Chinese AI Euphoria Masks Long-Term Technological Challenges

Moore Threads Technology Co.’s 425% first-day pop this month — China’s most successful initial public offering since 2019 — capped a year in which investors have grown increasingly excited about the prospects for the country’s AI chip advancement. That’s despite basic...

SpaceX Sets $800 Billion Valuation, Confirms 2026 IPO Plans

SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it’s...

German Inflation Jumps to Nine-Month High as ECB Ponders Outlook

Germany’s inflation rate unexpectedly rose to the highest level in nine months, offering a reminder before the European Central Bank’s final meeting of the year that risks to price stability remain. The reading came in at 2.6% in November, up from 2.3% last month,...

How the K-Shaped Economy Is Hurting Everyone But the Rich

Talk of the K-shaped economy is brewing once again. The moniker first gained traction in 2020 to describe the divergence between how rich and poor Americans were experiencing the pandemic recovery. Now, with consumption increasingly concentrated in the top echelons of...