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Living in the Now, with John Doe
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How the CEO of this upstart Nvidia rival hopes to seize on the lucrative market for AI chips
Cerebras Systems’ eventual IPO could pave the way for more AI chip companies to go public. It will also test investors’ appetite for the AI sector amid concerns that the industry may be overvalued.
New-home construction falls in September
Construction on new U.S. homes fell 0.5% in September, the Commerce Department said Friday.
Oil prices head for biggest weekly drop since early September as demand concerns persist
After rising for the first time in five days a day earlier, crude futures resumed their descent on Friday, with prices of the U.S.-traded benchmark briefly breaking below $70 a barrel overnight.
These ultra-rich college endowment funds have a lot to learn about investing
Endowment managers’ attraction to hedge funds, real estate and other alternative investments ends poorly.
Amex sees 6% growth in spending, and its stock heads higher
The company says new member benefits are resonating with younger generations.
Why investors should be worried about the market’s ‘invincibility syndrome’
Too much optimism means there aren’t many left to buy stocks, says hedge fund manager.
Donald Trump will win U.S. elections, Daniel Loeb’s Third Point says
Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spending
Treasury yields steady a day after yield curve steepening
Bond yields were steady on Friday, a day after surprisingly strong U.S. economic data was reported that sent the 30-year note to the highest yield since July.
Apple’s iPhone 16 is selling 20% faster in China than its predecessor
Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new features
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