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Shares of C.H. Robinson Worldwide on Thursday headed for their steepest drop ever, as investors seemed to focus their fears about AI disruption onto the transportation and logistics company.
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Asian Stocks to Drop as AI Jitters Hit Wall Street: Markets Wrap BloombergAsia stock markets track losses on Wall Street as AI fears hit sentiment CNBCAsian shares step back from record as tech jitters return, bonds rally ReutersAsia stocks slip following Wall St tech slide; still set for sharp weekly gains Investing.com
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Arista did a better job than networking rival Cisco when it came to calming margin fears and refocusing attention around AI.
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The Dow Jones Industrial Average closed below the 50,000 threshold for the first time since Friday, as fears spread that artificial intelligence might disrupt areas of business beyond tech and software.
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Shares of Adyen, one of Europe's few high-growth tech stocks, slumped on Wednesday after outlining revenue growth that disappointed investors and forecasting steady margins.
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The company is developing solid-state batteries, which promise to help lower the cost of electric vehicles. But achieving that goal will be expensive for QuantumScape.
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Applied Materials expects to see more than 20% growth in semiconductor-equipment revenue this year as AI potentially lifts overall chip-industry sales to $1 trillion.
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The sports-betting company sees "a massive, incremental opportunity" in the hot world of prediction markets.
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Long-term Treasurys had their best day in months on Thursday, as investors looked for safety in the bond market amid a broad selloff in U.S. equities.
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Arista's stock is dropping ahead of earnings, after Cisco's report sparked renewed fears about the impact of high memory prices.
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Noise users can bet on the popularity of everything from the Labubu craze to ChatGPT. It could be the first prediction market for the attention economy.
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A bear market accompanied by market volatility has led to shifting perceptions of what constitutes a secure retirement, according to a new national poll by Kiplinger and retirement services company Athene. Top concerns of retirees and near-retirees include a possible recession, the financial security of Social Security, the cost of health care and inflation.
A majority of respondents say that having more guaranteed income in retirement would ease their concerns about running out of money. Even so, an overwhelming majority of current retirees report high levels of satisfaction and happiness. And retirees are generally confident about their financial future, with 70% reporting they expect to have enough income to live comfortably, and 66% saying they are confident they will not run out of money in retirement. However, preretirees are less sanguine. Less than 55% of respondents not yet retired expressed confidence that they will not run out of money at some point.
The poll targeted retirees and pre-retirees with a net worth of at least $100,000; the respondents' median household net worth (excluding primary residence) was $369,979 for retirees and $322,506 for pre-retirees. The relatively high net worth is one likely reason financial confidence in this survey is higher than reflected in other retirement-confidence surveys.
Retirees are a bit more positive about stock market volatility than preretirees. Nearly half (49%) of retirees are concerned that stock market volatility could cause serious economic hardship in retirement (versus 64% of preretirees). Some 68% of retirees say they are doing nothing (and waiting) in response to volatility this year (versus 60% of preretirees).
Among retired respondents, 83% have already claimed Social Security benefits, with a mean claiming age of 63. For 43% of these respondents, Social Security provides 50% or more of their annual retirement income. Top sources of stable income for current retirees (be
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