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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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Here are Some Goods in the Crosshairs of Trump's Tariffs on Mexico, Canada and China
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday.
Case Closed: Allen Stanford, Architect of Massive Ponzi Scheme, Owes $5.9 Billion
A Texas judge concludes there is “no just reason for delay” in wrapping up the case, which dates back to 2009.
LPL Financial Exceeds Wall Street Expectations
LPL Financial exceeded Wall Street expectations in its fourth-quarter earnings report, posting earnings per share of $4.25 on revenue of $3.5 billion.
Traders Bet Fed's Next Rate Cut Will Wait Until June
Traders on Friday kept bets that the Federal Reserve will wait until June to resume interest rate cuts.