The AI boom is here. Is it too late to invest?
Wall Street has a lot to worry about -- recession and war in Europe, interest rate hikes, sticky inflation, and a softening US economy. But there's at least one sector of market euphoria keeping investors optimistic: artificial intelligence.
2023-06-12 19:51
Morgan Stanley, JPMorgan turn bullish on emerging market local bonds
LONDON Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds,
2023-06-12 19:50
Egypt Says India Is Providing Credit Line in Boost to Economy
India is providing Egypt with a credit line of unspecified value, Egyptian Supply Minister Ali El-Mosilhy said, in
2023-06-12 19:48
A massive UPS strike could devastate the economy. It could be just eight weeks away
The Teamsters union is holding a vote right now among more than 330,000 members to authorize a strike against UPS. If UPS workers strike, it would be the largest single-employer strike in US history. And it could take place in less than eight weeks.
2023-06-12 19:22
Investors Eye Nigeria Devaluation as Central Bank Chief Ejected
Emerging-market investors are looking at a devaluation of Nigeria’s naira after the suspension of the country’s central bank
2023-06-12 19:20
Futures rise as focus shifts to inflation data, Fed meet
U.S. stock index futures rose on Monday ahead of inflation data and the Federal Reserve's interest rate decision
2023-06-12 18:51
Recession risks still loom for markets calmer after banking turmoil
The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved
2023-06-12 18:28
London Office Market Will Weaken Further, Goldman Analysts Warn
The London office market is deteriorating — and things are likely to get worse, according to Goldman Sachs
2023-06-12 18:25
Markets in a spin ahead of interest rate decisions
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It's a big week
2023-06-12 18:21
War Spilling Into Russian Regions Adds to Risks Haunting Economy
President Vladimir Putin’s invasion of Ukraine has cost Russia tens of billions of dollars as sanctions squeeze its
2023-06-12 17:26
Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause
Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that
2023-06-12 17:25
US Supreme Court's dog toy ruling puts parody products on notice
By Blake Brittain The U.S. Supreme Court handed brand owners a win against parody products on Thursday when
2023-06-12 17:22