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Tag Archives: Business

Wall Street ticks to more records, led by technology stocks

Wall Street ticks to more records, led by technology stocks

NEW YORK (AP) — U.S. stocks edged up to more records. The S&P 500 rose 0.1% Thursday. The Dow Jones Industrial Average added 0.2%, while the Nasdaq composite climbed 0.4%. All three set all-time highs. Technology stocks helped lead the way after OpenAI announced partnerships with South Korean companies for its Stargate artificial-intelligence infrastructure project. Fair Isaac surged to its best day in nearly three years after unveiling a program where customers can potentially bypass big credit bureaus for FICO credit scores. Stock indexes also rose across much of Europe and Asia, while Treasury yields eased in the bond market.… Continue Reading

NC-based Honeywell, one of the few remaining US industrial conglomerates, will split into three companies

NC-based Honeywell, one of the few remaining US industrial conglomerates, will split into three companies

Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa. Honeywell said Thursday that the move means there will be three publicly listed companies, when also accounting for its previously announced plan to spin off its advanced materials business.… Continue Reading

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