Interview: ‘Big Tech’s AI capex is growing much faster than revenue,’ warns AvaTrade’s Kate Leaman
Big Tech is pouring huge amounts of money into AI right now, and we’re already seeing a mix of quick…
US private employers add 42,000 jobs in October as ADP report signals rebound
Private-sector employment in the United States rose modestly in October, with employers adding 42,000 jobs, according to the latest ADP…
Interview: Dipesh Karki on LenDenClub’s AI strategy, profit outlook, and regulatory challenges
LenDenClub, a regulated peer-to-peer lending platform, has expanded its focus on technology and automation since 2021. The company now uses…
Commodity wrap: gold rebounds on risk-off sentiment, oil falls amid dollar strength
After a muted start to the week, gold and silver prices rose on Wednesday as risk-off sentiment dominated the market. …
Ukraine restarts vital gas imports via Transbalkan pipeline after Russian attacks
Following intensified attacks by Russia that caused widespread damage, Ukraine has restarted gas imports via a pipeline crossing the Balkan…
Crypto, AI and one hidden threat: WEF chief warns of 3 bubbles on the brink
The World Economic Forum’s president, Børge Brende, has raised the alarm on three potentially dangerous financial bubbles that could reshape…
UK braces for new tax rises as Rachel Reeves vows to tighten fiscal policy
Britain is preparing for another round of tax rises as Chancellor Rachel Reeves warns that the UK’s economic inheritance is…
Russian naphtha flow continues: sanctioned tanker offloads cargo at Indian port
Ship tracking data revealed on Tuesday that a vessel sanctioned by the European Union is currently offloading Russian naphtha at…
Dow futures tumble over 450 points on Tuesday: 5 things to know before Wall Street opens
Dow futures plunged over 450 points or 0.76% on Tuesday as traders weighed mixed earnings and questioned whether AI stocks…
As AI wipes out entry-level jobs, one sector is booming: here’s why
The US job market is showing clear signs of turbulence. A recent wave of high-profile layoffs has broken the “no-hire,…