The future of OpenAI has been thrown into uncertainty as the company reportedly lacks the funds to honor its $300 billion deal with Oracle Corporation (NYSE: ORCL).
The Federal Trade Commission (FTC) has initiated an investigation into the potential adverse effects of artificial intelligence (AI) chatbots on children and teenagers. The probe encompasses seven major companies, including OpenAI, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta (NASDAQ: META), and Snapchat (NYSE: SNAP).
Nepal's social media ban ignited deadly Gen Z-led protests over corruption and censorship, leaving 19 dead, over 100 injured, and forcing the interior minister to resign.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. Luckily for them, the market seems to believe there is a long runway for growth
as the industry has recorded a 12.4% gain over the past six months, beating the S&P 500 by 3.5 percentage points.
Shares of social network Snapchat (NYSE: SNAP)
jumped 3.1% in the morning session after amid a broad market rally as Federal Reserve Chair Jerome Powell signaled potential interest rate cuts. The social media company's shares benefited from a broad market rally after Federal Reserve Chair Jerome Powell indicated that interest rate cuts could be on the horizon. Powell's comments sent a wave of optimism through Wall Street, causing major indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq to climb sharply. Investors reacted positively to the prospect of easier monetary policy, which generally boosts growth-oriented technology stocks by potentially lowering borrowing costs and improving the overall economic outlook.
