Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic. The investor, best known for his bet against the housing market ahead of the global financial crisis, said the two AI startups account for roughly 70% of AI-related revenue at Microsoft, Amazon,…
Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Yangtze Memory Technologies is rapidly gaining market share in a critical chip sector, according to Counterpoint Research. The company, also known as YMTC, landed in…
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York. Lucas Jackson | Reuters After years of standing in the sun, retail investors could have a dark cloud forming over their heads. Technological advancements helped level the playing field for Main Street and Wall Street…
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Alex Wroblewski | Afp | Getty Images President Donald Trump was sued on Wednesday over the controversial sale of advance notifications of his posts on Truth Social. The lawsuit, filed in U.S….
A Kalshi billboard displaying New York City mayoral election odds in Times Square in New York, US, on Tuesday, Nov. 4, 2025. Adam Gray | Bloomberg | Getty Images The New York City Council is investigating marketing practices by prediction market platforms, the office of Council Speaker Julie Menin said on Wednesday. In letters to…
Nicolai Tangen, CEO of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Jan. 29, 2025. Naina Helén Jåma | Bloomberg | Getty Images Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $182 billion on Wednesday, as a rally in Asian technology stocks helped the fund…
Exterior view of the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. Go Nakamura | Reuters BEIJING — Survivors have emerged in China’s fiercely competitive car market, which is increasingly dominated by electric-powered vehicles. Here are brands that have emerged as Chinese consumers’ favorite, according to industry data from Autohome:…
CNBC’s Jim Cramer said Tuesday investors don’t need to track every market move to understand what’s driving stocks. Instead, he said three simple questions can provide a quick read on Wall Street. “I learned early on that the averages don’t always tell the story,” the “Mad Money” host said. The market is influenced by countless…
Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi’s Todd Rosenbluth suggests there’s investor demand for the alternative assets due to ongoing interest rate uncertainty. “[CLOs have] been popular within the marketplace,” the firm’s head of research told CNBC’s “ETF Edge” this week. CLOs are short-term fixed income strategies…
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. Berkshire Hathaway‘s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results. But the bigger takeaway from the results is that…
