Tech Stocks Surge, AI Names Climb; Epstein Files Released

Tech stocks surged last week, with Oracle leading the charge after TikTok named it a key investor in its U.S. joint venture. The S&P five hundred and Nasdaq Composite followed suit, while the Dow Jones Industrial Average lagged due to Nikes weak sales in China.In other news, the Justice Department released some Jeffrey Epstein investigative files, meeting a deadline from the new Epstein Files Transparency Act. However, the online Epstein Library faced early glitches, including a brief disappearance of a photo with President Donald Trump.On the business front, Josh Woodward, a Google veteran, now leads the Gemini AI project while keeping his Google Labs role. Waymo paused driverless rides in the San Francisco Bay Area due to power outages. Meanwhile, holiday shopping trends are shifting towards wellness supplements like Grüns over slumping Xbox consoles amid layoffs and price hikes.This week brings real GDP and consumer confidence data on Tuesday, an early stock close on Wednesday for Christmas Eve, and full closure on Thursday for the holiday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.