Promises of a future when artificial intelligence drives a surge in sales for chipmakers are no longer cutting it in the stock market. These days, hard evidence of progress toward that is needed.
Here are the key takeaways for the US employment report for April released Friday:
US hiring and workers’ pay gains accelerated in April, showing signs of labor-market resilience and fresh inflationary pressures in the face of economic headwinds.
A Nigerian senator who coaxed a Lagos street trader to the UK to harvest a kidney for his sick daughter was sentenced to nine years and eight months in jail by a London judge, in the first conviction of its kind under Britain’s modern slavery laws.
Chinese President Xi Jinping pledged to further enhance the Communist Party’s control over the economy as he chaired the meeting of a top policy-making body to discuss key development strategies.
Latin American financial technology firm R2 secured a $100 million credit line from San Francisco-based Community Investment Management, to boost lending in Mexico, its largest market.
UBS Group AG bankers have descended on Credit Suisse Group AG to start digging through their former rival’s books as the Swiss firm aims to kickstart an integration process it’s deemed one of the most complex ever.
HSBC Holdings Plc shareholders voted to reject proposals to shake up the bank that were put forward by a group of Hong Kong-based investors.
(Bloomberg) — Governing Council member Ignazio Visco said the European Central Bank is close to reaching the peak of its interest-rate hikes.
PacWest Bancorp led a rebound across US regional banking stocks after a bruising week of losses, joining in a broader rally across US stocks futures amid signs that at least some of the selling has been overdone.
