OpenAI just secured $6.6 billion in its latest funding round. The company asked investors not to back its rivals like Elon Musk’s xAI, per Reuters. Musk, who is in an ongoing feud with OpenAI, called the company “evil.” Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
China’s aggressive stimulus measures have sparked a significant stock market rally. Many analysts say the measure is not enough to fix the challenges in China’s economy. However, the measures aim to boost sentiment and stem the negative feedback loop between markets and the economy. Thanks for signing up! Access your favorite topics in a personalized…
Predictions carry doubt no matter who is making them — even if it’s Elon Musk or John Paulson, one expert says. David Tuckett, an uncertainty researcher, told BI that dismissing doubt eventually “leads over a cliff.” He said the success of elite investors like Warren Buffett may be largely down to luck, not skill. Thanks…
Ned Davis Research says investors should watch for signs of a potential peak in the S&P 500. The secular bull market, which began in 2009, is in a mature stage according to NDR’s Tim Hayes. “With the secular bull mature, we’re watching out for signs that it may be at risk,” he said. Thanks for…
China pulled out an aggressive stimulus package on Tuesday. At a rare press briefing about China’s economy, People’s Bank of China governor Pan Gongsheng unveiled a swathe of measures, including slashing interest rates and reducing the amount of cash banks need to hold in their reserves. The measures were significant because Beijing has been holding…
After months of investor speculation, the Federal Reserve finally kicked off an easing cycle with its announcement of a 50-basis-point rate cut on Wednesday. Equity markets rejoiced at the news, with tech stocks leading a 1.7% rally in the S&P 500 on Thursday. While a rate cut is good news for stocks, it’s not ideal…
Stocks look poised for gains amid a fresh Fed easing cycle, BofA’s Michael Hartnett says. But that means investors once again exposed to risks of a tech bubble inflating anew. Hartnett says investors should allocate to bonds and gold to hedge bubble risk. Thanks for signing up! Access your favorite topics in a personalized feed…