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AI Trade Shows New Cracks, Healey Defends UK Budget’s Scale

Bloomberg MarketsUnited Kingdom

A global rally in technology shares stalled after disappointing earnings from two industry heavyweights revived doubts over whether billions of dollars in artificial intelligence spending will deliver sufficient returns. Chancellor of the Exchequer John Healey defended his first budget against criticism that it lacked ambition, while warning the UK would face “hard decisions” about its spending priorities in the years ahead. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day

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