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A veteran Jefferies strategist is urging investors to consider a rotation into quality, low-stress stocks as concerns mount over AI monetization. Desh Peramunetilleke, Jefferies’ head of quantitative strategy, says markets are grappling with whether technology companies are building excess capacity in artificial intelligence infrastructure. A Jefferies report titled “AI fatigue and rotation” notes that “the…

SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…

Meta Platforms (META) is winning back investor confidence after a series of significant artificial intelligence developments this week rattled then reassured Wall Street. Shares of Meta climbed 4.7% on Thursday after the company unveiled Muse Spark 1.1, an agentic coding model the company says is comparable to leading benchmarks from OpenAI and Anthropic. The launch…

Global financial markets are facing risks that could dwarf previous crashes, with AI investment alone running roughly 17 times higher than the 2000 dot-com boom. The dot-com collapse and the 2008 subprime housing crisis caused estimated losses of $5 to $6 trillion and $15 to $20 trillion respectively, setting a grim benchmark for what another…

“Some of the best ideas can come from anywhere in the organization.” That single insight captures what has become a defining story of AI adoption in the modern American workplace in 2026. A junior employee at a company was able to identify and implement an AI-driven solution that ultimately saved the business six figures, a…

The Federal Reserve has announced the leaders of five outside task forces formed by Chairman Kevin Warsh to drive sweeping reforms at the central bank. The panels bring together an unusually diverse group of figures from finance, academia, and the corporate world, reflecting Warsh’s deliberate push to open the institution to outside voices. Among the…