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The AI revolution will cut nearly $1 trillion a year out of S&P 500 budgets, Morgan Stanley says—largely from agents and robots doing human jobs
Read the fine print, though. The bank says this would “likely take many years to achieve,” and there’s a “significant risk” of many firms not reaching full adoption.
The ‘Ghosts of 2007’ and the graybeard ‘Nifty 50’: BofA looks at the rare situation in markets and finds ominous parallels to the GFC and the dotcom bubble
Conditions are like they were in 2007, or in the late 1990s, depending on how you look at the Fed raising rates during rising inflation, and the top 50 stocks dominating.
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Asia’s elderly risk getting sicker for longer. Hotelier Allen Law wants to ‘bridge the gap’ between lifespan and healthspan
Law sees longevity as one of the two biggest business opportunities over the next decade due to rapid AI advancements and post-COVID lifestyle changes.
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Home Depot says customers are putting off larger home-improvement projects as stubborn interest rates and worries about the economy fester
Consumers are hesitant to take out loans for bigger projects, said Home Depot’s CFO.
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Powell to deliver Jackson Hole address under fire on multiple fronts
Federal Reserve chair is under bombardment from Trump and battling an insurgency within the central bank