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S&P 500’s slip below key technical level may foreshadow deeper setback, LPL says

(Reuters) -The S&P 500's drop below a closely watched technical threshold could signal a deeper pullback ahead, research from LPL Financial showed on Tuesday, underscoring growing pressure on equities as tech and AI trades unwind globally. The benchmark index closed below its 50-day moving average ...
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Microsoft launches tracker to manage autonomous AI in the workplace

By Jeffrey Dastin SAN FRANCISCO (Reuters) -In Microsoft's view, humans are not the only ones to manage in a workplace. Artificial intelligence needs a manager, too. The software maker on Tuesday announced Microsoft Agent 365, a program for its customers to track what it expects to ...
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US corporate credit spreads widen as equities market falls

By Matt Tracy WASHINGTON (Reuters) -U.S. corporate credit spreads widened on Monday as the U.S. stock market closed below a key technical indicator for the first time in months. The average option-adjusted spread on U.S. high-yield corporate credit, or the premium over Treasury spreads paid ...
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Microsoft partners with Anthropic and Nvidia in cloud infrastructure deal

SAN FRANCISCO (AP) - Microsoft said Tuesday it is partnering with artificial intelligence company Anthropic and chipmaker Nvidia as part of a cloud infrastructure deal that moves the software giant further away from its longtime alliance with OpenAI. Anthropic, maker of the chatbot Claude that ...
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Wall Street eyes lower open as valuation concerns, rate-cut jitters linger

By Shashwat Chauhan and Twesha Dikshit (Reuters) -Wall Street was set to fall at the open on Tuesday, as concerns over lofty equity valuations and dimming chances of an interest rate cut from the Federal Reserve weighed on sentiment, while investors look ahead to Nvidia's ...
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Amazon’s Zoox robotaxis service to give free rides in San Francisco as its expansion accelerates

SAN FRANCISCO (AP) - Amazon's Zoox will start giving free robotaxi rides through parts of San Francisco as it accelerates its attempt to challenge Waymo's early lead in the race to transport passengers in self-driving vehicles. The expansion announced Tuesday will be confined to a ...
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Kroger to close some automated facilities, to incur $2.6 billion charge

(Reuters) -U.S. grocer Kroger said on Tuesday it would close certain automated fulfillment facilities and incur an impairment charge of about $2.6 billion in the third fiscal quarter of 2025. Kroger said the closure of these automated fulfillment facilities would have a neutral effect on ...
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Wall St opens lower as valuation concerns, rate-cut jitters linger

(Reuters) -Wall Street's main indexes fell at the open on Tuesday, as concerns over lofty equity valuations and dimming chances of an interest rate cut from the Federal Reserve weighed on sentiment, while investors look ahead to Nvidia's earnings and key government data due ...
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Ocado slides as US partner Kroger says it will close three robotic warehouses

(Reuters) -Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January. Ocado stock was down 14.5% at 1434 GMT as it also said its fee revenue will reduce by about ...
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US home builder sentiment subdued in November amid labor market worries

WASHINGTON (Reuters) -U.S. homebuilder sentiment remained subdued in November as concerns about the labor market and household finances weighed on demand, contributing to a surge in the share of builders slashing prices to reduce new housing inventory. The National Association of Home Builders/Wells Fargo Housing ...
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Billionaire Cari Tuna on why the organization she started will offer free advice to other donors

For San Francisco-based billionaire Cari Tuna, the most important decision a philanthropist can make is deciding what cause to support. Starting Tuesday, the organization she helped found will offer help to other major donors making those choices. Tuna, 40, and her husband, Dustin Moskovitz, ...
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Bitcoin drops below $90,000 for the first time since April

NEW YORK (AP) - Bitcoin briefly fell below $90,000 overnight as investors sell once high-flying assets like cryptocurrencies and artificial intelligence stocks. Bitcoin fell to around $89,500 early Tuesday, its first drop below $90,000 since April. The world's most popular cryptocurrency had jumped near ...
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