Market’s tech focus is ‘shortsighted,’ with a broader bull run coming, portfolio manager says
The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.
Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says
Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.
British telecom giant BT to cut up to 55,000 jobs by 2030
The company intends to reduce staffing by 40,000 to 55,000 roles.
Ripple CEO says more crypto firms may leave U.S. due to ‘confusing’ rules
More crypto firms may leave the U.S. for more progressive jurisdictions like Europe if regulators continue to crack down on them, said Ripple CEO.
‘It’s a no-brainer’: U.S. beats UK investment scene, says British MP, calling for radical overhaul
Britain’s opposition finance minister on Tuesday lambasted the country’s business environment under the current Conservative government.
Bank of England governor says the UK is facing a wage-price spiral
Andrew Bailey said second-round effects of wage growth and price setting were “unlikely to go away as quickly as they appeared.”
Central Asia leaders converge in China as Xi touts ‘enduring’ friendship
Central Asian heads of state converged in China’s historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping.
This trader’s got the ‘perfect’ job for full-time travel — and he’s teaching others how to do it
Boat life, van life, backpacking, motorhomes — Patrick Schulte says he’s done it all. Now he’s teaching others how to trade to live a life of constant travel.
Goldman Sachs says A.I. could push S&P 500 profits up by 30% in the next decade
Productivity gains driven by artificial intelligence is a real source of optimism for future earnings growth among S&P 500 companies, Goldman Sachs says.
Analyst likes these 4 EV stocks — and says one is ‘head and shoulders’ above others
The electric vehicle market is a “long way” from a shakeout, according to Sino Auto Insights’ Tu Le, who shares his outlook on its top and emerging players.
