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6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?
Economy
6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?
By Will DanielAugust 24, 2023
A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom
Finance
A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom
By Will DanielAugust 23, 2023
Man sitting looking at a computer screen
Finance
The experience-hungry American consumer is already crashing the economy into a ‘rolling recession,’ Oxford Economics says
By Will DanielAugust 22, 2023
Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’
Finance
Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’
By Will DanielAugust 18, 2023
Doug McMillon
Retail
Walmart crushes expectations, raises outlook and has a message about the economy: ‘Jobs, wages, and pockets of disinflation are helping our customers’
By Brendan Case and BloombergAugust 17, 2023
Taylor Swift
Retail
Target explains its first sales drop in 6 years with a Taylor Swift excuse: ‘Guests are out at concerts. They’re going to movies’
By Anne D'Innocenzio and The Associated PressAugust 17, 2023
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
Finance
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
By Chloe TaylorAugust 16, 2023
David B. Burritt
Finance
Industrial sector jolted as U.S. Steel rejects ‘unreasonable’ $7.25 billion bid from archrival Cleveland-Cliffs
By Joe Deaux and BloombergAugust 13, 2023
It’s only ‘halftime of this new tech bull market’—expect the sector to soar as much as 15% by year-end, top analyst Dan Ives says
Finance
It’s only ‘halftime of this new tech bull market’—expect the sector to soar as much as 15% by year-end, top analyst Dan Ives says
By Will DanielAugust 11, 2023
Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’
Finance
Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’
By Will DanielAugust 10, 2023
Adam Neumann
Finance
From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a ‘going concern’ warning
By Will DanielAugust 9, 2023
Sony headquarters
Finance
Sony profit slips as it admits to delaying movie, TV series release dates because of Hollywood strikes
By Yuri Kageyama and The Associated PressAugust 9, 2023
Matteo Salvini
Finance
Reeling Italian markets wipe out $10 billion from bank stocks after shocking windfall tax pushed through by right-wing government
By Sonia Sirletti, Alessandra Migliaccio, Chiara Remondini and BloombergAugust 8, 2023
Mike Wilson speaks during a Bloomberg Television interview in New York, U.S., on Tuesday, Aug. 22, 2017.
Finance
Wall Street’s top strategist warns ‘excessive’ government spending could be fueling a ‘boom-bust’ scenario in the stock market
By Chloe TaylorAugust 8, 2023
Over $200 billion of Apple’s market cap has vaporized since Thursday. Here’s what’s going on
Finance
Over $200 billion of Apple’s market cap has vaporized since Thursday. Here’s what’s going on
By Will DanielAugust 7, 2023
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