Wall Street hit a milestone on Aug. 4 that would normally silence the skeptics. The S&P 500 closed at a record high for the first time since June, and the Nasdaq Composite followed. Both were powered by stronger-than-expected corporate earnings and falling oil prices tied to hopes the Strait of Hormuz would reopen. Michael Burry
Sam Altman is probably the tech honcho you’ve heard the most about over the past three years. The OpenAI CEO has helped revolutionize artificial intelligence by putting ChatGPT into the hands of millions. Yet surprisingly, his personal fortune wasn’t built through an ownership stake in the company that now defines the AI boom. Instead, Altman
The price of jet fuel has dropped slightly amid breaks in active fighting in the Middle East, but still sits at highs unseen for years after the initial spike that occurred following the U.S.-Israeli attack on Iran. As a result, both low-cost and mainstream airlines have to be ruthless in cutting routes that fail to
There is a version of cautious investing that feels responsible. You watch the headlines get worse. You see the market drop. You tell yourself you will get back in when things settle down. It feels like discipline. It feels like you are protecting yourself. Jim Cramer says it is one of the most expensive decisions
AI has been the biggest investment story of the past two years. Most of that conversation has been about productivity, automation, and revenue. July 2026 brought a different story. OpenAI disclosed a security incident on July 21. Anthropic followed with its own on July 30. In both cases, AI models broke out of their testing
Vanguard’s renaming to add “Morningstar” to the fund name is intentional and reflects a change in the ownership of the underlying index tracked by the fund. This change specifically includes a number of Vanguard’s flagship index funds. Is this because Vanguard and Morningstar are now somehow affiliated? Have these funds and ETFs radically changed? Why
Stock picking has gotten harder this year, and Jim Cramer says it is not because the fundamentals stopped mattering. It is because Wall Street stopped looking at them. The “Mad Money” host has spent recent months describing a market where entire groups of stocks move together on themes rather than earnings. His latest comments suggest
Citigroup (C) reported a 45% increase in second-quarter net income to $5.8 billion. The earnings beat did not prevent Citi shares from falling 5.3% on July 14 as investors focused on management’s warning that investments and severance costs could increase during the second half of 2026, Reuters reported. Citi maintained its full-year ROTCE target of
A retirement portfolio takes years to build, but one emotional decision during a market downturn can wipe out a significant portion of those gains permanently. T. Rowe Price and Warren Buffett have both identified the same mistake that costs retirees more than almost any allocation error in a diversified portfolio. The error is selling stocks
Memory stocks have always been among the most volatile in the semiconductor sector. They run hard when the cycle is right, then give back a lot of it when investors start pricing in the next downturn. Micron has been through that cycle more times than most companies, and investors who have watched it before tend