Written by Big Tech slump pushes Nasdaq sharply lower amid China’s AI push The opening bell has rung on Wall Street, and technology stocks have plunged, with the tech-heavv Nasdaq losing 3.5%. The Nasdaq and the S&P 500 fell to their lowest levels in more than a week, as the popularity of a low-cost Chinese AI model […]
The same tech companies that have benefitted from the AI frenzy in the past year were getting pummeled before markets even officially opened on Monday. NEW YORK — Wall Street is tumbling Monday on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that […]
SALT LAKE CITY (ABC4 Sports) – Rookie Isaiah Collier drove for the go-ahead layup with 2 seconds left to lift the Utah Jazz to a 112-111 overtime victory over the Brooklyn Nets on Sunday night. Collier finished with a career-high 23 points, seven rebounds and seven assists, and Collin Sexton added 21 points to lead the Jazz, snapping a three-game losing streak. The […]
US stocks sank to their second-worst loss of the year after the Federal Reserve signalled that it may deliver fewer interest rates cuts in 2025 than earlier thought. The S&P 500 dropped 2.9 per cent to pull further from its all-time high set a couple of weeks ago. The Dow Jones sank 2.6 per cent, […]
Hunter Dickinson and Kansas held on to beat North Carolina on Friday night and pick up their first top 10 win of the season. (AP/Charlie Riedel) The 2024-25 men’s college basketball season is officially off and running, and the top of the sport is still largely holding strong — starting with top-ranked Kansas after its […]
Article content (Bloomberg) — Sluggish demand for electric vehicles haunted South Korean battery maker LG Energy Solution Ltd., dragging its profits down by almost 40% from a year earlier. LG Energy’s operating profit for the three months ended Sept. 30 was 448.3 billion won ($323 million), according to a company statement Monday. While that was […]