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2024/09/24

AI Model Is Better at Pricing Currencies Than Humans, ING Says

Bank hired machine learning expert to build program this year. Trading team reshuffles leadership, plans more AI models

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2024/09/22

Crypto’s Correlation With US Stocks Nears Record in Fed Fallout

Tandem moves signal macro variables are driving crypto prices. Traders are assessing how much further the Fed will cut rates

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2024/09/24

Harris to Offer Pitch to Boost Manufacturing in Play for Voters

Vice president to target blue-collar workers in Pennsylvania. Trump, Harris ramping up economic messages with focus on jobs

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2024/09/18

Stocks Will Continue to Rally After Sharp Fed Rate Cut, Investors Say

The US economy will avoid a recession, majority of respondents said

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2024/09/17

BlackRock, Microsoft to Raise $30 Billion for AI Investments

Infrastructure investments will be located mostly in the US. Nvidia will provide its expertise with data centers, factories

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2024/09/16

Goldman Trading Desk Says It’s Time to Buy the Dip in AI Stocks

‘There’s too much pessimism around AI’: Goldman’s Mourad. Bank sees AI companies’ earnings doubling in next 12 months

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2024/09/15

Wall Street Strategists Say US Economy Tops Fed for Stock Rally

Morgan Stanley’s Wilson warns performance hinges on jobs. Goldman sees equities rising on solid macro environment

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2024/09/13

Guarding Crypto Is a Lucrative Business and Wall Street Wants In

Coinbase, BitGo have been among the dominant service providers. SEC rule seen making it impractical for banks to do custody

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2024/09/12

MicroStrategy’s Latest $1.1 Billion Bitcoin Purchase Is Largest Since 2021

Purchases took place between Aug. 6 and Sept. 12, filing says. Software firm holds more than $14 billion in Bitcoin

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2024/09/08

Learning to Manage People by Talking to a Bot

One company is using AI to reinvent the B-school case study method.

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2024/09/10

Trump, Harris Reach for Game-Changing Moment in Key Debate

Democrat Harris must define herself and her policies to voters. Trump aims to cast VP as too liberal, unable to bring change

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2024/08/30

Charting the Global Economy: Inflation Eases in US and Europe

Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.

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2024/08/31

Trump Circle Makes Another Move in Its Ardent Embrace of Crypto

Trumps are releasing NFTs, own Ether and plan other ventures. Bannon, Kushner, associates have long histories with crypto

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2024/08/30

Dell Rises on Revenue Beat Fueled By Demand for AI Servers

Total revenue jumped 9% to $25 billion on server demand. Sales of PCs to business clients show little sign of revival

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2024/08/26

US Consumer Confidence Rises on Views of Economy, Inflation

Conference Board index climbed to 103.3 in August from 101.9. Share saying jobs currently hard to get at three-year high

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2024/08/26

Wobbling Trump Trades, Harris Rise Have Wall Street Rethinking Bets

Stocks that jumped on hopes of Trump win erase gains. Goldman’s Democratic basket has outperformed GOP basket lately

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2024/08/25

Magnetar Starts First-Ever Venture Fund, Targets Generative AI

It’s the first step in building out a broader venture business. Magnetar runs $17.5 billion and has backed CoreWeave, Cohere

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2024/08/24

Sales Set to Double for Chip Giant Nvidia as AI Frenzy Persists

Technology giant Nvidia is set to reveal another surge in profits on the back of doubling revenues as it benefits from the rapid adoption of generative AI (artificial intelligence).

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2024/08/21

Meta Shares Are Flying High as Zuckerberg Sells His AI Vision

CEO has done good job of explaining AI benefits, analysts say. Rally in Meta follows jump in capex and pledge to spend more

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2024/08/20

Powell Confronts Policy Crossroads With All Eyes on Jackson Hole

Fed chair to deliver hotly anticipated speech on Friday. Markets await signal on rate cuts coming as soon as September

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