U.S. President Joe Biden and Chinese President Xi Jinping agreed to resume high-level military communication when they met in person Wednesday for the first time in a year in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation conference.Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe...
Category: Finance
New fund bets big on Eisenhower-era stocks
Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known as dividend monarchs.That's a top strategy for Roundhill Investments, which launched its S&P Dividend Monarchs ETF this month."It's named that for a reason. It focuses on the dividend monarchs. These...
UBS shares rise 3% as market focuses on strong underlying profit
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS...
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
Bletchley Park was a codebreaking facility during World War II.GettyThe U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country's ambition to lead in the technology as it races to catch up to the U.S. and China.The University of...