Citi has a new theory about the economy - and says investors should pick stocks that can stand on their own
Strategists at Citi have a new theory - the "no cycle," which is not to be confused with "no landing," the term which means an economy is not slowing down.
Nuclear-Powered AI: Big Tech's Bold Solution or a Pipedream? — Commodities Roundup
Amazon.com, Google and Microsoft each struck recent deals meant to bring more nuclear power online to satiate burgeoning energy demand tied to AI. They are betting billions of dollars that nuclear ...
Global battle against inflation has largely been won, IMF says
In its latest World Economic Outlook, published Tuesday, the IMF projects that headline inflation will fall from a peak of 9.4% year-on-year in 2022 to 3.5% by the end of 2025, slightly below the ...
GE Aerospace's stock pulls back as total sales beat, but commercial engines miss
Shares of GE Aerospace were getting hit hard in early Tuesday trading, as the aerospace and defense company beat overall third-quarter profit and revenue expectations and raised its full-year outlook, ...
HSBC to split U.K. and Hong Kong banking arms into two separate units
Elhedery's plans, which will come into force in January 2025, are set to carve HSBC up into four separate units including two covering the bank's Hong Kong and U.K. businesses and two more covering ...
Lockheed Martin Raises Full-Year Profit Outlook as 3Q Sales Rise
Lockheed Martin raised its full-year earnings guidance after sales edged higher and its backlog hit a new high in the third ...
Thomson Reuters Acquires AI Startup Materia
Thomson Reuters is expanding its AI footprint with the acquisition of U.S.-based accounting AI startup company, Materia. The content and technology company said Tuesday that Materia specializes in the ...