The threat to software-backed businesses from artificial intelligence should prompt investors to shift focus from technology to companies that toil in the physical world, like miners, power producers and industrial firms, according to Ulrike Hoffmann-Burchardi, global head of equities and chief investment officer for the Americas at UBS Wealth Management. Image: Aedrian Salazar / Unsplash…
Introduction A seismic shock is rippling through the cloud services industry as Rackspace Technology, a long-trusted provider, informs customers of an unprecedented price increase for its hosted email services. Reports from resellers and direct clients detail hikes exceeding 700%, a move described as financially devastating for small and medium-sized businesses. This abrupt shift has ignited…
California Faces More Flooding in Latest Wave of Heavy Rains The relentless atmospheric rivers have returned, drenching California with another punishing round of heavy rain. This latest system threatens to bring flash floods, mudslides, and widespread disruption during a critical holiday travel period. Officials are issuing urgent warnings about the dangers for road travel, as…
