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Microsoft and AMD earnings show that AI remains a game of optics

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The dichotomy in Wall Street’s reactions to the results from Microsoft Corp. and Advanced Micro Devices Inc. — two tech giants that have been investing heavily in AI — is a perfect example of the AI optics game.

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A drop in mortgage rates has failed to ignite home-buying demand, but builders remain optimistic

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Builder sentiment inched up in October, the National Association of Home Builders said.

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Jobless claims retreat after last week’s sharp increase

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One week after hitting the highest level in more than a year, initial jobless claims retreated by 19,000 to 241,000, the Labor Department said Thursday.  

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Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges

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“We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” Chief Executive Gail K. Boudreaux said in prepared remarks.

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