Kory Kantenga, head of economics, Americas at LinkedIn, said that the labor market has 'no momentum,' but maintains that it is too early to tell if it is the impact of artificial intelligence. Kantenga said that recent college grads are feeling the impact as companies reduce entry level opportunities. (Source: Bloomberg)
Kory Kantenga, head of economics, Americas at LinkedIn, said that the labor market has 'no momentum,' but maintains that it is too early to tell if it is the impact of artificial intelligence. Kantenga said that recent college grads are feeling the impact as companies reduce entry level opportunities. (Source: Bloomberg)
Apple investors gave a tepid reception to the next generation of its AI platform. The new Apple Intelligence system, underpinned by Google technology, was unveiled during a keynote presentation at the company's Worldwide Developers Conference. Ed Ludlow reports on "Bloomberg The Close."
Apple investors gave a tepid reception to the next generation of its AI platform. The new Apple Intelligence system, underpinned by Google technology, was unveiled during a keynote presentation at the company's Worldwide Developers Conference. Ed Ludlow reports on "Bloomberg The Close."
Apple (AAPL) kicked off its 2026 Worldwide Developers Conference (WWDC) on Monday by showcasing its new AI-powered Siri, dubbed Siri AI. Geoffrey Cain — the author of "Steve Jobs in Exile" — comes on Market Domination to comment on Apple's new position on AI and whether that could put pressure to keep up with its Big Tech peers. This is Apple CEO Tim Cook's final WWDC keynote as chief executive be...
Apple (AAPL) kicked off its 2026 Worldwide Developers Conference (WWDC) on Monday by showcasing its new AI-powered Siri, dubbed Siri AI. Geoffrey Cain — the author of "Steve Jobs in Exile" — comes on Market Domination to comment on Apple's new position on AI and whether that could put pressure to keep up with its Big Tech peers. This is Apple CEO Tim Cook's final WWDC keynote as chief executive before he steps down in September and takes on a new role as executive chairman.
Apple investors gave a tepid reception to the next generation of its AI platform. The new Apple Intelligence system, underpinned by Google technology, was unveiled during a keynote presentation at the company’s Worldwide Developers Conference. Ed Ludlow reports on "Bloomberg The Close." (Source: Bloomberg)
Apple investors gave a tepid reception to the next generation of its AI platform. The new Apple Intelligence system, underpinned by Google technology, was unveiled during a keynote presentation at the company’s Worldwide Developers Conference. Ed Ludlow reports on "Bloomberg The Close." (Source: Bloomberg)
Pour one out for the Apple Watch Series 9. | Photo by Dan Seifert / The Verge I hope you have a modern Apple Watch or iPad, because otherwise watchOS 27 and iPadOS 27 won't run on your device. Apple often drops support for older devices with its latest software updates, but this year it's culling even more device generations than ever before. Apple is dropping support for four generations of Apple...
Pour one out for the Apple Watch Series 9. | Photo by Dan Seifert / The Verge I hope you have a modern Apple Watch or iPad, because otherwise watchOS 27 and iPadOS 27 won't run on your device. Apple often drops support for older devices with its latest software updates, but this year it's culling even more device generations than ever before. Apple is dropping support for four generations of Apple Watch models in watchOS 27. The latest watchOS update will only be available on Apple Watch Series 10 devices and above, Apple Watch Ultra 2 and above, and Apple Watch SE 3. That means if you have a barely three-year-old Apple Watch Series 9 model then you're out of luck. Likewise, if you purchased the original Apple Watch … Read the full story at The Verge.
Bilanol/iStock via Getty Images Real Estate Weekly Outlook U.S. equity markets snapped a nine-week winning streak - while benchmark interest rates surged to multi-month highs - as a stronger-than-expected jobs report sparked a hawkish repricing of Fed expectations toward rate hikes, pressuring high-flying tech stocks that had powered the latest leg of the rally. The “good news is bad news” dynamic...
Bilanol/iStock via Getty Images Real Estate Weekly Outlook U.S. equity markets snapped a nine-week winning streak - while benchmark interest rates surged to multi-month highs - as a stronger-than-expected jobs report sparked a hawkish repricing of Fed expectations toward rate hikes, pressuring high-flying tech stocks that had powered the latest leg of the rally. The “good news is bad news” dynamic was revived in full force this week, as renewed labor-market strength forced investors to further unwind rate-cut bets and contemplate the real possibility that the Fed’s next move could be a hike. Combined with the ongoing stalemate in Iran and the renewed firming in oil prices this week, the result was the broadest cross-asset repricing in months, with stocks, bonds, crypto, and precious metals all coming under pressure ahead of a critical stretch of summer inflation reports. Hoya Capital Snapping its longest winning streak since late 2023, the S&P 500 declined 2.4% on the week, while the tech-heavy Nasdaq 100 plunged 4.3% amid a sharp selloff in chipmakers and other AI-related leaders. Chipmakers were at the epicenter of the selloff as investors questioned whether the AI trade had gotten overextended following a furious multi-month rally. Other major benchmarks posted more muted losses, however, with the Mid-Cap 400 down 0.8% and the Small-Cap 600 lower by 0.7%. Six of the eleven GICS equity sectors actually finished higher on the week, led by Energy, Healthcare, and Financials. Real estate equities also delivered surprising outperformance despite the surge in benchmark interest rates, buoyed by generally constructive updates from REITweek - the annual industry conference - and some rotation into defensive, income-oriented sectors. The Equity REIT Index advanced 1.1% on the week, with 12 of 18 property sectors in positive territory. The Housing Index finished roughly flat as renewed mortgage-rate concerns were offset by an M&A boost from Berkshire Hathaway’s acquisition...
Vertigo3d/iStock via Getty Images A single chart may hold the key to understanding whether the AI ( AIQ ) ( AIEQ ) boom has staying power, according to market strategist Andreas Steno Larsen. Larsen on Monday highlighted the Silicon Data LLM Token Expenditure Index as “the chart that everyone should be watching,” warning that if token pricing weakens, “everything from the memory trade ( DRAM ) to ...
Vertigo3d/iStock via Getty Images A single chart may hold the key to understanding whether the AI ( AIQ ) ( AIEQ ) boom has staying power, according to market strategist Andreas Steno Larsen. Larsen on Monday highlighted the Silicon Data LLM Token Expenditure Index as “the chart that everyone should be watching,” warning that if token pricing weakens, “everything from the memory trade ( DRAM ) to the broader hardware and data-centre trade is over for this cycle.” The index tracks spending on AI model usage, which has more than doubled since December, rising sharply through May 2026. This surge underpins the bullish case for the entire AI supply chain—from GPUs and memory chips to data centers and power infrastructure. However, a recent downtick in the index is raising concerns. If AI usage spending rolls over, it could undermine the capital expenditure narrative that has propelled chipmakers ( SMH ) ( SOXX ), memory stocks, utilities and infrastructure plays to substantial gains. "The whole setup depends on this," Larsen wrote in a social media post. AI models process information using tokens—the core units of data that serve as the transaction currency for AI services. Instead of billing a set subscription or flat rate, major AI firms, such as OpenAI ( OPENAI ), Anthropic ( ANTHRO ) and Google ( GOOGL ) (GOOG)) charge clients based on token consumption, ensuring users are billed only for the precise amount of data processed. Andreas Steno Larsen More on Global X Artificial Intelligence & Technology ETF, Roundhill Memory ETF, etc. Markets Don't Like Good News Anymore Hyperscaler's CDS Fears Are Rising Semis Versus Software: Should You Follow The Investment Giants And Their 13-F Actions? AI-linked ETFs tumbled in Friday's tech selloff after months of outsized gains 'AI exceptionalism' spreads beyond U.S.
Eisman on Monday expressed skepticism about SpaceX potentially merging with EV Giant Tesla Inc (TSLA), highlighting the latter company’s many challenges.
Eisman on Monday expressed skepticism about SpaceX potentially merging with EV Giant Tesla Inc (TSLA), highlighting the latter company’s many challenges.