AI Threat Prompts UBS to Downgrade Tech, Boosts Miners and Power Producers
The threat to software-backed businesses from artificial intelligence should prompt investors to shift focus from technology to companies…
BlackRock Loses $5.9 Billion Mandate From Dutch Pension PME
PME, a Dutch pension fund overseeing about $70 billion, has severed ties with BlackRock Inc. based on an…
Health-Care Earnings Top S&P 500 on Strong Drug, Hospital Demand
The largest American public health-care companies outperformed other industries in the third quarter, as higher new and specialty…
China’s AI Bets Pivot to Power, Metals as Tech Bubble Fears Grow
Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and…
RBA’s Hauser Says Economy’s Capacity Limits Challenge Policy
Australia’s monetary policy is being challenged by an apparent lack of spare capacity in the economy, Reserve Bank…
China’s AI Boom Fuels Rally in Power Stocks as Next Winner
Chinese power stocks are headed for their best week in years as investors bet on the surging energy…
Swiss Inflation Slowdown Sparks Fresh Negative Rate Speculation
Switzerland’s inflation unexpectedly slowed to near zero, adding pressure on the central bank to push back against the…
Power Stocks Stumble as Investors See Cracks in AI-Fueled Rally
For most of the year, it looked like power demand from AI was insatiable, sending investors rushing into…
Ex-UBS Chairman Weber Warns AI Ushering In New Era of Inequality
Former UBS Group AG Chairman Axel Weber has warned the coming disruption from artificial intelligence could usher in…