Dimon to Pitch JPMorgan’s Ultra-Rich Clients on SpaceX IPO

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients, part of an unprecedented nationwide push in coordination with the rocket maker’s leaders....

Dwindling US Oil Inventories Are a Warning to Global Markets

The supply buffer is becoming uncomfortably thin as summer driving season begins.Welcome to our guide to the commodities driving the global economy. Today, Oil Trading Americas Team Leader Devika Krishna Kumar looks at the implications of declining US inventories. If...

Broadcom Slides Most Since January 2025 on AI Outlook Miss

Broadcom Inc. shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter running through July, the...

A 180% Crypto Rally Shows New Investing Era as Bitcoin Melts

As billions of dollars leave Bitcoin and Ether funds, money is flowing into a corner of crypto that promises something investors have long struggled to find in digital assets: a clearer path from economic activity to token value. The strongest sign is the HYPE token...

DoubleLine’s Cohen Says AI Bubble Is Coming to Credit Markets

Artificial intelligence debt will almost certainly reach bubble levels eventually, given the history of periods of heavy investments in areas like railroads and the internet, said DoubleLine portfolio manager Robert Cohen. High odds of coming froth mean money managers...

Bitcoin’s Inflation-Hedging Promise in Tatters After Plunge

Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream. The decline comes as investors pull money from Bitcoin...

AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic

Chipmakers are by far the hottest stocks in the market, but their recent surge is lending urgency to the debate over whether investors are buying into an artificial-intelligence bubble that’s due to burst. The Philadelphia Stock Exchange Semiconductor Index is on pace...

Nikola Tesla Started the Silver Shortage 100 Years Ago

He invented the electric future. We're just running out of silver trying to build it. In 1899, Nikola Tesla was dreaming about a world powered almost entirely by electricity — wireless transmission, electric motors, massive power grids, automation, remote control...

Tech Stars From the 90s Reborn: Nokia, Dell, Cisco Surge on AI

They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting...

BlackRock Scales Back Equities After ‘Generational’ Earnings

BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season. The world’s largest asset manager cut its overweight position in equities from 3% to 1%, according to...