Tech giants have committed $300 billion to AI infrastructure. The question is whether revenue can ever justify the spend—or if this is the new fiber optic bubble.
Markets fall 10% from highs as defense stocks surge and consumer discretionary collapses. Hedge funds cut exposure to levels not seen since the pandemic.
The central bank signals just one more cut this year as inflation holds at 2.9% and the economy slows. Powell’s May departure adds uncertainty to markets.