News from the economy, politics and the financial markets
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As Americans head to the polls, social media companies are in the spotlight
Social media companies are under intense pressure to squash the spread of disinformation on their platforms during the 2024 elections
Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000
Cryptocurrencies inched higher as investors looked forward to results from the U.S. presidential election.
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
Meta extends ban on new political ads past Election Day
Meta extends restriction period for new political ads throughout the week of the U.S. elections.
Marqeta shares plunge more than 30% on big forecast miss
Marqeta shares plummeted after the company's forecast for the fourth quarter fell shy of analysts' expectations.
Palantir shares surge on rosy revenue outlook
Palantir is seeing a pickup in artificial intelligence among its U.S. government client base.
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.
The Dow needs Nvidia to give chipmakers representation in index after Intel's plunge
Intel has fallen so far so fast that the chipmaker's stock price is no longer having an impact on the Dow Jones Industrial Average.
Barry Diller calls timing of The Washington Post's non-endorsement a 'blunder'
Expedia chairman Barry Diller called the timing of The Washington Post's decision not to endorse a presidential candidate a "blunder."
Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
The pro-crypto super PAC Fairshake says it's raised $78 million for the 2026 midterms.
AppLovin's 300% surge in 2024 leaves ad-tech company with big expectations for earnings
With its stock having quadrupled this year, AppLovin has outperformed all other U.S. tech companies valued at $5 billion or more.
SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip
SK Group Chair Chey Tae-won said Nvidia CEO Jensen Huang asked him if SK Hynix could move the supply of high-bandwith memory (HBM) chips forward by six months.
Affirm expands buy now, pay later service to the UK, heating up local competition
Affirm, the U.S. buy now, pay later firm, on Monday launched its services in the U.K. — its first expansion overseas.
Google's cloud outpaces rivals in third quarter as AI battle heats up
One takeaway from tech earnings reports this week is that Google's cloud business is gaining momentum.
Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
Nvidia is replacing Intel in the Dow Jones Industrial Average, a shakeup that reflects a massive change in the semiconductor industry.
Amazon shares jump 6% after earnings beat
Amazon's latest upbeat results were driven by growth in cloud and digital advertising.
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.
Apple to buy Pixelmator, the iPhone image editing app with AI features
Pixelmator said there "will be no material changes to the Pixelmator Pro, Pixelmator for iOS, and Photomator apps at this time."
Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
Startup founders and investors slammed capital gains tax hikes in the U.K., saying it would make it harder for the country to succeed as a global tech hub.
Apple sales rise 6%, company seeing early iPhone 16 demand
Apple reported earnings after the bell. Here are the results.
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