03:35 PM EST, 12/02/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.1%. In sector news, online spending on Black Friday advanced in line with expectations, reaching $10.8 billion, according to Adobe Analytics data. In corporate news,...

03:34 PM EST, 12/02/2024 (MT Newswires) -- Super Micro Computer ( SMCI ) shares surged in Monday late-afternoon trade after the artificial intelligence server maker said that a committee formed to look into the company's governance found no evidence of fraud or misconduct, based on its final findings. Late in October, Super Micro Computer ( SMCI ) disclosed that Ernst...

03:28 PM EST, 12/02/2024 (MT Newswires) -- Apple ( AAPL ) allegedly monitored its workers' personal devices and iCloud accounts and prohibited them from discussing their pay and working conditions, Reuters reported Monday, citing a complaint filed in California state court. The complaint claims that Apple ( AAPL ) requires employees to install software on personal devices that gives the...

03:40 PM EST, 12/02/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is exploring the possibility of introducing advertising to its artificial intelligence products as part of its strategy to increase revenue and support its transition to a for-profit company, The Financial Times reported Monday, citing Chief Financial Officer Sarah Friar. The AI start-up is considering an advertising model...