Mindblown: a blog about philosophy.

By STAN CHOE, AP Business Writer NEW YORK (AP) — The sell-off for winners of the artificial-intelligence boom deepened Friday and yanked stock markets lower worldwide. Oil prices, meanwhile, continued to jump because of the war with Iran. The S&P 500 fell 1% to finish its first losing week in the last three and only its third since the end…

Wall Street analysts lowered price targets, with concerns centered around slowing growth, engagement trends, content spending returns, and future growth drivers. Analysts remain divided on Netflix’s long-term outlook, with some calling the stock undervalued while others say stronger engagement and content performance will be needed to support further upside. Retail traders remained bullish despite the…

US stocks declined on Friday, with the major indexes posting weekly losses led by declines in the semiconductor sector. The Dow Jones Industrial Average (^DJI) fell by about 0.7%, while the S&P 500 (^GSPC) declined by 1%. The Nasdaq Composite (^IXIC) shed 1.4% following a downbeat day on Wall Street and the release of the…

Cathie Wood’s ARK Genomic Revolution ETF (ARKG 0.55%) focuses on companies in the genomics sector, especially in healthcare. Since the beginning of July, Wood has, through this Ark Invest exchange-traded fund (ETF), bought $15.3 million worth of Ionis Pharmaceuticals (IONS 0.48%), a biotech company based in Carlsbad, California. The stock is down nearly 37% from…

Quick Read Apple’s $4.9 trillion market cap now edges past Nvidia’s $4.8 trillion as investors rotate toward lower-capital AI beneficiaries. Apple spent just $12.7 billion on capex in fiscal 2025 while generating $98.8 billion in free cash flow, avoiding the AI infrastructure spending trap. Nvidia trades roughly 15% below its all-time high as investors question…

Now is a good point in the year to not lose focus on the long-term prize. Quick insight: With Wall Street trading desks light, summer vacations in full swing, and fears of Fed rate hikes swirling, stocks have come under pressure — especially the tech-heavy Nasdaq Composite (^IXIC).  But a well-timed note from the Goldman…

U.S. retail sales increased in June as lower energy prices and a sharp rise in online shopping supported consumer spending. The retail industry has been steadily recovering despite high inflation and geopolitical uncertainty. Even with these headwinds, consumer demand has remained resilient, providing a major boost to the sector. Given the current environment, retail and…

For decades, low-cost index funds have been the cornerstone of retirement investing. Their broad diversification, low fees and simple structure have helped investors follow a long-term buy-and-hold strategy. However, the world’s largest asset manager, BlackRock, believes that relying solely on index funds may no longer be sufficient in today’s evolving market environment, per a Moneywise…

Warren Buffett gave away about $6 billion of Berkshire Hathaway (BRKA 0.15%)(BRKB 0.39%) stock this week: 9 million Class B shares to the Susan Thompson Buffett Foundation and 1 million each to three foundations run by his children. The bigger number is what remains — a stake worth about $138 billion that the 95-year-old chairman…