Chegg Inc. plummeted as much as 38% after warning that the ChatGPT tool is threatening growth of its homework-help services, one of the most notable market reactions yet to signs that generative AI is upending industries.
More gains in the Australian dollar, a tug-of-war on bonds and an uncertain read-across to global rate bets rank among strategist reaction to the nation’s central bank unexpectedly raising interest rates.
More gains in the Australian dollar, a tug-of-war on bonds and an uncertain read-across to global rate bets rank among strategist reaction to the nation’s central bank unexpectedly raising interest rates.
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat estimates.
HSBC Holdings Plc will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat estimates.
US companies’ earnings are strong enough that money managers like T. Rowe Price Group Inc. and PGIM Inc. expect corporate bonds to outperform Treasuries over the next 12 months, even if the economy suffers.
US companies’ earnings are strong enough that money managers like T. Rowe Price Group Inc. and PGIM Inc. expect corporate bonds to outperform Treasuries over the next 12 months, even if the economy suffers.
Oil held a loss as concerns over China’s economic outlook and caution in financial markets spurred by a banking crisis dominated sentiment.
Oil held a loss as concerns over China’s economic outlook and caution in financial markets spurred by a banking crisis dominated sentiment.
A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents.
