I have watched plenty of Wall Street veterans hedge their commentary on big corporate breakups. We have had too many qualifiers, too much “time will tell.” This time, I like that Roger Altman did not do that. The Evercore founder, senior chairman, and American investment banker who has advised on some of the largest deals
Apple (AAPL) is on a long-term mission. On a global scale, the buzzword is AI, and Apple is trying to convince investors that artificial intelligence will make its devices more useful, more personal, and more valuable. All of that will contribute to market gains as well. Now AI is impacting Apple in a different way.
While luxury hotels have been built inside everything from a Boeing 727 plane to four meters below the surface of the Indian Ocean, a former prison site hardly feels like the place to kick back and enjoy the good life. But when it comes to the former Hoshinoya Nara Prison in the Japanese prefecture of
The aviation industry has spent years making the case that sustainable fuel is the path to decarbonization. In early March, a global energy shock made that case in a way no industry conference ever could, and simultaneously exposed how fragile the supply chain behind that fuel actually is. SAF prices in California hit an all-time
Contrarian investors make their reputations by being right when everyone else is wrong. The harder trick is knowing when their own bearishness has run its course. The best of them can flip without flinching. Few investors carry a heavier bearish reputation than Michael Burry. The Scion Asset Management founder is the man who shorted the
While mortgage rates have remained at a consistent level since the middle of May, attention in the housing market continues to focus on the affordability crisis that began in 2022, as post-pandemic inflation became the primary focus of federal monetary policy. For homebuyers and sellers, that means business continues to be sluggish as the average
On June 12, Commerce Secretary Howard Lutnick sent Anthropic a letter giving the company 90 minutes to disable two of its most powerful AI models for every customer it had, anywhere in the world. Anthropic confirmed it complied. Two weeks of negotiations in Washington followed. On June 26, Lutnick sent Anthropic another letter. Anthropic confirmed
Palantir Technologies (PLTR) is no longer simply another AI stock chasing the latest Wall Street craze. It’s emerging as one of the clearest tests of how much investors will pay for military AI. That’s significant for more than just hedge funds and defense analysts. A carefully watched stock among individual investors, Palantir is a government
The annual stress test modeled a sharp economic shock, including steep declines in commercial real estate and home prices, with unemployment surging to 10%, the Fed detailed in its results. All 32 of the nation’s largest banks survived the hypothetical downturn, absorbing more than $708 billion in projected losses while maintaining minimum capital levels. Within
The biggest money in markets is rarely made where the crowd is looking. By the time a trade has a nickname, a dedicated cable segment and a line of exchange-traded funds chasing it, the easy gains have usually already been handed out. The real edge tends to sit in the unglamorous corners that bore most