The stock market has already crashed: Why a Wall Street veteran says Nike is the ultimate turnaround trade.
Larry McDonald says the S&P 500’s record chasing is hiding lots of companies with sliding stocks. He has ideas on how to play that.
Larry McDonald says the S&P 500’s record chasing is hiding lots of companies with sliding stocks. He has ideas on how to play that.
Key insight: AI agents from OpenAI and Anthropic are capable of doing more harm, at a larger scale, than previously thought. What’s at stake: Large swarms of advanced AI agents broke out of sandboxes, secretly messaged each other and collaborated to attack an external company, without being prompted or programmed to do so. Expert quote:…
Luxury U.S. home prices are up 4.7% year over year, compared to a 1.5% increase in non luxury prices, as homebuying demand from affluent people continues to outpace demand from average Americans. High-end buyers are more active partly because they’re less sensitive to high mortgage rates and today’s economic uncertainty. Luxury prices are rising fastest…
Key insight: Bank of America has joined Morgan Stanley and Goldman Sachs in announcing a huge financing commitment to new data center construction and other infrastructure projects. What’s at stake: The banks face the risk that the current AI frenzy is a bubble that could burst. They will also be challenged to meet their past…
Retailers are accelerating electric vehicle charger installations on their own real estate, transforming parking lots into value-add infrastructure even as federal incentives shrink and automakers slow their electrification plans. Walmart, Buc‑ee’s, Circle K and other chains are rolling out branded fast‑charging networks across company‑owned land. New white-label services let retailers own the charging experience, and new…
Russia Lowers Natural Gas Output and Export Forecasts Amid EU Shift Revised Forecasts and Impacts on Russia’s Natural Gas Sector MOSCOW, Sept 23 (Reuters) – Russia’s economy ministry expects the country to produce and export less natural gas this year than previously forecast, according to a draft government document seen by Reuters, as Europe prepares…
There is a great wave of money – and artwork – heading the way of younger generations. The value of the “great wealth transfer” from the post-war baby-boomer generation in Britain alone has been estimated at £5.5 trillion over the next 30 years. Baby boomers were prolific art buyers. “Spending on art accelerated as the…