Goldman says this solar tech stock can surge nearly 50%
Nextracker will benefit from Inflation Reduction Act tax credits, a diverse global footprint and wider gross margins, according to Goldman Sachs.
Microsoft CEO Satya Nadella says global consensus on AI is emerging
Microsoft CEO Satya Nadella said there is a need for global coordination on AI and agreeing a set of standards and appropriate guardrails for the technology.
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressing easing this year.
European markets close lower as ECB members talk rate cuts at Davos; Hugo Boss down 9%
European stocks closed lower Tuesday, as markets continue to focus on news and comments from the World Economic Forum in Davos, Switzerland.
Russian demand for Dubai property is slowing — but China’s is picking up, DAMAC chairman says
While China’s economy faces challenges at home, Dubai is benefitting from those who can spend and invest their capital outside of the country.
U.S. economy has already seen 75% of the impact from Fed’s hikes, IMF says
Europe has more follow-through from higher interest rates still to come, the IMF’s deputy managing director said at Davos.
Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules
A new open letter alleges Big Tech “gatekeepers” like Google, Microsoft, and Apple haven’t done enough to comply with the EU’s strict Digital Markets Act.
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon’s failed consumer banking efforts.
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King.
Fed should be a ‘little concerned’ about starting rate cuts too early, Nasdaq CEO says
Nasdaq CEO Adena Friedman said that the Fed should be wary about starting to cut interest rates too early.
