ETF Seizes on ChatGPT Buzz With a Focus on ‘Conversational’ AI
Wall Street’s $6 trillion ETF machine rarely lets a viral trend pass it by. OpenAI’s chatbot is no exception.
Bloomberg Business
Summers Sees Risk of ‘Sudden Stop’ in Economy After Jobs Surge
Former Treasury Secretary Lawrence Summers highlighted the risk of a sudden downturn in the economy after a surge in jobs growth that dwarfed expectations.
How Adani Selloff Stacks Up Against the Biggest Stock Collapses
The magnitude of the plunge in stocks tied to Indian billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history.
Nissan Techs Can Vote on Union, US Labor Board Rules
A group of around 86 Nissan North America Inc. technicians at a Tennessee manufacturing plant can vote on unionization, the US labor board ruled, rejecting the company’s argument that any union election should include thousands more employees.
GM’s Driverless Car Snafus Jeopardize San Francisco Expansion
The city’s transit authority opposes Cruise taking its service city-wide and running around the clock.
Ex-Citi Analyst Who Exposed Libor Targets Successor
Over a decade ago, Scott Peng was one of the earliest voices to call out the scandal-ridden London interbank offered rate. Now, he’s sounding the alarm over its successor.
Apple Blames Rotten Holiday Quarter on Supply Chain, Economy
Apple Inc. shares rebounded Friday as investors looked past a disappointing quarter that was hurt by supply-chain snags, focusing instead on the tech giant’s longer-term prospects.
A Quarter Million Texans Are Still in the Dark Days After Ice Storm
More than 240,000 Texans were still without power after an ice storm swept through the state earlier this week, downing power lines and snapping heavy tree branches.
US Service Gauge Tops Estimates in Biggest Advance Since 2020
A gauge of US services snapped back in January after an end-of-2022 slump, suggesting a resurgence in consumer demand that leans against concerns of an imminent economic slowdown.
Adani Group Credit Outlook Cut to Negative by S&P as Risk Mounts
The outlooks on Adani Group’s credit scores were slashed to negative by S&P Global Ratings as investors grow concerned about potential governance risks and funding challenges.
