AI trade cooled off. Jim Cramer gives a timeline

Wall Street’s love affair with the artificial intelligence trade — a major driver of the market’s gains in recent years — has encountered a rough patch this fall. And on Tuesday, CNBC’s Jim Cramer said more declines in AI stocks could be on the way. In examining what has resulted in the red-hot AI trade turning…

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Trump meets with Saudi Crown Prince Mohammed bin Salman

President Donald Trump and Saudi Arabia’s Crown Prince Mohammed bin Salman, the de facto ruler of his nation, on Tuesday brushed off questions about bin Salman’s involvement in the 2018 killing of the Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul. “Things happen,” Trump said when asked about Khashoggi’s killing by Mary Bruce…

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Why superior speed isn’t selling EVs

Electric vehicles have quicker acceleration than gas cars, and the fastest ones can now reach the highest top speeds in the world. That helped make Tesla one of the strongest brands in the automotive world, and prove EVs were more than golf carts. But sales data and insiders — and even fans — say it…

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FanDuel, DraftKings abandon AGA trade group memberships

FanDuel and DraftKings on Tuesday said they are quitting the American Gaming Association, the leading trade organization representing casinos, gaming manufacturers and sportsbooks. In separate announcements, the companies said they were abandoning their AGA memberships because the direction of online betting — increasingly tied to booming prediction markets — does not align with the trade…

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Anthropic valued in range of $350 billion following investment deal with Microsoft, Nvidia

Microsoft on Tuesday announced new strategic partnerships with Nvidia and the artificial intelligence startup Anthropic, the latest sign that the company is working to reduce its dependence on OpenAI. As part of the agreement, Microsoft will invest $5 billion into Anthropic, while Nvidia will invest $10 billion into the startup. The investments have pushed Anthropic’s…

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