European tech shares tumble as China’s AI push spooks investors
(Reuters) – European shares slid on Monday as the technology sector joined the retreat in other markets after China’s upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the…
Futures slip as investors eye China’s latest AI push – what’s moving markets
Investing.com – US stock futures dropped on Monday as markets assessed the release of a Chinese firm’s new artificial intelligence model that may rival OpenAI’s ChatGPT, while the dollar rose in…
Markets may be repeating the mistake of 2019, Goldman Sachs warns
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA…
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…
FedEx sues US government over Trump tariffs refund
FedEx has taken the first major corporate step to recover money collected under Donald Trump’s tariff regime, filing a lawsuit against the US government days after the US supreme court…
Australia’s economy runs hot on inflation while market hits record high
Australia’s economy and market do not appear to be in distress. Offices are full, construction cranes remain on the skyline, and investors have just pushed the stock market to a…
New 10% US tariffs come into effect: all you need to know
The United States’ new round of global tariffs at a rate of 10% took effect on Tuesday, reviving trade tensions only days after the Supreme Court struck down President Donald…
Jamie Dimon warns credit cycle risks echo pre-2008 lending boom
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said growing competitive pressures across finance are beginning to resemble conditions that preceded the 2008 financial crisis, raising concerns about risk-taking…
Europe questions US trade deals after Trump imposes 15% tariffs
Europe is reassessing its trade relationship with the US after President Donald Trump announced a new global 15% tariff on all imports over the weekend. The move followed a US…