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Chip stocks suffer worst stretch in 16 months as AI fatigue grips the market
Anticipation is building for Anthropic’s investor day, as Wall Street grows less patient with heavy AI spending.
My sister moved in with our mother, 78, and now says she deserves the $925,000 family home. Is she right?
“The house is worth $925,000 and mom owns it outright. She also has $480,000 in investments.”
- The Daily Economy Read
The Dire National Crisis That Washington Won’t Touch
Adolescents and young adults across the country are collapsing under the weight of isolation and pressure to succeed. There’s no easy fix—but it’s past time for Washington to do something.
AST SpaceMobile’s stock is feeling the heat from SpaceX’s wireless plans
AST’s commercial rollout could face delays due to satellite-launch challenges and SpaceX’s growing ambitions, an analyst warns.
Who should pay for my birthday dinner — me, or my guests?
“I feel like I just end up paying for other people’s birthday dinners a lot, as well as my own, which is an imbalance.”
Why one hedge-fund billionaire believes stocks are heading for a ‘really challenging’ 2027
U.S. stocks could face a serious test in 2027 as a tsunami of new equity issuance threatens to upend the artificial-intelligence-driven bull market, according to hedge-fund billionaire Paul Tudor Jones.
This one move will save $20,000 on our wedding
Plus: Where we’re cutting back to free up space in our wedding budget for the things we really want on our big day
- The Daily Economy Read
The federal government just posted the largest deficit since COVID
Tax revenue increased by about 3 percent last year, but spending increased twice as fast. And interest payments on the debt cost more than $1.1 trillion.
Micron’s stock extends declines as China competition heats up
Even Elon Musk says Chinese memory chip makers are catching up.
Fund managers retain surprising optimism in the face of stagnant stock market and tumultuous bond market
Many asset allocators are waiting for bond yields to hit 6% before they flip the switch from equities to fixed income, but a significant portion are already making the transition.
- The Daily Economy Read
Deirdre McCloskey Wants Old Liberalism Back: ‘Equality of Permission’
In Equality of Permission, McCloskey returns to familiar ground: free markets, individual dignity, and the dangers of statism. What makes it distinctive is the force and flair of her argument.
Six Flags’ stock slumps near 17-year low after fatal incident
A fatal accident on a Six Flags Entertainment roller coaster sent shares of the amusement-park operator near the lowest level of the year.
U.S. wealth has shifted to stocks from homes. There are big reasons to worry
The four-year bull market in stocks is riding high because of the AI boom. But it’s also increasing the cost of money.
A SpaceX launch shortage is fueling a $100 billion investing spree
A commercial launch bottleneck has spurred an unprecedented wave of investment in space infrastructure and applications
Options traders expect wild stock-market swings beginning later this month. Here are 4 things to watch
After an eventful summer, U.S. stocks appear to have hit a pocket of calm. Over the past few sessions, trading volume has dwindled, while major indexes have mostly drifted sideways.
- The Daily Economy Read
Australia’s Tobacco Taxes Have Sparked a Criminal Turf War
Australia tried to end smoking with punitive taxes. Instead, it created a lucrative trade for smugglers and a wave of violent attacks on retailers.
UnitedHealth keeps medical costs under control — and raises its outlook again
The health-insurance giant said its medical-cost ratio was 88.4% in the third quarter of this year, as the company tries to rein in spending on medical care.
What to expect from Europe’s most valuable company before it kicks off tech earnings
ASML will report its third-quarter financial earnings before the opening bell in Amsterdam, Netherlands on Wednesday.
‘Breaking Bad’ star Aaron Paul sells L.A. home for $7.5 million; he now lives in Paris
“Breaking Bad” star Aaron Paul has finally found a buyer for his historic Los Angeles home, selling the storied property for $7.495 million more than a year after putting it on the market.
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