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Chinese Stocks Just Had Their Best Week Since 2008, And DirecTV And EchoStar Are Teaming Up

Chinese stocks continued to rally thanks to government intervention, while “merger Monday” this week had its share of blockbusting winners and (hasht…

2 years ago

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Money Market Funds Hit Record Levels, And Japan’s Leadership Result Shocked Markets

Investors have pushed a record $6.8 trillion into US money market funds, while Japan’s surprise leadership result sent a shock through the country's …

2 years ago

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OpenAI Is Pushing To Become For-Profit, And China's Stock Market Jumped Again

OpenAI started pushing to become a for-profit company, and key execs left the building the very same day, while China’s stock market rally continued …

2 years ago

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The Global AI Market Could Hit $1 Trillion By 2027, And Canva Is Gearing Up For An IPO

Consultancy firm Bain predicted that the global AI market could reach $1 trillion by 2027, while design platform Canva has drawn up plans for an init…

2 years ago

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China’s Stocks Rallied On News Of Financial Support, And The US Election Could Threaten The Country’s Climate Plans

News of financial support brought about China’s biggest stock rally in over four years, while the US green agenda has been circling the drain – and N…

2 years ago

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Qualcomm’s Considering A Friendly Takeover Of Intel, And The Eurozone’s Private Sector Shrank

Qualcomm sidled up to Intel in what could become the tech industry’s biggest-ever takeover, while the eurozone’s private sector dropped off by more t…

2 years ago

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Three Big US Money Managers Have Been Snubbing ESG, And The UK’s National Debt Is Now The Size Of Its Economy

The biggest US money managers pared back their approvals for ESG proposals, while the UK’s national debt added up to 100% of the country’s economic o…

2 years ago

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Demand For Expensive Swiss Watches Ticked Up, And India Overtook China In A Big Stock Market Index

Demand for the most expensive Swiss watches picked up while “cheaper” timepieces fell behind, and India’s runaway stock market just propelled the cou…

2 years ago

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BlackRock, Microsoft, And MGX Are Launching A New AI Fund, And UK Inflation Held Steady Last Month

Three big-name firms teamed up to build a fund focused on AI investments, and they’re set on raising $30 billion, while UK inflation stayed slightly …

2 years ago

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Intel Plans To Spin Off Its Manufacturing Business, And US Retail Sales Came In Strong

Intel announced major cost cuts and restructuring plans, while US retail sales defied pessimistic predictions by picking up in August.

Today’s stories…

2 years ago

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