Back in May, “Shark Tank” star Kevin O’Leary made a series of media appearances accusing some vocal opponents of his data center plans in Box Elder County, Utah, of being foreign-backed agents. Now, Mr. Wonderful is being sued for defamation. In a lawsuit filed Wednesday in a Utah federal district court, Alliance for a Better…
Not sure where to invest? The Bond King has a few tips. Jeffrey Gundlach, the famed fixed-income investor and the CEO of DoubleLine Capital, said he had a few portfolio recommendations for investors trying to navigate the precarious macroeconomic environment. Speaking to Fox Business this week, Gundlach recommended that investors split their portfolios into four…
The debate still rages over whether AI is in a bubble, but most agree that the top stocks sure do look expensive. While some see the bubble bursting outright, others are eyeing a situation where the momentum slowly seeps out. The red-hot AI trade has been the driving force behind the market’s strong growth in…
Investors hit the brakes on the AI trade this week. The market doesn’t seem as confident about AI as it once was, evidenced by the sell-off that tore through the sector on Tuesday. Top leaders in the AI sector — including Nvidia, Meta, and Palantir — all tumbled, thanks largely to concerns that tech stocks…
Another year, another double-digit gain for the S&P 500. But while AI seems to be an unstoppable force propping up the three-year bull rally, Bank of America says unique risks are emerging. Much of the market’s gain since the October 2022 low has been driven by endless enthusiasm for AI, and companies have supported investors’…
It’s a little after 9:30 a.m. on a recent weekday, and hair-netted workers at the Alhambra Unified School District’s central production kitchen are boxing up the last of 350 handmade sushi rolls for the city’s three high schools. The spicy tuna rolls, redolent of cooked fish blended with sriracha and mayonnaise, are a popular lunch…