Amazon invests additional $2.75B into AI startup Anthropic
03/28/2024 03:42
Amazon (AMZN) has announced it will invest another $2.75 billion into generative AI startup Anthropic. This will conclude its initially promised $4 billion investment in the company. Amazon will maintain a minority stake in Anthropic without a board seat. Yahoo Finance Tech Editor Dan Howley joins Market Domination to break down the latest developments for Amazon and Anthropic as other tech competitors form AI alliances. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino
Barrons.com
Oil Futures Settle Above Day's Lows After EIA Inventories Report
Crude oil futures lose ground but settle above the day's lows after a build in U.S. crude stocks comes in smaller than an industry estimate. The EIA's report of a 3.2 million barrel increase in crude inventories was well below the 9.3 million barrel build reported Tuesday by the API, and crude "rallied from relatively deep red," Mizuho's Robert Yawger says in a report. The market largely ignored the unexpected build in gasoline stocks in favor of the more benign crude number, he adds.
Reuters
Swiss economy likely picked up somewhat in first quarter, SNB says
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FreightWaves
UPS to close 200 sort centers in modernization push
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Barrons.com
GE Vernova Stock Is Soaring on Day One. What to Know About Shares and Their Price.
GE Vernova stock is finally trading. The stock shot up 13% from opening levels to $130 in midday trading. GE Vernova is the soon-to-be spun-off power generation business of General Electric The spin will be completed on April 2, and the Vernova shares, which have the stock symbol “GEV,” are slated to begin trading Wednesday on a when-issued basis.