Stocks hit new highs on Thursday as investors digested another round of key economic data and President Joe Biden's announcement

that he had reached a bipartisan infrastructure agreement with Senate lawmakers. The transaction could be worth around $1 trillion and provide a new revenue stream for some construction companies and manufacturers. This good news helped to offset the bad news about jobs. Initial claims for unemployment benefits totaled 411,000, a slight increase from the previous week's total of 412,000 and lower than forecasted totals of 380,000.

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Intel (INTC) intends to restructure its Data Platform Group (DPG) into two new units

: Network and Edge Group and Datacenter and AI. In addition, the company intends to establish two new business units focused on high-performance computing (HPC) and graphics, as well as software.

According to Morgan Stanley, Amazon's two-day 2021 Prime Day event generated $6.8 billion in revenue.

The ecommerce behemoth will not reveal dollar sales figures for the 48-hour period of June 21-22. The Prime Day 2021 revenue estimates were consistent with Morgan Stanley's previous assumptions, implying that Amazon will only see a 2% sequential increase in core retail revenue in the second quarter.

Bank of America analysts estimated that total Prime Day gross sales were up 7% year on year to $9.55 billion. This was slower growth than in previous years.

Amazon shares drop 1.56% today while the broad markets rose.

The Trade Desk Inc. TDD shares are up more than 17%, and PubMatic Inc. PUBM shares are up more than 13%.

Google annouces today that it intends to phase out cookies on its Chrome browser over a three-month period ending in late 2023, as opposed to the company's initial target of early 2022. The announcements made this morning have significant implications for participants in the digital advertising industry, as the extended timeline gives companies more time to prepare for the eventual deprecation of third-party cookies.

Taiwanese Buddhist group hopes to buy 5 million doses of BioNTech SE's vaccine.

Group joins Foxconn and TSMC in trying to secure vaccines for the island. Taiwan's government has millions of vaccines on order but has been hampered by global supply shortages.

Tesla stock rose 5.27% after the company opened a solar-powered charging station in Tibet.

The station in Tibet is China's first of its kind, and it includes on-site power storage. This move reminded investors that Tesla has a solar business, which could be a future source of growth.

The stock is trading more than 25% below its all-time highs set at the start of the year. Analysts anticipate that Tesla will earn $4.53 per share in 2021.

Sprinklr shares fell nearly 9% in their debut on the New York Stock Exchange on Wednesday,

valuing the software startup at around $3.7 billion. On Tuesday, the New York-based company raised $266 million in a downsized initial public offering. Its Unified-CXM software, which is powered by artificial intelligence, enables all customer-oriented functions in front office management.

According to his lawyer, John McAfee, a technology entrepreneur from the United States, hanged himself in his prison cell.

The 75-year-old had been charged with tax evasion in Tennessee. He was apprehended at the Barcelona airport and imprisoned there in October. The cause of death is being investigated by prison officials.

President Joe Biden will take immediate action to replace Mark Calabria, the director of the Federal Housing Finance Agency,

who was appointed by former President Donald Trump and has broad authority over mortgage giants Fannie Mae and Freddie Mac.

The United States Supreme Court cleared the way for Calabria's removal on Wednesday, stating that the president has the authority to remove the regulator.

A White House official responded by saying Biden would begin the process of appointing an FHFA director who supports the administration's housing policy priorities.

Shares of Fannie Mae and Freddie Mac plummeted after the Supreme Court's decision, with each dropping more than 40%, the most in intraday trading since 2013.

South African cryptocurrency investors may have lost nearly $3.6 billion in Bitcoin as a result of the disappearance of two brothers.

A law firm in Cape Town claims it is unable to locate Africrypt founders Ameer and Raees Cajee. If no one is able to recover the funds, it will be recorded as the largest cryptocurrency loss in history.