Business
The next wave of AI won’t be driven by LLMs. Here’s what investors should focus on instead
The diminishing returns from each new iteration of LLMs are making it clear that we’re nearing the top of the ...
Boohoo chief to step down as fast-fashion group launches strategic review
Retailer says it remains ‘fundamentally undervalued’ and announces £222mn debt refinancing
Wealthy consumers—boosted by big income, home equity and stock market gains—are fueling U.S. spending surge
Housing and stock values have soared in particular for the wealthiest one-tenth of Americans over the past four years. Read ...
China stocks move up on GDP growth surprise as US stocks flirt with record highs
US markets continue to flirt with record highs. Read More
Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter.
Elon Musk calls on Philadelphia to vote early for Trump. Some at the rally shouted back ‘Why?’
Elon Musk held his first solo event in support of Donald Trump for president, encouraging voters in the Philadelphia suburbs to ...
Internships at Wall Street titan listed with $250k salary—and it doesn’t even require any finance industry experience
Gen Z grads interning at Jane Street can expect to get $21,000 monthly pre-tax—about four times what the average American ...
High-intensity, low-impact training (HILIT) is gentle on joints and can boost your metabolism. Here’s how to get started
High-intensity, low-impact training is a safe, effective, and joint-friendly cardio workout suitable for just about anyone. Read More
Boohoo CEO steps down and begins strategic review of company
Boohoo said it is now is time to “review options for each division” to maximize value for shareholders. Read More
Italy auto industry struggling for survival, lobby group says
If manufacturers led by Stellantis don’t reverse a trend of declining production in the country, Italy’s car industry may face ...
China needs stimulus with ‘beautiful deleveraging’ to avoid debt crisis, says Ray Dalio
China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says ...
Hizbollah warns of escalation in Israel conflict after Yahya Sinwar killing
Threat from Lebanese militant group follows death of Hamas leader in firefight in Gaza
British retail sales beat forecasts to rise for third straight month
Unexpected growth of 0.3% fuelled by tech purchases
Germany’s auto giants are struggling to stay relevant
Germany’s automotive sector, long recognized for producing high-quality cars, is struggling to preserve its relevance in the age of electrification.
After rejecting Google takeover, Wiz says it will IPO ‘when the stars align’
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants ...
US lawmakers take aim at McKinsey over work in China and for the Pentagon
Officials seek probe into whether consulting giant broke law by failing to disclose potential conflicts of interest
Top Trump economic adviser says big Fed rate cut was justified
Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins election
UK innovation will be undermined by science department Budget squeeze, industry leaders warn
Tight finances made worse by bill to rejoin EU programme Horizon
Beard taxes and other lessons for Rachel Reeves
The chancellor could find new ways to raise money — or she could just broaden the tax base
Weaponised autism and the extremist threat facing children
The UK’s ‘Prevent’ initiative was set up to identify young people prone to radicalisation. Are we now in danger of ...
Yes, CEOs are moving left, but ‘woke capitalism’ is not the whole story
The corporate world has taken a progressive turn, while polarisation is also on the rise
Pension funds warn being forced to invest in UK would be ‘huge mistake’
Industry fears having to buy lower-quality assets at unattractive prices after minister says ‘considering all options’
Why European bank mergers are back on the table
Rising rates have boosted profits and policymakers want banks that can compete with US rivals. But many obstacles remain
Pension de-risking: the pitfalls for retirement savers
Bonds, traditionally seen as safe assets for pension pots, have been subject to huge fluctuations in recent years
LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn’t the answer
“I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company’s earnings call this week. Read ...
Billionaire investor is licking his wounds after selling Nvidia
Stanley Druckenmiller said he made a mistake selling the AI stock. Big. Huge. Read More
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about face from its earlier public messaging about the larger company’s prospects.
China’s reports third-quarter GDP growth of 4.6%, slightly beating expectations
Beijing has faced public scrutiny over its ability to meet its own annual growth target of “around 5%.”
China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its ...
China’s economic growth falters in third quarter
Beijing has stepped up stimulus efforts as it seeks to hit full-year GDP target of 5%
