Browsing: Business

– Four major financial firms have committed $63 billion to fund AI computing hardware from Broadcom for Anthropic. Bank of America, Blackstone, Citi and Morgan Stanley unveiled the transaction on Monday, October 26. The deal forms part of a strategic

– Wall Street faces a packed week of corporate earnings and policy events, led by results from three members of the Magnificent Seven. Alphabet, Microsoft and Amazon will report quarterly figures as investors seek proof that their huge AI spending

– Brent crude futures rose $1.21 to $110 a barrel on Wednesday, October 21, Reuters reported, as Middle East tensions kept oil markets on edge. US West Texas Intermediate crude climbed by more than $1 to $99 a barrel. Fresh

– The U.S. Dollar Index fell 0.25% to 102.27 on Tuesday, October 13, pulling back from its strongest level in 18 months. The index, which tracks the greenback against six major currencies, had climbed to 102.61 on Monday. That reading

– The U.S. stock bull market entered its fifth year Monday after completing four years of gains. The S&P 500 has advanced about 119% from its Oct. 12, 2022 bear-market closing low, based on Truist analysis. The benchmark finished that

Global equity markets experienced a notable resurgence as investors returned to riskier assets at the end of the trading week. Financial data confirmed that US and European stocks close higher as bond yields ease, reversing a downward trend triggered by

– Gold prices moved higher on Monday as markets absorbed weaker U.S. employment data and a firmer dollar. Spot gold rose 0.6% to $4,165.49 an ounce by 0901 GMT. U.S. gold futures for December delivery gained 0.8% to $4,194.60. The

– The U.S. Treasury Department will auction $119 billion of notes and bonds next week across three consecutive sales. The schedule starts Tuesday, Oct. 6, with $58 billion of three-year notes. Treasury will follow with $39 billion of 10-year notes

The International Monetary Fund said artificial intelligence is reshaping investment, productivity and labor markets while creating new challenges for economic policymakers. The IMF’s 2026 Annual Report said AI-related technology investment added an estimated 0.5 percentage point to U.S. GDP growth

The International Monetary Fund said artificial intelligence is reshaping investment, productivity and labor markets while creating new challenges for economic policymakers. The IMF’s 2026 Annual Report said AI-related technology investment added an estimated 0.5 percentage point to U.S. GDP growth