Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Business - Financial Times - 4 hours ago

Visa says spending trends are stable, and this time Wall Street agrees

Visa’s CFO expects the “stable and resilient consumer” to keep up such spending trends into the company’s new fiscal year.

Business - MarketWatch - 2 days ago

Tech stock sell-off wipes out Wall Street’s October gains

Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early September

World - Financial Times - Yesterday

Wall Street Journal, NY Post sue AI startup

Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...

Politics - The Hill - October 22

Wall Street Giants to Make $50 Billion Bet on AI and Power Projects

KKR and Energy Capital Partners plan to invest in development of data centers and the power infrastructure to support them.

Tech - The Wall Street Journal - 2 days ago

AI on the trading floor: Morgan Stanley expands chatbot tools to Wall Street division

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.

Big Tech turns to nuclear energy to power AI boom

Major technology companies are increasingly turning to nuclear energy as they attempt to keep up with the vast energy demands of artificial intelligence (AI) without derailing their highly ...

Politics - The Hill - October 16

Nuclear-Powered AI: Big Tech's Bold Solution or a Pipedream?

Amazon, Google and Microsoft are investing billions in nuclear power, but the projects are years away and rely on unproven technology.

Tech - The Wall Street Journal - October 22

Big Tech Sees AI Bets Starting to Pay Off

Microsoft, Google and Amazon all reported strong quarterly growth in cloud revenue but warned of increased capital spending.

Business - The Wall Street Journal - 15 hours ago

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

Business - CNBC - October 23

Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions

Large tech firms are turning to alternative power sources like nuclear as a way to fulfill growing energy demands from data centers.

Business - CNBC - October 16

Filmmakers Are Worried About AI. Big Tech Wants Them to See ‘What's Possible’

Amazon is hosting AI filmmaking competitions. Meta is letting directors test Movie Gen. As tech companies develop new tools, they need filmmakers to show they can be used responsibly.

Tech - Wired - October 17

Ways to target – or avoid — Big Tech and megacap stocks via ETFs amid AI frenzy

“The shape of the U.S. equity market has undergone a massive change over just the last few years,” says BlackRock’s Rachel Aguirre.

Business - MarketWatch - October 24

Big Tech goes nuclear

{beacon} Energy & Environment Energy & Environment The Big Story Big Tech turns to nuclear energy to power AI boom Major technology companies are increasingly turning to nuclear energy as they ...

Politics - The Hill - October 17

McDonald's, Boeing experience Wall Street struggles

It's been a mixed week for stocks amid a flurry of corporate news, including problems for fast food giant McDonald's, as it deals with an E. coli outbreak possibly linked to its Quarter Pounders. ...

Top Wall Street analysts are upbeat on these dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Diamondback Energy

Business - CNBC - 5 days ago

The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'

Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.

Big Tech Carries the Entire Stock Market — and Nvidia Fuels Big Tech

The Magnificent Seven have doubled the returns of the S&P 500 in 2024, but much of the outperformance can be chalked up to chip giant Nvidia.

Business - Inc. - October 25

Big Tech’s dash for nuclear power

The take-off of AI will fuel a surge in demand for electricity

Business - Financial Times - October 20

Big Tech makes amends with Trump

Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Big Tech reaches out to Trump ahead of Election Day The leaders of major technology companies are making ...

Politics - The Hill - 2 days ago

Optimism on Wall Street, and Harris Agrees to a Fox News Interview

Plus, an investigation into China’s panda factories.

Top stories - The New York Times - October 15

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Wall Street’s most frustrating ‘pain trade’ looks set to continue

For Wall Street’s professional money managers, the biggest “pain trade” right now is the ongoing rally in stocks following a massively successful two-year bull run.

Business - MarketWatch - October 15

Trump: Wall Street Journal has been 'wrong about everything'

Former President Trump blasted the Wall Street Journal and other prognosticators in the financial sector who have predicted his economic plans will have a negative impact on the country's financial ...

Politics - The Hill - October 15

Netflix adds 5 million subscribers and beats Wall Street's profit expectations

Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.

Entertainment - Los Angeles Times - October 17

Wall Street hates Treasurys. Maybe it’s time to give them some love.

Maybe it’s time to show them a little appreciation.

Business - MarketWatch - October 19

Top Wall Street analysts like these stocks for their growth prospects

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.

Business - CNBC - October 20

Behind Many Powerful Women on Wall Street: A Doting 'Househusband'

More men are staying home to facilitate the complex juggle of family life and their wives’ high-powered careers.

Business - The Wall Street Journal - October 21

Wall Street analysts get it wrong on two of our portfolio industrial stocks

New research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.

Business - CNBC - October 21

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

Wall Street is worried stocks might be on the cusp of a ‘lost decade’

Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.

Business - MarketWatch - October 22

The Wall Street Veteran Leading Disney's Search for Iger's Replacement

James Gorman wanted a challenging board role after nailing succession at Morgan Stanley. He’s getting one at Disney.

Business - The Wall Street Journal - October 22

A Key Corner of Wall Street Is Pricing in a Trump White House and No Recession

Bond traders have responded to strong economic data by lowering their forecasts for Fed rate cuts.

Business - Inc. - October 23

Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 23

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - October 24

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - October 24

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