Goldman Sachs Doubles Down on Its Bullish Gold Outlook For those exhausted by the nonstop AI market debate, gold’s dramatic fall this week has offered a welcome change of topic. After its steepest one-day drop in more than ten years on Tuesday, the focus has turned to whether the metal...
David Einhorn’s Greenlight Fund: “We Can’t Make Sense of the AI Math” Just how massive can AI spending get? Meta Platforms’ latest move — a record-breaking $27 billion private-credit deal to fund a new Louisiana data center — might have pushed even Wall Street’s limits. But it’s not just everyday...
Disney’s Subscriber Cancellations Spike After Jimmy Kimmel Suspension Disney’s latest controversy shows once again that politics and business rarely mix well. Both Disney+ and Hulu experienced a sharp rise in cancellations in September after the company decided to temporarily pull Jimmy Kimmel off the air. The move came following backlash...
Wall Street’s Big Banks Reap the Rewards of a Dealmaking Revival Bank of America (BAC) and Morgan Stanley (MS) delivered impressive third-quarter earnings as Wall Street dealmaking resurgence powered profits sharply higher. Bank of America’s profit jumped 23% to $8.47 billion, while Morgan Stanley’s soared 45% to $4.6 billion—each exceeding...
Tom Lee Says Fund Managers’ Year-End Chase Could Drive the S&P 500 to 7,000 Is Wall Street facing a “Cockroach Crash”? JPMorgan CEO Jamie Dimon recently warned that when “you see one cockroach, there are probably more,” hinting that recent bankruptcies in the auto lending space may expose deeper risks...
Bill Smead Bets on Forgotten Sectors as AI Mania Runs Hot As Wall Street rides an AI-fueled rally, veteran investor Bill Smead is staying grounded — and looking far beyond Silicon Valley. Smead, founder and chief investment officer of Smead Capital Management, believes that when the AI boom fades, it’ll...
