FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups
FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups
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Fed’s preferred inflation gauge hit lowest level in 3 years in December
The Federal Reserve’s favorite inflation gauge rose just 0.2% from November to December — the lowest level in nearly three years. The latest data on the personal consumption expenditures price index — also known as “core inflation” which strips away food and energy costs — is likely to whet the appetites of Wall Street investors…
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IBM, Lam Research rise; Tesla, Humana fall, Thursday, 1/25/2024
NEW YORK — Stocks that traded heavily or had substantial price changes on Thursday: Tesla Inc., down $25.20 to $182.63. The electric vehicle maker reported disappointing fourth-quarter earnings and warned of “notably lower” sales growth this year. International Business Machines Corp., up $16.50 to $190.43. The technology and consulting company beat analysts’ fourth-quarter earnings and…