Dow Jones hits all-time high, Tesla cuts 600 employees, CoreWeave raises $7.5bn, GameStop shares plummet.
The Dow Jones Industrial Average hit an all-time high of 40,000, with gains in Tesla, S&P 500, and Nasdaq. Tesla plans to cut 600 employees amid increased competition. AI infrastructure startup CoreWeave raised $7.5bn in debt financing. GameStop shares plummeted after the company announced plans to sell additional shares and anticipates a Q1 net loss of up to $37m.
May 20, 2024
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