Category: Business

The artificial intelligence (AI) trend has given big boosts to the share prices of Nvidia (NASDAQ: NVDA) and Taiwan Semiconductor Manufacturing (NYSE: TSM) over the past year. The two chipmakers’ stocks rose by 204% and 121%, respectively, during the period, crushing the 35% gains recorded by the PHLX Semiconductor Sector index. The massive demand for

(Bloomberg) — Apple Inc. disclosed a 18% pay increase for Chief Executive Officer Tim Cook ahead of its annual meeting next month, while also saying it opposed a shareholder measure calling for an end to the company’s diversity program. Most Read from Bloomberg What Robotaxis Brought San Francisco A Blueprint for Better Bike Lanes NYC

Financial technology (fintech) is a fast-growing segment of the broader financial sector, and revenue generated by companies in this space could be massive. Estimates from BCG put the global fintech market at $1.5 trillion in sales by 2030. That’s just an estimate, of course, but it’s a good indicator of why companies are competing to

By Tom Hals WILMINGTON, Del. (Reuters) – Tesla (TSLA) directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. The settlement requires Tesla board members including Denholm and Murdoch to

Why Is Crypto Down Today: Bitcoin, Tech Stocks Fall as Economic Strength Challenges Rate Cut Hopes The crypto and traditional markets experienced significant declines on January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts. Bitcoin dropped to $96,909, marking an over 5% decline in the past 24

(Bloomberg) — Nvidia Corp. investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker’s shares, which just ended at their first record close since November. Most Read from Bloomberg NYC’s Subway Violence Deters Drive to Bring Workers Back to Office Don’t Shrink the Bus Can American

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(Bloomberg) — Corporate-bond valuations are in nosebleed territory, flashing their biggest warning in almost 30 years as an influx of money from pension fund managers and insurers boosts competition for assets. So far, investors are sanguine about the risk. Most Read from Bloomberg Is This Weird Dome the Future of Watching Sports? NYC Congestion Pricing

Warren BuffettUniversity of Nebraska-Lincoln Berkshire Hathaway increased its stake in VeriSign in the final days of 2024, its largest internet stock holding. VeriSign, a domain registry, is poised for growth in 2025 with a $238 price target by Citi. VeriSign is one of the most profitable companies within the S&P 500. Berkshire Hathaway’s biggest internet

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