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European tech shares tumble as China’s AI push spooks investors

European tech shares tumble as China’s AI push spooks investors

(Reuters) – European shares slid on Monday as the technology sector joined the retreat in other markets after China’s upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the

Business
Futures slip as investors eye China’s latest AI push – what’s moving markets

Futures slip as investors eye China’s latest AI push – what’s moving markets

Investing.com – US stock futures dropped on Monday as markets assessed the release of a Chinese firm’s new artificial intelligence model that may rival OpenAI’s ChatGPT, while the dollar rose in response to a tariff spat

Business
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market Committee (FOMC) meeting is unlikely

Business
How billionaire Caltagirone could influence Italy’s banking M&A wave

How billionaire Caltagirone could influence Italy’s banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way.  BATTLES IN GENERALI AND MEDIOBANCA Caltagirone last year expanded his

Business
How Italy’s MPS went from near collapse to bid for revered merchant bank

How Italy’s MPS went from near collapse to bid for revered merchant bank

By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s Treasury picked him out to

Politics
The practical and moral difficulties of deporting millions draw closer

The practical and moral difficulties of deporting millions draw closer

It’s not clear exactly how many immigrants are living in the United States without authorization, for a number of reasons. The most obvious is that some people cross the border from Mexico and evade capture.

Politics
Trump meets definition of ‘fascist,’ says John Kelly, his former chief of staff

Trump meets definition of ‘fascist,’ says John Kelly, his former chief of staff

John F. Kelly, former president Donald Trump’s longest-serving White House chief of staff, said in a new interview that his former boss met the definition of a fascist, would govern like a dictator if elected

Politics
Wrong-way driver passes Harris motorcade on Milwaukee highway

Wrong-way driver passes Harris motorcade on Milwaukee highway

A suspected drunk driver going the wrong way on a highway in Milwaukee came close to Vice President Kamala Harris’s motorcade on Monday night, officials said. A video obtained by WISN 12 News showed a

Politics
Trump supporters are more likely to expect a collapse into fascism

Trump supporters are more likely to expect a collapse into fascism

Vice President Kamala Harris on Wednesday offered brief public remarks addressing comments made this week by former White House chief of staff John Kelly, who served in that position under Donald Trump. “This is a

Politics
Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three dozen times: a little-known Kamala Harris aide named Ian Sams. The