US and European stocks recover after tech-driven sell-off
Traders ‘buy the pullback’ after US economic data allows markets to move on from previous day’s declines
Economic news
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Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
Joe Marchese, Executive Chairman at Human Ventures, describes a key conundrum facing OpenAI and other AI start-ups as they disrupt the ad tech industry.
Wall Street steadies after tech-driven sell-off
Steep decline in Asian markets led by companies most exposed to demand for artificial intelligence
Citadel Securities and Fortress take stakes in Ripple at $40bn valuation
$500mn investment round underlines appetite for stablecoin payments sector
Profit rise and buyback boost shares in Europe’s largest wind turbine maker
Pre-tax profits at Vestas have more than doubled in third quarter compared with last year
Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
Companies added 42,000 jobs for the month, following a decline of 29,000 and topping the estimate for a gain of 22,000.