HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Some financial services firms are making bold statements about AI but not seeing tangible results, according to HSBC’s head of generative AI.
European stocks close higher as investors eye lower oil prices, China stimulus
European markets closed higher Wednesday as positive sentiment returned in the region.
China’s property stimulus raises optimism — but more steps are needed for a sectoral turnaround
Home sales during the Golden Week holiday — which is traditionally a peak period for big-ticket spendings — have been on a multi-year decline since 2021.
Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal
The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion.
Left and right prey on weak French government as it prepares ‘austerity’ budget
France’s new and already beleaguered government is to present its 2025 budget Thursday amid an ongoing fiscal crisis for the euro zone’s second-largest economy.
CNBC Daily Open: Opportunity in October’s choppiness for stocks
The see-saw motion of stocks in October isn’t all that bad if investors can seize the right time to enter the market or solidify their positions further.
China’s Golden Week holiday signals persistent consumer caution
China’s Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.
India central bank holds rates, shifts stance to ‘neutral’ signaling rate cuts ahead
The Monetary Policy Committee, which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a tenth straight policy meeting.
Boeing withdraws contract offer after talks with union end without a deal
The breakdown extends a machinist strike at Boeing that has halted production of most of the company’s aircraft.
Baidu’s robotaxi unit is exploring expansion into global markets in the ‘near future’
Chinese tech company Baidu’s robotaxi unit Apollo Go is in talks to expand overseas in the near future, according to a source familiar with the situation.
