AI Is Eating All the Earnings
For investors, a concentrated portfolio of equity-market winners tends to work just fine — until it doesn’t. At…
ITV Targets Extra $46M In Cost Savings Amid “Softening Economy”
UK network ITV is planning to save another £35M ($45.7M) in the coming quarter, despite posting steady year-to-date…
AI Bubble Has Sucked in Legrand, Schneider, Siemens and ABB
If artificial intelligence is indeed a bubble, it’s been inflating a lot of companies in places well beyond…
Snap Shares Soar On $400 Million Perplexity AI Deal
Snap saw its stock surge 25% after market close as it announced a partnership with Perplexity to integrate…
Arm Gives Bullish Forecast, Pointing Toward AI Demand Surge
Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast,…
Meta Spending Spree Recalls Metaverse Debacle That Crushed Stock
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors…
Westpac CEO pay over $4 million, nearly double last year’s earnings and 55 times average Kiwi wage
“It’s fair enough as well. It’s right that it’s transparent. So from my view, whilst I don’t like…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
Caterpillar to Double Gas Turbine Capacity to Feed AI Boom
Caterpillar Inc. plans to more than double its capacity of gas turbines to tap into soaring demand for…
Global AI Bubble Burst May Aid Flows Into Indian Stock Market
Before the trading day starts we bring you a digest of the key news and events that are…
Amazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales
In case you were unsure about Amazon’s ability to monetize artificial intelligence, “the everything store” assigned a staggering…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…