By Sheila Dang (Reuters) – Investors appear to be losing patience with Big Tech’s prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly […]
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) – Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank […]
FRANKFURT, Germany (AP) — Germany’s businesses remain mired in pessimism, a key survey showed Friday, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, high interest rates and political squabbling. The closely watched Ifo institute survey of business sentiment rose only slightly to 85.5 points in February from 85.2 points in […]
(Bloomberg) — Skepticism over Chinese assets is spreading beyond stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve’s dovish pivot is set to buoy emerging markets. Most Read from Bloomberg Bearish sentiment toward China has intensified as the latest data confirmed the world’s second largest economy […]
ERIK S LESSER / EPA-EFE / Shutterstock.com With the economy apparently on the up and up post-pandemic, some Americans find themselves unhappy with the current state of affairs. See: 5 Things the Middle Class Can’t Afford AnymoreFind: Pocket an Extra $400 a Month With This Simple Hack The Financial Times reported that only 14% of […]