Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.
Victims of the 2023 data hack at 23andMe will receive a $46.75 million payout from Chrome Holding, the company that acquired 23andMe after its bankruptcy. A California court ordered the settlement, which will be distributed by Kroll Restructuring to affected individuals.
Weight-loss medications like Wegovy and Mounjaro are significantly altering UK consumer spending. Research indicates users spend less on groceries and eating out, shifting purchases towards healthier options and products that mitigate side effects, though spending patterns may revert upon cessation.
Kalshi traders are betting on low probabilities for the US government taking a stake in OpenAI or Anthropic this year, with odds under 30%. However, they see higher chances for stakes in quantum computing firms Rigetti Computing and D-Wave Quantum, and semiconductor manufacturer GlobalFoundries, with odds over 60%.
Jim Cramer described Tuesday's market activity as a "vintage day" on Wall Street, noting a shift in investor focus from AI chip stocks to lagging megacap tech companies like Amazon, Alphabet, and Meta, following Samsung's earnings report.
Netflix, Disney, and YouTube are reportedly interested in acquiring U.S. broadcast rights for the 2030 and 2034 FIFA World Cups, potentially challenging Fox and sparking a bidding war. FIFA may bundle English and Spanish rights, increasing the expected $1.5-$2 billion price tag per tournament.
Nvidia's stock edged higher despite a broader chip sector decline, showing bullish options activity. This comes after a report claimed manufacturing delays for its next-gen server racks, which the company disputed.
