Business

Krispy Kreme, McCormick rise; Consol Energy, Lear fall, Tuesday, 3/26/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: Krispy Kreme Inc., up $4.90 to $17.35. The doughnut chain is partnering with McDonald’s to sell doughnuts at its restaurants. Viking Therapeutics Inc., up $11.64 to $80.83. The biopharmaceutical company gave investors an encouraging update on a potential weight-loss drug. McCormick & Co., up $7.36 …

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Trump’s social media company to start trading on the Nasdaq on Tuesday

NEW YORK (AP) — Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Shares of Digital World have been volatile. …

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OpenAI says Musk agreed the ChatGPT maker should become a for-profit company

Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. In its first response since the Tesla CEO sued last week, OpenAI vowed to get the claim thrown out and released …

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Digital outlets The Intercept, Raw Story and AlterNet sue OpenAI for unauthorized use of journalism

NEW YORK (AP) — Digital news outlets The Intercept, Raw Story and AlterNet are joining the fight against unauthorized use of their journalism in artificial intelligence, filing a copyright-infringement lawsuit Wednesday against ChatGPT owner OpenAI. The organizations say thousands of their stories were used by OpenAI to train chatbots to answer questions posed to it by users, in effect piggybacking …

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How major US stock indexes fared Wednesday, 2/28/2024

Stocks drifted lower on Wall Street on a down day for tech stocks. The S&P 500 fell 0.2%. The Dow Jones Industrial Average slipped 0.1% Wednesday, and the Nasdaq composite sank 0.5% a day after nearing its record set in 2021. The market regressed as Nvidia and other Big Tech stocks pulled back a bit from their dominating run. Treasury …

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How major US stock indexes fared Tuesday, 2/27/2024

Stocks held relatively steady on Wall Street near their record levels. The S&P 500 managed a gain of 0.2% Tuesday. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.4%. Macy’s rose after unveiling a restructuring plan, and Norwegian Cruise Line steamed higher on hopes for a stronger 2024. Chevron weighed on the Dow amid worries that …

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