It was another great week for the average stock as market leadership shifts away from tech
The S&P 500’s tech sector just had its worst week in a year and a half, while an equalweighted version of the index cemented a secondstraight weekly advance.…
Fed interest-rate decision this month is a closer call than markets think
Here are some of the arguments against a Fed rate hike — and why some economists disagree with them. Source:MarketWatch
Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report
Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins. Source:Cointelegraph
Lagarde says euro-area economy is resilient, digital euro imminent
“The digital euro will further stimulate innovation and competition in retail payments,” according to the ECB president. Source:Cointelegraph
Nowhere to hide: Tech selloff hits software and chip stocks alike
The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interestrate fears hit the…
Don’t buy this dip: Several signs suggest there’s more pain ahead for tech stocks
Thinking of buying the dip in technology stocks? The Nasdaq Composite’s technical outlook suggests don’t do it — at least not yet. Source:MarketWatch
Microsoft wants to make AI cheaper. Will investors actually see the savings?
Microsoft is betting that its custom chips can lower costs, but the AI equation is more complicated than that. Source:MarketWatch
AI investors have woken up to the bond market’s warning signs
Also in Weekend Reads: Robotic housekeeping, how to save on a wedding, and advice from The Moneyist. Source:MarketWatch
Could an Anthropic IPO put your 401(k) at risk? The AI safety debate hits a new dimension.
Anthropic and New York City’s comptroller have opened a line of communication to discuss “existential risks” posed by AI and what that could mean for the…
Welcome to the ‘AI burnout trade’ — as investors grow tired of debating tech’s promises
AI is likely to pay off eventually, but investors are getting sick of all the handwringing over nearterm returns, analysts say. Source:MarketWatch
Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race
At least two industryaligned PACs have poured more than $52 million into opposing Sherrod Brown’s return to the Senate. Source:Cointelegraph
Here’s how the Fed should reveal its outlook for the economy
As Chairman Kevin Warsh looks to revamp the central bank’s communication strategy, the dot plot is ripe for change. Source:MarketWatch