Browsing: crash

The S&P 500 is beginning to look like a massive bet on artificial intelligence. That makes me nervous.

Ukraine’s Independence Day barrage against Russia’s second-largest online retailer struck four more Ozon logistics hubs across southern Russia overnight on August 24, bringing the total number of facilities hit in just 72 hours to six, collapsing the company’s share price by as much as 29% on the Moscow Exchange, and creating something that weeks of…

Fourteen recessions. Four major bear markets. A scary financial crisis. A global pandemic. Warren Buffett has survived and thrived through all of them.

I don’t usually ask generative AI platforms like ChatGPT for advice on what stocks to buy, but curiosity recently got the better of me. Has artificial intelligence evolved to a level where it can understand the nuances of identifying quality companies?

Major market indexes have been soaring lately, with the S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) up by 6%, 9%, and 4%, respectively, since late July alone.

XRP still battles for that key level as of press time. But is the worst behind it? ByJordan Lyanchev

The U.S. economy currently presents a mixed bag. Real gross domestic product (GDP) expanded at an annualized rate of just 1.5% during the second quarter — a deceleration from 2.1% in the first quarter. The labor market has also cooled noticeably: Nonfarm payrolls rose by only 57,000 in June, while the unemployment rate ticked down…

The FTSE 100 just hit a record high, so I decided to ask ChatGPT whether investors should be worried. Here’s what it said, and why I think it missed the point.