Summary: Oracle's Larry Ellison in surprise exit as CEO; Alibaba prices at $68 in world's biggest IPO; Stocks close at record highs; Apple goes on security defensive ahead of iPhone 6 debut. Conway G. Gittens reports.
The insurer was accused by a short-seller of "extensive" fraud.
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSingapore Loses ‘World’s Best
People's wealth could take a huge hit as the stock market peaks after one of the longest bull markets ever, according to an investment chief.
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Prominent billionaire money managers pared down their stakes in artificial intelligence (AI) titan Nvidia in the December-ended quarter and piled into two of the company's top architectural competitors.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
A downbeat report from ASML dragged down other AI stocks.