Hey there, readers!
Today, we have some exciting updates in the world of stocks and technology. Let's dive right in!
First up, the housing market has been facing some challenges lately. Home sales fell to a 13-year low in October due to high interest rates and home prices. This has also affected home improvement retailers like Lowe's and Home Depot.
On the technology front, artificial intelligence is still making waves. Nvidia, a leading chip maker, has been riding the AI wave and its shares have tripled this year. However, there is some drama unfolding at OpenAI, where staff members are threatening to quit, which could have implications for Microsoft and others.
In other news, Best Buy is facing challenges in selling electronics. The retailer reported a decline in U.S. comparable sales, but managed to exceed expectations in terms of net income.
Now, let's move on to the stock market. The S&P 500 declined slightly, while the Nasdaq Composite and the Dow industrials also experienced losses.
That's it for today's update. Stay tuned for more news and updates on stocks and technology!
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