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As the holiday-shortened week begins, stocks are expected to continue their momentum despite facing a historically weak period for markets. Last week, the Dow Jones Industrial Average and Nasdaq Composite had their best week since July, while the S&P 500 posted its best weekly performance since June. This return of risk-on sentiment to Wall Street
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Qualcomm, primarily known for its chips and modems in Android phones, has expanded its reach into the automotive industry with its Snapdragon Digital Chassis. This package includes hardware chips, sensors, and software that automakers like GM, Hyundai, and Volvo can utilize in their vehicles. Qualcomm aims to leverage the growing interest in generative artificial intelligence
3M, a multinational corporation, is nearing the end of the largest mass tort litigation in U.S. history, with a settlement of approximately $6.01 billion. This settlement involves around 250,000 plaintiffs, mainly military veterans and service members, who alleged that 3M manufactured defective earplugs that caused hearing loss. The court-appointed lead plaintiffs’ counsel, Bryan Aylstock, expressed
The rapid advancement of technology, particularly in the field of artificial intelligence (AI), has provided immense opportunities and challenges for society. To address the complex implications of AI, renowned leaders in the tech industry, such as Elon Musk, Mark Zuckerberg, Satya Nadella, Sundar Pichai, Sam Altman, Jensen Huang, and Eric Schmidt, will gather at the
The first half of 2023 has seen exchange-traded funds (ETFs) linked to the artificial intelligence (AI) boom perform exceptionally well. However, as investors weigh the tech-driven hype against higher interest rates, momentum is shifting. According to Global X Chief Investment Officer Jon Maier, the impact of interest rates is causing the markets to reconsider their
Tesla CEO Elon Musk has been generating buzz on social media with his promotion of the company’s highly-anticipated Cybertruck. First unveiled in November 2019, this futuristic-looking electric pickup truck has garnered attention for its unique design and technological features. However, despite the hype, Tesla has not released final pricing and specifications for the Cybertruck, leaving