The ‘greatest bubble in human history’ is close to bursting, black-swan investor Mark Spitznagel says

Mark Spitznagel on Bloomberg TV in February 2018. A black-swan investor, Mark Spitznagel, says the stock market is heading for a historic sell-off, reiterating an uberbearish warning for investors who are getting comfortable with steady stock gains amid the frenzy over artificial intelligence. In a recent interview with The Wall Street Journal, Spitznagel said the…

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Mark Zuckerberg calls Donald Trump a ‘badass’ after the former president threatened him with prison

Donald Trump is a “badass” for surviving his assassination attempt, Mark Zuckerberg has said. But Trump recently threatened Zuckerberg with prison. Meta CEO Mark Zuckerberg called former President Donald Trump’s reaction to getting shot “badass,” although he declined to endorse him in an interview with Bloomberg released Friday. Bloomberg’s Emily Chang asked Zuckerberg about the…

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How one IT update gone wrong has sparked chaos around the world

A global IT outage has caused problems at airports and many other organizations. If the world needed a wake-up call on just how fragile its IT systems are, it just got one: A small update gone wrong appears to be the culprit for a global meltdown. Airlines, banks, supermarkets, and healthcare providers from Japan and…

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Mass IT outage: here’s a list of companies and operations affected

Passengers waiting at Barajas Airport in Madrid following the IT outage on Friday. A mass IT outage has hit flights, banks, retailers, and media outlets around the world. The issues appear to be linked to the cybersecurity firm CrowdStrike. Microsoft also acknowledged the issue in an X update early Friday, writing, “Our services are still…

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Netflix had another blowout quarter

Netflix reported second-quarter earnings after the stock market closed on Thursday. Netflix’s subscriber numbers grew more than expected during its second quarter, the latest sign that the company’s password crackdown is working. The streamer attracted 8.05 million new subscribers for the quarter, helped by shows including the third series of “Bridgerton” and “Baby Reindeer.” Analysts…

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Starbucks could give a much-needed jolt to the EV market

Mercedes-Benz is bringing its 400 kW electric vehicle charging stations to 100 Starbucks locations across Interstate 5, a much-traveled US highway. Mercedes-Benz is bringing its fast electric vehicle charging stations to 100 Starbucks locations. The move is a win for both EV owners and Starbucks, which is likely hoping to convince drivers to stop in…

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