On average, the public’s awareness of markets begins and ends with stocks. Something really notable has to happen for bonds to enter the conversation. We appear to have finally reached that point. The fact that soaring bond yields have hit the market mainstream shows just how critical the situation is. Investors and market-watchers know the
In the check-out line of your local grocery store, there’s a nearly one-in-three chance someone there has used an app like Klarna or Affirm to finance their purchase of produce, milk, and eggs at some point. Their use of buy now, pay later could mean your groceries are about to cost more, economists have found.
Spanish actor Ester Expósito (“Elite”) is circling the upcoming feature “Stink Eye” (“Malmirada”) and has signed a letter of intent to topline the feature debut of Colombian director-writer Cristina Sánchez Salamanca, who first caught the film world’s eye with her short “Bebé” at the 2022 Tribeca Festival. “Stink Eye” is among the projects participating at
Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion. Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes
Nvidia jolted investors on Wednesday with a projection that its revenue would skyrocket by 70% next fiscal year and said demand for its AI chips is growing at 100%, prompting an after-hours stock rally. The 70% preliminary expectation wildly exceeded projections for fiscal 2028 revenue of roughly $570 billion, or 44% growth from fiscal 2027
The debate over artificial intelligence and monetary policy is already well under way. Federal Reserve Chair Kevin Warsh and others have rightly emphasized that AI could raise productivity and productive capacity even as the investment boom puts pressure on resources before those benefits arrive. That timing problem is real. But it risks obscuring a more
