Stocks Set for Record as Alphabet Stokes AI Hopes: Markets Wrap
(Bloomberg) — Stocks rose toward all-time highs as Alphabet Inc.’s results showed solid demand for artificial intelligence, bolstering…
AI Boom Leads to Record Costs on US Grid and Call for New Plants
(Bloomberg) — Businesses and households served by the largest US power grid will spend a record $16.1 billion…
ECB Won’t Flinch Yet in the Shadow of Trump’s Trade War
(Bloomberg) — The European Central Bank is likely to stare down the economic danger posed by US President…
After Stock Market’s Torrid Run, Earnings Misses Face Punishment
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate…
Sarepta Refused FDA’s Request to Halt Elevidys Shipments
(Bloomberg) — Sarepta Therapeutics Inc. has refused to pause all shipments of its Elevidys treatment after three deaths…
Oil Steadies as Supply Concerns Offset Strong Dollar
(Bloomberg) — Oil was steady in London as traders weighed supply disruptions in Iraq against a strong rebound…
Wall Street CEOs Stress Fed Independence Amid Powell Attacks
(Bloomberg) — Top bosses at some of Wall Street’s biggest banks emphasized the importance of an independent Federal…
Canada to Curb Steel Imports to Soften Blow From US Tariffs
(Bloomberg) — Canada will reduce the amount of foreign steel importers can bring into the country tariff-free, a…
Indeed and Glassdoor become latest companies to fall victim to AI job cuts
Job search company Indeed and employer review site Glassdoor are both facing staffing cuts – the latest victims…
A Tomato Fight With Mexico Is Set to Boost US Prices Nearly 10%
(Bloomberg) — Consumers may soon be paying more for fresh tomatoes as a decades-long deal with Mexico expires…