Investors Are Most Positive on EM in Two Years, HSBC Survey Says

Investors’ bullishness on emerging markets is at its highest in over two years, according to HSBC’s quarterly survey of 100 money managers. About 44% of respondents now have a bullish outlook on EM for the coming three months, according to the survey, which canvassed...

Uber and Waymo Begin Driverless Ride-Hailing Service in Atlanta

Uber Technologies Inc. on Tuesday will begin offering its customers driverless Waymo rides in Atlanta, making it the second market, after Austin, where the two companies are teaming up instead of competing against each other. Dozens of Waymo’s robotaxis will service...

Stock Surge Saw US Add More Than 379,000 Millionaires Last Year

The US added more than 1,000 new millionaires per day last year, with surging stocks driving the wealth increase, according to a new report from UBS. There were more than 684,000 millionaires created worldwide in 2024, including over 379,000 in the US. Overall, wealth...

Microsoft Planning Thousands More Job Cuts Aimed at Salespeople

Microsoft Corp. is planning to ax thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid heavy spending on artificial intelligence. The cuts are expected to be announced early next month, following the end of...

Cathie Wood’s 50% ARKK Rebound Hits a Big Wall of Skepticism

Cathie Wood’s flagship ETF has staged a powerful comeback from the depths of the trade war panic, rallying more than 50% since early April. But rather than restoring investor faith, the rebound has only been met with skepticism. Outflows are persistent. Short sellers...

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...

Influencer Marketing Gains Ground as Global Ad Budgets Tighten

Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that’s fantastic news. “We’re so thankful to this...

Amazon and Walmart Weigh Issuing Own Stablecoins, WSJ Says

Amazon.com Inc. and Walmart Inc. are among large multinational companies which have recently discussed issuing their own stablecoins in the US, the Wall Street Journal reported, citing unidentified people. A Walmart spokesperson declined to comment. Amazon...

Wary Wall Street Positioning Leaves Room for S&P 500 to Rally

Analysts at firms including Barclays Plc and JPMorgan Chase & Co. see further upside for US stocks, in part because they expect institutional investors to abandon their cautious stance and ramp up exposure to equities. While stocks have roared back from their...