Apollo Chief Economic Torsten Slok was on a warpath this past week, issuing a series of warnings about the AI boom as Wall Street retreated from the sector. On Tuesday, he pointed to the recent slowdown in token spending growth, saying the demand curve for compute is flat and highly sensitive to price changes. Meanwhile,
President Donald Trump’s financial accounts made nearly 40 times as many trades in one month as those belonging to Treasury Secretary Scott Bessent, a Wall Street veteran with decades of experience. Trump earlier this week disclosed 1,156 transactions made by accounts in his name in July, including 440 purchases and 716 sales, according to a
The US government launched at least three previously unreported investigations into trading on the prediction market Polymarket, according to documents obtained by WIRED through a Freedom of Information Act request. Voting records from the Commodity Futures Trading Commission, the federal agency that regulates prediction markets, shed new light on how the government approaches these investigations.
Nvidia will officially cap off tech earnings season today after the closing bell. It’s been a tumultuous several weeks for the AI trade and mega-cap tech more broadly, with investors reacting sharply to results on both ends of the spectrum. On one side you had Alphabet and Tesla, which drew investor ire after ramping up
President Donald Trump’s market-moving pronouncements are triggering almost instantaneous trading among Middle Eastern retail investors, with his statements generating more activity than Federal Reserve decisions or key U.S. economic data, according to one Dubai-based trading executive. “We see the price fluctuation immediately, and that will lead to trades,” Tarik Chebib, the Middle East CEO of
