Google CEO Sundar Pichai has cautioned that while the current surge in AI investment represents an “extraordinary moment,” there are also some elements of “irrationality” in the AI boom…
The AI Bubble Is About to Burst and Nuke a Lotta People…
Everyone’s betting the farm on artificial intelligence. But that farm might be in big trouble…
Adding Insult to Margin Calls, Nvidia Receives DOJ Subpoena Making Record Price Drop Even Worse…
In what may be described as an attempt to sabotage her own election odds, moments after the close Bloomberg reported that Kamala Harris’ Justice Department – because let’s be honest, Joe Biden is officially a vegetable – sent subpoenas to Nvidia and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors, in the process sending the stock prices sliding even more…
Stocks Tumble in Tech Led Weakness on Return from Labor Day…
Stocks were slammed on return from the Labor Day weekend with the Nasdaq underperforming amid a slump in the tech sector which saw losses of c. 4.5%….
Global Markets Rebound After Historic Bloodbath, Japan Soars…
After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
Larry Kudlow: Recession Risk Grows Larger and Stocks Are Getting Clobbered…
It’s a shakier economy than the media admits, Kudlow says…
And Suddenly Things Change…
“The global economy is becoming unburdened by what has been.” — Jordan Schachtel on “X”…
Stocks Surge, Goldgasms to Record High After “Adjusted” PPI Sparks Buying Frenzy…
…while anyone with half a brain could quickly see through the PPI bezzle, that clearly did not apply to the algos, such as this one…
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