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The Meta CEO said that the company was prepared such a risky bet on AI, that the CFO was concerned and pulled Alexandr Wang aside.
Chinese retail traders turned cautious on Monday while global money kept moving. Yijinmoming scraped 836 real posts from five Chinese investor forums and scored them into a sentiment index: 56.1 out of 100, down 4.5 points from last week. Fear has not arrived - greed has simply left the building.
Pimco billionaire Bill Gross told BI why he's a big fan of pipeline stocks, and walked through a terrible wager he made in 1969.
JPMorgan Chase & Co.’s Sitara Sundar urged investors to diversify their bets on artificial intelligence because the industry is caught in the “healthy” volatility of two cycles occurring at once.
Bitcoin enjoyed a brief respite along with other risk assets such as stocks amid the expectation that another rate hike is unlikely next month.
A protégé of Michael Burry has warned that South Korea’s cheap stocks come with a catch: much of their value is often kept out of reach of minority shareholders.
Chinese technology hardware shares are on track for their poorest quarterly performance, following a brutal July selloff triggered by concerns over AI firms’ ability to justify stretched valuations and high spending.
A friend who’s close to retirement texted that she was concerned about the bond market. She’d been building out that fixed-income allocation over the past several years at the urging of her adviser.Her message made me wonder if some people might have misguided ideas about bonds.
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