Key Points
- Some short sellers argue the AI-driven rally is beginning to resemble previous speculative manias.
- Weaker companies rushed to attach themselves to the hottest market theme in hopes of attracting capital and retail traders.
Some short sellers are seeing opportunity in this tech mania. How they’re spotting fake AI stocks
Finance
Fed Governor Miran submits resignation, throws support behind Warsh as new chair
Key Points Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he […]
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Finance
Stocks making the biggest moves premarket: Versant, Biogen, Bullish, Cisco and more
Check out the companies making the biggest moves in premarket trading: Biogen — Shares advanced 4% after the biopharmaceutical company announced its experimental Alzheimer’s drug will advance into a phase 3 trial, despite failing to meet the main goal of the phase 2 trial. Biogen said the drug showed cognitive benefits. Versant Media Group – […]
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Finance
U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol
Key Points U.S. Treasury Secretary Scott Bessent spoke with CNBC’s Joe Kernen from the sidelines of the U.S.-Chinese presidents’ meeting in Beijing. Bessent said the two countries would establish a protocol for AI safety, adding they were having a “wholesome” dialogue because the U.S. is “in the lead” in the race to develop the technology. […]
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