Applied Intuition Hits $15 Billion Valuation for AI Vehicle Tech

The company raised $600 million from investors as it prepares for an eventual IPO. Applied Intuition Inc. — a startup developing technology for autonomous vehicles, drones and more — has raised $600 million from investors in a deal that more than doubles its valuation...

US Stock Market’s Outperformance Is Over, BofA Survey Shows

Global stocks will beat US equities over the next five years, according to Bank of America Corp.’s latest fund manager survey, adding evidence that investors increasingly see America’s market dominance as coming to an end. Some 54% of asset managers expect...

US Stocks Risk 20% Drop in High Inflation Scenario, RBC Says

The S&P 500 Index risks sinking 20% if inflation spikes on the back of higher oil prices, according to a report by RBC Capital Markets LLC strategists that laid out three possible pullbacks. The strategists, led by Lori Calvasina, said US equities are vulnerable...

Global Rate Limbo Reigns After 150 Days of Trump

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US President Donald Trump. From Washington to London, wary officials in countries that account for two fifths of the...