Gavin Baker, founder and Chief Investment Officer of Atreides Management, has built a reputation for positioning ahead of the broader market on artificial intelligence trades. Baker’s core investment thesis centers on AI as a long-term supercycle, not a speculative bubble, driven by electricity, semiconductor wafers, and compute infrastructure. He argues that real alpha in the…

Tamera Mowry-Housley has placed her longtime Bay Area residence on the market for $2.69 million as she and her husband pursue their Napa Valley ambitions. The actress, best known for starring alongside her twin sister Tia Mowry in the hit Nickelodeon series “Sister, Sister,” is 47 years old and ready for a new chapter. Her…

Shares of Micron Technology and Sandisk fell sharply Wednesday as investors rotated out of the broader semiconductor sector amid growing concerns over valuations. Micron dropped 8%, Sandisk slumped 10%, and Western Digital fell 7% as memory stocks pulled back alongside the Nasdaq composite index. The selloff was fueled in part by concerns over additional manufacturing…

Europe is pushing to narrow its record trade deficit with China by October, but a historic heat wave is driving unprecedented demand for Chinese-made air conditioners. The European Union and China released a rare joint statement on Monday, aimed at rebalancing trade between the two economies and improving market access for both sides. European trade…

General Mills (GIS) is pushing aggressively into high-protein foods and premium pet products as it faces one of the toughest consumer spending environments in recent memory. The company has described the current backdrop as “characterized by historically low consumer sentiment, heightened uncertainty and significant volatility,” driven by cumulative inflation and reduced government food assistance. Middle-…

Business founders aged 50 and above are nearly twice as likely to succeed as those who launch companies in their 30s, challenging long-held assumptions about entrepreneurship. More older workers are turning to self-employment as a direct response to age discrimination, using decades of experience and industry knowledge to build competitive businesses. The trend has been…

Private sector hiring came in below forecasts last month, with companies adding just 98,000 jobs in June, according to ADP’s latest payrolls report. The figure represents a decline from the 122,000 jobs added in May and fell short of the Dow Jones consensus estimate of 110,000 positions for the month. Nearly half of all new…

Major changes to the federal student loan system are now in effect, reshaping repayment options, borrowing limits, and monthly payment amounts for millions of Americans. Roughly 43 million Americans currently carry student loan debt, totaling nearly $1.7 trillion, according to the Office of Federal Student Aid. One of the most immediate changes is the elimination…

Nike posted stronger-than-expected earnings and revenue for its fiscal fourth quarter, though a massive tariff refund inflated the headline numbers. The company reported adjusted earnings per share of 20 cents, well above the 13 cents analysts had anticipated, according to consensus estimates from LSEG. Revenue came in at $10.97 billion, edging past Wall Street’s forecast…

Crypto investors had long hoped that institutional adoption and a friendlier regulatory environment would shield Bitcoin from its historically brutal boom-and-bust cycles. The launch of spot Bitcoin ETFs in the United States was seen as a turning point, bringing in professional capital that would theoretically provide more stable, long-term market support. That theory is now…