Finance

KEY POINTS  Austin, Texas — Tesla Inc. said Wednesday it plans to invest approximately $2 billion in Elon Musk’s artificial intelligence startup xAI, signaling a strategic pivot toward autonomy and robotics as traditional vehicle sales face growing pressure.  The announcement accompanies the discontinuation of Tesla’s long running Model S and Model X sedans, which Musk … Read more

KEY POINTS  Microsoft reported stronger than expected quarterly earnings late Wednesday while revealing record spending on artificial intelligence hardware. Underscoring the scale and cost of its global AI expansion as investors question how quickly those investments will translate into sustained profit growth. The results, released Jan. 29, showed Microsoft continuing to outpace much of Big … Read more

KEY POINTS  Meta Platforms Inc. reported stronger than expected fourth quarter earnings Wednesday and unveiled plans to spend as much as $135 billion on artificial intelligence infrastructure in 2026, sending Meta stock sharply higher in after hours trading. The earnings report marked one of Meta’s most consequential financial updates in years, signaling both confidence in … Read more

KEY POINTS  Cloudflare Inc. shares surged Tuesday in New York trading as investor attention focused on viral developer buzz around an autonomous AI agent known as Clawdbot, with markets now turning to the company’s Feb. 10 earnings for evidence that AI driven traffic is translating into revenue growth. Cloudflare stock climbed roughly 11 percent in … Read more

KEY POINTS  Amazon said Tuesday it will close its Amazon Fresh and Amazon Go brick and mortar grocery stores across the United States. A move that directly affects four Amazon Fresh locations in New Jersey but leaves unanswered which, if any, will be converted into Whole Foods Market stores. The decision marks a significant shift … Read more

KEY POINTS  MIAMI — The Powerball jackpot went unclaimed in Monday night’s drawing, leaving the prize pool to increase ahead of Wednesday’s scheduled draw.  The winning numbers for Jan. 26 were 21, 31, 51, 60, 63 and the Powerball was 18, with the Power Play multiplier set at 2×, according to the official Powerball website. … Read more

KEY POINTS  Interim Superintendent Shawn Joseph on Tuesday outlined the financial status and future plans of Prince George’s County Public Schools. Warning that the system faces a structural deficit unless county leaders approve an additional $50 million in funding for the upcoming fiscal year. Joseph delivered his State of the Schools address at Suitland High … Read more

KEY POINTS  NEW YORK — Shares of CoreWeave Inc. rose sharply in premarket trading Monday after Nvidia Corp. announced a $2 billion investment in the cloud infrastructure provider, purchasing Class A stock at $87.20 per share.  The move aims to expand CoreWeave’s ability to deliver high-capacity AI computing facilities, with a target of five gigawatts … Read more

KEY POINTS  Gold prices surged past $5,100 an ounce for the first time on Monday, extending a historic rally as investors worldwide sought safety amid escalating geopolitical tensions, trade disruptions and currency volatility ahead of key central bank decisions. The latest jump in gold prices underscores the metal’s renewed role as a global hedge against … Read more

KEY POINTS  WASHINGTON — Federal Communications Commission Chairman Brendan Carr expressed concerns on Wednesday regarding Netflix’s $83 billion acquisition of Warner Bros. and HBO Max. Citing potential competition issues, though he acknowledged that the FCC does not have authority to review the deal.  The acquisition, one of the largest in the entertainment sector, has sparked … Read more