Invesco is working with Anthropic to let financial advisers use its model portfolios and practice tools inside Claude for Financial Advisors. CAIS, Conquest and FINNY added their own connectors the same day, a day after Anthropic filed for its IPO. Inv…
ASM International raised its 2027 revenue forecast to more than €5.7B, from above €4.6B, as memory and AI chipmakers expand. That reaches its 2030 target three years early. Third-quarter revenue rose 44% to a record €1.16B, and ASM plans a buyback of u…
Sandisk, Micron, Seagate and Western Digital were among the top stocks of early 2026 but have dropped to the S&P 500’s bottom 10% since July, Bloomberg reported. Western Digital fell even after beating forecasts. Investors doubt how long debt-funde…
BNY has built tools to track how it spends AI tokens and to route tasks to the most suitable models, CFO Dermot McDonogh told Bloomberg Television. The bank runs about 400 AI agents and spends $4B a year on technology. Banks are under pressure as AI bi…
Shares in CoreWeave, Nebius and Iren fell in early trading on Monday after Elon Musk wrote that most neoclouds will not survive. All three rebounded later in the day, as Arjun Kharpal reported for CNBC. Neoclouds rent out AI computing power, mostly Nvi…
Only five of 60 analysts tracked by Bloomberg rate Tesla a sell, the lowest share since early 2015. Barclays upgraded the stock to overweight on Monday, calling a SpaceX merger “a key part of the Tesla bull case“, after BNP Paribas and CLSA dropped the…
Hedge funds sold tech stocks at their fastest pace in two years during last Thursday’s rout, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. The Nasdaq 100 fell 2.9% that day. He expects the bull market to continue, but with less pun…
Anthropic made its prospectus public on Monday. It filed a registration statement on Form S-1 with the US Securities and Exchange Commission. The company plans to list its Class A shares under the ticker ANT. The filing leaves the price range and the n…
Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, th…
American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of…