Gigi Luk, CIO at GGL Capital Investment Group, says she's looking at strategies that focus on the global tech supply chain as she expects investors to continue to shift from mega caps to value AI names. She speaks with David Ingles and Annabelle Droulers on Bloomberg's The China Show. (Source: Bloomberg)
Gigi Luk, CIO at GGL Capital Investment Group, says she's looking at strategies that focus on the global tech supply chain as she expects investors to continue to shift from mega caps to value AI names. She speaks with David Ingles and Annabelle Droulers on Bloomberg's The China Show. (Source: Bloomberg)
Ceri Breeze/iStock Editorial via Getty Images Wells Fargo ( WFC ) raised CEO Charlie Scharf's 2025 compensation by 28% to $40M, marking a significant milestone for the bank. Scharf's package includes a $2.5M base salary and $37.5M in bonus and incentives, up from a salary of $2.5M and a bonus of $28.7M a year earlier. The bank's board credited Scharf's leadership in resolving major compliance issu...
Ceri Breeze/iStock Editorial via Getty Images Wells Fargo ( WFC ) raised CEO Charlie Scharf's 2025 compensation by 28% to $40M, marking a significant milestone for the bank. Scharf's package includes a $2.5M base salary and $37.5M in bonus and incentives, up from a salary of $2.5M and a bonus of $28.7M a year earlier. The bank's board credited Scharf's leadership in resolving major compliance issues and driving earnings and revenue growth. Wells Fargo CEO pay aligns with peers: Goldman Sachs ( GS ) CEO David Solomon got $47M (up 21%), while JPMorgan's ( JPM ) Jamie Dimon received $43M (up 10%). More on Wells Fargo Wells Fargo: Unappealing Growth Setup Wells Fargo & Company (WFC) Q4 2025 Earnings Call Transcript Wells Fargo Is Strong, But Further Upside Looks Limited Wells Fargo hires Amazon Web Services exec Faraz Shafiq for AI push Wells Fargo CEO: ‘Growth to be stronger than people expect’
jewhyte AI startup Perplexity is said to have signed a $750 million deal with Microsoft ( MSFT ) to use its Azure cloud service, spreading its business beyond longtime cloud partner Amazon.com ( AMZN ). The three-year commitment will let Perplexity deploy AI models through Microsoft’s Foundry service, including those made by OpenAI ( OPENAI ), Anthropic, and xAI, Bloomberg News reported, citing pe...
jewhyte AI startup Perplexity is said to have signed a $750 million deal with Microsoft ( MSFT ) to use its Azure cloud service, spreading its business beyond longtime cloud partner Amazon.com ( AMZN ). The three-year commitment will let Perplexity deploy AI models through Microsoft’s Foundry service, including those made by OpenAI ( OPENAI ), Anthropic, and xAI, Bloomberg News reported, citing people familiar with the deal. "We are excited to partner with Microsoft for access to frontier models from X, OpenAI, and Anthropic,” a Perplexity spokesperson said, according to the report. Perplexity hasn’t shifted spending from Amazon Web Services, long the startup’s main cloud provider, as part of the Microsoft deal, the spokesperson added. More on Microsoft Microsoft: The Stars Have Finally Aligned (Rating Upgrade) Microsoft: The Market Has Lost Its Mind Microsoft Q2: Non‑Obvious Risks Hiding Behind The AI Boom MSFT led the decline in tech stocks, are software stocks in trouble? The AI euphoria isn’t over as the Mag 7 stocks will continue to post earnings growth
Tesla’s falling car deliveries and declining profitability on the mainland have not stopped its Chinese electric-car rivals from imitating the US firm’s transition into an artificial intelligence entity. Xpeng , Li Auto and Nio , dubbed as Tesla challengers over the past decade, have taken similar steps to diversify into emerging technologies and position themselves for the future of transport. Th...
Tesla’s falling car deliveries and declining profitability on the mainland have not stopped its Chinese electric-car rivals from imitating the US firm’s transition into an artificial intelligence entity. Xpeng , Li Auto and Nio , dubbed as Tesla challengers over the past decade, have taken similar steps to diversify into emerging technologies and position themselves for the future of transport. These Chinese firms are now building next-generation vehicles, flying cars, robots and chips to create their own ecosystems and offer consumers alternatives to existing transport options, competing against their US rival on these new fronts. Advertisement “Tesla’s influence on its Chinese EV counterparts is not fading,” said Phate Zhang, the founder of Shanghai-based data provider CnEVPost. “Tesla’s pivot from car production to AI-related technologies has already inspired some Chinese rivals to beef up their technological heft.” 01:52 China’s Guangdong Xiaopeng tries to dispel rumours that its robot is human China’s Guangdong Xiaopeng tries to dispel rumours that its robot is human Tesla said on Wednesday that it was in the process of transforming itself into a physical AI firm from a hardware-centric business after reporting lacklustre earnings and deliveries last year.
(DAVOS, Switzerland) — At the World Economic Forum in Davos last week, Finland’s Alexander Stubb was asked by Caixin during an event: since U.S. President Donald Trump reignited the Greenland debate, if a “transfer of sovereignty” over Greenland were somehow realized, would it unravel the idea of a unified West — and turn what some are calling “NATO 3.0” into something closer to the Warsaw Pact th...
(DAVOS, Switzerland) — At the World Economic Forum in Davos last week, Finland’s Alexander Stubb was asked by Caixin during an event: since U.S. President Donald Trump reignited the Greenland debate, if a “transfer of sovereignty” over Greenland were somehow realized, would it unravel the idea of a unified West — and turn what some are calling “NATO 3.0” into something closer to the Warsaw Pact than the alliance’s original design? You've accessed an article available only to subscribers Subscribe today for just $.99. VIEW OPTIONS
As reports about a possible merger between Elon Musk-led Tesla Inc. (NASDAQ:TSLA) and SpaceX surface, a post by the billionaire from last year has resurfaced, which seemingly teases possible mergers between Musk's enterprises. A ‘Convergence' In a post back in November last year, Musk responded to influencer Sawyer Merritt after the latter shared a post detailing former Morgan Stanley analyst Adam...
As reports about a possible merger between Elon Musk-led Tesla Inc. (NASDAQ:TSLA) and SpaceX surface, a post by the billionaire from last year has resurfaced, which seemingly teases possible mergers between Musk's enterprises. A ‘Convergence' In a post back in November last year, Musk responded to influencer Sawyer Merritt after the latter shared a post detailing former Morgan Stanley analyst Adam Jonas' views on possible collaborations between xAI and Tesla. "My companies are, surprisingly in some ways, trending towards convergence," Musk said in the post. At the time, Musk could be hinting at increased collaboration. However, it raises the question: Was Musk teasing a merger the whole time? SpaceX IPO The news comes as SpaceX is said to be preparing for an IPO this year, with talks of its public listing surfacing since Musk hinted at such an event at the Tesla annual shareholder meeting last November. Tesla's Q4 Earnings Meanwhile, Tesla held its fourth-quarter earnings call this week, which saw Musk announcing a push towards autonomous vehicles as Tesla discontinued the company's Model S and Model X vehicles. According to Benzinga Edge Rankings, Tesla scores well on the Momentum metric and offers a favorable price trend in the Long term. Price Action: TSLA slid 3.23% to $416.56 at market close on Thursday, but jumped 2.45% to $426.78 during the overnight session. Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is p...
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where will all of that energy come from? AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse. Even Sam Altman, the founder of OpenAI, issued a stark warning: “The future of AI depends on an energy breakthrough.” Elon Musk was even more blunt: “AI will run out of electricity by next year.” As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity. And that’s where the real opportunity lies… One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity. The “Toll Booth” Operator of the AI Energy Boom It owns critical nuclear energy infrastructure assets , positioning it at the heart of America’s next-generation power strategy. , positioning it at the heart of America’s next-generation power strategy. It’s one of the only global companies capable ...
Warren Wachsberger, CEO of Eldridge Acre Partners, a real estate investment firm, says borrowing costs are still challenging even with tight spreads. He speaks with Yvonne Man on "Insight with Haslinda Amin." (Source: Bloomberg)
Warren Wachsberger, CEO of Eldridge Acre Partners, a real estate investment firm, says borrowing costs are still challenging even with tight spreads. He speaks with Yvonne Man on "Insight with Haslinda Amin." (Source: Bloomberg)
公院去年第三季錄7宗醫療警示事件 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】醫管局發布新一期風險通報，去年第三季共有7宗醫療風險警示事件，以及11宗重要風險事件。 一名患有成骨不全症並多次骨折的患者，接受麻醉...
公院去年第三季錄7宗醫療警示事件 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】醫管局發布新一期風險通報，去年第三季共有7宗醫療風險警示事件，以及11宗重要風險事件。 一名患有成骨不全症並多次骨折的患者，接受麻醉後，進行左前臂克氏針固定翻修手術和切開復位內固定術，期間患者意外地移動，需要護士協助，術後發現一支1.5毫米鑽頭缺失1厘米長部分，翻看手術錄影片段，發現緻密骨替代物內有相關金屬碎片，患者同意接受保守治療。 另外，一名先後接受兩次腎臟移植的末期腎衰竭病人，左腎移植後懷疑患上淋巴增生性疾病，要進行超聲波腎臟活片檢查，但相關文件沒有標明哪一邊腎臟要檢查，結果醫護人員為病人右腎進行活片檢查。醫管局指已深入檢討及分析事件根源，從中汲取經驗，防止同類事件再發生。
Indonesia is moving to fast-track the demutualization of its stock exchange this year in a bid to broaden access to capital and draw new investors after a week of sharp market volatility. The reform is aimed at strengthening governance and boosting liquidity in the market, which has faced volatility in recent months, Coordinating Minister for Economic Affairs Airlangga Hartarto said at a press con...
Indonesia is moving to fast-track the demutualization of its stock exchange this year in a bid to broaden access to capital and draw new investors after a week of sharp market volatility. The reform is aimed at strengthening governance and boosting liquidity in the market, which has faced volatility in recent months, Coordinating Minister for Economic Affairs Airlangga Hartarto said at a press conference on Friday. The plan marks a significant step in aligning the Indonesia Stock Exchange with global peers that have already transitioned to shareholder-owned structures. The country saw a two-day market rout sparked by MSCI Inc.’s warning of a possible downgrade. Read more: Indonesia Stock Exchange CEO Resigns After Market Selloff Indonesia’s government is also preparing measures to bolster investor confidence, including raising the cap on insurer allocations to capital markets. President Prabowo Subianto is closely monitoring the process, underscoring its importance to Indonesia’s economic agenda. Despite the recent rout in equities, officials maintain that the country’s fundamentals remain intact, pointing to resilient domestic demand and ongoing structural reforms as buffers against external shocks.
Hi, this is Philip Glamann in Beijing, where the word of the week is a heavy one: purge . That’s because Chinese leader Xi Jinping’s long-running anti-graft campaign ensnared none other than the nation’s top general, Zhang Youxia , and the joint chief of staff, Liu Zhenli. Zhang’s downfall was stunning because until recently he was considered closely linked to Xi. He’s been described as a “sworn b...
Hi, this is Philip Glamann in Beijing, where the word of the week is a heavy one: purge . That’s because Chinese leader Xi Jinping’s long-running anti-graft campaign ensnared none other than the nation’s top general, Zhang Youxia , and the joint chief of staff, Liu Zhenli. Zhang’s downfall was stunning because until recently he was considered closely linked to Xi. He’s been described as a “sworn brother” to China’s president and his siblings, and Xi kept Zhang on past retirement age. That retained a rare war veteran, as Xi focused on getting the military ready for combat while it modernized . Well, no more. An official military newspaper suggested political loyalty and corruption were behind the downfall of both Zhang and Liu. An editorial accused the pair of having “trampled on” a system that ensures Xi’s authority over the world’s largest army by number of troops. Read more about the ouster of Zhang and Liu here . Underscoring how deep Xi’s anti-graft blade has cut, China’s top military body began this term staffed by seven men, and now has just two. That would be Xi and an official who oversaw corruption-busting. The exact details behind the latest purge will likely never be known, so we’re left with speculation over possibly purloined funds or some kind of disloyalty Xi found intolerable. In the absence of answers, Beijing becomes something of a rumor mill, hence the wild speculation this week that a coup was afoot. The Wall Street Journal reported that Zhang was accused of leaking secrets about the country’s nuclear weapons program to the US and taking bribes in exchange for promotions. When asked about that, China’s Defense Ministry warned against “subjective conjecture.” The US ambassador to China, David Perdue, said in an interview with Bloomberg Television that he took Xi “at his word that there’s a corruption effort underway.” Yet Perdue also said he thought Xi was “making sure that he has total control of his military,” and added that the US was closely w...