(Reuters) -SpaceX has agreed to invest $2 billion in Elon Musk’s AI startup xAI, marking one of its largest external investments and nearly half of xAI’s recent $5 billion equity raise, the Wall Street Journal reported on Saturday. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.AI: A Bull or Bear Market Play?Don't miss out on the next big oppo ...
Investing.com -- Artificial intelligence is disrupting the labor market, not only by changing job roles, but also by distorting how labor market data is collected and interpreted, according to UBS. The chief economist at UBS Global Wealth Management said in a note that while AI often raises concerns about job displacement, it also creates "new jobs in different sectors" as it improves efficie ...
Investing.com -- UBS expects U.S. corporate credit spreads to widen in the second half of the year, cautioning that markets are underpricing the risks from slowing labor markets, potential trade tariffs, and upcoming Federal Reserve rate cuts. The brokerage laid out 10 themes for positioning in the third quarter, arguing that the sharp tightening in spreads seen in early July likely reflects ...
Investing.com -- Markets concluded the week with a notable shift in sentiment. After reaching record highs earlier, U.S. stocks closed lower on Friday, impacted by macroeconomic concerns. Here are Investing.com’s stocks of the week. CoreWeave CoreWeave shares declined significantly, trading around the $125.90 level as we approach Friday’s close, down over 21% in the last week. The decline ...