The artificial-intelligence boom has investors transfixed on finding the next hot stock to explode out of the market. But Goldman Sachs Group Inc. has a different idea for playing the AI trade: forget today, think long-term.
Private equity firm Veritas Capital is considering a potential offer for BlackBerry Ltd., according to people familiar with the matter, after the once iconic Canadian technology company announced a strategic review earlier in the year.
Escalating federal borrowing needs may worsen structural deficiencies in the market for US Treasuries that were already on stark display during the 2020 Covid crisis, according to a paper presented to the Federal Reserve’s annual Jackson Hole symposium.
The recent selloff in crypto markets is likely near an end, with long-position liquidations “largely behind us,” according to a research report by JPMorgan Chase & Co.
Stocks fluctuated after Jerome Powell signaled it’s still too soon to declare victory over inflation, while saying the Federal Reserve “will proceed carefully” on whether to raise interest rates again.
The following is a reformatted version of prepared remarks titled “Inflation: Progress and the Path Ahead” that Federal Reserve Chair Jerome Powell is delivering Friday at Jackson Hole:
Boasting a higher market capitalization than General Motors Co. and Ford Motor Co. put together, loss-making VinFast Auto Ltd. raises a familiar question for EV investors: how long can it hold its stellar gains.
The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.
US-based cryptocurrency exchanges, such as Coinbase Global Inc. and Kraken, would have to disclose detailed information on their clients’ transactions to the IRS starting in 2026 under a new Treasury proposal.
U.S. futures and European stocks rose on Friday, extending a weekly gain ahead of Federal Reserve Chair Jerome Powell’s speech from Jackson Hole.
