The Dow Jones Industrial Average plunged more than 300 points, or 0.7%, Tuesday as fears over an AI bubble shook the market and traders fretted that rate cuts from the Federal Reserve aren’t a sure thing. The S&P 500 had dipped 0.3% while the tech-heavy Nasdaq had fallen 0.6% as of about 1:15 p.m. ET…
If you read any of WIRED’s recent AI edition, you know that lots of people are spending lots of time talking about how the technology is revolutionizing pretty much everything—from coding to writing to accounting. You’ve also probably heard by now, from us or somebody else, that we might very well be in an economic…
The freefall in crypto token prices is sparking some concern about a spiral of selling pressure hitting other markets. The worrying scenario is that investors, facing steep losses on their Bitcoin holdings, may sell other assets to shore up cash, adding momentum to the broad markets downdraft. That could potentially heap pressure on stock prices…
BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence -related shares pulled U.S. stocks lower. U.S. futures dropped, with the contract for the S&P 500 down 0.6% while the future for the Dow Jones Industrial Average was down 0.4%. Computer chip…
If you felt a personal connection with a celebrity this year, you likely weren’t alone. That feeling led Cambridge Dictionary to select “parasocial” as its 2025 word of the year. Parasocial is defied as “involving or relating to a connection that someone feels between themselves and a famous person they do not know, a character…
This article first appeared on GuruFocus. Bezos is stepping back into the operator’s chair, and the timing could be intentional. Project Prometheus, his new artificial intelligence venture, is rolling out with a $6.2 billion war chest, partly financed by the Amazon (NASDAQ:AMZN) founder himself, placing it among the most heavily backed early-stage AI companies anywhere….
Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% drop in shares over the past month. What Happened: Oracle’s ambitious entry into the AI sector, fueled by substantial borrowing, has caused unease on Wall Street. The tech behemoth has pledged to invest hundreds of…
Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the…
Markets were on edge this week as a steady stream of negative headlines around the artificial intelligence trade stoked fears of a bubble. Famed short-seller Michael Burry cast doubt on the sustainability of AI earnings. Concerns around the levels of debt funding AI infrastructure buildouts grew louder. And once high-flyers like CoreWeave tanked on disappointing guidance. CNBC’s Deirdre Bosa asked those at…
“The assertions and innuendos in the article are completely false,” an Alibaba representative said. “We question the motivation behind the anonymous leak, which the FT admits that they cannot verify.” The Alibaba representative called the article a “malicious PR operation” that appears to “undermine President Trump’s recent trade deal with China”. Hangzhou-based Alibaba owns the…