AMD shares fell Tuesday after Microsoft said the chipmaker's fixes were causing some PCs to freeze. The computer maker halted rolling out the patches, which were a response to the Meltdown attack disclosed last week.
And Target raises its forecast for holiday quarter sales, sending shares to 52-week highs. The discount retailer said results for its full fiscal year would be better than originally expected.
But the holidays weren't happy for everyone. Urban Outfitters saw its shares plunge after forecasting a weaker than expected fourth quarter. And Under Armour got a downgrade from a top analyst, sending the stock down about 5 percent.
Microsoft has announced that it's hired Sam Altman and another co-founder of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
