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News
An economist who studies financial crises sees a debt-fueled US recession coming by 2027
2+ week, 6+ day ago (518+ words) An economist who studies financial crises says the US may only have until the end of the year before..."The fact is that our extremely leveraged financial system has never faced a recession rooting out both...financial and economic 'mal-investments....
The Treasury's attempts to get bond yields down amount to 'financial repression,' Citadel Securities
2+ week, 5+ day ago (521+ words) The US Treasury's attempts to keep a lid on long-term bond yields amount to a kind of "financial repression..."More broadly, this amounts to financial repression at the margin…policymakers attempting to suppress...have been climbing for much of this…...
Prepare to meet 'love child' of dot-com crash and financial crisis, tech guru Erik Gordon says
1+ week, 5+ day ago (530+ words) marries dangerous elements of internet mania and the mid-2000s credit bubble, raising the specter of a financial..."The next crash will look like the love child of the dot-com crash and the Great Financial Crisis," the...If they're unable to repay…...
Nvidia plans to invest $18 billion more this fiscal year.
2+ week, 4+ day ago (471+ words) earnings report on Wednesday that it has $18 billion committed to equity investments for the rest of the fiscal...private companies as of late July — more than double the $22.3 billion it held at the end of the last fiscal...
Why a chorus of market pros is criticizing the Treasury's plan to tame the bond market
2+ week, 4+ day ago (442+ words) "The fiscal outlook, a Fed considering a rate hike, and hyperscaler issuance crowding out demand for...Or, as Druckenmiller puts it, the long-term Treasury yield is the only fiscal disciplinarian the US has...sales at Citadel Securities shared a similar…...
Nvidia earnings: Stock jumps as revenue expected to grow 70%, but 'extreme' memory costs pressure margins
2+ week, 4+ day ago (1707+ words) Nvidia expects its fiscal 2028 revenue to grow around 70% year over year, even as it warned supply is...expects its gross margin to be 74%, plus or minus 50 basis points, but a bottoming out to 71- 72% in fiscal...Q4 before settling at 72-73% in the…...
Wall Street already loves ChatGPT. Now OpenAI is doubling down.
3+ day, 13+ hour ago (380+ words) OpenAI announced ChatGPT for Financial Services on Thursday, its latest foray into crafting AI tools...The product will bring a new glut of financial data directly into ChatGPT and provide bankers with a...OpenAI's new product will let users work with…...
TikToker Vivian Tu brings 'Your Rich BFF' to a new AI finance app
4+ day, 20+ hour ago (548+ words) TikToker Vivian Tu, the popular financial creator who goes by "Your Rich BFF," has a new way for fans...Tu is launching out of beta a new iOS app, Ask Dolly, which provides customized markets news and financial...Cost of…...
Goldman says big investors are split on AI, but are showing historic bullishness for this stock sector
2+ week, 5+ day ago (274+ words) trade, but they've converging on one sector of the stock market in particular in recent months: financials...In fact, both groups' buying of financial stocks rank at the highest levels in Goldman's historical data..."Hedge funds increased their net tilt…...
Investors share their top investment advice with AI-apocalypse fears on the rise
3+ day, 21+ hour ago (774+ words) tail-risk scenarios such as a rogue AI model hacking into US military systems, or AI bots infiltrating financial...Mark Malek, the chief investment officer at Siebert Financial, said he mostly wrote off most people's...