Broadcom Inc. (AVGO) CEO Hock Tan sparked significant market turbulence after comparing many AI investors to casino gamblers during a Singapore appearance. Tan told the audience that the surge in artificial intelligence investing has drawn in participants who behave more like gamblers than informed, disciplined investors. “A lot of investors have no clue what they…

Global bond markets are facing a dangerous combination of rising inflation, record debt levels, and surging AI-related borrowing, the International Monetary Fund warned Tuesday. The IMF released its latest Global Financial Stability Report as part of the annual IMF-World Bank meetings in Bangkok, Thailand, where more than 18,000 delegates gathered this week. Government bond yields…

A family dispute over a valuable property has raised questions about inheritance, caregiving, and what one sibling truly deserves when another moves in. The situation centers on an elderly widowed mother, 78, who owns her home outright, with the property valued at $925,000. Beyond the real estate, the mother also holds $480,000 in investments, making…

Robert E. Hall and Michael Woodford have been awarded the Nobel memorial prize in economics for work that underpins models used by central banks and governments to smooth out periods of boom and bust. The U.S.-born pair were jointly recognized for their contribution to the “microeconomic foundations” needed to create macroeconomic stability, according to the…

As enterprise IT budgets increasingly pivot toward artificial intelligence software, analysts say some of the biggest names in tech face very different futures. The shift is being closely watched across Wall Street, where investors are trying to identify which software companies stand to benefit most from changing spending priorities. Salesforce (CRM) is emerging as a…