Ken Fisher, chairman and founder of Fisher Investments, argued during an appearance on “Berney & Co.” that it’s important for investors to keep an eye on global inflation numbers.
— S&P 500, Nasdaq set new records.Bitcoin approaches all-time highs
— Macy’s closes more than 100 stores across the U.S.
— Gemini explosion hits Google
— Elon Musk turns on OpenAI, but teases new Tesla for delays
— Apple abandons electric car plan, surprising many
— Inflation remains high ahead of Fed Chairman Jerome Powell’s testimony next week
— Local banks shaken after NYCB disclosure
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Winning Week in Stocks and Crypto Wrap: Investors helped start March with the S&P 500 and Nasdaq Composite ending the week at record highs. Bitcoin has risen more than 23% in the past seven days, topping $63,000, as tracked by Dow Jones Market Data Group. The all-time high of the world’s largest cryptocurrency by market value is $67,353.
Macy’s shrink: American retailer Macy’s plans to further downsize after closing 150 stores…Continue reading here.
video: Where does Macy’s fit into the U.S. retail industry?
Google’s failure: The search giant’s AI tool Gemini has been found to be biased against white people. CEO Sundar Pichai eventually addressed the situation, but some wonder if this is the company’s budding moment…Continue reading here. Shares of parent company Alphabet fell 5% this week.
Google parent alphabet: -5% for 1 week
Google’s parent alphabet ( )
Frenemy?: Elon Musk is suing Sam Altman’s open AI, claiming it went astray under his direction…Continue reading here.
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Elon Musk and Sam Altman (Eric Lee/Bloomberg via Getty Images (AP Photo/Jay C. Hong)/Getty Images)
As for Musk’s Tesla, he promised a long-delayed new model would arrive soon…Continue reading here.
video: How far ahead is Elon Musk in the electric car race?
The Tesla Roadster, the world’s first highway-capable all-electric vehicle available in the United States, made its production debut on May 1, 2008 at Tesla’s flagship store in Los Angeles. (Vince Bucci/Getty Images/Getty Images)
About Apple’s face: According to reports, Apple has halted plans to develop an electric car, known as “Project Titan”…Continue reading here.
video: This is why Apple is withdrawing from the EV business.
Local banks are in shock: Ahead of the March anniversary of the Silicon Valley Bank’s failure, NYCB is warning investors that the market is on shaky ground, sending chills across the local banking industry.Continue reading here.
video: Are local banks on the verge of bankruptcy?
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Inflation continues: The Fed’s preferred inflation measure does not provide enough reassurance to policymakers, making the timing of future rate cuts even more uncertain…Continue reading here.
video: Former Federal Reserve Board member James Bullard shares his views on inflation.
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