Thomas Edison had George Westinghouse. Apollo had Sputnik. Today’s artificial intelligence race between the United States and China may be the latest example of rivalry acting as a catalyst for innovation.
Real estate fundamentals strengthened in the second quarter as resilient demand and lower levels of new supply outweighed headwinds from economic uncertainty, slower demographic growth and resource constraints.
The last few months have not been straightforward for fixed income markets. As oil prices surged amid the Middle East conflict and inflation expectations rose, markets repriced the potential path of monetary policy.