Market
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Elon Musk calls for new federal agency to oversee AI at Senate summit
[ad_1] Executives from some of the nation’s top tech companies convened Wednesday at the U.S. Senate for a closed-door hearing on artificial intelligence, as interest in Congress to regulate the nascent technology has grown in recent months. Attendees, including Tesla Inc. TSLA, +1.68% CEO Elon Musk, Microsoft Corp. MSFT, +1.34% co-founder Bill Gates and Meta Platforms Inc. META, +1.29% CEO…
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Small-cap stock weakness sees Russell 2000 flirt important support level
[ad_1] A continued bout of small-cap underperformance in the face of renewed “higher-for-longer” interest rate expectations saw the benchmark Russell 2000 stock-market index threaten an important support level on Wednesday. The small-cap benchmark RUT, made up of the 2,000 smallest companies by market capitalization in the Russell 3000 RUA, was down 0.6% near 1843.60 in afternoon trade. A finish below…
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