The swift resurgence of market confidence following a sharp decline in risky assets may not be as reassuring as it seems. In a recent interview with CNBC, Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, expressed concerns about the rapid recovery in stock markets. He compared the early August stocks slump to a
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The artificial intelligence boom has led to an increased demand for powerful processors and the energy required to keep data centers cool. Sustainable Metal Cloud, a data center company, has taken advantage of this opportunity by operating “sustainable AI factories” in Singapore and Australia. These factories consist of HyperCubes containing servers equipped with Nvidia processors
The recent performance of the Dow Jones Industrial Average has been a rollercoaster ride for investors. While the index reached a record high on Monday, it quickly pulled back, leaving many scratching their heads. This volatility can be attributed to investors trying to recover from a significant sell-off earlier in the month. The fact that
The recent quarterly reports of major Chinese companies have highlighted the need for stock pickers in the local market. According to Lorraine Tan, director of Asia equity research at Morningstar, the outperformance seen in certain companies is not a broad trend. Instead, it is specific to those companies with a more resilient product mix or
Recently, the Islamic State group claimed responsibility for a knife attack in the German city of Solingen that resulted in the tragic deaths of three individuals and the injury of eight others. The group described the attacker as a “soldier of the Islamic State” and stated that the attack was carried out in revenge for
Bank of England Governor Andrew Bailey is set to address the progress made in dampening inflation in the U.K. during a speech at the U.S. Federal Reserve’s central bank symposium. Despite a decrease in headline inflation, Bailey will emphasize the need for continued restrictive monetary policy due to shocks from the labor market. The recent
Deutsche Bank has managed to reach agreements with nearly 60% of the plaintiffs involved in a case that has been ongoing for more than a decade. The case revolves around allegations that the German lender underpaid for its acquisition of Postbank. This settlement involves more than 80 plaintiffs agreeing to a settlement of 31 euros