Google Launches AI Technology That Generates Text, Pictures and Audio

WSJ13:59 ET

Alphabet's Options Volume Triples as Shares Rise After Google Unveils Quantum Chip

Luzi Ann SantosDec 10 13:41 ET

Options Market Statistics: Alphabet Stock Hits Record High on Google's New AI Model; Options Pop

Options Newsman50minutes ago

GM shuts down autonomous driving business shareholder Microsoft (MSFT.US) charges $0.8 billion

Microsoft expects to accrue about $0.8 billion in impairment charges related to GM Cruises in the second fiscal quarter.

Zhitong Finance19:35 ET

Microsoft lost approximately $0.8 billion due to Cruise investment

Microsoft said on Wednesday that it expects to accrue impairment charges of about 0.8 billion US dollars in the second fiscal quarter, related to the company's minority investment in Cruise, an autonomous driving company owned by GM. The day before, GM said it would no longer fund this business because it was too expensive to develop this technology and set up a fleet. Microsoft announced a minority investment in Cruise in January 2021 as part of a $2 billion investment in the autonomous vehicle startup, which is mostly owned by GM. The move enabled Microsoft to take over the emerging connected car services market

Global market broadcast18:47 ET

The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars

The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.

wallstreetcn18:27 ET