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Investment management

In quest to generate alpha, fund managers see GenAI as ‘holy grail’: Citigroup

by Anas Siddiqui
In quest to generate alpha, fund managers see GenAI as ‘holy grail’: Citigroup

Investment managers view generative artificial intelligence (GenAI) as the “holy grail” to create value, but the availability of data and cultural change are some of the main challenges, according to …

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Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

by Anas Siddiqui
Cutting interest rates was easy. But the Bank of Canada still has a credibility problem

Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s …

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Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit

by Walter Watson
Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit

U.S. President Joe Biden holds a trilateral meeting with Japanese Prime Minister Fumio Kishida (R) and Filipino President Ferdinand Marcos (L) at the White House on April 11, 2024 in …

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China says EU subsidy probes interfere with China, Europe cooperation

by Walter Watson
China says EU subsidy probes interfere with China, Europe cooperation

Subsidy investigations started by the European Union interfere with the mutually beneficial cooperation between China and Europe, and China resolutely opposes them, a Chinese commerce ministry official said. Wong Yu …

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The future of EVs in the collectible cars market, from Tesla to BMW

by Horatio Thompson
The future of EVs in the collectible cars market, from Tesla to BMW

Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up …

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U.S. Treasury team heads to China to talk subsidies, economic policies

by Walter Watson
U.S. Treasury team heads to China to talk subsidies, economic policies

The Biden administration has sent five senior U.S. Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity, a …

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Panasonic puts productivity boost ahead of new EV plant in U.S.

by Walter Watson
Panasonic puts productivity boost ahead of new EV plant in U.S.

The Panasonic Energy Co. headquarters in Moriguchi, Osaka Prefecture, Japan, on Thursday, Jan. 11, 2024. Panasonic plans to roll out the newest iteration of its electric vehicle battery cells with …

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Asia’s young and rich are fueling art demand — what are they collecting?

by Walter Watson
Asia’s young and rich are fueling art demand — what are they collecting?

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in …

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Female founders say it’s an amazing time for women to be in business

by Walter Watson
Female founders say it’s an amazing time for women to be in business

In 2022, only 2.1% of venture capital investments in the U.S. went to businesses that are founded solely by women. But some say the gap may be closing. Maskot | …

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SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar

by Walter Watson
SoftBank gets .6 billion T-Mobile stake windfall, shares soar

Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023. Kiyoshi Ota | Bloomberg | Getty Images Shares in SoftBank Group jumped 5% on Wednesday …

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