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Artificial Intelligence Frenzy Ebbs: Investors Eye Tech Stocks
The once-sizzling artificial intelligence (AI) stock market surge that propelled tech stocks earlier this year seems to have crested. Investors are now turning their attention...
Mortgage Rates Hit 7% Mark for Fourth Consecutive Week
In a slight pullback, mortgage rates dipped from 7.18% to 7.12% this week, as reported by Freddie Mac. However, this marks the fourth consecutive week...
Chinese Ban on iPhones Rattle Market Value of Apple
Apple experienced a sharp decline in its shares, plummeting nearly 4% on Thursday, triggering a ripple effect across the technology sector. This downturn follows reports...
FDIC Warns Banking Industry of Inflation and Rate Risks
Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg issued a stern warning on Thursday, emphasizing the looming threats of inflation and high interest rates that...
T-Mobile Announces First-Ever Dividend for Shareholders
In a year marked by fluctuations in the telecommunications sector, T-Mobile (TMUS) stands as a resilient outlier, with shares holding steady since the start of...
UAW Talks: General Motors Offers Substantial Wage Increase
In a significant move ahead of the September 14 contract expiration, General Motors (GM) has tabled an offer to the United Auto Workers (UAW) union...
Tesla Charging Network Expands with Hilton and Honda
Charging network of Tesla is set to receive a significant boost with the addition of two major partners, increasing the accessibility of charging stations for...
82 Percent of Americans Hesitate on Home Purchases in August
In a stark indicator of prevailing sentiment, a staggering 82 percent of Americans surveyed in August believed it was an inopportune time for home purchases,...
European Union Sees Modest GDP Growth in Q2 2023, Up 0.2%
The Gross Domestic Product (GDP) of the European Union experienced a marginal growth of 0.2% in the second quarter (Q2) of 2023 compared to the...
Tyson Foods Teams Up with Gatik for Driverless Truck Trials
Tyson Foods (TSN) has joined forces with autonomous vehicle manufacturer Gatik to initiate trials of driverless trucks in northwest Arkansas. The collaborative venture, announced on...
