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AI darling Nvidia’s market value surges closer to Apple

Nvidia shares rose about 6% to a record high on Tuesday, putting the AI ​​chipmaker’s market capitalization about $100 billion away from overtaking Apple in a major restructuring of Wall Street’s biggest players. Last trading at $1,128, NVIDIA’s market cap now stands at $2.8 trillion, compared with $2.9 trillion for Apple, the second most valuable […]

Dow surges nearly 500 points after Fed hints at rate cut

Stocks on Wall Street were volatile but soared Wednesday. The Fed left its main interest rate unchangedwas in line with expectations, but indicated that the next move in interest rates would likely be a rate cut. The Dow Jones Industrial Average rose 476 points, or 1.3%, to $38,292. The S&P 500 rose 0.9% and the […]

Florida real estate inventory surges, sellers slash prices

Real estate inventory in some parts of Florida has skyrocketed to uncomfortable levels, and sellers are starting to cut prices, according to the report. On Florida’s West Coast, the number of homes for sale and the rate at which current owners are reducing their asking prices has skyrocketed. According to the report Real estate company […]

Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership

Microsoft on Thursday reported third-quarter revenue that beat Wall Street expectations, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in the quarter that ended in March, compared with analysts’ consensus estimate of $60.8 billion, according to LSEG data. Shares of the Redmond, Washington-based […]