A “baby bubble” is forming in the U.S. stock market, fueled by “monopolistic tech” and investor enthusiasm around artificial intelligence, according to BofA Global Research.  The AI bubble is “front running” interest-rate cuts by the Federal Reserve, investment strategists at BofA warned in a research note dated Jan. 25. Many…

Ford Motor Co.’s stock rose 3% Wednesday after an upbeat earnings report that also spurred buying of its outstanding bonds and helped spreads tighten over U.S. Treasurys. The car company’s F, -1.17% fourth-quarter revenue topped consensus estimates, it announced a next-generation, smaller EV to rival Tesla Inc.’s TSLA, +2.12% upcoming “Model…

German inflation in January will rise at its slowest pace in more than two and a half years, according to data released Wednesday, bolstering hopes that the European Central Bank may be able to reduce interest rates from record levels in coming months. The Federal Statistics Office of Germany said…

© Reuters. BRISBANE – NOVONIX Limited (NASDAQ: NVX), a company specializing in battery materials and technology, announced the upcoming addition of Sharan Burrow to its Board of Directors, slated for February 28, 2024. Sharan Burrow, acclaimed for her global advocacy in human rights and climate action, brings a wealth of…

LONDON (Reuters) – As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like diesel and jet fuel in the next two months as shipowners chase higher profitability, oil analytics firm Kpler said in a LinkedIn post. An “LR2” (long-range 2)…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose to a two-week high on Wednesday as investors continued to take profits on short dollar positioning amassed toward the end of last year, even as they questioned market expectations of roughly six interest rate cuts in 2024. For December, the…

By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rose less than expected in December, but 2023 lending hit a new record as the central bank kept policy accommodative to support an unexpectedly shaky economic recovery. Chinese banks extended 1.17 trillion yuan ($163.31 billion) in new…

Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence last year after it ran an…

Former President Donald Trump wrote a social media post earlier in the week asking his supporters to give Anheuser-Busch a “second chance” after UFC president Dana White personally asked him to back the beer company, a source told CNBC.Anheuser-Busch last year suffered a major backlash over its Bud Light marketing…

Trains canceled. Flights grounded. Highways blocked by angry farmers. The world’s fourth-largest economy has got off to a bumpy start this year. A strike by Lufthansa ground crew on Wednesday was just the latest industrial action to cause travel chaos in recent weeks, after train drivers walked off the job…