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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
Finance
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
By Chloe TaylorAugust 16, 2023
David B. Burritt
Finance
Industrial 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
Finance
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
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’
Finance
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’
By Will DanielAugust 10, 2023
Adam Neumann
Finance
From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a ‘going concern’ warning
By Will DanielAugust 9, 2023
Sony headquarters
Finance
Sony 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
Finance
Reeling 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.
Finance
Wall 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
Finance
Over $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
Finance
S&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.
Finance
The 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
Finance
Hedge 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
Finance
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
By Will DanielAugust 5, 2023
Andy Jassy
Retail
Amazon 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’
Finance
Here’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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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is forplaceholder alt text
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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehowplaceholder alt text
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