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PIMCO, one of the world's biggest money managers, is dumping most Mag7 stocks, citing sky-high valuations and AI spending that burdens debt and clouds earnings outlooks.
PIMCO, one of the world's biggest money managers, is dumping most Mag7 stocks, citing sky-high valuations and AI spending that burdens debt and clouds earnings outlooks.
-
PIMCO, one of the world's biggest money managers, is dumping most Mag7 stocks, citing sky-high valuations and AI spending that burdens debt and clouds earnings outlooks.
PIMCO, one of the world's biggest money managers, is dumping most Mag7 stocks, citing sky-high valuations and AI spending that burdens debt and clouds earnings outlooks.
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Mag7
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Bain Survey: Chinese Consumers Prioritize Technology in Car Purchases, While Europeans and Americans Still Value Price; Western Automakers Face Dual Pressure
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NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
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Media reports: Amazon Web Services (AWS) has billions of dollars worth of NVIDIA chips backlogged in its warehouses due to power shortages, leading to negative free cash flow.
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Hansoh Pharmaceutical inks up to $15B drug deal with Roche, China's innovative drug out-licensing hits $130B
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King Charles III of the UK praised Oman's peaceful efforts in reopening the Strait of Hormuz.
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Middle East Tensions Escalate: US Deploys 10,000 More Troops, Israel Prepares for New Strikes Against Iran, Iran Issues War Warning
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Indonesian cybersecurity firms are urging the government to increase support for AI talent development and the AI industry to counter the rising tide of AI-driven cyberattacks and online scams.
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NVIDIA Launches Clinical Surgery AI Simulator Cosmos3-H-Dreams
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Ripple has launched institutional-grade 24/7 multi-asset swap contract trading through its Ripple Prime platform, supporting RLUSD stablecoin collateral. However, HSBC warns that market liquidity remains weak.
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U.S. Secretary of State Marco Rubio visits India's Reliance refinery, discusses refining Venezuelan crude to diversify energy supplies and advance potential $300B U.S. refinery deal
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