CNBC experts wonder if the AI business is ending and what investors should do next
Amid a sharp rout in tech stocks, investors told CNBC on Thursday that something could be fundamentally broken in the AI business following Democrats’ big success in Tuesday’s midterm elections and the threat that they will try to slow data…
2027 tax brackets and federal income tax rates
Hirurg | E+ | Getty Images The IRS announced new federal income tax brackets and standard deductions for 2027. In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to the 2027 tax year for returns filed in…
2 people arrested after psilocybin candy was given to children on Halloween – NBC 7 San Diego
An 80-year-old man and a 45-year-old man suspected of distributing psilocybin gummies, also known as “magic mushrooms,” to at least 15 children in Ocean Beach were taken into custody Wednesday after a search warrant was served at the home…
John Deere announces plant closures in Iowa and production continues until 2029
Contacted by DTN for additional information, Deere said the specific employment effects “will depend on future business conditions, production volumes and staffing needs.” Thus, with “normal” production volumes, around 300 positions would be…
McDonald’s is testing menu bundles ahead of its national launch in 2027
A “Barron’s Roundtable” panel discusses how the fast-food chain will handle consumers’ wallet pinching. McDonald’s is testing new value menu offerings with a view to launching a new national value menu program in early 2027.…
Micron stock plunges amid memory chip shortage
Memory chip shortages are having ripple effects throughout the technology sector, leading to lower production and higher prices for computers, smartphones and other devices. Micron Technology (MU) stock fell sharply on Thursday following the trend.…
Micron stock falls 12% as chip selling intensifies
Shares of memory chip maker Micron Technology (MU) fell 12% as chip selling intensified on Thursday. Peer SK Hynix (SKHY), as well as memory and storage names Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) all fell by double-digit percentages…
Nvidia has lost nearly $1.4 trillion since its October record
Nvidia (NVDA) is on track for its fifth straight week of losses, and the decline since its October record has now erased nearly $1.4 trillion in market value. Thursday did a lot of damage. At its morning low, Nvidia was down more than 9%, dropping its…
So, about that Anthropic IPO. . .
Stay informed with free updates Simply register at US stocks myFT Digest – delivered straight to your inbox. Maybe you’re old enough to remember yesterday, when Wall Street stocks posted their biggest gain in three months as investors bet that…
Musk’s SpaceX shares plunge as tech and AI stocks fall
“A lot of our change over this year has really been realizing that since San Francisco is trying to build infrastructure in Texas and Georgia and other places, you can’t just tweet and say, ‘This is going to be good.’ You have to…