Whether or not markets are getting ahead of themselves over artificial intelligence is a hot topic for investors right now. Last week, billionaire investor Ray Dalio said his personal “bubble indicator” was relatively high, while Federal Reserve Chair Jerome Powell described the AI boom as “different” from the dotcom bubble. For Magnus Grimeland, founder of…
The stock market is largely being propped up by a promise of AI that has yet to deliver—setting up what could be a disastrous bubble. But the AI land rush isn’t merely a risky gamble. Wall Street is staking the health of the markets—and that of the broader economy with it—on a bet against the…
Some indicators of mixed breadth emerged in the stock market Monday, with small caps lagging while the Nasdaq composite and the S&P 500 finished higher. The Dow industrials underperformed, with Merck (MRK) and Nike (NKE) among the losing issues. But gains for tech giants Amazon (AMZN) and Nvidia (NVDA) helped keep the blue-chip index from…
When Elon Musk launched Grokipedia, his AI-generated encyclopedia intended to rival Wikipedia, it was not just another experiment in artificial intelligence. It was a case study in everything that can go wrong when technological power, ideological bias, and unaccountable automation converge in the same hands. From collaboration to colonization Wikipedia remains one of humanity’s most…
Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance. But as risk assets surged afresh, the Federal Reserve sent a quieter, more complicated signal. Source link
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week special contributor Larry Summers of Harvard took us through the results of the summit between President Trump and President Xi, and Nobel…
San Francisco’s ongoing rent wars have entered a new phase. As artificial intelligence startups continue pouring into the city, competition for apartments has exploded, pushing rents higher than almost anywhere else in the country. Roy Lee, founder and CEO of AI startup Cluely, made headlines after leasing eight luxury apartments for his employees near the…
China will host the Asia-Pacific Economic Cooperation (Apec) meeting in its southern city of Shenzhen in November next year. The announcement was made on Saturday by Chinese President Xi Jinping as world leaders wrapped up this year’s Apec meeting, held in the South Korean city of Gyeongju. Xi, who was speaking at a handover ceremony,…
Nov 1, 2025 Investors are closely studying a draft of Beijing’s economic and social development plan for the next five years, according to the South China Morning Post. Over the past week, they have been examining the blueprint that emerged from a four-day Communist Party plenum concluding on October 23. During the plenum, party chief…
The stock market rally had a trick-or-treat October. Now Palantir (PLTR), Robinhood (HOOD), Advanced Micro Devices (AMD), AppLovin (APP) and Astera Labs (ALAB) headline another big week of earnings. Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Berkshire Hathaway (BRKB) will report earnings on Saturday, with BRKB stock…