Apple’s defending its distribution moat by setting up one around your home. At 9 a.m. ET, the company will hold an event — “Welcome Home” — where it’s expected to unveil some smart-home devices as part of its bigger strategy in the space. Details are scant. Apple’s teaser only includes a catchy tune and someone
There’s a brutal truth lurking beneath the surface of the stock market’s four-year bull run. Since the October 12, 2022 bottom, endless enthusiasm for the AI trade has defined the stock market. It’s also posed uncomfortable questions about just how sustainable a bull rally can be if it’s only being powered by a handful of
Stocks slid Wednesday afternoon after Federal Reserve Chair Kevin Warsh followed the central bank’s first rate hike in three years with a press conference that hinted it wouldn’t be the last. The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points,
A best-case scenario for stocks is quickly fading, BMO says. The bank said that a Goldilocks scenario — an ideal economic setup for stocks where the US economy continues to grow while inflation is subdued — looks less likely due to a confluence of factors that could spark a global slowdown and impact equities. In
Markets see the result of this week’s Federal Reserve meeting as nearly a foregone conclusion, but the implications for markets are more up in the air. Markets are pricing about 93% odds of a rate hike at the end of the Fed’s policy meeting on Wednesday. With inflation at 3.4%, long-term Treasury yields spiking, and
Tech leaders like Dario Amodei, Sam Altman, and Elon Musk are calling for a slowdown in the development of AI, and investors on Monday appeared to be taking the notion seriously. Stocks linked to the AI boom tumbled as investors processed the implications of frontier labs hitting the brakes. The Philadelphia Semiconductor Index fell as
