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Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
The main reason self-driving cars are not ready for prime time
"It's like trying to send a rocket to the moon in 1910 when the Wright Brothers were still working on their planes," one expert said.CBS News - Top stories -
Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - World - United Kingdom -
Theatre funds and mega-investors edge out ‘angels’ in thriving West End
Individuals can invest as little as a few thousand into productions, but flops are an eternal riskFinancial Times - Business -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - Business - United Kingdom -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Coca-Cola and Pepsi face investors’ bubbling health concerns
Also in today’s newsletter, a new twist in the Science-Based Targets initiative dramaFinancial Times - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Music Review: Sia soars with first solo album in 8 years, ‘Reasonable Woman’
A whole album of Sia is great — great, don’t get us wrong — but Sia paired with the icon Chaka KhanABC News - Entertainment -
Three reasons why Dolphins should consider a Ryan Tannehill reunion ahead of 2024 NFL season
The veteran quarterback remains unsignedCBS Sports - Sports - NFL -
Wasteful PSG go down to Borussia Dortmund but there's reason for hope in Champions League final berth
Kylian Mbappe's Parisiens lost in Germany but can still dream of the UCL finalCBS Sports - Sports - UEFA Champions League -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.CNBC - Business -
Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.CNBC - Business