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AI & MLBloomberg Markets1d ago

S&P 500 Poised for Another Record as AI Spending Narrative Holds

Futures climbed on Wednesday as the latest batch of earnings pointed to strong demand for, and spending on, artificial intelligence. SpaceX reported higher-than-expected AI-related outlays, which overshadowed results that broadly beat forecasts, while Nvidia Corp. rallied after Elon Musk touted...

FinanceBloomberg Markets1d ago

Glencore Profit Jumps on Trading Boom and Record Copper

Glencore Plc reported a steep jump in profits after a surge in the price of its most important commodities and its trading unit had one of its best ever periods as the Iran war sent energy prices soaring.