‘I am getting increasingly queasy’: JPMorgan’s strategy chief on why investors should dial back risk amid market distortions

David Kelly, chief global strategist, JPMorgan Asset Management Strong economic data and a big rate cut last month have fueled bullish sentiment, but investors should be wary of adding more risk, according to JPMorgan Asset Management’s David Kelly. The firm’s chief global strategist says the promise of a soft landing has encouraged Americans to pour…

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Falling home prices and fed-up residents show the Texas housing boom is slowing

Texas was not all what it cracked up to be, according to Peter Hoholick, a native Californian who moved to Austin in 2021 on rumors that a cheaper, more laid-back lifestyle was in store. The move fell short of Hoholick’s expectations. The weather was “miserable,” with southern humidity and temperatures trailing into the triple-digits during…

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Former Google CEO Eric Schmidt says we should go all in on building AI data centers because ‘we are never going to meet our climate goals anyway’

Former Google CEO Eric Schmidt said we should let AI figure out how to decrease carbon emissions. Former Google CEO Eric Schmidt says it’s time for us to fully invest in AI infrastructure because climate goals are too lofty to reach anyway. The AI boom has spurred a wave of spending on data centers, which…

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Here’s how to invest in the Q3 earnings season as profits re-accelerate despite misplaced recession myths

Corporate earnings are on pace for their best non-pandemic year since 2018, and market strategists expect the party to continue in the upcoming earnings season and into 2025. Interest rates and inflation have been investors’ primary concerns this year, and worries about the labor market, growth, and rising geopolitical tensions have also sucked up plenty…

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A Gen Xer can’t find a job after 1,000 applications despite years of six-figure roles: ‘It’s like playing the lottery’

Sean Tetpon has applied for over 1,000 jobs over the past year, though he’s staying optimistic. Sean Tetpon, 55, held six-figure positions for years as a communications manager for major companies. But, after applying for over 1,000 jobs over the last 12 months, he and his wife have had to cut every expense possible —…

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Insider Today: Consultants hit the exits

Welcome back to our Sunday edition, a roundup of some of our top stories. Studying computer science was supposed to be the ticket to job security. Not anymore, according to a professor at UC Berkeley. On the agenda today: Consulting firms are facing a reckoning as workers head for the exits. 4:30 a.m. wakeups are…

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