He said that for years before the October 1987 crash, conditions were considered to be "highly in excess and nothing happened in the markets.""When I talk to people in the markets, I say there is one date you ought to keep in mind: Oct. 19, 1987," Rubin told CNBC senior finance and banking reporter Leslie Picker at the Summit.But the "ultimate serious consequences," which Rubin said he believes are "highly likely to be out there," lead him back to October 1987.The effects of the rising debt are just barely ...

Our next guest expects the S&P to contract to 6350 over the next several months. Joining us this morning is Steo's chief equity strategist at Barry Banister. Barry, it's good to have you back.Good morning. >> Hi. >> Uh you've had a I would argue sort of sense of caution throughout this year at least, which hasn't necessarily paid off, but you're sticking with it.Well, I kind of feel like uh you know the lemming in the in the comic book uh strip where it says the lemming stands up and says uh wait a minute, ...

Group 1 - A coalition of tech companies, including Meta Platforms Inc., OpenAI, and Alphabet Inc.'s Google, has failed to convince lawmakers to include a provision in the defense bill that would block state regulations on artificial intelligence [1][3] - The House Majority Leader indicated that the defense bill was not the appropriate venue for such a provision, but discussions are ongoing to find alternative legislative opportunities [1][2] - This setback marks the second instance this year where tech giants have been unsuccessful in their attempts to override state AI regulations through broader legislation [2][3] Group 2 - The White House's AI chief, David Sacks, along with Republican leaders, attempted to push for a federal standard to preempt state regulations, but faced resistance from lawmakers on defense committees [3][4] - The proposed provision aimed to halt state-level regulatory efforts that would hold companies accountable for harms caused by AI products, suggesting a shift to a narrow set of federal standards [4] - The tech industry argues that state regulations could hinder progress and give an advantage to international competitors, particularly in light of proposed regulations in New York and California [6] Group 3 - A similar measure to limit state AI regulations was overwhelmingly rejected in the Senate earlier this year with a 99-1 vote, indicating a challenging environment for such legislative efforts [7] - The House Armed Services Committee Chair announced plans to release a comprehensive defense measure, which may include discussions on AI regulations in the future [7]

Meta Platforms (NASDAQ:META) recently filed an application with U.S. federal regulators (via a subsidiary called Atem Energy ) for authorization to become a power marketer and enter the wholesale electricity trading business. By becoming a direct participant in the market, Meta can sign long-term "take-or-pay" contracts with new power plant developers, including wind, solar, and natural gas. Entering the trading business gives Meta the flexibility to manage an unpredictable supply. If a data center consumes ...

Everyone on Wall Street is busy celebrating the AI supercycle — until you try the math. This week, IBM (NYSE:IBM) CEO Arvind Krishna dropped a number so large it could stop the AI party cold.Track IBM stock here.At today's costs, he told Decoder, it takes roughly $80 billion to build and fully equip a 1-gigawatt AI data center. And with nearly 100 gigawatts of hyperscale capacity already announced across the industry, that implies around $8 trillion in capital spending. His conclusion was blunt: "There is n ...

You're the head of Alultim Alimter Capital. You're a big tech investment firm. You've got top holdings that include Nvidia, Amazon, Alphabet, OpenAI, Microsoft, lots of others.So, let's talk a little bit about what you're seeing in the tech economy, in the broader economy, and where things are headed because there's been a lot more volatility lately. >> Yeah, I I happen to think that volatility is good, and let me tell you why. >> We're coming up on the third anniversary of Chat GPT.We've come a long way fa ...

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]

Meta Platforms (NASDAQ:META) caused some ripples in the tech scene when it was reported that Mark Zuckerberg's tech titan is in discussions with Alphabet (NASDAQ:GOOG) to invest billions of dollars in Google TPUs (Tensor Processing Units) for its data centers by 2027. ...

Core Insights - Alphabet Inc. is a major player in the technology sector, primarily known for its search engine Google, and has expanded into AI and cloud computing, competing with giants like Amazon and Microsoft [1] Group 1: Price Target and Stock Performance - Guggenheim set a price target of $375 for GOOGL, indicating a potential increase of about 17.12% from its trading price of $320.18 [2][6] - The current stock price reflects a slight increase of 0.23, or 0.07%, with a trading range today between $316.79 and $326.83 [2] Group 2: AI Strategy and Development - Alphabet's strategic focus on AI infrastructure has evolved over a decade, starting with Google Brain in 2011 and the development of the TensorFlow framework [3] - The acquisition of DeepMind in 2014 significantly enhanced Alphabet's AI capabilities, culminating in the 2023 merger of Google Brain and DeepMind to develop the Gemini LLM [3] Group 3: Competitive Position and Market Capitalization - Alphabet's custom AI chips provide a significant cost advantage, enhancing its competitive edge in AI and cloud computing [4] - With a market capitalization of approximately $3.86 trillion, Alphabet is positioned as a must-own stock for investors interested in the future of AI [4][6] Group 4: Trading Volume and Stock Trends - Today's trading volume for GOOGL is 19.85 million shares, with the stock experiencing a high of $328.83 and a low of $140.53 over the past year [5] - Alphabet's sustained focus on innovation in AI infrastructure is expected to drive future growth and sector dominance [5]

Core Viewpoint - The Czech National Bank (CNB) has initiated a $1 million Bitcoin purchase to gain real-world experience with digital assets, acknowledging the potential for significant volatility in their value [1][2]. Group 1: Purpose and Strategy - The CNB's portfolio aims to provide hands-on experience with digital assets rather than relying on theoretical models, focusing on understanding tokenization and custody processes [2]. - The portfolio was created on October 30 and includes Bitcoin, dollar-denominated stablecoins, and tokenized deposits, with Bitcoin trading near $110,670 at the time of purchase [4]. Group 2: Investment Rationale - Bitcoin was included in the portfolio due to its low correlation with traditional assets, which can help diversify large portfolios [3]. - Simulations indicated that a 5% allocation to Bitcoin could have increased annual returns by approximately 3.5 percentage points over the past decade, albeit with a significant increase in portfolio volatility [5]. Group 3: Operational Challenges - A technical study by the CNB highlights significant operational hurdles in managing Bitcoin, particularly the risk of losing private keys, which is unique compared to traditional asset management [7]. - The CNB has consulted with the European Central Bank and the IMF, which concluded that Bitcoin cannot be classified as an official reserve asset and should be listed as "tangible and intangible assets" on the balance sheet [8][9]. Group 4: Regulatory Perspectives - Major European central banks have mixed views on cryptocurrencies, with some, like the Swiss National Bank, stating that they do not meet reserve policy requirements [10]. - Ukraine's central bank has expressed concerns that Bitcoin could create additional vulnerabilities, especially in wartime financial stability [11].