The Dow Jones Industrial Average (^DJIA) will have a new look on Monday, with Amazon (AMZN) replacing Walgreens Boots Alliance (WBA) in the index. Also on Monday, Walmart (WMT) shareholders will see they have more shares thanks to the company's 3-for-1 stock split. Earnings season rolls on, with Zoom Video Communications (ZM), Workday (WDAY), Lowe's Companies (LOW), and Salesforce (CRM) all scheduled to issue their quarterly reports next week. On the economic front, Federal Reserve officials will get the latest reading from their preferred inflation gauge, the Personal Consumption Expenditures Price Index. The release is scheduled for 8:30 a.m. ET on Thursday, February 29. Yahoo Finance's Josh Lipton and Julie Hyman take a closer look at what investors should be watching next week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Walmart's new acquisition of Vizio underscores one of the most underrated facets of the company's business: ads.
Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation of about $2 billion, according to the report. Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million, the report added. Investments in artificial intelligence startups have sparked after the launch of OpenAI's viral chatbot ChatGPT in November 2022, as investors sense an opportunity, betting on these startups that they might outpace bigger rivals.