Wall Street closed sharply lower as tech giants like Microsoft and Amazon saw significant drops following Alphabet's announcement of doubled AI capital spending. Investors grew wary of hefty AI investments, fearing they may not translate into immediate revenue and profit boosts, impacting software stocks. The market saw a rotation into cheaper stocks as volatility increased.
In advance of Super Bowl Sunday, the Illinois Gaming Board Thursday issued more than 60 cease-and-desist letters to illegal online gambling companies, demanding that they immediately block Illinois residents from accessing their websites and stop offering them prizes. Operators who fail to comply may be subject to civil or criminal penalties. The letters aim to […]
