The AI craze drove investors to pour a record $8.5 billion into tech funds last week, Bank of America says
Tech stocks have started 2023 on a tear, with the Nasdaq Composite up 25% year-to-date. Noam Galai/Getty Images Investors poured…
The Treasury Department plans to sell $123 billion in T-bills right on the X-date, but there’s a catch
Treasury Secretary Janet Yellen. AP Photo/Patrick Semansky, File The Treasury announced a "tentative" T-bill auction for Monday, based on whether…
Lucid Motors slides after the Tesla rival says it will raise $3 billion, mostly from a Saudi Arabian fund
The Saudi PIF already owns about 60% of Lucid. Lucid Motors Lucid Motors tumbled more than 13% after revealing plans…
Russian missiles and drones had a 90% failure rate in May and that cost the Kremlin $1.7 billion, Ukraine says
Mikoyan MiG-31K fighter jets with Kinzhal hypersonic missiles fly over Moscow's Red Square during the Victory Day military parade. Sefa…
Microsoft’s valuation could surge $300 billion with ChatGPT and AI set to transform its business, Wedbush says
Microsoft shares could rally another 13% thanks to ChatGPT and AI, according to Wedbush's Dan Ives. Justin Sullivan/Getty Images Microsoft's…
A Chinese EV billionaire’s wealth has plummeted 75% to $1.4 billion as aggressive price wars push customers to higher-tier cars — like Tesla or BYD
He Xiaopeng, Chairman and CEO of Chinese electric vehicle maker Xpeng, is now worth $1.4 billion. VCG/VCG/Getty Images The fortune…
Meet Jensen Huang, the 60-year-old cofounder of chipmaker Nvidia, whose wealth has more than doubled this year to nearly $35 billion thanks to the AI boom
Nvidia CEO Jensen Huang. Mandel Ngan/AFP/Getty Images Jensen Huang, Nvidia's cofounder, and CEO, saw his net worth rise by almost…
The Treasury Department plans to issue $170 billion in T-bills right around the X-date as its cash balance shrinks further
Treasury Secretary Janet Yellen. Drew Angerer/Getty Images The Treasury Department plans to issue $170 billion in T-bills right around the…
The ‘AI revolution has begun’: Here’s how Wall Street is reacting to Nvidia’s jaw-dropping earnings report that added $230 billion to its market value
Xinhua/Wang Ying/ Getty Images Nvidia soared 30% and added $230 billion in market value after its blockbuster first-quarter earnings report.…
Africa: IMF approves $3.5 billion loan for Ivory Coast
The West African nation has been under financial strain stemming from the rolling impact of the pandemic, the war in…