Category: Uncategorized
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Cathie Wood calls AI extinction warnings ridiculous at a Sydney briefing
Cathie Wood praised the AI industry for talking openly about its own risks and dismissed the specific risk it has been talking about, in the same set of remarks to reporters in Sydney. The ARK Invest founder said she was “happy that the leaders of the industry are advertising the risks associated with this new…
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Cathie Wood Makes Striking Switch Between AI Stock Giants
This article first appeared on GuruFocus. Cathie Wood’s Ark Invest made a sharp rotation across technology and biotechnology stocks last week, buying roughly $28 million of Meta Platforms (NASDAQ:META) while selling a nearly identical dollar amount of Alphabet (NASDAQ:GOOGL). The moves suggest Ark is becoming more selective inside artificial intelligence even as it increases exposure…
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AI Stocks Worth Watching After Monday’s Safety-Driven Selloff
TLDR Chip stocks like Intel, Micron, and AMD fell around 5% after AI leaders called for slower development Anthropic CEO Dario Amodei published a blog post urging a slowdown in AI development over safety concerns OpenAI’s Sam Altman said the company’s IPO will not happen this year due to safety risks Software stocks rallied, with…
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COLUMNIST: The case against cutting Social Security benefits
Let us read it for you. Listen now. Your browser does not support the audio element. Are Social Security benefits too generous? Some fiscal hawks and classic conservatives say the answer is yes, and see the upcoming depletion of the trust fund as an opportunity to rein them in. Social Security was meant to be…
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Federal Reserve faces no easy choices with stubborn inflation and economic strains
WASHINGTON (TNND) — The Federal Reserve appears poised to make its first rate hike since 2023 after hotter-than-expected inflation and fears that higher oil and diesel prices could become entrenched in the economy with few indications the war in Iran will close anytime soon. The report shifted the discussion around interest rates from when officials…
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Wall Street falls as AI stocks slide
Artificial-intelligence stocks slid worldwide on Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly sent the yield of the 10-year Treasury to 5% for the bond market’s latest pressure-raising milestone. Despite all the downers for Wall Street, gains for many stocks…
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Nvidia Triggers Key Signals As AI Warnings Mount; Is Nvidia A Sell Now?
Nvidia (NVDA) stock tumbled on Monday as fears of massive capital spending on artificial intelligence technologies escalated amid industry leaders’ calls to slow AI advancements. The news came ahead of the Federal Reserve’s rate-setting meeting this week. The stock finished August with a 10% gain, its largest monthly rise since April. Management noted supply constraints…
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10-year Treasury yield hits highest level since 2007, oil surges above $105 as Fed expected to hike interest rates
10-year Treasury yield soars, oil surges above $105 as Fed expected to hike interest rates Image gallery
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If You'd Invested $5,000 in the S&P 500 at the Great Recession Bottom, Here's What You'd Have Today
At the lowest point of the financial crisis in the late 2000s, it felt like the U.S. economy might literally fall apart. The economy was in the midst of a deep recession. The housing market was collapsing. The unemployment rate briefly topped 10%. To say the least, it sure didn’t feel like the best time…
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TPAY Yields 10% With Full S&P 500 Exposure. Here’s Exactly What You Give Up to Get It
TPAY promises a 10% annual distribution while keeping you fully invested in the S&P 500, and it skips the covered-call playbook entirely to do it. But that unconventional approach comes with a hidden cost most investors overlook before buying in. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive…