The next phase of the AI boom will belong to companies that can turn innovation into profits. Listen to the audio version of this article (generated by AI). Hello, Reader. Wall Street loves a big number, and Microsoft Corp. (MSFT) delivered several this week. First, on Wednesday, the company reported its fourth-quarter earnings results. Earnings […]
Prior 0.6% (was 0.5%) Real GDP: +0.3% m/m vs 0.2% estimate and marking the second consecutive monthly increase. Broad-based growth: 13 of 20 industrial sectors posted gains during the month. Goods-producing industries: +0.6%, with most sectors contributing to the increase. Services-producing industries: +0.2%, led primarily by gains in: Real estate and rental & leasing Public […]
Key Points Warren Buffett’s Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) is sitting on a record cash pile approaching $400 billion and has been a net seller of stocks for more than three years. At the same time, the famous “Buffett indicator” — which compares the U.S. stock market to U.S. GDP — has climbed to an […]
Israeli strikes kill two in Gaza, destroy medicine storage warehouses
Money Marketing’s must-reads: Top 10 stories of the week Heightened regulatory scrutiny over outcome evidence and the looming arrival of collective defined contribution schemes dominate the wealth agenda this week, demanding fresh strategic focus from advisers. The FCA warns that Consumer Duty data currently fails to prove good client outcomes, while former pensions minister Steve […]
Companies are hiring. Workers are searching. The gap is the problem.
It’s been two decades since companies’ health-benefit costs have climbed this fast.
Wildfires rage in Greece as firefighters continue battle in France and Spain
The biggest AI rollout may have happened without you.
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