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BNP Paribas and Google Cloud (GOOG.O) have signed a five-year artificial intelligence agreement.

2026-09-25

BNP Paribas and Google Cloud (GOOG.O) have signed a five-year artificial intelligence agreement.

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2026-09-24

Before the outbreak of the conflict with Iran in February this year, the valuation of major US defense stocks relative to the S&P 500 reached a premium of about 15%, which Bernstein believes already included the anticipated $1.5 trillion defense budg

Before the outbreak of the conflict with Iran in February this year, the valuation of major US defense stocks relative to the S&P 500 reached a premium of about 15%, which Bernstein believes already included the anticipated $1.5 trillion defense budget. Since then, the sector has continued to decline and is currently trading at a discount of about 12%. Historically, sustained outperformance of defense stocks typically requires one of two conditions: a significant increase in defense investment budgets, or a free cash flow yield that is at least 3 percentage points higher than the S&P 500. Currently, the S&P 500's free cash flow yield is about 2.5%. Among the major defense companies covered in the report, only L3 Harris meets the requirement of a yield difference of more than 3 percentage points. Therefore, Bernstein still believes that whether the budget growth can be realized is a crucial condition for the valuation recovery of the entire sector.
2026-09-24

Russia's central bank's gold and foreign exchange reserves totaled $748.2 billion for the week ending September 18, compared with $758.2 billion in the previous week.

Russia's central bank's gold and foreign exchange reserves totaled $748.2 billion for the week ending September 18, compared with $758.2 billion in the previous week.
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