Reported about 1 month ago
AXIS Capital's CEO, Vince Tizzio, discusses how insurance companies are harnessing AI to enhance operations and meet evolving demands, particularly in sectors like cyber insurance. With a rise in claims due to increased cyberattacks and a need for customized solutions, AI plays a pivotal role in risk assessment and operational efficiency within the insurance industry.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Nvidia and Perplexity have formed partnerships with over a dozen AI companies across Europe and the Middle East to improve and distribute AI technologies tailored to local needs. Focusing on countries like France, Germany, and Spain, they aim to develop reasoning models that can perform complex tasks in native languages. Nvidia intends to generate synthetic data to aid this development, while Perplexity will help implement these models in European businesses, marking steps towards more effective local AI solutions.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Mortgage applications in the US for refinancing and home purchases saw a significant increase last week, despite borrowing costs remaining just under 7%. The Mortgage Bankers Association reported a 15.6% rise in refinancing applications and a 10.3% increase in home purchase applications, marking the highest levels in two months. Economists suggest that lower home financing costs are necessary to revive the housing market, which continues to struggle with high prices.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The latest Morning Brief highlights that major IPOs closely resemble the top stocks in the market, particularly the 'Magnificent Seven' tech companies, which have driven the S&P 500 to near-record levels. Recent IPOs, especially in tech, have shown remarkable gains, with shares from notable listings like Circle and CoreWeave surging significantly. Research indicates tech IPOs have outperformed non-tech IPOs by a wide margin, demonstrating the strong investor interest in technology and AI-driven companies.
Source: YAHOO
Reported about 1 month ago
After a trade framework was agreed upon in London between the US and China, analysts expressed various views on its implications. US Commerce Secretary Howard Lutnick noted the potential resolution of restrictions on rare earths, while experts like Chris Weston and Carol Kong highlighted the importance of details in the agreement and the challenges ahead. Though markets reacted with limited movement, there was cautious optimism regarding ongoing talks, even as skepticism remained about achieving a comprehensive trade deal.
Source: YAHOO
Reported about 1 month ago
The US and China have established a framework to ease trade tensions following two days of negotiations in London, aimed at resolving issues related to rare earths and magnets. US Commerce Secretary Howard Lutnick announced that representatives would now seek approval from their leaders. While Trump's tariffs remain under legal scrutiny, a federal appeals court has allowed them to stay in effect temporarily. The negotiations occur against a backdrop of heightened scrutiny on global trade policies, with ongoing discussions involving other countries as well.
Source: YAHOO
Reported about 1 month ago
Tesla is tentatively set to launch its self-driving robotaxi service to the public on June 22, as announced by CEO Elon Musk. The company is focusing on autonomous vehicles as a key part of its future, although the path to commercialization is fraught with challenges such as safety concerns and regulatory hurdles. Musk emphasized the importance of safety, indicating that the launch date may change.
Source: YAHOO
Reported about 1 month ago
Spain's Economy Minister Carlos Cuerpo highlights the pressing challenges of 'overtourism' as the country anticipates welcoming up to 100 million tourists this year. With a record 94 million international visitors last year, the surge in tourism is correlated with rising housing costs and short-term rental issues, prompting widespread protests from frustrated residents. The government has responded by cracking down on illegal Airbnb listings and acknowledging the urgent need for more public housing to address the significant housing deficit. Cuerpo emphasized a multifaceted approach to tackle these challenges while ensuring a beneficial experience for both tourists and locals.
Source: YAHOO
Reported about 1 month ago
US stock futures showed mixed performance as markets reacted to the latest developments in US-China trade negotiations, a legal ruling regarding Trump tariffs, and anticipation of the May inflation report. An agreement framework to alleviate trade tensions was reached, while optimism in the meetings helped lift stock sentiment. The upcoming Consumer Price Index report is closely watched, as analysts predict a slight increase in inflation following new tariff rates.
Source: YAHOO
Reported about 1 month ago
US and Chinese officials have reached a preliminary agreement aimed at reducing trade tensions, particularly concerning the flow of rare earth minerals and magnets. Following discussions in London, both sides plan to present the proposal to their leaders for approval. While the specifics of the deal are pending, US officials express optimism about resolving key issues and building trust between the two nations, which have been impacted by aggressive trade policies in recent months.
Source: YAHOO
Reported about 1 month ago
U.S. Commerce Secretary Howard Lutnick announced that a newly agreed trade framework with China is expected to resolve restrictions on rare earths and magnets. Lutnick mentioned the U.S. negotiating team would seek President Donald Trump's approval before implementing the agreement.
Source: YAHOO
Reported about 1 month ago
Qantas has announced the closure of its low-cost airline Jetstar Asia, based in Singapore, due to increasing supplier costs, high airport fees, and intense competition from other budget carriers. The decision will release A$500 million for fleet renewal investments, as the airline plans to redirect Jetstar Asia's 13 Airbus A320 aircraft to Australia and New Zealand. Jetstar Asia is projected to incur a loss of A$35 million this financial year, with operations concluding on July 31.
Source: YAHOO
Reported about 1 month ago
Tesla's anticipated robotaxi service launch in Austin, Texas, has led to a surge in its shares, with analysts from Goldman Sachs noting the company's advantages in low hardware costs and AI-driven scalability. However, they also expressed skepticism regarding CEO Elon Musk's ambitious growth targets amidst fierce competition and operational challenges.
Source: YAHOO
Reported about 1 month ago
On June 11, major earnings from Oracle, Chewy, and Victoria's Secret will dominate market attention, alongside May's Consumer Price Index (CPI) data and U.S. mortgage application statistics. Economists expect the total CPI to remain steady at 0.2%, with core CPI potentially increasing to 0.3%. Additionally, mortgage applications are projected to show a continued decline, having dropped 3.9% last week, marking the third week of decrease.
Source: YAHOO