Michael Burry took a swipe at some of the dot-com boom’s biggest winners, prompting a cheeky response from Mark Cuban. The investor of “The Big Short” fame argued on X that stock prices became detached from fundamentals between the 1998 collapse of Long-Term Capital Management and the dot-com crash in March 2000. “Complete idiots made
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. ONE BIG THING At Google’s DeepMind, absence did not make the heart grow fonder There’s an extraordinary quote in Bea Nolan’s account for Fortune of how Demis
How far we get in our careers, we tend to believe, depends on us: our intelligence, our temperament, our hustle. But where we work and the support we get there matter immensely too. Does your company promote from within, or does it hire senior people from elsewhere? Does it spend real money on training and
“Is there an AI bubble?” is such a tired thought. Here’s something altogether more wired: The AI boom is paying off, but not in a way that the current equities market has accounted for. The success of the technology in one area of the economy could make the bubble real in another, more precisely. In
The dollar could eventually lose its status as the world’s reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said. “If we’re not the strongest military in 25 years and the strongest economy, we won’t be the reserve currency either,” Dimon said on PBS’ “Firing Line
When DeepSeek unveiled an AI model last year that rivaled America’s best at a fraction of the cost, or when a Chinese hypersonic missile test caught U.S. intelligence off guard to the point where a top U.S. general called it “very close” to a “Sputnik moment”, the reaction each time was the same: that a
