(Bloomberg) -- UK markets tumbled, pushing bond yields to the highest in more than a decade, as jitters over persistent inflationary pressures sparked unnerving comparisons with the 2022 gilt crisis.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbui

Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. In the bond market, which has been the bigger focus for Wall Street recently, yields were also making more modest moves after charging higher over the last month. Reports on the economy Wednesday weren’t as strong as Tuesday’s, which raised hopes that the Federal Reserve may keep cutting short-term interest rates to support the economy and give markets a boost.

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

AI drug creation company Absci Corporation (NASDAQ:ABSI) shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc (NASDAQ:AMD) to enhance its AI drug discovery capabilities. The partnership will leverage AMD Instinct accelerators and ROCm software to support Absci’s advanced de novo antibody design models. The deal also includes a $20 million private investment in public equity (PIPE) by AMD, underscoring the ris

On Tuesday, Nvidia Corp (NASDAQ:NVDA) chief Jensen Huang said Taiwanese fabless semiconductor company MediaTek could sell the desktop central processor chip the two companies revealed this week. On Monday at CES 2025, Nvidia showcased Project DIGITS, a desktop computer that leverages the chip designer’s latest Blackwell AI chip and contains a new central processor that Nvidia and MediaTek co-developed, SCMP reports. Huang told analysts that Nvidia tapped MediaTek to co-design an energy-efficient

Goldman Sachs Group, Inc (NYSE:GS) will release earnings for its fourth quarter, before the opening bell on Wednesday, Jan. 15. Analysts expect the New York-based investment bank to report quarterly earnings at $8.35 per share. That’s up from $5.48 per share in the year-ago period. Goldman Sachs expects quarterly revenue of $12.42 billion, compared to $11.32 billion a year earlier, according to Benzinga Pro. On Monday, Barclays analyst Jason Goldberg maintained Goldman Sachs with an Overweight.

Palantir shares moved lower in premarket trading Wednesday after falling sharply yesterday, as the stock continues to retreat from its record high set in late December. Monitor these key chart levels.

Just Drinks caught up with recently appointed CEO Ed Cottrell to find out more about his plans for the UK company.

Here are the hedges the $11 trillion asset manager recommends for the concerns weighing on investor minds.