November 2024 | Page 2 of 6 | Stock Market News

Generative AI’s Scaling Strategy Faces Plateau Concerns

The tech industry’s strategy of expanding generative AI by relentlessly scaling up models — more chips, more data, bigger budgets — is facing scrutiny as reports suggest growth may be plateauing. OpenAI,

6 days ago

Tech

U.S. Inflation Stays Firm in October, Complicating Fed’s Rate Cut Path

U.S. consumer prices continued their steady climb in October, driven primarily by higher shelter costs, including rent and lodging. According to the Labor Department’s latest report, the Consumer Price Index (CPI) rose

6 days ago

Economy

Warren Buffett Pauses Stock Buybacks, Signals Caution Amid Market Conditions

Warren Buffett, CEO of Berkshire Hathaway, made waves in the investing community by ending the company’s six-year streak of stock buybacks. According to filings with the Securities and Exchange Commission, Berkshire chose

6 days ago

Investing

Rivian Shares Surge 15% After Volkswagen’s $5.8 Billion Investment

Rivian Automotive’s shares saw a significant boost of over 15% on Wednesday following the announcement of a $5.8 billion investment from German automaker Volkswagen. This strategic move forms part of a new

6 days ago

Investing

Luxury Goods Market Faces First Slowdown in 15 Years Amid Economic Challenges

The global personal luxury goods market is set to experience its first significant slowdown in 15 years, excluding the pandemic lockdowns, as macroeconomic uncertainties and a sluggish Chinese economy impact consumer spending.

6 days ago

Economy

China Unveils J-35 Stealth Fighter at Air Show, Signaling Strategic Moves in Air Power

China has showcased its second fifth-generation stealth fighter jet, the Shenyang J-35, at its largest air show, positioning itself as the only country aside from the United States with more than one

6 days ago

World

Germany Sets Early Federal Election for February as Coalition Collapses

Germany is preparing for an early federal election on February 23, after the unexpected collapse of Chancellor Olaf Scholz’s three-year ruling coalition last Wednesday. Initially, Scholz suggested March as a potential election

6 days ago

Politics·World

Amazon Expands AI Ambitions with New Custom Chips to Challenge Nvidia

Amazon is gearing up to unveil its latest artificial intelligence (AI) chips as it intensifies its push to reduce dependency on Nvidia and maximize returns from its substantial semiconductor investments. The Big

6 days ago

Business·Tech

Investors Eye Inflation Trends as Stock Market Hits Record Highs

Investors are set to closely monitor inflation data in the coming week, as they assess whether current trends can sustain the stock market’s record-breaking rally following Donald Trump’s victory in the U.S.

6 days ago

Markets

Spirit Airlines Faces Financial Turbulence Amid Bankruptcy Concerns

Spirit Airlines, known for its ultra-low-cost model, announced on Tuesday that it is in constructive discussions with creditors while exploring strategic options to boost its liquidity. The company emphasized that negotiations with

6 days ago

Business

November 2024 - Page 2

Generative AI’s Scaling Strategy Faces Plateau Concerns

U.S. Inflation Stays Firm in October, Complicating Fed’s Rate Cut Path

Warren Buffett Pauses Stock Buybacks, Signals Caution Amid Market Conditions

Rivian Shares Surge 15% After Volkswagen’s $5.8 Billion Investment

Luxury Goods Market Faces First Slowdown in 15 Years Amid Economic Challenges

China Unveils J-35 Stealth Fighter at Air Show, Signaling Strategic Moves in Air Power

Germany Sets Early Federal Election for February as Coalition Collapses

Investors Eye Inflation Trends as Stock Market Hits Record Highs

Spirit Airlines Faces Financial Turbulence Amid Bankruptcy Concerns

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