BLOOMBERG Federal Reserve Chair Jerome Powell’s pivot towards interest-rate cuts is spreading holiday cheer in the White House, where the improved prospects for an economic soft landing are a boon for President Joe Biden’s bid for another term. Biden has seen his poll numbers sag amid voter anxiety over a surge in the cost of living, and he would face …

BLOOMBERG Alphabet Inc just got a reminder of how important the perception of having a winning AI strategy is for investors. The Google owner added $87 billion in market value in a single day after showing off the capabilities of its Gemini large language model, which it claims can rival OpenAI’s ChatGPT. To sustain those gains, Alphabet needs to show …

BLOOMBERG The rally in Apple Inc, the world’s most valuable publicly traded company, is showing no signs of easing. After closing at a record high, the iPhonemaker’s market value is approaching that of Europe’s largest stock market: France. The combined market value of companies listed in Paris was about $3.2 trillion as of last week’s close, versus the technology giant’s …