Former OpenAI researcher Leopold Aschenbrenner’s $20-billion AI-focused fund is unwinding public equity bets as the sector’s recent selloff takes its toll.
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Earnings from Schneider Electric and several other companies beyond Microsoft can give nervous investors some comfort about the direction of the AI trade.

<body><p>STORY: :: Was sponsoring the World Cup worth it?</p><p>:: Peter Devlin, Business reporter</p><p>"Was sponsoring the World Cup worth it?</p><p>If you ask Adidas - maybe not. Shares in the sportswear giant just suffered their biggest drop on record.</p><p>Its huge World Cup marketing bet delivered blockbuster sales - but profits couldn’t keep up.</p><p>Adidas went all in on football’s biggest stage - launching merchandise months before rivals Nike and Puma.</p><p>Then backed it all with a star-studded campaign featuring Timothée Chalamet, Lionel Messi and Bad Bunny.</p><p>And the campaign worked. Adidas sold four times more jerseys and twice as many footballs as the previous tournament, generating around €1.5 billion in World Cup-related sales.</p><p>But attention doesn’t come cheap. Adidas spent an extra €212 million on marketing. So was it worth it?</p><p>Adidas is racing to find its next hit as demand for its Samba and Gazelle sneakers cools.</p><p>But while trends fade, owning the world’s biggest sporting stage is something no rival can take away.</p><p>And in the battle for attention, that might just be the winning goal."</p></body>
Jersey Mike's sandwich chain made it from the Jersey Shore to the financial capital of the world.
A poorly received financial update on Thursday isn't the end of this turnaround story.
State Street quietly sells two ETFs tracking the exact same mid-cap index at wildly different prices, and most investors holding the older one have no idea how much that gap costs them over time.
A Massachusetts couple who ran an e-commerce newsletter started receiving anonymous packages containing live cockroaches, a fetal pig, and death threats, and it took years before the full scope of who orchestrated the campaign against them came to light.
NVR's asset-light model and buybacks support long-term value, but falling earnings, weaker revenues and a premium valuation argue for patience.
Peter Schiff is not done warning markets. The economist who called the 2008 financial crisis posted on X that the current tech selloff is a preview of something larger, and that Bitcoin will take a harder hit than most investors are currently pricing in. "The entire U.S. stock market is overpriced, ...
Shares of Teladoc Health fell more than 25% Thursday after the telehealth company missed second-quarter revenue expectations and cut its full-year sales forecast. The pain is concentrated in BetterHelp, Teladoc's therapy and psychiatry platform, where revenue fell 12% to $212.6 million. Teladoc has pushed BetterHelp users toward insurance-covered therapy instead of cash-pay sessions.
MAA lags Q2 FFO estimates as same-store NOI declines, but improving lease trends and a steady development pipeline point to stabilizing operations.
The RNA-focused biotech shed 30% of its market value — or close to $12 billion — amid growing investor concerns about its main drug business.
The market turned bearish on AI. Wall Street still loves this barely under-$30 stock.
Jersey Mike's has gone public. Shares of the sub giant are due to start trading today on the New York Stock Exchange after about 43.5 million shares priced at $23 each yesterday. The company raised about $1 billion in its IPO.
MO's second-quarter earnings miss estimates as cigarette shipments fall, though higher pricing lifted smokeable products revenues and supported profit growth.
Bitcoin faced a fresh downside warning Thursday after economist and longtime crypto critic Peter Schiff said the se...
MGM posts record Q2 revenues, but earnings fall as China and regional margin pressure offset Las Vegas and digital growth.
EVR posts record Q2 revenues on stronger deal activity and higher AUM, but rising expenses and special charges weighed on earnings.
Mark Zuckerberg’s Meta has lost more than $130bn (£97bn) in value after investors took fright at the pace of the company’s heavy AI spending.
UiPath stock is coming off a difficult five year stretch, with shareholders seeing the share price fall about 79.7%. However, current valuation checks now suggest the stock may be trading below its intrinsic value based on a Discounted Cash Flow (DCF) estimate. Over the past five years, UiPath has delivered a share price decline of 79.7%, which puts long term holders well under water and makes today’s pricing especially important for new and existing investors. UiPath’s ability to convert...
SpaceX stock rose early Thursday as Elon Musk’s rocket and AI company tried to shake off recent losses with some help from the U.S. Space Force. Its shares were up almost 14% after a strong earnings report. As for SpaceX, it was awarded a $1.6 billion contract for 18 Falcon 9 launches.
Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) shares fell about 3% on Thursday after the chipmaker reported third quarter earnings that narrowly missed expectations and issued a weaker-than-expected profit outlook for the upcoming quarter. For the fiscal third quarter ended June 28, Qualcomm reported...
The U.S. has fired a lot of missiles lately, leaving the Defense Department motivated to quickly replace and grow its missile stocks. “When you add the $54 billion dollars in this contract modification, you’re pushing $300 billion dollars of backlog for the company,” said CEO Jim Taiclet on Fox Business. Lockheed is tripling production of its PAC-3 missiles.
Hims & Hers shares crashed yesterday as the FTC filed a lawsuit against the telehealth provider. Here’s how you should play HIMS stock at current levels.
Nokia stock is down 52% from its June peak. Bulls defend the $8.50 Fibonacci support as RSI hits 27. Key levels to watch.
BLDR stock is down after second-quarter earnings and sales miss estimates, with weaker housing demand and a lower 2026 outlook adding to investor concerns.
QCOM's Q3 revenues beat estimates as auto and IoT growth offset handset weakness, but higher costs weighed on earnings and squeezed margins.