Jamie Dimon might be right about the cockroaches. The JPMorgan boss recently warned markets that trouble could be brewing in the credit market. His reasoning? There’s always more than one cockroach if you see one, he said. Dimon was commenting on the recent high-profile failures of auto parts company First Brands and subprime auto lender…
I look like I’m about 28. Or maybe 38. That’s according to Harvard’s “FaceAge” algorithm, which uses photos to determine a person’s supposed biological age — meant as a quick proxy for wellness. This app is one of several new efforts to turn selfies into diagnostic tools. There’s one for diagnosing nasal congestion, another for…
Stock valuations are getting frothy again, but this time, it’s not all Big Tech’s fault. Yes, valuations of the Magnificent Seven stocks — Apple, Amazon, Microsoft, Meta, Alphabet, Nvidia, and Tesla — are back up after since bottoming in April. Yet, the group’s 12-month forward price-to-earnings ratio is still down from mid-2024, mid-2023, and 2020…
President Donald Trump appears to still be on edge from the conflict that’s unfolded between Israel and Iran. But US stocks have proven eager to test record highs. Investors welcomed Trump’s announcement on Monday evening that Israel and Iran had agreed to a ceasefire, and then stayed upbeat throughout Tuesday, even as the president fired…