Despite the skyrocketing valuations of the Magnificent Seven and anxiety over massive AI capital expenditures, one top economist argues that the U.S. stock market is missing the most critical ingredient of a financial mania: the exit of the “smart money.” Owen Lamont, a portfolio manager at Acadian Asset Management and a former University of Chicago…
David Klasing, a tax attorney from California, recalls meeting a client whose early cryptocurrency holdings had grown to $700 million in eight years and, having never reported a dime of it, was losing sleep they’d be jailed for tax fraud. Klasing says he recommended the client complete a voluntary disclosure, a penalty-reducing program for taxpayers…
CoreWeave could quadruple its revenue in the next two years. Demand for artificial intelligence (AI) data center capacity is insatiable, and hyperscalers and AI companies have been taking up all that’s available. This explains why neocloud provider CoreWeave (CRWV 4.69%) has been witnessing stunning growth in its revenue backlog. CoreWeave rents out its dedicated AI…
Kayla Bartkowski/ Los Angeles Times via Getty Images Late last month, TikTok’s Chinese parent company, ByteDance, finalized a deal to spin off the platform’s US operations into a new, majority US-owned company. Within 48 hours of the takeover, users began to experience problems. Many top creators saw their reach plummet and reported that their videos…
SLB Headquarters, Houston, Tx. Courtesy: SLB Corporate earnings along with geopolitical concerns have swayed investor sentiment in recent trading sessions. But investors seeking consistent income against a volatile backdrop can always add attractive dividend-paying stocks to their portfolios. For discerning investors, top Wall Street analysts can help select the right stocks, backed by strong cash…
Have you noticed yourself feeling a bit extra relaxed heading into this weekend? Your shoulders are a little bit looser, you can breathe deeper and your mind is quieter? For many of you, this is the first Saturday and Sunday in many weeks that haven’t been holiday- and/or football-focused. Enjoy it! How? Well, by perusing…
Washington — IBM Vice Chairman Gary Cohn said Sunday that President Trump’s nominee for chairman of the Federal Reserve Board is “very highly qualified” and will “take the Fed back to its traditional” norms. “I think we’re very fortunate to have Kevin to be the nominee,” Cohn said on “Face the Nation with Margaret Brennan.” On…
Updated Jan. 31, 2026, 11:03 p.m. ET The Powerball jackpot for the Saturday, Jan. 31 drawing currently stands at $57 million, with a cash value of $25.8 million. This year has already seen one Powerball jackpot winner. On Jan. 22, a single ticket purchased in North Carolina matched all six numbers for the top prize…
.css-y0pnve{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;gap:var(–o3-spacing-3xs);margin-bottom:var(–o3-spacing-2xs);} .css-l6tv8c{display:inline-block;width:24px;height:24px;background-color:var(–o3-color-use-case-body-inverse-text);-webkit-mask-image:var(–o3-icon-user);mask-image:var(–o3-icon-user);-webkit-mask-repeat:no-repeat;mask-repeat:no-repeat;-webkit-mask-size:contain;mask-size:contain;}.css-eh7lb7{margin:0;} For individuals .css-1b5zshh{color:var(–o3-color-use-case-support-inverse-text);margin:0;}@media (min-width: 740px) and (max-width: 1150px){.css-1b5zshh{min-height:var(–o3-spacing-xl);}} Discover all the plans currently available in your country .css-134bj3d{margin-top:var(–o3-spacing-s);} .css-13sn3di{display:inline-block;width:24px;height:24px;background-color:var(–o3-color-use-case-body-inverse-text);-webkit-mask-image:var(–o3-icon-corporate);mask-image:var(–o3-icon-corporate);-webkit-mask-repeat:no-repeat;mask-repeat:no-repeat;-webkit-mask-size:contain;mask-size:contain;} For multiple readers Digital access for organisations. Includes exclusive features and content.
Aerospace, energy, healthcare, mobility, and media. Thirty years ago, we’d be talking about General Electric. Today, we’re talking about Elon Musk. He’s the CEO of Tesla, xAI, and SpaceX, which also owns the telecoms company Starlink. He owns the social media platform X. He’s developing neural implants and underground tunnels. He’s put at least $10…
Nio delivered 27,182 vehicles in January, marking a 96.08% year-on-year increase, though down 43.53% from December. The growth was driven by strong performance from the Nio main brand, particularly the ES8 SUV. Nio Inc Monthly Deliveries 2024-2026 Month 2024 2025 2026 January 10,055 13,863 27,182 February 8,132 13,192 March 11,866 15,039 April 15,620 23,900 May…
The Chan Zuckerberg Initiative is making big changes, and it started 2026 with some job cuts to recalibrate and refocus its efforts on AI-powered biomedical research. The philanthropic organization, formed by Meta cofounder and CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, is cutting about 70 jobs, or roughly 8% of its workforce, a…
For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing…
Criticism of ICE practices has intensified in recent weeks since the shooting of 37-year-old Pretti, the second fatal shooting of a US citizen since immigration agents began surging several cities across the US, acting on the Trump administration’s drive to increase deportations of illegal immigrants.
Hryshchyshen Serhii/Shutterstock As the only part of the car that’s actually supposed to make contact with the road, tires are crucial for keeping your car safe and performing well. But, like anything else in the world of cars, they’re not all built equal. That fact is evident when seeing how certain manufacturers failed to perform…
Fangxianuo/Getty Images Shopping for a good brand of tires can be tough, especially if you’re doing the research yourself. Digging through endless websites is exhausting, but you don’t want to get stuck with a tire brand that has the lowest customer satisfaction rating. The same goes for the retailer you buy those tires from, which is why you…
President Donald Trump joked that he might sue his newly selected Federal Reserve chair nominee, Kevin Warsh, over lowering interest rates in a speech to an elite group of Washington’s power set on Saturday night, according to a person who attended the dinner. The speech, delivered to an audience that included a bipartisan mix of…
Xi Jinping has long sought a greater role for China’s currency in international markets © Evgenia Novozhenina/AP Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions for China’s currency as Beijing seeks to play a greater role in the international monetary system….
French IT company Capgemini will sell its U.S. subsidiary Capgemini Government Solutions, it said on Sunday, after coming under pressure to explain a contract the latter signed with U.S immigration enforcement agency ICE. French lawmakers, including Finance Minister Roland Lescure, had asked the company to shed light on the contract amid concern over the tactics…
A range of non-AI drivers is weakening labour markets, such as increased payroll taxes, central bank interest rate rises and excessive hiring during the pandemic years © Jason Alden/Bloomberg Welcome back. Fears of an AI jobs apocalypse are growing. At Davos, IMF managing director Kristalina Georgieva said the technology would hit labour markets like a…
.css-y0pnve{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;gap:var(–o3-spacing-3xs);margin-bottom:var(–o3-spacing-2xs);} .css-l6tv8c{display:inline-block;width:24px;height:24px;background-color:var(–o3-color-use-case-body-inverse-text);-webkit-mask-image:var(–o3-icon-user);mask-image:var(–o3-icon-user);-webkit-mask-repeat:no-repeat;mask-repeat:no-repeat;-webkit-mask-size:contain;mask-size:contain;}.css-eh7lb7{margin:0;} For individuals .css-1b5zshh{color:var(–o3-color-use-case-support-inverse-text);margin:0;}@media (min-width: 740px) and (max-width: 1150px){.css-1b5zshh{min-height:var(–o3-spacing-xl);}} Discover all the plans currently available in your country .css-134bj3d{margin-top:var(–o3-spacing-s);} .css-13sn3di{display:inline-block;width:24px;height:24px;background-color:var(–o3-color-use-case-body-inverse-text);-webkit-mask-image:var(–o3-icon-corporate);mask-image:var(–o3-icon-corporate);-webkit-mask-repeat:no-repeat;mask-repeat:no-repeat;-webkit-mask-size:contain;mask-size:contain;} For multiple readers Digital access for organisations. Includes exclusive features and content.
CERT Polska, the Polish computer emergency response team, revealed that coordinated cyber attacks targeted more than 30 wind and photovoltaic farms, a private company from the manufacturing sector, and a large combined heat and power plant (CHP) supplying heat to almost half a million customers in the country. The incident took place on December 29,…
Kckate16/Getty Images Filling up your car with gas is one of those daily routine things that many people put almost no thought into. While a small portion of drivers put effort into researching the various tiers of gasoline and which brands offer them, many others just stop at whichever gas station has the lowest price…
The recent share price drop in Microsoft stock looks like an overreaction. The share price of Microsoft (MSFT 0.83%) sank despite the tech giant reporting strong quarterly results for its fiscal 2026 second quarter. The drop appears to be largely attributed to higher operating expense guidance and its dependence on OpenAI. The stock is now…
Sensor equipment on the top of a Waymo Robotaxi during a preview event in London, UK, on January 28. © Bloomberg Waymo is close to finalising a $16bn funding round that will more than double the value of Google’s self-driving car business to $110bn, bringing in several new investors as it prepares to expand globally…
President Donald Trump welcomed the dollar’s recent decline, but a former Federal Reserve president said the astronomical size of U.S. debt requires more stability for the currency. The U.S. dollar index has plunged 10% over the last year and 1.2% this month alone. That’s after Trump shocked global market last spring with his “Liberation Day”…
Waymo has nearly finalized a new $16 billion funding round that will value the robotaxi company at $110 billion, according to the Financial Times. More than three-fourths of that funding will reportedly come from a source close to home — Alphabet, where Waymo is a subsidiary. (The company was incubated as part of Alphabet’s “moonshot…
Bitcoin slid sharply on Saturday, dropping below $80,000 for the first time since April 2025 as persistent selling pressure and a lack of new capital weighed on crypto markets. The world’s largest cryptocurrency fell as much as 10% to $75,709.88 during New York afternoon trading hours on Saturday, extending a drawdown that has now wiped…
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A passerby called first responders after hearing a male juvenile “screaming for help,” according to the police report. The officer who responded overheard the passenger saying the Waymo “told him to get out of the vehicle, even though it was in the middle of the street.” A Waymo spokesperson told the Washington Post the teen…
About 50 residents of a community outside Chile’s capital spent Saturday trying their best to power an entirely human-operated chatbot that could answer questions and make silly pictures on command, in a message to highlight the environmental toll of artificial intelligence data centers in the region. Organizers say the 12-hour project fielded more than 25,000…
SpaceX has filed a request with the Federal Communications Commission to launch a constellation of up to 1 million solar-powered satellites that it said will serve as data centers for artificial intelligence. The company’s filing lays out a grandiose vision, not just describing these planned satellites as “the most efficient way to meet the accelerating…
He says the company still plans to make a “huge” investment in the ChatGPT maker. He says the company still plans to make a “huge” investment in the ChatGPT maker. Jan 31, 2026, 11:37 PM UTC Terrence O’Brien is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing…