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Investing.com7d agoneutral
Saudi Aramco halts crude oil supply to European customers

Investing.com -- Saudi Aramco has informed at least two oil refining customers in Europe that they will receive no crude oil next month following an attack on the kingdom’s main pipeline to the Red Sea, according to a report from Bloomberg News, citing people familiar with the matter.

Accenture, BlackLine Leaders on the Reinvention of Finance
The Wall Street Journal7d agoneutral
Accenture, BlackLine Leaders on the Reinvention of Finance

CFO JOURNAL NEWSLETTER Good morning. Financial services are being retooled in the age of artificial intelligence, which is reflected in corporate boardrooms. I recently met with Craig Richey of consulting firm Accenture and the software company BlackLine’s CFO Patrick Villanova, who both spoke about what they say is an evolving landscape.

How Markets Shook Off This Week's Shocks
The Wall Street Journal7d agoneutral
How Markets Shook Off This Week's Shocks

Markets opened on shaky footing on Monday. Damage to Saudi Arabia’s crucial East-West pipeline stoked worries about oil shortages and inflation, sending oil prices and bond yields higher. Just a few days later, both seem like a distant memory, as oil prices fall premarket and AI stocks jump.

Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem
The Wall Street Journal7d agoneutral
Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem

Higher interest rates threaten to prolong private equity’s record $349 billion backlog of “zombie funds,” making exits harder, squeezing fee income and potentially forcing some firms to shrink. The Federal Reserve’s decision to raise interest rates on Wednesday will deepen problems in their portfolios from a generation of buyouts that are stuck. The bigger the logjam gets, the harder it will be to raise new funds, reducing the fee income private-equity firms rely on, a cycle that can spiral.

Meta’s AI Agent Has a Trust Problem
The Wall Street Journal7d agoneutral
Meta’s AI Agent Has a Trust Problem

Last week, Meta rolled out Muse, Chief Executive Mark Zuckerberg’s “personal AI agent built for everyone.” In Meta’s telling, it also democratizes AI. Zuckerberg first described his vision for “personal superintelligence” last year and previewed Muse in an August essay where he spoke of “putting power in people’s hands to pursue their own aspirations.”

Rambus (RMBS) Stock Looks Rich Based On Current Earnings
Simply Wall St.7d agoneutral
Rambus (RMBS) Stock Looks Rich Based On Current Earnings

Rambus has seen a sharp reset in sentiment over the past year, even after a very strong multi year run. This puts fresh focus on whether the current share price lines up with what its earnings can justify. With the stock closing at US$85.87, the key issue is how that market price stacks up against the profits the business is generating today. Over the past 5 years Rambus has delivered a total return of 273.7%, which makes the question of what investors are now paying for each dollar of...