Wall Street saw a sharp rise in indexes. This happened after the US and China agreed to temporarily reduce tariffs. The S&P 500 reached its highest level since early March. Investors are hopeful that this will ease the global trade war. The Dow, S&P 500, and Nasdaq all experienced significant gains. Safe-haven gold saw a fall.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while