JPMorgan's Bill Eigen Warns the AI Boom Is Starting to Resemble the 2008 Housing Crash: 'What I'm Terrified of Is...'

Benzinga31minutes ago

California's Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll

Benzinga55minutes ago

Google Plans to Pull All Pixel Production Out of China by 2027 Amid US-China Tensions: Report

Benzinga15:27

Gavin Newsom Touts Rideshare Drivers Union in California, Praises Push to Represent Uber, Lyft Drivers — Slams Trump for Attacking 'Workers' Rights'

Benzinga15:12

Amid the combined pressures of sticky inflation, AI-related debt, and fiscal disarray, the yield on 30-year U.S. Treasury bonds hit a new high since 2007, as global bond markets faced a "duration storm."

Long-duration bonds are becoming the epicenter of investor anxiety, as market concerns over inflation outlooks, the heavy debt burden associated with the artificial intelligence (AI) boom, and other issues converge here, imposing costs on governments worldwide.

Zhitong Finance14:49

Apple Rarely Concedes: Admits Its Hundred-Billion-Dollar Services Business Is Being Eroded Under Heavy Regulatory Pressure

1. Apple has acknowledged for the first time that regulatory changes have compelled it to partially relinquish control over the App Store, a shift that is weighing on its services business, which generates over $100 billion in revenue; 2. The company has seen a reduction in commission fees over the years due to court rulings and regulatory interventions in the United States, Europe, and other regions; 3. Many analysts are concerned that the slowdown in App Store growth will impact the core of its services business, potentially leading the market to reassess the profitability of this segment.

cls.cn14:43