“You’ve got to get this done.” Hardly the words of encouragement UK pension fund managers wanted from the governor of the Bank of England. Speaking in Washington late on Tuesday, Andrew Bailey insisted they wind up excess leverage in gilts before the BOE ends its support for the country’s government bond market. That means the pension funds have just three ...

  The US corporate earnings season could prove to be half decent, but don’t expect the market to celebrate. The prospect of a looming recession is becoming too real for investors to get hung up on last quarter’s success. Consider the economic backdrop. Macroeconomic data suggest that key parts of the US economy have held up until now, which makes ...

  AI’s creative abilities are outstripping its driving skills. While self-driving car technology is going nowhere, there’s been a remarkable explosion in research around generative models, or artificial intelligence systems that can create images from simple text. In just the past week, AI researchers from Meta Platforms Inc. and Alphabet Inc.’s Google have taken an extraordinary leap forward, developing systems ...