As AI valuations soar into the hundreds of billions, a parallel market of temporary financial shells is proliferating to meet investor FOMO, and many investors are starting to sound the alarm bells that it portends a bubble in the AI gold rush. Special purpose vehicles, or SPVs, enable investors to pool their money into funding
Tensions in the market are running high ahead of Jerome Powell’s remarks at the Fed’s Jackson Hole policy symposium. The Fed chairman is expected to give fresh insight into the central bank’s plans for rate cuts. Investors have a lot riding on what Powell says on Friday, as coming rate cuts are thought to be
President Donald Trump’s policies are splitting the market into distinct camps, Morgan Stanley says. Lisa Shalett, the chief investment officer of the bank’s wealth management arm, pointed to the effects of Trump’s tax bill and his sweeping tariffs in a recent podcast. “Now, as the impacts of the tax reform bill and global tariff implementation
When the COVID pandemic erased virtually all of Zeona McIntyre’s Airbnb bookings, she found a solution in mid-term rentals. “I was really open to doing whatever I needed to get my properties rented,” the Colorado-based property investor told Business Insider. She started listing her properties on Furnished Finder, which is geared toward traveling professionals and
Warren Buffett’s famous quote, “be fearful when others are greedy and greedy when others are fearful,” inspired 26-year-old Natalie Fisher to start investing in the stock market in 2020. Fisher’s story isn’t unique. The Oracle of Omaha has been a role model for countless investors throughout his career, with fans regarding him as a father
As Wall Street has poured money into technology budgets and become major players in patents and research, it’s also become a destination for technologists to work — rivaling even Silicon Valley. This as-told-to essay is based on a conversation with Melissa Goldman, a partner and tech leader at Goldman Sachs. She started her career 30
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
There’s a new app that helps you copy stock trades from your favorite financial influencers and other investors. Dub, launched last year, lets users track trades from finance influencers and notable investors through a subscription-based model. In April, Dub raised $30 million in Series A funding from investors including Notable Capital to scale the platform
A career in finance offers many benefits: It tends to pay well, is prestigious, and can lead to a jet-setting lifestyle. Breaking in, however, can require years of toil, planning, and determination. Say you want to be an investment banker who advises tech giants on corporate acquisitions: You will probably want to start applying for
The Executives Behind Palmer Luckey’s Tech-Focused Erebor Bank
Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him. The startup, Erebor, is raising $225 million at a $2 billion valuation, Business Insider reported in July. It has backing from Peter Thiel’s Founders Fund and