Chinese President Xi Jinping met Wednesday with representatives of US businesses, state media reported, as Beijing seeks to woo foreign investment and reassure American firms in the face of a slowing economy. “On the morning of March 27, President Xi Jinping met with representatives from the US business community… at (Beijing’s) Great Hall of the … Read more
With the S&P 500 already up 26% from a low point in late October, money is starting to pour into European stocks. Investors should expect that to continue. The S&P 500 has become expensive, while the Stoxx Europe 600 hasn’t. The S&P 500 is now trading at 20.7 times the per-share earnings its component companies … Read more
Are Oracle and Microsoft rivals or partners when it comes to artificial intelligence? Both, judging by their latest announcements. Oracle ’s recent earnings staked out its claim to be an AI winner as it reported strong demand for its cloud services. That has boosted its stock and helped it get an upgrade to Buy from … Read more
Apple has a China problem – we know that. The iPhone maker looks to be hoping that a greater retail presence in the country can help it out. Apple is preparing to open its eighth store in Shanghai this month. The company announced on its website that it would open the site in Jing’an, a … Read more
The stock market’s search for new plays on artificial intelligence hardware has led investors to rediscover Hewlett Packard Enterprise . Back in 2015, when the old Hewlett Packard split into two companies, HP Inc.—the other HP—took the personal-computer and printer business. HP Enterprise, meanwhile, sells an assortment of hardware and software to corporate buyers, including … Read more
No cut, no problem—at least not for the stock market. It should have been a bad week for an overextended market, one that had risen for 14 of the previous 15 weeks. A pair of stronger-than-expected January inflation prints forced investors to wake up to the realization that the Federal Reserve won’t be cutting interest … Read more
Another day brings yet another salvo in the artificial-intelligence wars. No sooner had Alphabet introduced an upgrade to its AI model than OpenAI struck back with a new video-generation tool and was reported to be taking aim at the search-engine market. Microsoft -backed OpenAI on Thursday made a buzzy public announcement of the launch of … Read more
Published: Feb. 12, 2024 at 8:56 a.m. ET By Chris Wack Rail Vision said it has launched its next generation AI-based computer designed to improve railway safety and prevent accidents. The railway technology company said its new technology uses artificial intelligence to detect potential hazards and mitigate risks effectively. The… By Chris Wack Rail Vision … Read more
Alphabet ’s disappointing earnings outlook spoilt the party for investors last week as other Big Tech players wheeled out the champagne. The Google parent is searching for levers to please investors and signing up a partner for its fiber-cable business could be one handy tool. Alphabet is looking for external investment for its GFiber business, … Read more
The broad-based S&P 500 index closed at a fresh record Friday, following a slew of earnings reports from major tech companies and US government data showing the labor market remained solid in January. The S&P 500 finished the day up 1.1 percent at 4,958.61, surpassing its previous high on Monday. The Dow Jones Industrial Average … Read more