Firefighters conduct works to extinguish wildfires in Agia Paraskevi, West Attica, Greece on August 1, 2026. Anadolu | Anadolu | Getty Images As wildfires, heatwaves, and extreme weather are becoming a permanent feature of European summers, insurers warn that the region faces a growing “protection gap” as disaster recovery costs outpace insurance coverage. A gigantic…
A stock can beat Wall Street’s earnings estimates and still fall sharply. Another company can miss an estimate and rally. This is not necessarily irrational. Stock prices respond to how results compare with the expectations already reflected in the price, not simply whether the headline says “beat” or “miss.” Key takeaways for stock investors An…
Apple‘s (AAPL +0.26%) market cap is approaching $5 trillion; shares of the company have reached a (split-adjusted) all-time high of $335 as of this writing. It would be a natural reaction to think it’s too late for investors on the sidelines to get in on Apple, but the stock remains a buy, even at this…
In episodes like the railroad boom and the dot-com bubble, creditors and shareholders were wiped out, because investment in a genuinely transformative technology outpaced any plausible near-term return. With the US financial system and asset markets having become a one-way bet on AI, such an outcome today could be catastrophic. BERKELEY—US Federal Reserve Chair Kevin…