Steward Health CEO who refused to testify to US Senate will step down
WASHINGTON (Reuters) – Ralph de la Torre will step down as CEO of troubled Steward Health Care next week, the company said on Saturday, after he was held in criminal…
UBS chair warns against big increase in capital requirements, newspaper reports
ZURICH (Reuters) – UBS Chair Colm Kelleher warned on Sunday that the Swiss government’s plans to strengthen capital requirements for big banks could damage the country’s position as a financial…
Tata iPhone component plant disrupted by fire, 10 given medical aid
By Haripriya Suresh and Praveen Paramasivam HOSUR, India (Reuters) – At least 10 people received medical treatment, with two hospitalised, after a major fire on Saturday disrupted production at a…
Leveraging GenAI for asset management
Investing.com — According to Bernstein, Generative AI (GenAI) is emerging as a crucial tool in asset management, offering a “technical scaffold” that enables non-technical professionals to interact with models and…
The risks of carrying cash as rates decline
Investing.com — The surge in money market funds’ assets, which have reached record highs, exposes investors to reinvestment risk as the Federal Reserve shifts towards a rate-cutting cycle. While holding…
5 big analyst AI moves: Microsoft downgraded, Micron rally ‘will sustain’
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade…
When the dollar store closes, US families on food benefits lose a lifeline
By Jessica DiNapoli and Kaylee Kang NASHVILLE (Reuters) – Nearly every day, Latrina Begley, 37, of Nashville, or one of her six children, shopped at the Family Dollar down the…
Fed rate cuts to help spark broader market opportunities in 2025
Investing.com — Wells Fargo analysts believe that the recent rate cut by the Federal Reserve is just the beginning of a series of reductions that could fuel broader market opportunities…
Institutional investors more confident in soft landing, says Morgan Stanley
Investing.com — Institutional investors are showing renewed confidence in a U.S. soft landing, Morgan Stanley strategists said in a Wednesday note. After holding more than 150 meetings with institutional investors…
China stimulus: top 3 commodities stocks to consider
China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos…