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Shares have been swept up in the software selloff “with little regard for fundamentals,” according to a newly bullish analyst.
Target is cutting around 500 jobs, as it tries to put money into making its stores more appealing places to shop, according to reports.
Asian equities were primed for fresh highs Tuesday, tracking a further recovery in US tech stocks that followed an artificial intelligence-driven rout.
Federal Reserve Bank of Atlanta President Raphael Bostic says he’s starting to see signs that confidence in the US dollar is coming into question. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Microsoft and other hyperscalers are pouring billions of dollars into AI projects, and that’s putting a damper on valuations