MIT report: “95% of generative AI pilots at companies are failing”
by Paolo Confino. Supplementary coverage from Computerworld (August 19, 2025) and AInvest.com. Source: fortune (August 28, 2025) Executive Summary Overview A new report from the Massachusetts Institute of Technology Media Lab’s Connected AI group finds that 95% of corporate generative AI pilot projects are failing to generate meaningful financial returns. The study highlights a striking […]
US Retail Sales Climb in Broad Advance After Upward Revision
By: Augusta Saraiva 08/15/2025 05:38:21 [BN] Summary by Bloomberg AI US retail sales rose in July in a broad-based advance, boosted by car sales and major online promotions. The value of retail purchases increased 0.5% after an upwardly revised 0.9% gain in June, Commerce Department data showed. Nine out of 13 categories posted increases, led by […]
Foreign Holdings of Treasuries Climbed to a Record High in June
By Christopher Anstey and Ye Xie 08/15/2025 13:00:00 [BN] Summary by Bloomberg AI Foreign investor holdings of Treasuries climbed to a record high in June, totaling $9.13 trillion. Britain and Belgium saw the biggest gains in holdings, while India and Ireland posted declines. Japan, the biggest holder of Treasuries, saw a $12.6 billion rise in its holdings, to $1.15 […]
Trump Tariff Revenue Helps US Keep AA+ Rating With S&P
By Ruth Carson 08/19/2025 01:20:59 [BN] Summary by Bloomberg AI S&P Global Ratings said revenues from Donald Trump’s tariffs will help soften the blow to the US’s fiscal health from the president’s tax cuts, enabling it to maintain its current credit grade. S&P affirmed its AA+ long-term rating for the US, keeping the outlook for the long-term […]
Billions Wiped Out as Software Stocks Sink on AI Disruption Fear
[Chris Combs Comment] Our portfolio allocations consider the impact of the AI disruption on software companies. We think Salesforce and ServiceNow are unfairly impacted and will actually benefit from implemented AI technology. By Henry Ren 08/12/2025 07:48:49 [BN] Summary by Bloomberg AI Growing worries that artificial intelligence tools could disrupt the world’s biggest software businesses are sparking […]
European Earnings Lag Behind US as Trade War Throttles Market Revival
By Emily Herbert 8/6/2025 Trump’s tariffs and strong currency weigh on Eurozone corporates European companies are falling behind their US counterparts in their second-quarter earnings, as the impact of President Donald Trump’s trade war frustrates investors who had bet heavily on a revival for the region’s stock markets. With more than half of the companies […]
US hits Iranian shipping network with major new sanctions
By Gram Slattery and Ryan Patrick Jones July 31, 20253:42 AM PDT Updated July 31, 2025 WASHINGTON, July 30 (Reuters) – The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. […]
US payrolls revisions jolt markets, making Fed look behind the curve
August 1, 202510:15 AM PDT By Davide Barbuscia Summary Meaningful jobs data revisions send shockwaves through markets Revisions raise doubts on Fed’s ability to gauge economic trends Rate cut probabilities jump for the rest of 2025 NEW YORK, Aug 1 (Reuters) – News of a surprise weakening in the U.S. labor market last month jolted investors […]
Trump sets new deadline of 10 or 12 days for Russia to act on Ukraine
By Andrew Macaskill and Andrea Shalal July 28, 2025 Updated July 29, 2025 TURNBERRY, Scotland, July 28 (Reuters) – U.S. President Donald Trump set a new deadline on Monday of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face consequences, underscoring frustration with Russian President Vladimir Putin over the 3-1/2-year-old conflict. Trump […]
Big Tech’s $400 Billion AI Spending Spree Just Got Wall Street’s Blessing
Microsoft joins Nvidia in $4 trillion market-cap club; Meta gets close to joining Google and Amazon in $2 trillion club July 31, 2025 9:00 pm ET By Rolfe Winkler, Nate Rattner and Sebastian Herrera The AI arms race is accelerating as the major tech companies add to their already gargantuan levels of spending. The bets are paying […]