GS economist sees AI displacing 15M US workers over a decade, but there’s a catch
A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be…
Tesla launches Robotaxi operations in Miami amid growing competition
Tesla Inc. (TSLA) expanded its robotaxi service to Miami on Friday, extending its autonomous ride-hailing operations.The move comes as Chief Executive Officer Elon Musk increasingly emphasizes artificial intelligence, robotics, and…
European markets close higher as STOXX 600 hits record, FTSE posts weekly gains
Europe’s major stock markets ended higher on Friday, with the pan-European STOXX 600 and Germany’s DAX reaching fresh record highs as investors welcomed easing expectations for near-term US interest rate…
Evening digest: European stocks hit records, Bitcoin tops $62K
Europe’s major stock markets ended higher on Friday, with the STOXX 600 and Germany’s DAX hitting record highs as investors rotated into cyclical sectors.Bitcoin climbed above $62,000 as large holders…
Wall Street’s big test: 5 factors investors can’t ignore next week
Wall Street will enter the July 6-10 week with less room for error after a choppy start to the second half.The S&P 500 is still sitting near record territory, but…
US stocks see biggest exit since March: is Wall Street’s rally at risk?
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally.Investors pulled $17.2 billion from US stock funds in the week…
USD/JPY prediction: traders brace for a Japanese yen intervention
The Japanese yen jumped sharply on Thursday as traders braced for a potential intervention by the Bank of Japan (BoJ). The USD/JPY pair retreated to a low of 160.62 from…
Hang Seng Index slumped in H1 as Nikkei 225, Kospi soared: here’s why
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the…
Why Cathie Wood is doubling down on this $18 stock
Cathie Wood’s ARK Innovation ETF has bought back into SoFi Technologies (NASDAQ: SOFI) just as the beaten-down fintech stock is trying to recover from a difficult first half of the year.ARKK…
Michael Burry shorts Micron stock, warns AI chip rally has gone too far
Investor Michael Burry, best known for his successful bet against the US housing market portrayed in The Big Short, has reportedly opened a short position in Micron Technology (MU), arguing…