After driving much of the recovery from Wall Street’s April selloff, technology stocks pulled back as investors moved into less highly valued sectors, while monitor remarks from Federal Reserve officials this week.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Nasdaq, S&P 500 end lower as investors sell tech stocks, await Fed
After driving much of the recovery from Wall Street’s April selloff, technology stocks pulled back as investors moved into less highly valued sectors, while monitor remarks from Federal Reserve officials this week. Read the full story
Meta freezes AI hiring as surging costs raise worries
The California-based tech giant has hired over 50 engineers and researchers for its four-team AI division. Read here
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J&J to invest $2B in effort to boost US manufacturing
The New Jersey-based healthcare leader aims to expand production amid looming drug import duties. Read here
PHOTO: J&J
NEWS WORTH NOTING
Google doubles down on ‘AI phones’ with Pixel 10
With the launch of the new series, the California tech major is rushing to offer AI-powered smartphones. Read here