The US isn’t guaranteed to maintain a lead over China in the race to develop artificial intelligence, according to Alphabet Inc. President and Chief Investment Officer Ruth Porat. “It isn’t a foregone conclusion” that the US will keep its advantage, Porat said in an...

Both Jefferies and Loop downgrade their views on the shares Stock has sunk in 2025 as China weakness fuels demand concerns Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as...

Stocks in India fell to their lowest level since June, as corporate earnings so far this season have offered little hope to investors betting on an economic recovery. The NSE Nifty 50 Index declined 1.4% to 23,024.65 on Tuesday, marking a fall of over 12% from its...

Musk has been tapped to lead cost-cutting effort for Trump Email available as part of Executive Office of the President Billionaire Elon Musk has already secured a White House email address and office space, clearing the way for him to launch the cost-cutting effort...

S&P 500 has surrendered chunk of gains since election bounce Treasury yield curve steepens following Republican sweep Donald Trump’s victory in the November US presidential election sparked an immediate rally in markets, with stocks flying, the dollar soaring and...

Estimates don’t include renewal of expiring 2017 GOP tax cuts Stronger-than-expected 2024 economy lowered deficit forecast The US government is on track to surpass record debt levels set after World War II in just four years, the Congressional Budget Office warned on...

Rise in Treasury yields adds to government’s interest bill Some Republicans see need for higher spending in some areas Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax...

New year kicks off with broadening beyond Magnificent 7 shares Energy, materials, utilities are winning sectors to start 2025 Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit...

Retention bonuses are second such awards given in recent years Bank boosts Solomon’s annual pay by 26% to $39 million Goldman Sachs Group Inc. handed its top two executives retention awards valued at $80 million each and launched a program to give its leaders a slice...

Some on Wall Street claim the central bank went too far Fed’s defenders point to stability of inflation expectations When Federal Reserve officials gather in two weeks they’re likely to ponder a puzzling trend in markets: Since September, as they lowered short-term...

The house was one of the most expensive transactions in Asia The property saw five failed tenders due to market downturn A bank trying to unload a luxury mansion in Hong Kong formerly owned by a Chinese property tycoon has slashed its price by about 60%, reflecting...

Today on the Big Take: To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself. Scott Bessent is President-Elect Trump’s pick to be the treasury secretary, a role that spans oversight of the $28 trillion market...

Bessent speaks at Senate confirmation hearing for Treasury job Yellen by contrast warned on risks from full extension of cuts Treasury Secretary nominee Scott Bessent warned that the US faces an economic crisis that will hammer middle- and working-class people if the...

UBS investment-bank research unit is underweight on stocks Country may suffer impact from Trump policies, China deflation UBS Group AG is recommending to short India’s rupee and go underweight on the country’s stocks amid slowing economic growth, a trend that could...