BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would create a European asset-management giant.
What once was a strategic, long-term partnership between the world’s biggest software company and an AI startup has morphed into something more complicated.
For investors skeptical of Meta’s massive investment in artificial intelligence infrastructure, CEO Mark Zuckerberg is urging them to look at the results.
At his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.