Forget a double-header. The market is about to get a quadruple-header that could reset the trajectory of stocks and bonds. By Thursday night, investors will have heard from the Fed and three of the biggest spenders in the AI trade: Alphabet, Microsoft, and Amazon. The throughline will be a familiar one: Can Big Tech keep
Nearly two decades after the first iPhone, most smartphones still follow Apple’s template. “Consumer tech’s becoming pretty boring,” says Charlie Smith, chief brand officer at Nothing, the London-based upstart which is aiming to break the mold. “Everyone just copied the success of Apple, which was about minimalism, aluminum, and glass. [Tech] really lost a lot
Bond yields are spiking after the latest consumer inflation report, further hobbling Donald Trump’s goal to make life more affordable ahead of a pivotal midterm vote. The yield on the 10-year US Treasury, which influences everything from mortgages to car loans to business loans, saw a sharp spike on Wednesday as investors take in a
Bill Ackman thinks tighter monetary policy could prove to be a mistake in the era of AI. The billionaire investor said late Thursday that the Federal Reserve’s decision to hike interest rates last week was the wrong move, because AI may be rewriting the rules that guide the central bank’s response to inflation. Ackman wrote
The “Bond King” has a word of warning for investors: beware of higher interest rates. Jeff Gundlach, the veteran fixed-income investor and CIO of DoubleLine Capital, laid out his latest outlook for markets at an event in Manhattan on Thursday. Treasury yields have spiked to nearly two-decade highs in recent weeks, but rates have the
Federal Reserve Chairman Kevin Warsh told markets yesterday that the central bank’s rate-setting committee had unanimously agreed on a 25 basis point interest rate hike to combat inflation. The U.S. base rate now sits at 3.75% to 4%, a quarter-percentage-point increase in the opposite direction of the downward trajectory Trump has been aggressively lobbying for.
