‘Bond King’ Jeffrey Gundlach warns of the next financial crisis: ‘It has the same trappings as subprime mortgage repackaging in 2006’
Gundlach explained that, in recent years, the “garbage lending” that plagued public markets before the Great Recession has shifted into private markets. Private credit has become increasingly popular and is…
House votes 427-1 to release Epstein files in remarkable rebuke to Trump
But both Trump and Johnson failed in their efforts to prevent the vote. Now the president has bowed to the growing momentum behind the bill and even said he will…
U.S. stocks follow Asia, Europe down on fear that Nvidia, other superstars are overvalued
Nvidia’s price more than doubled in four of the last five years, for example, while Palantir Technologies’ stock more than doubled in the first six and a half months of…
Exclusive: Crypto exchange Kraken raises $200 million from Ken Griffin’s Citadel to notch $20 billion valuation
One of the world’s largest crypto exchanges has raised a huge stash of capital from a blue chip financial titan. The Wyoming-based Kraken secured $200 million in a strategic investment…
With entry-level hiring shrinking, Gen Z turns to double majoring for protection from AI
For many, the new saving grace is double majoring.“Students view the double major in computer sciences and data science as an opportunity to maximize their college experience and optimize their…
Elon Musk revives billionaire beef with Bill Gates, says he better exit his ‘crazy short’ against Tesla soon or else add to his $1.5 billion in losses
Gates reportedly shorted, or bet against, Tesla’s stock to the tune of $500 million, earning him a personal text from Musk and “super mean” behavior, Gates said in a later…
For the first time in 20 years, AI bubble fears have fund managers saying companies are overdoing it
The survey of 202 panelists managing $550 billion in assets under management (AUM) revealed a net 20% of FMS investors now believe companies are deploying capital too aggressively—a sentiment not…
Half of millennial and Gen Z couples pick engagement rings with lab-grown diamonds— ‘well beyond what the mining industry had expected,’ McKinsey says
More carats at a lower price sounds like a great deal. That’s why many couples are choosing lab-grown diamonds over natural mined diamonds for their engagement rings. Plus, there’s a…
AI politics breaks into a New York congressional race — and signals more fights to come
It’s an early signal of a broader shift: while AI won’t determine every race in the upcoming midterms, it is emerging as a potent new pressure point in American politics,…
Trump tells Americans the economy is better than ever at McDonald’s summit: ‘This is also the golden age’
President Donald Trump has spoken out on the U.S. affordability crisis, promising to both provide much-demanded relief to struggling Americans while simultaneously declaring the country has never been better.“The Biden…
