Chief investor urges people to quit chasing AI, says it’s not a matter of if but when it 'breaks’ — how to prepare

Chief investor urges people to quit chasing AI, says it’s not a matter of if but when it ‘breaks’ — how to prepare

If you’re invested in AI, you might want to pay attention. Bill Smead, founder of Smead Capital Management, says the market frenzy around AI has all the signs of a bubble, driven by the momentum of stocks like Nvidia. “We’re in the crazy stage,” Smead told Business Insider, comparing today’s market to the eve of…

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Subprime Auto Lender Collapse Is a Warning, Says Dimon

Subprime Auto Lender Collapse Is a Warning, Says Dimon

The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan’s CEO Jamie Dimon voiced caution over the high-profile crack-ups, saying his “antenna” is up. “When you see one cockroach, there’s probably more,” Dimon said on the bank’s third-quarter earnings call…

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Here's a List of the Starbucks Locations That Are Closing

Here’s a List of the Starbucks Locations That Are Closing

When Starbucks announced on Thursday that it would shutter more than 100 coffeehouse locations across North America, the company didn’t publicly specify which stores would close. So, Business Insider has begun creating a list compiled from accounts from affected in-store staff members, reporter visits, and verification through the Starbucks “store locator” feature. While incomplete, it…

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