Despite optimism over a Federal Reserve policy pivot and better-than-expected corporate earnings reports, RBC Capital Markets’ Lori Calvasina is sticking with her 4,100 year-end target for the S&P 500 index.
Nigeria’s central bank allowed the nation’s currency to weaken by the most in almost five months, days before Bola Tinubu takes over as president of Africa’s biggest economy.
Sam Zell, the billionaire investor who called himself “the Grave Dancer” for his bets on distressed assets, including a losing wager that drove the Tribune Co. into bankruptcy, has died. He was 81.
One of India’s hottest tech companies, Byju’s Alpha, was sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and the education technology firm.
World Health Organization advisers are recommending that vaccine makers formulate their Covid-19 shots to target XBB.1, the globally dominant, immune-evasive family of omicron strains.
In Meta Platforms Inc.’s year of cost cutting and layoffs, there’s one area that’s seeing record spending: an update of the social media giant’s infrastructure to keep pace in the artificial intelligence arms race.
Mortgage rates in the US increased for the first time this month.
The US Supreme Court left in place a broad liability shield for social media companies for content posted by users, insulating Twitter Inc., Facebook Inc. and Google LLC from claims that they provided assistance to Islamic State terrorists.
Blackstone Inc. President Jon Gray told analysts last month that private credit is having a “golden moment” as fund managers take advantage of tighter credit after recent banking turmoil. Left unsaid was that a big push in Europe is proving an exception.
Lee Ainslie’s hedge fund firm backed ChatGPT’s creator long before the chatbot became synonymous with the artificial-intelligence boom.
