A stock picker's market is forming for the first time since 2008 as investors ditch ETFs and pile into single shares, Bank of America says

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A trader looks at charts on a computer on the floor of the New York Stock Exchange (NYSE).
A trader looks at charts on the floor of the New York Stock Exchange.

Spencer Platt/Getty Images

Gen Z is less interested in working at Big Tech companies right out of college, their job searches show

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a woman sitting with her back turned, and a laptop
Tech layoffs and a precarious economy are driving Gen Z to apply to what they see as more stable industries, like retail and finance.

Taiyou Nomachi/Getty Images

The world's 12 wealthiest people got richer by $36 billion in a day - and have now gained $264 billion in net worth this year

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zuckerberg
Mark Zuckerberg.

Reuters/Robert Galbraith

Dow soars 524 points as US stocks notch best day since January after streak of upbeat earnings

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New York Stock Exchange traders
Equities rose despite weaker-than-expected GDP data for the first quarter of 2023.

Spencer Platt/Getty Images

Microsoft's bet on AI is still in its early days. But there are signs it's already paying off.

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Satya Nadella
Microsoft CEO Satya Nadella said the company is investing heavily in AI. There are already early signs of success.

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Activision Blizzard sinks 10% as the UK blocks Microsoft's $69 billion buyout on fears it could harm cloud gaming competition

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Call of Duty: Warzone

Activision

The rise of AI will only make Big Tech more powerful, researchers warn

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Researchers at AI Now warn that only Big Tech companies have the resources and scale to make AI happen.

jeffbergen / Getty Images

Big tech stocks have started 2023 on a tear. Now they face a moment of truth.

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Wall Street.
Alphabet, Amazon, Meta, and Microsoft will all report their first-quarter earnings this week.

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Fears of an earnings recession are overblown and investors shouldn't panic sell as stocks will hold up fine, BMO chief strategist says

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 9, 2016. REUTERS/Brendan McDermid
Traders work on the floor of the NYSE.

Thomson Reuters

Lyft is reportedly slashing 1,200 jobs — at least 30% of its staff. It's struggling to keep up with Uber.

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Lyft sign
Lyft is cutting 1,200 employees — or 30% of staff — according to the WSJ.

Associated Press

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