By Sinéad Carew and Sruthi Shankar (Reuters) -S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including N[...]
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February 9, 2024
NYCB shares surge after top executives disclose stake purchases
By Manya Saini and Niket Nishant (Reuters) -New York Community Bancorp’s shares closed up nearly 17% on Friday after top executives disclosed they had bought stock in the U.S. lender. NYCB has t[...]
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Market breadth suggests narrowing rally as S&P 500 hits records
By David Randall NEW YORK (Reuters) – As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring worries that recent gains could reverse if the mar[...]
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Apple to settle trade secrets lawsuit against chip startup Rivos
By Blake Brittain (Reuters) – Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computer-chip technology, according to a joint court filing[...]
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Musk’s Neuralink switches location of incorporation to Nevada
(Reuters) -Elon Musk’s brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states. The development com[...]
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FAA chief to meet with Boeing in Seattle next week
By David Shepardson WASHINGTON (Reuters) -U.S. Federal Aviation Administration chief Michael Whitaker will travel to Seattle early next week to meet with Boeing as the agency audit’s the planema[...]
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Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artific[...]
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Fed’s Logan: risks more balanced, no urgency on rate cuts
By Ann Saphir Hurst, Texas (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday said she is in no rush to cut interest rates, and while there has been “tremendous progre[...]
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Expedia shares sink after 2024 revenue warning on softening air fares
By Pratyush Thakur (Reuters) -Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth r[...]
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