JPMorgan’s top strategist says buy more gold, stay underweight stocks because of high rates, geopolitics
Marko Kolanovic said he holds a cautious outlook and is maintaining a defensive tilt in his portfolio.
Homebuilder sentiment drops to 10-month low, as mortgage rates soar
Builder sentiment for single-family homes dropped to the lowest level since January, as mortgage rates soar.
Apple launches cheaper $79 Apple Pencil with hidden USB-C charging port
Apple is launching a new Apple Pencil with a USB-C charging port, the company announced Tuesday.
Retail sales rose 0.7% in September, much stronger than estimate
The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
U.S. curbs export of more AI chips, including Nvidia H800, to China
The U.S. government says the new rules are intended to close loopholes that popped up after last year’s restrictions on AI chip exports went into effect.
Meet Microsoft games chief Phil Spencer, who helped drive $69 billion Activision deal
Phil Spencer, who joined Microsoft as an intern in 1988 and rose up to lead the games business, was instrumental in the Activision Blizzard purchase
Former FTX engineer tells jury about panicky rooftop meeting where he learned how bad things were
Nishad Singh, FTX’s former engineering head, testified about a private meeting he had with Sam Bankman-Fried regarding the company’s dire financial situation.
Snap rises nearly 12% after CEO shares strong 2024 goals with employees
CEO Evan Spiegel told employees in a memo that Snap could log more than 475 million daily active users and more than 20% in full ads revenue growth in 2024.
Jim Jordan’s House Speaker bid gains momentum as Biden warns of ‘dangerous’ leadership vacuum in Congress
The House is unable to move forward with Biden’s request for security assistance for Israel and Ukraine until the chamber elects a new speaker.
Hollywood’s AI issues are far from settled after writers’ labor deal with studios
The labor deal with Hollywood studios was a big win for writers, but the question remains about its ability to protect writers from AI.
