Finance
Want more stock market and economic analysis from Phil Rosen directly in your inbox? Subscribe to Opening Bell Daily’s newsletter. Chatters of an AI bubble have exploded over the last several weeks but asset prices have mostly outrun those fears, with the S&P 500 notching multiple record highs in October. That momentum slowed Tuesday, though,…
Global stock markets have fallen sharply amid concerns that a boom in valuations of artificial intelligence (AI) companies could be rapidly cooling. Markets in the US, Asia and Europe have fallen after bank bosses warned a serious stock market correction could be ahead, after a run of record stock market highs led some companies to…
Michael Burry, the contrarian investor who called the 2008 financial crisis, is back with his unique blend of dire warnings, cryptic messages, winking memes, and pop-culture references. The Scion Asset Management chief has returned to X after a two-year hiatus to sound the alarm on the AI boom. Where advocates see a revolutionary technology that…
TOKYO (Reuters) -Japan’s top currency diplomat, Atsushi Mimura, said on Wednesday that he is concerned about the surging valuation of the stock market powered by the AI boom. There are concerns “whether or not the current stock market situation might be a bit too rapid and going too far,” Mimura said, speaking at a Bloomberg…
By Ankur Banerjee SINGAPORE (Reuters) -Sharp falls in technology stock prices are cause for caution but not panic yet, say brokers and investors who have been riding a runaway market to record highs and some stretched valuations. Selling extended into a second day on Wednesday to leave bourses in Seoul and Tokyo around 5% beneath…
Sellers came into the stock market Tuesday, rattled mostly by a big drop for Palantir Technologies (PLTR) despite another strong earnings report. The selling was concentrated in the Nasdaq composite, which fell 2% in lower volume. Breadth has been weakening in the index for several days, and it was weak again Tuesday, with losers trouncing…
Shares of major technology companies have fallen over fears about the valuations of firms linked to the artificial intelligence (AI) industry. Investors have grown increasing wary about what they are calling an “AI bubble” this year that has seen tech stock valuations hit record highs. Major indexes in Asia were the hardest hit on Wednesday,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters…
By Seattle Times state politics reporter Voters on Tuesday were favoring a ballot measure to allow the state to invest money from Washington’s long-term care program in the stock market. Senate Joint Resolution 8201, to allow the investment, was passing with 56.8% in Tuesday night’s vote count. Voters were asked to amend the state constitution…
A look at the day ahead in European and global markets by Gregor Stuart Hunter A fuse lit on Wall Street turned explosive a day later in Asia, sparking the biggest losses for stocks in Japan and South Korea since April’s “Liberation Day” tariff announcement. Sign up here. The Nikkei 225 (.N225), opens new tab…