Facebook adds cloud gaming to its platform, Dow has worse day since September and AIG split its business and announces new CEO
Facebook Inc. (NASDAQ: FB) has become the latest tech giant to throw its weight on cloud video gaming. Facebook is entering an already crowded marketplace, where it will compete with Microsoft (NASDAQ: MSFT) Xbox Cloud, Google Stadia, and Amazon (NASDAQ: AMZN) Luna. Facebook Gaming will be entirely free and playable on the Facebook feed. Click here to read more
Shares of American International Group Inc (NYSE: AIG) rallied more than 7% on Monday. Investors were excited by the new CEO, Peter Zaffino who starts next year as well as the announced plans to separate its Life & Retirement business from the General Insurance unit. AIG hopes it will help both parts become more profitable. Click here to read more
Stocks sank Monday as new data showed a jump in COVID-19 cases in the U.S. The Dow dropped more than 650 points, or 2.3% putting the index on pace for its worst day since early September. Covid Restrictions tightened across major countries raised concerns for investors. Click here to read more
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