Nvidia surpasses Apple to become world’s most valuable company – The Washington Post
The AI darling now has a $3.43 trillion market capitalization. Nvidia is now the world’s most valuable company, surpassing Apple in a tech shake-up that...
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What’s behind the sudden surge in young Americans’ wealth? – The Washington Post
In 2019, young Americans lagged far behind where their older siblings and parents had been at their age. By 2022, they’d suddenly shot into the...
Longer-term Treasury Yields & Mortgage Rates Explode, Yield Curve Un-Inverts Further as Bond Market Gets Spooked – Wolf Street
ger-term Treasury yields spiked this morning, on top of the surge since the September rate cut. Spiking yields means plunging prices, and it has been...
U.S. Services Sector Accelerates on Employment Boost – WSJ
U.S. services activity accelerated in October, with employment providing a boon to the sector, despite political uncertainties rising ahead of the presidential election, a survey...
Why your company is struggling to scale up generative AI – The Economist
For investors concerned that America’s tech giants are making recklessly large bets on generative artificial intelligence (AI), big tech’s latest quarterly results have offered some...
Reserve Bank of Australia Holds Rates Steady; Not Ruling Out Further Hike – WSJ
The Reserve Bank of Australia left official interest rates on hold, chalking up a full year without fundamentally changing its policy stance while also not...
AI’s huge power needs give oil majors incentive to invest in renewables, says Adnoc boss – The Financial Times
The rapid rise of artificial intelligence gives the world’s largest oil companies a major incentive to increase their investments in renewable energy, according to Sultan...
German IPOs Set to Defy Sluggish Economy as Backers Seek Cash – Bloomberg
A growing number of German firms are gearing up to go public in the coming months despite worries over Europe’s largest economy, as pressure builds...
Meta’s plan for nuclear-powered AI data centre thwarted by rare bees – The Financial Times
Plans by Mark Zuckerberg’s Meta to build an AI data centre in the US that runs on nuclear power were thwarted in part because a...
Investors Await BOE Verdict on Whether Budget Hinders Rate Cuts – Bloomberg
The Bank of England may extinguish hopes of a shift to quicker interest-rate cuts this week after the budget reignited inflation concerns and triggered a...