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Top Investors Behind Elon Musk’s xAI, a Now $24B Challenger of OpenAI

Elon Musk plans on building a “Gigafactory of Compute.” Apu Gomes/Getty Images Over the weekend, Elon Musk’s generative A.I. startup, xAI, announced that it had raised $6 billion in a…

Why Wall Street Investors Are More Bullish On India Than Ever

Narendra Modi speaks during the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change on December 1st, 2023. Beata Zawrzel/NurPhoto via Getty Images For decades,…

This bond-market reality could crush investors’ hopes for a soft landing

The “junk spread” is abnormally low right now, and that elevates the risk of an imminent recession. The junk spread is the difference between the yield on corporate high-yield bonds…

Verizon’s new plan: Consumers win, investors lose

Verizon has brought back its unlimited data plan. That’s great if you’re a Verizon customer. But it is terrible news for its investors. Verizon (VZ) stock fell nearly 1.5% in…