Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of AJ Bell said that pre-Budget uncertainty prompted large withdrawals from pensions and labelled certain changes to the Isa regime as “absolutely bonkers”. Michael Summersgill told the Financial Times that even though … Read more
“I expect the vibes out there to be rough for a bit.” So said Sam Altman in a memo to staff last month. And the vibe shift has indeed been fast and furious. OpenAI’s leader declared a “code red” to staff in a new memo, first reported by The Information, as the world’s most valuable … Read more
Key Points Artificial intelligence (AI) stocks like Nvidia and Palantir Technologies have delivered blistering returns over the last few years. Not all AI stocks are created equal, and picking the long-term winners and losers in this industry won’t be easy for investors. The iShares Future AI and Tech exchange-traded fund provides access to a broad … Read more
Goldman Sachs chief equity strategist David Kostin is retiring after 31 years — and he keeps getting peppered on his way out about whether the market’s in a bubble. #Goldmans #chief #strategist #retiring #years #sees #bubble
China Pacific Insurance appoints Wang Yuhua as non-executive director #China #Pacific #Insurance #appoints #Wang #Yuhua #nonexecutive #director
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. #Client #Challenge
Cotton futures were steady to 7 points lower across most contracts on Tuesday. Crude oil futures were down 73 cents per barrel at $58.59 on the day, with the US dollar index $0.102 lower to $99.260. Commitment of Traders data showed managed money trimming 98 contracts from their previous record net short position as of … Read more
The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.20%. December E-mini S&P futures (ESZ25) rose +0.33%, and December E-mini Nasdaq futures (NQZ25) rose +0.18%. Stock indexes shook off early losses and settled higher on … Read more
The shortage is a lucrative opportunity — but the window is brief. #power #desperately #Heres #invest #companies #profiting #pain
Exxon to permanently shut one steam cracker in Singapore from March, sources say #Exxon #permanently #shut #steam #cracker #Singapore #March #sources