(Reuters) - Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers, said its strategy for the segment was grounded in a very...

12:57 PM EST, 01/30/2025 (MT Newswires) -- Price: 9.46, Change: -0.50, Percent Change: -5.02 ...

12:57 PM EST, 01/30/2025 (MT Newswires) -- Caterpillar ( CAT ) expects softer 2025 revenue than last year's level amid ongoing weakness in the construction and resource industries after reporting top- and bottom-line declines in the fourth quarter. Chief Executive Jim Umpleby said on a conference call that Caterpillar ( CAT ) expects sales to be slightly lower this year,...

ZURICH (Reuters) - Imposing higher capital requirements on UBS as a systemically relevant bank will usher in higher costs for companies and households, the Swiss lender's CEO, Sergio Ermotti, said on Thursday. Ermotti was speaking at an event in Zurich where he urged authorities currently preparing to overhaul Swiss banking rules to stick closely to the current capital requirements. The...