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Treasuries Edge Up as Haven as Fitch Downgrade Spurs Volatility

(Bloomberg) -- US Treasuries drifted higher after Fitch Ratings stripped the US of its top-tier sovereign rating, spurring modest demand for haven assets which counter-intuitively include debt issued by the world’s biggest economy. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New ...
Amy Xie Patrick Bloomberg Businessweek Mark Cranfield Michaelg Wilson Jay Barry Marvin Loh
Source: yahoo.com

Investors Are Happy to Pay Premium for Tech, But Not for AI

(Bloomberg) -- Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysArab States Sour ...
Ed Yardeni Bloomberg Businessweek Ted Mortonson Goldman Sachs Group Inc Microsoft Corp Nvidia Corp
Source: yahoo.com

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Elon Musk Should Focus on Tesla as EV Rivals Pounce, Investors Say

(Bloomberg) -- Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthRival automakers pouncing on b...
Elon Musk Bloomberg Businessweek Matthew Tuttle Craig Irwin Nicholas Colas Tesla Inc
Source: yahoo.com

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