The S&P 500 shoots above 4,000 points for the first time ever
CNN
The S&P 500 has topped 4,000 points for the first time ever as investors kick off the second quarter with optimism about the coronavirus recovery.
The index rose nearly 0.9% to a record intraday high of 4,007 points on Thursday. The Dow was last up 0.2%, while the Nasdaq Composite had jumped 1.8%. The advances come after the Institute for Supply Management said that US manufacturing activity grew for the 10th straight month in March. Growing demand helped offset the impact of snarled supply chains and rising commodity prices.
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US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.
Meta CEO Mark Zuckerberg is on a mission for his company to be the first to reach so-called artificial superintelligence — generally considered to mean AI that’s better than all humans at all knowledge work.
President Donald Trump has promised to unleash an economic boom that will turbocharge growth, fatten paychecks and chip away at America’s mountain of debt.
Some Muslim and Middle Eastern tech founders and leaders are among people protesting a prominent venture capitalist’s recent comments blasting New York mayoral candidate Zohran Mamdani.
On Tesla’s earnings call, no one seemed to want to talk about … Tesla’s earnings
Kristin Cabot, the chief people officer of Astronomer, has resigned, the company confirmed to CNN Thursday.
The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty.
President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair Jerome Powell because of the plan’s cost overruns.
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.
The Federal Reserve, one of the most notoriously tight-lipped institutions in Washington, has been suddenly thrust into an unusual situation: a high-stakes public relations battle with the White House.
UnitedHealth Group confirmed Thursday that its Medicare program is under investigation by the US Department of Justice and that it is working with the agency.
Uber is piloting a new option for its US app that will allow female passengers to request women drivers, coming after the company has long grappled with preventing sexual assault on its platform.
The network is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen.