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(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. Christopher Waller, an influential member of the Fed's board of governors, said he expects inflation will move closer to the Fed's 2% target in the coming months.

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in U.S. crude stocks. Brent crude was up 21 cents, or 0.27%, at $77.26 a barrel at 1424 GMT. Both benchmarks had risen more than 1% earlier in the session, but pared gains on a strengthening U.S. dollar.

(Bloomberg) -- Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool toward the central bank’s 2% target, prompting his support for additional interest-rate cuts this year. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Ru

AI drug creation company Absci Corporation (NASDAQ:ABSI) shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc (NASDAQ:AMD) to enhance its AI drug discovery capabilities. The partnership will leverage AMD Instinct accelerators and ROCm software to support Absci’s advanced de novo antibody design models. The deal also includes a $20 million private investment in public equity (PIPE) by AMD, underscoring the ris

On Tuesday, Nvidia Corp (NASDAQ:NVDA) chief Jensen Huang said Taiwanese fabless semiconductor company MediaTek could sell the desktop central processor chip the two companies revealed this week. On Monday at CES 2025, Nvidia showcased Project DIGITS, a desktop computer that leverages the chip designer’s latest Blackwell AI chip and contains a new central processor that Nvidia and MediaTek co-developed, SCMP reports. Huang told analysts that Nvidia tapped MediaTek to co-design an energy-efficient