A Treasurer’s Playbook Following a Fed Rate Hike: Ask Banks to Pay Up for Deposits
Plus, what CEOs really think about the AI apocalypse threat.
Market and business briefs compiled by the Trading Floor desk from reporting across the industry. Every brief names and links the outlet that first reported the story.
Plus, what CEOs really think about the AI apocalypse threat.
Plus, J.B. Hunt warns that costs will cut into profit, and U.S. retail sales rebounded in August.
Plus, the Federal Reserve raises interest rates for the first time in three years.
Brazil, China, Germany and Russia have recently joined an unfortunate club…
Shares slumped after the industrial services provider lowered its outlook for the year and said it would cut up to 1,500 jobs, with postponed customer investments expected to weigh on results.
A shuttle service that slips oil through the Strait of Hormuz now looks like the kingdom’s best fallback.
How fast are AI investments translating into broader gains? Taiwan and South Korea offer hints…
Tata Sons Pvt. on Thursday decided to pursue a stock listing and extend its chairman’s term by five years despite strong — and public — opposition from the founding-family patriarch, setting up a showdown at one of India’s oldest conglomerates. Group stocks dropped Friday.
Rhodium Group's latest analysis of Chinese and U.S. AI companies also found that low revenue did not necessarily correspond with lower valuation.
The reading comes a day before the Bank of England updates its monetary policy.
Author: A finextra community member…
Higher U.S. yields continue to bolster the dollar, keeping pressure on the yen despite widespread expectations that the Bank of Japan will raise its benchmark rate on Friday.
Plus, Meta needs to convince skeptical consumers it’s trustworthy if its powerful new Muse AI agent is going to succeed.
Suleyman joined "Squawk Box" to discuss OpenAI's latest incidents of "concerning model behavior" disclosed earlier this week.
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