‘How many canaries have we killed in the coal mine?’ — Wall Street debates if the latest AI bubble warnings are another head fake or the real thing

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Since the advent of OpenAI’s ChatGPT in late 2022, the list of possible indicators that the AI boom was about to go bust is long and keeps getting longer, leaving Wall Street asking each time if the end is finally near. For instance, whenever AI chip giant Nvidia saw itsContinue Reading

Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf

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After deciding against renewing all-out war against Iran, President Donald Trump signaled that he will continue applying economic pressure on the regime. In an interview with Axios on Sunday, he said “we are low keying it” and only “semi-negotiating” with Iran, suggesting its collapsing economy will give the U.S. leverage.Continue Reading

U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower

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Believe it or not, U.S. debt was once a source of national strength, before it became a sword of Damocles hanging over the federal government and the bond market. While the nation celebrates the 250th anniversary of the Declaration of Independence, the origin of U.S. financial might can be tracedContinue Reading

Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of moving deadline

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After stocks notched the first positive week since the U.S.-Israel war on Iran started over a month ago, Wall Street is weighing another round of threats and the latest deadline from President Donald Trump. Futures tied to the Dow Jones industrial average fell 284 points, or 0.61%. S&P 500 futures were downContinue Reading

Ryanair CEO says book summer trips before fares soar, predicting French air traffic controllers more likely to cause flight chaos than fuel shortages

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 If the U.S.-Israel war on Iran continues into the summer, then airlines will start running out of jet fuel and will be forced to trim flights, according to Ryanair CEO Michael O’Leary. In an interview Thursday with the U.K.’s ITV News, he said carriers will be in an “unknown scenario”Continue Reading

There are now nearly 50% more home sellers than buyers as mismatch widens to a record 630,000. But it’s only a buyer’s market if you can afford it

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Home buyers have gained even more leverage over sellers as housing market supply continues to overwhelm tepid demand. In February, there were 46.3% more sellers than buyers, representing a gap of 629,808, the largest in Redfin’s records going back to 2013, the real estate company said in a report on Monday.Continue Reading