Why this fund manager trimmed his Nvidia position — and has a warning about AI
Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful. Source link...
MARKET
At least 30 injured after flight hits turbulence — sending man into overhead bin
At least 30 people were injured on Monday after an Air Europa Boeing 787-9 Dreamliner flight hit turbulence over the Atlantic, sending passengers flying out of their seats with one man appearing to have gotten stuck in the overhead bins....
Ray Dalio says markets ‘prefer capitalists’ as potential ‘extremist’ clash looms
U.S. voters may be left with a choice between extremists after President Joe Biden’s dismal debate performance, says billionaire investor Ray Dalio. Source link...
Forget about your retirement portfolio beating inflation over the next 10 years
Expect stocks to produce a negative-1.9% post-inflation return between now and 2034. Source link...
Is the market peaking? Not yet. But we’re getting closer.
10 signs that stocks are short of breath. Source link...
Pitney Bowes increases cost-savings target to a range of $120 million to $160 million
The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review. Source link...
Maersk shares jump on decision to scrap plans for DB Schenker takeover
The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company. Source link...
This is how much the largest 20 U.S. banks raised dividends after stress tests
Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon. Source link...
Ryan Cohen makes first X post in months as GameStop seeks app developers
The GameStop CEO’s posts are closely followed for hints about his plans for the company. Source link...
Nio’s stock gains after delivery data, as other electric-vehicle makers rally
Nio’s stock charged higher Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter. Source link...
