.03% Feb 1 (Reuters) – U.S. stock indexes fell in choppy trade on Wednesday, bouncing back from session lows when the Federal Reserve raised interest rates by a quarter of a percentage point and said it expected “continued increases” …

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The Norwegian Wealth Fund records record losses of $164 billion

Leave a Comment / Business / By Niko

The loss in 2022 surpassed the previous record from 2008 Inflation and geopolitical tensions remain risk factors Record flow of funds from the oil and gas industry OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, ending a three-year streak …

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The S&P 500 closed slightly in the red as weak corporate guidance fueled recession fears

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AT&T adds bonuses to subscribers General Dynamics Slips After Poor Expectations Tesla, IBM published results Indices: Dow Jones up 0.03%, Standard & Poor’s 500 down 0.02%, Nasdaq down 0.18%. NEW YORK (Reuters) – The Standard & Poor’s 500 Index closed nominally lower on Wednesday as a string of corporate earnings turned from dovish to dismal, …

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Microsoft is investing more in OpenAI as the technology race heats up

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January 23 (Reuters) – Microsoft Corporation (MSFT.O) On Monday it announced an additional multibillion-dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc. (GOOGL.O) The Google. Recently touting an artificial intelligence (AI) revolution, Microsoft is building on a bet it …

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Wall Street is rising, supported by the technological recovery

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Baker Hughes falls due to lack of fourth-quarter earnings estimates Activist investor Elliott Management is involved with Salesforce Potato chips on track for biggest daily gain since November Indices rose: Dow 0.98%, Standard & Poor’s 1.41%, Nasdaq 2.09%, NEW YORK (Reuters) – Wall Street jumped on Monday, propelled higher by technology stocks as investors kicked …

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