Apple’s shares rose 2.5% to a record high on Monday after Morgan Stanley cited the company’s AI efforts as a boost to device sales.
Read More Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI effortsTag: Morgan Stanley
Exclusive: Fed may tweak rule that could save biggest US banks billions
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
Read More Exclusive: Fed may tweak rule that could save biggest US banks billionsBig US banks expected to be cautious on shareholder payouts
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
Read More Big US banks expected to be cautious on shareholder payoutsWall St unsettled ahead of inflation data, Fed meeting
Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.
Read More Wall St unsettled ahead of inflation data, Fed meetingMicrosoft’s AI lead puts Amazon cloud dominance on watch
Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com.
Read More Microsoft’s AI lead puts Amazon cloud dominance on watchWhat to expect in 2024: Forecasts for GDP, inflation and other assets
Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.
Read More What to expect in 2024: Forecasts for GDP, inflation and other assets