Junk-Bond Market Gets AI Jolt from SoftBank

Global investment company SoftBank Group is seeking a record amount from junk bond investors. It will expand the footprint of artificial intelligence in the speculative-grade world.

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Inflation remains more than a percentage point above the central bank’s 2% target.

Apple will close above a $5 trillion market cap for the first time if the stock closes at $342.602, according to Dow Jones Market Data.

Technical indicators speak to 45% upside for the stock by mid-2027.

Tuesday’s selloff echoes the garden-variety selloffs earlier this year, driven by anxiety over AI displacing traditional industries.

Maze Therapeutics stock jumped after Vertex Pharmaceuticals reported positive results for inaxaplin, boosting confidence in a rival treatment from Maze.

The program will process more than $25 billion in transactions annually, SoFi said.

PayPal’s announcement comes a day after Shopify said it was going to use the AI agent.