AI optimists are behaving like investors who got burned in the Great Depression and the dot-com bubble, warns Vanguard’s chief economist

About 100 years ago, electricity began to sweep across the developed world, changing lives and sending stock prices soaring. You don’t have to be an economic historian to know that the Great Depression of the 1930s resulted in part from the unbridled risk-taking of the roaring 20s. Today, it is again difficult to find signs…

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How Warren Buffett Outsmarted Big Tech

Good morning and welcome to the last month of 2024. As Adoption of artificial intelligence accelerated this year, the technology group of stocks known as Seven Magnificent was often in the center of attention. But holding company Berkshire Hathaway is giving big tech a run for its money. At the age of 94, Warren Buffett,…

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The euro sinks as France’s budget crisis threatens to topple Michel Barnier’s government in a parliamentary showdown

Paris stocks and the euro fell on Monday as a budget impasse in France fueled concerns about the eurozone’s second-largest economy. French Prime Minister Michel Barnier faces the biggest risk yet of being ousted by a hostile parliament as his government on Monday unveils a social security funding plan that has angered the opposition. Barnier,…

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