Bank of America
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Amazon
Nasdaq falls over 3% to six-month low on growth concerns
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Adobe
Adobe brings free Photoshop app to phones, courting younger users
Adobe is bringing its Photoshop app to mobile phones for the first time, offering both a free version and a paid version at the lowest cost yet for the app.
Beijing
Nasdaq touches over one-month low after weak consumer sentiment data
The tech-heavy Nasdaq led Wall Street declines, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment.
AI
Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
AI
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Short sellers of AI-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street.
ADP National Employment
US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Bellevue Hospital
Luigi Mangione Brought On Harvey Weinstein’s Prison Consultant Craig Rothfeld
Luigi Mangione, the man accused in the point blank murder of UnitedHealthcare CEO Brian Thompson, has brought on the same New York prison consultant as Harvey Weinstein.
Amazon
Wall St rises in first trading session of 2025; Tesla slides
Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts.
Atlanta Fed
US core capital goods orders rebound as economy eyes strong end to 2024
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.