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Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody's said AI spending is forcing even the world's most cash-rich corporations to lean heavily on debt, stock sales and off-balance-sheet moves.Read More...
U.S., other nations back open-source AI with ‘strong security’ at China summit
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China's industry and information technology minister.Read More...
JPMorgan report finds dramatic jump in AI-themed ETFs — despite rough quarter
Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to JPMorgan Asset Management.Read More...
Odds of Federal Reserve rate hike surge as oil prices rip higher
Investors are increasingly readying for the Federal Reserve to hike interest rates in September.Read More...
Shortsighted stock market can no longer brush off war: ‘It’s too hard to ignore $100 oil’
After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.Read More...
John Paulson says we are in the early stages of a long-term bull market for gold
He said demand for bullion continues to broaden, led by central banks that have been adding to their reserves alongside growing private-sector interest.Read More...
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