Trump is driving capital out of capitalism
Capitalism is a simple bargain: you provide cash and in exchange you receive a share of ownership. Owning property comes with rights, the right to vote on who will represent…
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Category: News
Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained
Wall Street’s yearslong bet on AI is facing a severe test on Thursday, as investors might begin to view OpenAI—and generative AI in general—not as a catalyst for continuous growth,…
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AI has made hacking cheap. That changes everything for business
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition…How AI is making cyberattacks cheap for hackers…U.S. lawmaker says Nvidia helped DeepSeek hone AI models later used…
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Silver hits new record of $120—sparking doubt and frustration in Bitcoin land
Metals are hot, and Bitcoin’s not, much to the chagrin of the crypto sector. Silver peaked above a record-high $120 per ounce in the early hours of trading on Thursday,…
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Why the New York Stock Exchange’s big blockchain plans might be pie in the sky
The New York Stock Exchange is 234 years old, and its grand stone edifice stands as one of the world’s most enduring symbols of capitalism. So it came as big…
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Remove Tesla’s non-repeatable profits, and the stock has never been more expensive—now boasting a ‘core’ PE of 632
Somehow, Elon Musk managed to garner pretty good notices from both Tesla’s performance in Q4, unveiled after the market close on January 28, and the vision he detailed in the…
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Apple’s blowout Q1 results are a reminder of what makes the company so impressive—and why it’s floundering in AI
Apple delivered the goods in its holiday quarter, ringing up billions more than expected in global iPhone sales and in its China business, while beefing up its already impressive profit…
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$14 trillion asset manager BlackRock aims to lock down execs to compete in the ‘alts’ gold rush shaking up the fund industry
BlackRock, the world’s largest asset manager, is taking a page from the private equity industry’s playbook, announcing this month that it will offer a slice of the profits from the…
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Indonesia exchange CEO steps down as MSCI reform pressure mounts
The resignation of the Indonesia Stock Exchange’s chief executive marked the first tangible consequence of MSCI Inc.’s reform demands, as policymakers rushed to roll out measures aimed at averting a…
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Kayla Itsines became a millionaire at 22 and sold her fitness app for $400 million—buying a gas station paid her rent
A millennial entrepreneur has reeled in millions from her success as a fitness influencer, but now she’s making bank and paid her rent through another unlikely source: a gas station. …
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