JPMorgan’s Dimon Says AI Cost Savings Now Match Money Spent
Jamie Dimon (Bloomberg) — Jamie Dimon said JPMorgan Chase & Co. spends $2 billion a year on developing…
Oracle Sinks on Report Its Cloud Margins Are Lower Than Expected
The Oracle offices in Redwood City, California. (Bloomberg) — Oracle Corp. shares tumbled after a report that the…
Bond Traders Dare to Go Longer Before 4% Yield Disappears
(Bloomberg) — Bond investors have ridden a profitable playbook this year to score big wins on Federal Reserve…
Australia’s Pension Funds May Amplify Stress in Liquidity Shock
People sit on a bench at Bondi Beach in Sydney, Australia. Photographer: Brent Lewin/Bloomberg (Bloomberg) — The vast…
Asia PMIs Split as South Korea, Vietnam Weather Trump Tariffs
(Bloomberg) — Manufacturing across Asia was split last month, with activity improved in South Korea and steady in…
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…
China’s banks face their ‘Japanification moment’, S&P report warns
China’s banks are edging towards their “Japanification moment”, as years of yielding margins to support the economy have…
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…