The US key index, the S&P 500, is on track to post its worst November performance in 17 years, as the AI-led rally that powered Wall Street to multiple record highs in recent months has fizzled out amid growing concerns over its sustainability.
Investors have responded by continuing to sell shares of technology companies,
By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — Wall Street seems to be holding steadier on Friday, for now at least, following weeks of scary swings driven in part by worries that stars like AI stocks and cryptocurrencies shot too high.
The S&P 500 rose 0.4% in morning trading.
US stocks traded mixed on Friday after a week of turbulence amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling as artificial intelligence worries continued to weigh on investors.
The tech-heavy Nasdaq Composite (^IXIC) fell 0.7%, while the S&P 500 (^GSPC) dropped 0.2%,
A new capital raise has Plug Power investors disappointed.
Plug Power (PLUG 0.53%) has been counting on increasing adoption of hydrogen as a power source. But it hasn’t gone as planned. Another capital raise for the company prompted investors to sell the stock this week.
» Read more about: Here's Why Plug Power Stock Fizzled This Week »
So you’ve got a plan for a retirement that likely includes a 401(k), IRA, pension, and/or other long-term savings and investments. But are you actually doing everything you can to make sure your golden years are funded as much as possible? Not everyone is going to be an upper-class retiree with a high net worth,
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Berkshire Hathaway now has three of the leading AI stocks in its portfolio.
The release of Berkshire Hathaway‘s quarterly 13F filing with the Securities and Exchange Commission is always an exciting moment for Warren Buffett’s followers. This public filing details trades by his holding company during the quarter,
By Jeffry Bartash
Companies are banking on lower interest rates, reduced tariffs friction and increased government spending
Customers wait in line earlier this autumn at an Apple Store in New York to see new iPhone models. The U.S. economy appears to be growing at a decent pace as the Thanksgiving holiday draws near.
Reviving and restoring America’s migrating manufacturing base was one of the marquee pledges of President Donald Trump’s successful 2024 campaign. But this renaissance has yet to materialize and certain data suggests that the long-term decline may have hastened under his watch.
When pressed for the rationale for his tariffs, and justification for the economic trade-offs of higher prices and potential supply chain challenges,
» Read more about: US Manufacturing Jobs Have Plunged Since Trump’s Tariffs »
Global stock markets sold off sharply this morning as investors continued to question whether the ‘Magnificent 7’ tech companies have fueled an unsustainable bubble in AI.
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