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Over 400% of GDP: top analyst finds corporate equity double the level from the dotcom bubble — and triple 1987’s Black Monday
NewsSeptember 7, 20265 min read

Over 400% of GDP: top analyst finds corporate equity double the level from the dotcom bubble — and triple 1987’s Black Monday

America’s stock market has swollen to a size that dwarfs every valuation extreme of the past four decades, according to JPMorgan Asset Management’s chief global strategist — a warning that dropped…

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Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims
NewsSeptember 7, 20265 min read

Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims

A sales force of more than 100 agents allegedly cold-called thousands of prospective investors with sleek, scripted pitches for shares in the most exclusive private tech companies in the world,…

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Jane Street lost $15 billion in its first down month in a decade
NewsSeptember 7, 20264 min read

Jane Street lost $15 billion in its first down month in a decade

Jane Street posted roughly $15 billion of losses in July — its first monthly slump in about a decade — as AI-focused hedge fund Situational Awareness swooned and dragged down…

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Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares
NewsSeptember 7, 20262 min read

Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares

Nvidia Corp. on Friday disclosed a nearly $21 billion stake in Elon Musk’s SpaceX and a $30 billion one in Intel Corp.  Recommended Video The AI chipmaking giant had about…

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Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
NewsSeptember 7, 20262 min read

Berkshire pads Delta, Alphabet stakes as Abel taps cash pile

Berkshire Hathaway Inc. increased its holdings in Delta Air Lines Inc. and Google parent Alphabet Inc. as Greg Abel began tapping into the company’s massive cash hoard.  Recommended Video In…

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Harvard fund discloses $2.2 billion stake in Musk’s SpaceX
NewsSeptember 7, 20262 min read

Harvard fund discloses $2.2 billion stake in Musk’s SpaceX

Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company. Recommended Video Harvard reported…

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There isn’t just one AI bubble, strategist says — there’s a ‘rolling sequence of bubbles’ instead
NewsSeptember 7, 20267 min read

There isn’t just one AI bubble, strategist says — there’s a ‘rolling sequence of bubbles’ instead

The question of whether AI is a bubble is the wrong one, Dhaval Joshi argues. The right question is: which AI bubble is popping today? Recommended Video Joshi, until recently…

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Candace Bushnell on AI, creativity and why originality still wins
NewsSeptember 7, 202611 min read

Candace Bushnell on AI, creativity and why originality still wins

In an era where personal identity is often transformed into a brand and creativity into a strategy, Candace Bushnell has taken a different path. Not because she couldn’t move in…

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Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant
NewsSeptember 7, 20265 min read

Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant

A small investment made at the right moment has the power to launch ordinary people to millionaire status. All it took was $1,000 and an out-there idea for Jeffrey Sprecher,…

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Berkshire Hathaway buys more homebuilder stocks but slashes stakes in banks and dumps all its holdings in alcoholic beverage maker
NewsSeptember 7, 20263 min read

Berkshire Hathaway buys more homebuilder stocks but slashes stakes in banks and dumps all its holdings in alcoholic beverage maker

Berkshire Hathaway is increasing the size of its stake in Google’s parent company and beefing up its holdings in homebuilders, according to the conglomerate’s latest snapshot of its investment portfolio.…

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