Tag Archives: soar

[unable to retrieve full-text content]Nvidia continues to soar with US-compliant China chip  Yahoo Finance Source link

[unable to retrieve full-text content]Meta, Google and Amazon saw ad revenue soar, thanks to AI and ad tech  Ad Age Source link

[unable to retrieve full-text content]Bed Bath & Beyond shares gain 92% as meme stocks soar  Yahoo Finance Source link

AI-related stocks are rallying as investors look for ways to make money off the hottest topic in Wall Street: artificial intelligence. The AI craze is fueled by Microsoft (MSFT)-backed OpenAI’s ChatGPT. The chatbot, launched in November, has become wildly popular in the Internet and spurred discussion over efficiencies in the workplace. Shares of AI maker C3.ai (AI), whose clients include Bank of America, Shell, and 3M, have skyrocketed more than 100% year-to-date. Smaller-cap, lesser-known… Source link

With egg prices spiking 59.9% year-over-year, so have the number of attempts to bring them across the U.S.-Mexico border. “There has been a large increase in the volume of prohibited food items, such as raw eggs and raw poultry meat, brought by travelers from Mexico. We would like to remind the traveling public that federal agricultural regulations remain in effect,” said Jennifer De La O, CBP Director of Field Operations in San Diego, said in a recent release. Roger Maier, a U.S. Customs… Source link

The cost of eggs stood out in Thursday’s CPI report — rising 59.9% year-over-year and 11.1% month-over-month from November to December. This marked the largest monthly increase since April 2020 and the largest annual jump since September 1973, according to Steve Reed, an economist at the Bureau of Labor Statistics (BLS). Eggs, he said, single-handedly brought up the cost of groceries in December, which rose 0.2% month-over-month. “If you sort of removed eggs, if you took eggs out of [the… Source link

U.S. stocks charged sharply higher Tuesday as Wall Street built on momentum from a broad market rally that kicked off the month and quarter earlier this week. The benchmark S&P 500 surged 3%, its largest two-day climb since April 2020 — with the strongest daily breadth reading since late 2018, per data from Bespoke Investment Group. The Dow Jones Industrial Average jumped 826 points, or 2.8%, for its second straight day of gains of more than 700 points. The technology-heavy Nasdaq Composite… Source link

U.S. stocks rallied Wednesday, recovering this week’s losses as investors barreled through the earnings season and weighed upbeat economic data out of the services sector. The S&P 500 jumped 1.6%, and the Dow Jones Industrial Average gained 450 points, or roughly 1.4%. The tech-heavy Nasdaq Composite surged 2.6%. Bonds also pushed forward after hawkish Fedspeak Tuesday, with the benchmark 10-year Treasury yield near 2.8% and the 2-year yield topping 3.1%. Economic data out Wednesday that showed… Source link

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981 — rising 9.1% year-over-year, up from May’s 40-year high of 8.6%. Soaring food prices contributed significantly to the surge with the category seeing increases of 1% over the month and 10.4% annually, the biggest 12-month increase since the period ending February 1981. Grocery prices rose 1% last month and 12.2% on a year-over-year basis with the prices of cereal, bread, and chicken seeing increases of… Source link

(Bloomberg) — US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. Most Read from Bloomberg While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4% higher after surging as much as 8.3%, as Chinese regulators were said to be close to wrapping up their investigation of Didi Global Inc. The company’s American depositary receipts… Source link