Alphabet’s AI Strength Fuels Biggest Quarterly Jump Since 2005
(Bloomberg) — Alphabet Inc. shares closed out their biggest quarterly gain in 20 years, the latest reflection of…
AI-Fixated Traders Pile Into Teradyne, Other Obscure Chip Stocks
With tech companies continuing to boost AI spending, the valuation of many chipmakers are increasingly expensive. (Bloomberg) —…
Dmitry Balyasny Has 3 Pieces of Advice for Young Finance Professionals
Dmitry Balyasny said chasing a big paycheck is the wrong reason to get into finance, because people who…
Chinese Industrial Profits Jump in August, Reversing Drop
(Bloomberg) — Chinese industrial profits surged after months of declines, signaling that national campaigns to tackle overcapacity and…
Apple reportedly made a ChatGPT-clone to test Siri’s new capabilities
In the pursuit of actually releasing the updated version of Siri the company promised way back at WWDC…
Billionaire Xiaomi Founder Debuts a $630 Answer to iPhone 17
Xiaomi 17 phones (Bloomberg) — Xiaomi Corp.’s billionaire co-founder unveiled a $630 smartphone designed to take on the…
Australia’s Faster Inflation Boosts Case for Slower RBA Cuts
(Bloomberg) — A gauge of Australia’s monthly inflation accelerated in August to the top of the Reserve Bank’s…
China’s Labor Market Distress Spreads at Worst Time for Deflation Fight
An employee on the production line at a facility in Jiuquan, Gansu province, China. (Bloomberg) — China’s labor…
Huawei Plans Three-Year Campaign to Overtake Nvidia in AI Chips
(Bloomberg) — Huawei Technologies Co. openly admits its silicon can’t match Nvidia Corp.’s (NVDA) in raw power and…
Chinese Savers Have $23 Trillion and Few Options Beyond Stocks
(Bloomberg) — Chinese households are tiptoeing back into equities, driven in part by a stark reality: Almost nothing…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…
Why Jerry of Ben & Jerry’s left after 47 years: ‘The brand has been silenced’
Ben & Jerry’s co-founder Jerry Greenfield is resigning from the ice cream company he founded in 1978, saying…