Will AI be a bust? A Wall Street skeptic rings the alarm.
As Jim Covello’s car barreled up Highway 101 from San Jose to San Francisco this month, he counted the billboards about artificial intelligence. The nearly 40 signs he passed, including…
Engie to provide Facebook parent Meta with 260 megawatts of energy from U.S. solar plant
Facebook owner Meta Platforms META-Q will buy all the output of Engie’s planned U.S. Sypert solar power plant, the French utility said on Thursday, in line with attempts to use…
Apple, Goldman Sachs ordered to pay more than $89 million over Apple Card failures
Apple and Goldman Sachs must pay more than $89 million over failures related to their joint Apple Card, federal financial regulators announced Wednesday.The Consumer Financial Protection Bureau (CFPB) said the…
Northvolt co-founder, Swedish funds reportedly willing to inject cash into struggling battery maker
Open this photo in gallery:A Northvolt facility in Vasteras, Sweden, on Sept. 29, 2021.Helena Soderpalm/ReutersA co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50-million)…
Investment banking surge at Morgan Stanley solidifies Wall Street revival
An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm's profits in the third quarter exceeded analyst expectations.Fees from investment banking jumped…
Columbus Day trading, Netflix and bank earnings, and economic data: What to watch in the markets this week
After a hectic week filled with major earnings reports, an AI summit, robotaxis, and key inflation data, this coming week will be shorter but still significant. Here’s what’s on the…
The bull market is 2 years old. Here’s where Wall Street thinks stocks go next.
The bull market in the S&P 500 (^GSPC) began two years ago and is showing few signs of slowing.Backed by the rise of artificial intelligence euphoria and a surprisingly resilient…
These stocks are best-positioned to gain in the next wave of AI investment, Goldman Sachs says
Getty Images; Jenny Chang-Rodriguez/BIAI enthusiasm has rebounded in recent weeks after investors worried about returns over the summer.In the next wave of investment, Goldman Sachs analysts recommend "platform" stocks like…