Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades. The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a “useless, speculative” asset without intrinsic value, speaking on CNBC’s “Squawk Box” Friday. He also said bitcoin…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball game Berkshire Hathaway CEO Greg Abel is now a citizen of the…
Federal Reserve Chair Kevin Warsh looks on during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chip Somodevilla | Getty Images It could have been a big week for bond bears, if it weren’t for crude oil. US GDP came in above expectations and…
Veteran investor Jeremy Grantham thinks the artificial intelligence boom has pushed the U.S. stock market to its most expensive level ever and could eventually lead to a historic decline. “Based on the value of the stock market compared to GDP, with modifications, this is the most expensive market in American history,” Grantham told CNBC’s “Squawk…
The stock of SpaceX continues its consolidation phase on the New York Stock Exchange one week after its Nasdaq listing. Samuel Boivin | Nurphoto | Getty Images SpaceX became one of the quickest additions ever to the Nasdaq-100 index, setting up a fresh wave of buying from passive investors less than a month after the…
Wall Street spent the week debating who the biggest winners and losers of the artificial intelligence boom will ultimately be. Memory chipmaker Micron’s blockbuster earnings reinforced the fervent demand for computing resources, but it also led investors to question whether the AI buildout is becoming too expensive for the hyperscalers funding it. The tech-heavy Nasdaq…
Large commercial vessels and a small boat navigate the waters off the southern port city of Bandar Abbas, Iran on June 21, 2026. Anadolu | Anadolu | Getty Images A tanker in the Strait of Hormuz was reported to have been struck by a projectile on Saturday, the latest escalation of tensions between the U.S….
The best government bond market may be outside the United States. Allspring Global Investments’ George Bory is pushing clients toward countries whose central banks are raising interest rates or have different inflation dynamics. “Bond markets everywhere have rushed to price inflation. Places like the UK, certainly across Europe, even places like Australia — we’ve seen…
Hudson Williams and Connor Storrie in HBO Max’s ‘Heated Rivalry.’ Courtesy: Sabrina Lantos | HBO Max When the holiday season rolled around last year, Margaret Hecox knew exactly what her grandmother would love. The 23-year-old wrote in a card about “Heated Rivalry,” the breakout Canadian TV series following a clandestine love story between two male…
Alphabet has squashed concerns that artificial intelligence will destroy its Google tech empire. One of its biggest weapons in the fight: homegrown silicon chips. Google’s in-house tensor processing units (TPUs) serve as the engine to the company’s Gemini chatbot, which has bolstered its image in the past year against rivals like OpenAI’s ChatGPT. They also…
