
Bloomberg warns AI slowdown threatens $33T in stock gains
AI development slowdown could destabilize economic growth and market dynamics, impacting diverse sectors reliant on tech advancements.
- neutral toward Bloomberg · 96%

AI development slowdown could destabilize economic growth and market dynamics, impacting diverse sectors reliant on tech advancements.

Mike McGlone stressed that, since 2017, crypto has been performing poorly with increasingly high volatility levels, and that the reason behind this behaviour could be linked to a hawkish turn by the Federal Reserve and an overstretched SPX index valuation. McGlone Warns About Crypto’s Demise As The Fed Turns Hawkish Mike McGlone, Senior Commodity Strategist […]

Apple laid off a "handful" of Apple Fitness+ employees last week, according to Bloomberg 's Mark Gurman . "This is widely seen within the Fitness+ organization as the beginning of more drastic cost-cutting measures and other major changes to the service in the months and years ahead," he said. Tags: Apple Fitness Plus , Mark Gurman This article, " Apple Fitness+ Layoffs Reported Ahead of Potential 'Major' Changes " first appeared on MacRumors.com Discuss this article in our forums

A shorter Apple Pencil for the iPhone Duo was in development, but Apple scrapped it due to "technical problems ahead of mass production," according to Bloomberg 's Mark Gurman . Instead, Apple said the iPhone Duo will gain support for the existing USB-C version of the Apple Pencil later this year. Related Roundup: iPhone Duo Tags: Apple Pencil , Mark Gurman Buyer's Guide: iPhone Duo (Coming Soon) Related Forums: iPhone , iPad Accessories This article, " A Shorter Apple Pencil Was Supposed to Launch Alongside iPhone Duo " first appeared on MacRumors.com Discuss this article in our forums
Qatar’s Foreign Ministry spokesperson tells Bloomberg that mediators are shuttling between Iran and US to revive talks.
Rising government debt challenges central bank independence, potentially increasing risk premiums and borrowing costs, impacting economic stability.

After it was announced that Sony was dropping Hideo Kojima's Physint, and that instead the Metal Gear Solid creator's latest title would be coming to Xbox, there were a flurry of rumors about the falling out. Bloomberg reported that the decision was driven by a number of factors, including missed deadlines, budget and profitability concerns, […]
A supposed Geekbench result for an unreleased M6 Pro chip surfaced this week, but it is likely fake. Geekbench creator John Poole informed MacRumors that he uncovered "internal inconsistencies" that lead him to believe that the M6 Pro result might not be legitimate. Bloomberg 's Mark Gurman previously reported that Apple plans to skip M6 Pro and M6 Max chips entirely. This article, " M6 Pro Chip Result on Geekbench is Likely Fake " first appeared on MacRumors.com Discuss this article in our forums

Bloomberg senior ETF analyst Eric Balchunas believes Bitcoin ETFs could eventually grow to three times the size of the gold ETF market.

Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East-West pipeline. At least two European refiners were told their October allocations are zero, Bloomberg reported Friday. People familiar with the decision said it applies to all European term buyers. While Saudi Aramco seems to have found a way to move some of the crude that was stranded by the East-West pipeline, Europe is on the wrong side of the workaround.…

At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracking and satellite data compiled by Bloomberg showed on Friday. The uptick in LNG cargoes managing to exit the Strait of Hormuz signals that the LNG exporters in the Persian Gulf, mostly Qatar and the United Arab Emirates (UAE), are intensifying efforts to have LNG supply push through the chokepoint after months of near-total halt of shipments. While…

Bloomberg strategist Mike McGlone reveals why 5% US Treasuries are now worth selling Bitcoin and gold for.

Malaysia Airlines is close to ordering its first-ever Boeing 787 Dreamliners as it looks to replace seven Airbus…

China’s government has called on local coal miners to maintain a stable production rate after a jump in spot prices for thermal coal earlier this month. Thermal coal prices on the spot market recently climbed to the highest in three years, Bloomberg said in a report today, putting pressure on the government in Beijing to act. China has been reducing the share of coal in its energy mix, but the fuel remains vital, with a share of 49.7% in power generation over the first half of the year. This is the first time coal has dipped below 50% of…

Bitcoin Magazine Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert Bloomberg ETF analyst Eric Balchunas said the younger generation could be drawn to bitcoin. This post Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Bloomberg's Eric Balchunas says Bitcoin ETFs will triple gold funds in assets. Gold still leads by $519 billion.

Bitcoin ETFs' rapid growth signals a shift in investment trends, potentially reshaping asset allocation strategies and financial markets.

Bloomberg reports Houlihan Lokey was hired to help the insurance giant assess its options

Apple executive chairman Tim Cook is expected to attend a White House state dinner for Chinese President Xi Jinping, reports Bloomberg . Cook stepped down as Apple CEO and transitioned to executive chairman on September 1, with John Ternus taking over. Part of Cook's new role includes engaging with policymakers around the world. U.S. President Donald Trump invited Cook, OpenAI CEO Sam Altman, and Nvidia CEO Jensen Huang, among others. The dinner will be held next week during Xi's visit to Washington. Cook has attended multiple state dinners with Xi. Earlier this year, Xi held a state dinner for Trump in Beijing where Cook was present, and in 2015, Cook was seated next to Xi at a state dinner then-President Barack Obama hosted. Tag: Tim Cook This article, " Tim Cook to Attend White House State Dinner for Xi Jinping " first appeared on MacRumors.com Discuss this article in our forums