This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
7 matching records found
According to the president of Blackstone Inc., there’s no bubble in artificial intelligence. Treasury Secretary Scott Bessent isn’t seeing a “systemic problem” in the boom. But as hard as Wall Street brass works to tamp down concerns around the space, markets are refusing to be calmed.
Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is right.
The US will turn some "dark fleet" oil tankers into legitimate ships that can legally carry crude, says Energy Secretary Chris Wright. He says investors will refurbish some ships and have them carry non-sanctioned oil. He speaks to Bloomberg's Annmarie Hordern at a Citadel Securities event in New York. (Source: Bloomberg)
Wall Street has spent the year betting on staggering AI growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at $110 a barrel threatening to make inflation harder to contain.
Risk aversion is set to dominate markets in coming weeks as investors seek shelter from higher interest rates and volatility around US midterm elections and the AI trade, according to Bank of America Corp.’s Michael Hartnett.
S&P 500 Index futures fall 0.3% as of 7:56 a.m. in New York as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds.
PNC Asset Management Chief Investment Officer Amanda Agati tells Bloomberg This Weekend that strong corporate fundamentals and resilient consumer spending could support US stocks as investors head into third-quarter earnings season. Speaking with hosts David Gura and Christina Ruffini, Agati says investors will be watching for evidence that AI investment is generating returns beyond the largest technology companies, while strong US earnings growth keeps her favoring domestic equities over developed international markets. (Source: Bloomberg)