Author: Admin

CNBC’s Jim Cramer on Friday said falling oil prices helped revive the stock market, but warned that next week’s Federal Reserve meeting could quickly change the outlook for investors.”Thank heavens oil went down today,” the “Mad Money” host said. “It changed everything.”Stocks rebounded Friday as oil prices retreated, helping the major averages recover some of their losses after four straight down sessions. The Dow Jones Industrial Average traded 509 points higher, or 0.98%, while the S&P 500 and Nasdaq Composite gained 0.86% and 0.96%, respectively. Technology stocks helped lead the recovery, thanks to positive updates from Adobe and Oracle after…

Dario Amodei, co-founder and chief executive officer of Anthropic, during an interview on “The Circuit with Emily Chang” at Anthropic’s headquarters in San Francisco, California, US, on Thursday, April 30, 2026. Jason Henry | Bloomberg | Getty ImagesAnthropic CEO Dario Amodei published an essay on Saturday urging artificial intelligence companies to pace how quickly they improve model capabilities, a move that comes as a growing chorus of researchers have called for a coordinated deceleration.The proposal for a voluntary slowdown brought together three figureheads of the AI industry in agreement, with SpaceX CEO Elon Musk and OpenAI chief Sam Altman throwing…

Here is the statement, signed by Terry Tao among many other math notables, most of you probably have read it by now.  I do not accept the most cynical interpretations of this proclamation.  Some of you for instance may recall that I made and indeed stressed a similar point in the last chapter of my recent “generative book” on marginalism.  In some near future, perhaps fewer economists will carry around marginalist insights and modes of thought in their heads, since you can just get the right answer by pressing the proverbial button on the AI. I find this future disturbing,…

Elevated Inflation Keeps Pressure on Fed to Raise Interest Rates The New York Times

Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.

    This week, I speak with Seth Bernstein, Chief Executive Officer of AllianceBernstein (no relation). We discuss his tenure at JPMorgan Chase, where he was managing director and global head of Managed Solutions & Strategy at J.P. Morgan Asset Management. We also discuss understanding the private credit industry and the future of mutual funds as ETFs grow in popularity. Plus, Seth shares his thoughts on the importance of in-person collaboration, as well as how to invest for retirement. A list of his current reading/favorite books is here; A transcript of our conversation is available here Tuesday. You can stream…

One of history’s biggest construction projects reveals where Luke is looking for profits as Musk builds his own empire. Listen to the audio version of this article (generated by AI). Editor’s Note: Elon Musk certainly doesn’t have much trouble raising money. But as my InvestorPlace colleague Luke Lango explains below, even billions of dollars can only get you so far. More than a century ago, the builders of the Panama Canal learned the same lesson. Before they could finish one of the world’s greatest engineering projects, they first needed the people, equipment and infrastructure to make it possible. And Luke…

The Boring Company’s unusual investor requirements reveal what Musk’s money can’t buy – and where investors should look. Listen to the audio version of this article (generated by AI). Elon Musk’s challenge isn’t finding investment capital – it’s turning those billions into data centers, rockets, robots, and all the other infrastructure his sprawling empire requires. In today’s Friday Digest takeover, our technology expert Luke Lango explains why a recent $3 billion funding round for Musk’s Boring Company offers a revealing glimpse into that problem. Beyond writing checks, some investors reportedly were also asked to help recruit employees and open doors…

One year in, the State Street Short Duration IG Public & Private Credit ETF (PRSD) is making a strong case for a broader approach to short-duration fixed income. Since its launch, PRSD has returned 3.46% at NAV, outperforming the Bloomberg U.S. Aggregate 1–3 Year Bond Index, a widely used measure of the short-duration, investment-grade U.S. […] The post State Street’s PRSD ETF Celebrates 1 Year of Strong Performance appeared first on ETF Trends.

The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) rose by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.91%.  E-mini S&P futures (ESU26) rose +0.83%, and September E-mini Nasdaq futures (NQU26) rose +0.86%.Stock indexes closed higher, supported by Friday’s -2.4% decline in oil prices.  The stock market took Friday’s CPI report largely in stride, even as the 10-year T-note yield closed slightly higher and the odds of a Fed rate hike next week rose to 85%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands…