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☆ UK economic strength remains a problem for Bank of England, strategist says
  + stars: | 2023-06-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK economic strength remains a problem for Bank of England, strategist saysNiall O'Sullivan, chief investment of multi-asset strategies EMEA at Neuberger Berman, discusses the upcoming Bank of England rate decision and the housing market, among other things.
Persons: Niall O'Sullivan, Neuberger Berman Organizations: Bank of England, Neuberger, of
☆ Investing in AI: how to avoid the hype
  + stars: | 2023-05-26 | by ( Naomi Rovnick | ) www.reuters.com   time to read: +5 min
SummarySummary Companies AI boom brings fresh challenge for investorsAI-themed stocks highly valuedStick with big tech not AI stocks - investorsLONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work. GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.
☆ Britain pursues 'trickle-down economics' despite scorn from Biden. And the stakes are sky-high
  + stars: | 2022-09-23 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Biden, in a tweet Tuesday, said he was "sick and tired of trickle-down economics," adding "it has never worked." Liz Truss U.K. prime ministerCritics, including Britain's opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.
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