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Swiss Lotto to dish out over $70m jackpot

GENEVA, Mar 03 (AFP): A record jackpot of 64.59 million Swiss francs ($73 .09 million) was won Saturday in Switzerland by a lucky single ticket-holder, Swiss Lotto said in a statement.The winning ticket was held by a person in the German- or Italian-speaking part of Switzerland, it said, without elaborating.The...

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US value stocks draw bargain hunters while AI fever rages

NEW YORK, (Reuters): As fervor for artificial intelligence sweeps Wall Street, some investors are seeking bargains in more conventional areas of the stock market.Value stocks, typically defined as companies trading at a discount on metrics such as book value or price-to-earnings, have largely been left behind as AI put a...

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Wall Street hunts for more AI gold after Nvidia's soaring rally

NEW YORK, March (Reuters): Money managers are scrambling to cash in on the stock market's interest in artificial intelligence, as a stunning rally by Nvidia, opens new tab sparks a search for other companies that are capitalizing on the technology.Shares of Nvidia - whose chips are the gold standard in...

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Invesco joins list of US asset managers to exit CA100+ climate group

LONDON, (Reuters): Invesco, opens new tab on Friday became the fifth major US investor to exit or scale back their involvement with the Climate Action 100+ coalition of investors, which aims to push highly polluting companies to cut their carbon emissions.The move follows a decision by the fund arms of...

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Investors snap up 'Magnificent 7' tech stocks and crypto: BofA

LONDON, (Reuters): Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.Inflows into tech stocks, which include the so-called "Magnificent 7" largest companies by market...

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