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For the third straight week, stock market losses continued. All three major indexes ended up lower on Friday. The Dow Jones Industrial Average fell by 0.9 percent or more than 240 points, to 27,657.42. Meanwhile, the Nasdaq Composite and the S&P 500 each dropped by 1.1 percent....
The S&P 500 fell during Wednesday’s trading session, giving up its gains from earlier in the day. Major tech stocks led some of the losses, despite the Federal Reserve promising to keep interest rates low for the foreseeable future. The index was down by 0.1 percent at...
Microsoft says the release date for its new Xbox Series X and Series S is November 10. Consumers will be able to preorder the gaming consoles on September 22. The Series X model will list for $499, while the more economical Series S will cost $299.
On Monday, Amazon received federal approval from the FAA to begin operations delivering packages by drones. The Federal Aviation Administration said Amazon can now “safely and efficiently deliver packages” to its customers via its unmanned aircraft systems. The FAA regulates the certification of drone...
On Friday, Apple announced that it was terminating Epic Games’ developer account. The move means that Epic will no longer be able to make apps for Apple’s iPhone, Mac, or iPad. However, an account associated with Unreal Engine won’t be impacted by the move. Unreal Engine is...
On Thursday, Apple announced that its Board of Directors had approved a four-for-one stock split. Stock splits cater to smaller investors by making the shares more affordable and accessible. For instance, Apple is currently trading at $425.04, and with a stock split, investors would...
The largest bank in the U.S. is set to get even bigger. JPMorgan Chase is partnering with Marqeta, an innovative credit card issuing platform and processor based out of the Bay Area. The collaboration will help launch a virtual credit card product for commercial users.
Warren Buffett’s Berkshire Hathaway stake in Apple is up by $40 billion since it bottomed out in March. Apple shares comprise 40 percent of Berkshire’s equity portfolio. The “Oracle of Omaha’s” investment in the mega-tech company has helped Berkshire plow through the negative impacts...
During Monday morning trading, Tesla briefly became the 10th largest stock in the U.S. according to its market value. At its peak, Tesla stock was worth $321 billion during Monday’s rally. But the momentum didn’t last, and Tesla shares ended up 3.08 percent lower, with its market...
Amazon is expanding its cloud services by adding a tool that will help non-coders build applications. The company is introducing its Honeycode service, which will compete with Google and Microsoft cloud solutions. Honeycode has a visual interface that enables people to build apps for...