File photoAmazon and Intel slide as AI costs worry Wall Street
Amazon narrowly missed forecasts as AI spending drained its cash flow, and Intel sank on a weak outlook, deepening investor worries about the cost of the AI boom.
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File photoAmazon narrowly missed forecasts as AI spending drained its cash flow, and Intel sank on a weak outlook, deepening investor worries about the cost of the AI boom.
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File photoThe Federal Reserve kept its key rate at 3.75%-4% in a 10-2 vote, with two policymakers preferring a quarter-point increase as inflation stays high.
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File photoThe Federal Reserve is widely expected to keep its key rate at 3.75% to 4% when it announces its decision at 11 a.m. PT, with inflation still running well above target.
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File photoThe maker of the Claude chatbot has filed to list on Nasdaq. Its filing shows fast revenue growth and a large, mostly accounting-driven loss.
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