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Microsoft’s $381 Billion Rout Exposes Dark Side of the AI Binge
(Bloomberg) - Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.
BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal
Global equities are flashing an overbought warning, with moving averages already at levels that historically mark a sell signal for risk assets.
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Ackman’s Pershing Square Proposes Merger With Howard Hughes
Pershing Square Capital Management LP has proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings Inc.
Biden's Consumer Watchdog Is Taking A Big Last-Minute Risk
While some federal agencies paused rulemaking after the election, the Consumer Financial Protection Bureau has been on a blitz.
US Bank Regulator Gives BlackRock February Deadline On Bank Stakes
The FDIC gave a deadline of Feb. 10 to BlackRock to resolve issues regarding oversight into their investments in FDIC-regulated banking organizations.
Global Bond Tantrum A Wrenching And Worrisome Start To New Year
For those unsettled by the rise in government bond yields in the US and across much of the world lately, the message from markets: Get used to it.