Tech AI spending may approach $700 billion this year, but the blow to cash raises red flags
Tech’s megacaps announced major increases in capex spend for 2026, and now investors are preparing for cash to dwindle.
Trump holds leverage over Iran thanks to low oil prices, Energy Secretary says
Iran is an OPEC member and produces more than 3 million barrels per day.
Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis
Bitcoin nearly grazed $60,000 on Thursday as investors shied away from the asset due to growing concerns over its utility.
Time for traders to fade this group of stocks that’s been on a tear, says Carter Worth
The low-beta, long-time laggard S&P 500 Consumer Staples Sector has come to in a big way the past 3 months, now up 15% in the period.
European stocks close higher as bumper earnings week concludes
The pan-European Stoxx 600 provisionally advanced 0.9% by the end of the trading session, reversing morning losses.
Amazon leads Big Tech’s $1 trillion wipeout as AI bubble fears ignite sell-off
Microsoft, Nvidia, Oracle, Meta, Amazon and Alphabet all saw their shares fall in the week up to the market close on Thursday.
Hims & Hers shares tick lower after Novo’s legal threat
Hims & Hers stock ticked lower Friday after Novo Nordisk said its newly announced Wegovy pill copy was illegal and that it would take legal action.
Goldman Sachs taps Anthropic’s Claude to automate accounting, compliance roles
Goldman Sachs is building AI agents with Anthropic’s Claude to automate trade accounting and client onboarding, aiming to speed work and boost efficiency.
Bitcoin rebounds back above $70,000 after nearly breaking below $60,000 a day ago
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
Anduril founder says U.S. can spend billions less on defense: We ‘spend too much money on the wrong thing’
Defense companies aren’t incentivized to innovate because military strength is measured by how much the government spends, said Palmer Luckey, Anduril’s founder.
