Business
CrowdStrike and Palo Alto Networks lead software stocks to a never-before-seen feat
The software sector outperformed the chip sector to a historic degree in the face of escalating AI fears.…
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Business
Chip stocks were a safe AI play. Now they’ve turned into the market’s pain trade.
A slowdown in the pace of AI development wouldn’t necessary dent spending, but there are other reasons semiconductor inv…
Business
Tema Rolls 'DICE' On SpaceX, Prediction Markets
Paisley Nardini, head of investment strategy at Tema ETFs, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Th…
Business
Vic Mensa peels back the cost of speaking up on social media and his popular ‘Orange Tree’ video series
Quick, what’s the first thing that comes to mind when you picture an orange tree? If the response is “Vic Mensa’s backya…
Business
US 10-Year Breaches 5% as Inflation, Supply Worries Mount
The US 10-year Treasury yield surpassed 5% for the first time since 2023 on Monday, as mounting inflation angst collided…
Business
Kentucky Derby Operator Taps Loan Market to Refinance Debt
Kentucky Derby operator Churchill Downs Inc. is seeking to raise $500 million to refinance existing debt as maturities l…
Business
George Strait Hits A Chart Milestone Few Country Acts Will Reach
George Strait’s ‘50 Number Ones’ reaches 400 weeks on the Billboard 200, becoming the country legend’s longest-charting …
Business
FULL INTERVIEW: Seth Bodnar—Montana Independent Candidate—Could Decide Balance Of Senate Power
Seth Bodnar joined “Forbes Newsroom” to discuss his campaign running as an independent in Montana’s U.S. Senate race.…
Business
Oracle announces new layoffs to offset AI spending
Tech giant Oracle launched a new round of layoffs today as the company seeks to offset massive artificial intelligence i…
Business
Saudi Arabia may be just days away from not being able to export much oil
The oil exporting kingdom is now dealing with the shutdown of its East-West pipeline. Energy prices ‘are only going to r…
Business
An ETF That Tracks Employees' 'HAPI'-Ness
David van Adelsberg, founding partner & CEO at Irrational Capital, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF…
Business
'Encouraging' to Hear AI Firms Taking Risk Seriously, Says Moynihan
Bank of America chairman and CEO Brian Moynihan said that it is 'encouraging' to hear that AI firms are taking the respo…
Business
Female athletes push back on Sydney Sweeney’s Novig ad for sexualizing women in sports
Sydney Sweeney is once again at the center of online controversy, with female athletes around the world speaking out aga…
Business
Fed Extends Pause on Reserve Management Purchases to Mid-October
The Federal Reserve said Monday for the second straight month it won’t buy Treasury bills for reserve management purpose…
Business
Construction Robots Just Took A Giant Leap Forward: Hello Holy Grail Of Robotics
Zinova makes physical AI called "Tool Intelligence" for construction robots. It might just be a giant leap forward in a …
Business
Abbott Settles Baby Formula Claims For $385 Million
Abbott will pay $385 million to settle state, federal, and civil lawsuits stemming from contamination issues at its Mich…
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Kennedy Center may close Tuesday after officials issue dire bankruptcy warning
The fate of the John F. Kennedy Center for the Performing Arts reportedly hinges on whether Donald J. Trump’s name is ad…
Business
CrowdStrike, Palo Alto Networks surging today as AI doomsday fears jolt cybersecurity stocks
Cybersecurity stocks CrowdStrike and Palo Alto Networks surged on Monday amid growing concern about the risks of artific…
Business
Canadian Insurer Sagen Plans to Raise Around C$300 Million
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as so…
Business
30-year mortgage rate jumps to 7.17% — a nearly 2-year high — in the latest blow to the housing market
The 10-year Treasury yield crossed a key 5% threshold on Monday, nudging the average 30-year mortgage rate upward.…
Business
The Fed may be on the verge of a serious mistake, prominent economists warn
Some economists are calling on the central bank to wait before raising interest rates, out of concern the economy may be…
Business
Post Malone’s Decade-Old Project Brings Him To A Career Low On The Albums Chart
Post Malone’s ‘August 26’ debuts on four Billboard rankings following its tenth-anniversary reissue and first-ever vinyl…
Business
Portuguese Open Returns To PGA Aroeira Lisboa After 29-Year Hiatus
The Portuguese Open returns to PGA Aroeira Lisboa for the first time since 1997, bringing the hotelplanner TOUR back to …
Business
AI doomsday fears are arriving at the worst possible time for the stock market
The latest cracks in the AI trade are emerging at a particularly troubling time for investors.…