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The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
FinanceThe world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
By Chloe TaylorAugust 16, 2023
David B. Burritt
FinanceIndustrial sector jolted as U.S. Steel rejects ‘unreasonable’ $7.25 billion bid from archrival Cleveland-Cliffs
By Joe Deaux and BloombergAugust 13, 2023
It’s only ‘halftime of this new tech bull market’—expect the sector to soar as much as 15% by year-end, top analyst Dan Ives says
FinanceIt’s only ‘halftime of this new tech bull market’—expect the sector to soar as much as 15% by year-end, top analyst Dan Ives says
By Will DanielAugust 11, 2023
Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’
FinanceMorgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’
By Will DanielAugust 10, 2023
Adam Neumann
FinanceFrom $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a ‘going concern’ warning
By Will DanielAugust 9, 2023
Sony headquarters
FinanceSony profit slips as it admits to delaying movie, TV series release dates because of Hollywood strikes
By Yuri Kageyama and The Associated PressAugust 9, 2023
Matteo Salvini
FinanceReeling Italian markets wipe out $10 billion from bank stocks after shocking windfall tax pushed through by right-wing government
By Sonia Sirletti, Alessandra Migliaccio, Chiara Remondini and BloombergAugust 8, 2023
Mike Wilson speaks during a Bloomberg Television interview in New York, U.S., on Tuesday, Aug. 22, 2017.
FinanceWall Street’s top strategist warns ‘excessive’ government spending could be fueling a ‘boom-bust’ scenario in the stock market
By Chloe TaylorAugust 8, 2023
Over $200 billion of Apple’s market cap has vaporized since Thursday. Here’s what’s going on
FinanceOver $200 billion of Apple’s market cap has vaporized since Thursday. Here’s what’s going on
By Will DanielAugust 7, 2023
S&P 500 companies are beating analysts’ earnings estimates—but  investors should ‘avoid chasing this recent market rally,’ wealth managers argue
FinanceS&P 500 companies are beating analysts’ earnings estimates—but investors should ‘avoid chasing this recent market rally,’ wealth managers argue
By Will DanielAugust 7, 2023
Amin Nasser, President and CEO of Saudi Aramco, speaks during a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019.
FinanceThe world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19.5 billion in dividends
By Chloe TaylorAugust 7, 2023
Dan Loeb
FinanceHedge fund billionaire Dan Loeb laments the victory of meme stocks: ‘Fundamental analysis is increasingly taking a back seat to monitoring daily option expiries and Reddit message boards’
By Bailey Lipschultz and BloombergAugust 6, 2023
The hedge fund titan who’s been watching for ‘black swans’ for decades says the ‘greatest credit bubble in human history’ is set to pop—but he’s not worried
FinanceThe hedge fund titan who’s been watching for ‘black swans’ for decades says the ‘greatest credit bubble in human history’ is set to pop—but he’s not worried
By Will DanielAugust 5, 2023
Andy Jassy
RetailAmazon surges as Andy Jassy’s big cuts come with big revenue beat
By Spencer Soper and BloombergAugust 4, 2023
Here’s why top economists are calling Fitch’s decision to downgrade America’s credit rating ‘bizarre and inept’
FinanceHere’s why top economists are calling Fitch’s decision to downgrade America’s credit rating ‘bizarre and inept’
By Will DanielAugust 2, 2023
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