What’s most surprising is that Tesla and SpaceX have entered that elite group. A vast majority of companies weren’t worth owning, a long-running study shows.
Category: Stocks and Bonds
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Best Investments Over the Last 100 Years? Almost All Are Tech Companies.
The New York Times – Business: -
Stocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares
The New York Times – Business:Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.
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OpenAI Leans Toward Holding Up I.P.O. Until Next Year
The New York Times – Business:The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges.
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Oil Prices Fall Toward Prewar Levels as Gulf Shipping Resumes
The New York Times – Business:Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
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Norma Yaeger, Barrier-Breaking Stockbroker, Dies at 96
The New York Times – Business:Over her husband’s objections, she became a Wall Street broker in the 1960s. She later started two securities firms in the overwhelmingly male financial world.
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Asia Tech Shares Swing Wildly as A.I. Jitters Persist
The New York Times – Business:The turbulence in Asia’s chip-dominated stock markets highlighted how heavily global equities have come to depend on enthusiasm for artificial intelligence.
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SpaceX Shares Are Slumping After After Its Blockbuster I.P.O.
The New York Times – Business:On Tuesday, SpaceX briefly fell below $150 a share, which is where the stock first began trading when the company listed publicly just over a week ago.
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Markets Recoil in Global Sell-Off Driven by Tech Stocks
The New York Times – Business:Chipmakers led the way down in South Korea, where the main index crashed 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.
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After Starmer Quits, Investors Wonder Where the British Economy Goes Next
The New York Times – Business:Markets reacted calmly to the prime minister’s announcement, which laid out a timeline for succession. Still, there’s not much clarity about the next government.
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Oil Prices Fall as U.S.-Iran Talks Show Signs of Progress
The New York Times – Business:Oil prices retreated after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks.
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Oil Rises Amid Uncertainty Over Strait of Hormuz
The New York Times – Business:Modest reactions in the oil and financial markets as Iran and the U.S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.