Infosys’ American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street. The broader US tech rout added to the […]
The S&P 500 and the Nasdaq rose solidly after a shaky start on Monday, as technology stocks found their footing following last week’s AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve’s interest-rate path. While the Dow notched its second closing record in a row with a […]
Artificial intelligence (AI) moves hard and fast. Since the launch of OpenAI’s ChatGPT, investors have wondered just how many different jobs AI could displace and in which industries. With the release of Anthropic’s Claude Cowork tool, which can autonomously execute tasks on a computer normally done by various software applications, Claude is now acting more like […]
Family offices are the new power players on Wall Street. Representational purposes only. A growing number of wealthy Americans are launching family offices, firms that do everything from investing money for the superrich to managing their personal affairs. They are huge and secretive, and their influence on Wall Street and Main Street is only growing. […]