Bloomberg Business

BofA Strategist Says Sell US Stocks as AI Seen Forming a Bubble

Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.

Fujitsu General’s $1.1 Billion Stake Sale Is Said to Stall

The sale of Fujitsu Ltd.’s majority stake in its air-conditioner manufacturing unit has stalled as the bidders have been unable to agree on a price with the Japanese firm, according to people familiar with the matter.

EON Weighs Sale of UK Business Energy Supplier Npower

EON SE is exploring a sale of a UK unit supplying energy to large businesses, people with knowledge of the matter said, becoming the latest power company to seek an exit from a sector generating slim returns.

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