Big news on Wall St

AI bubble trouble or market optimism? Global AI innovation is accelerating rapidly, changing how humans do things. But some Wall Street analysts are saying the 2023 market recovery is starting to look a lot like an AI bubble comparing it to the dreaded dotcom boom ’n’ bust. But is the comparison realistic?

Two strikes and is Hollywood out? While writers and actors wait it out while bigwig studios decide whether they deserve royalties and protection from AI stealing their jobs, an industry is left reeling while the world feels the trickle-down impacts. Will entertainment stocks strike out?

It’s second-quarter earnings season for the top four banks in the US and it seems not all of them are making bank. While high interest rates benefiting lending are helping some banks, as the investment banking sector’s rebound is still on a go-slow, it’s hurting others.

Is Mark Zuckerberg cool again? His new Meta app Threads is gaining traction with more than 100 million sign-ups less than a week after launch. The Big Tech company’s share price has been on the climb since November 2022 and bumped up following the news. But is Threads innovative enough to add to Meta’s revenue?

Trillion dollar tech companies don’t come bigger than Apple, which this June claimed the title of the World’s Biggest Company. Next in line is more Big Tech, but at half a trillion dollars behind, it’s not a close race. Do Wall Streeters think Apple’s fundamentals stack up over the long term?

Welcome to your recession explainer intro. The RBNZ has pulled the brakes and the ‘R’ word has officially come to town: New Zealand is in recession. But what does that even mean and should you be worried? On the other side of town the US is not in recession. What’s keeping them up?

There was no talk of virtual reality at Apple’s Vision Pro launch but did they inspire people that it’s a must-buy and they need to queue in sleeping bags overnight to buy it? 🥽 It’s soup season here but Campbell Soup has been serving up cold results. 🥫 Meanwhile style app Stitch Fix has been shrinking staff and their customers. Why? 👗

Nvidia, Marvell Technology and Workday have gone all in on AI and the flex has kept investors upbeat. Why AI? It seems when dealing with a tonne of data, AI does the heavy lifting so people can take innovation next level. Meanwhile, shoppers are feeling the pinch, so what’s happening in retail?

Take-Two Interactive shares surged to their highest yearly peak. Home Depot blames DIY dropoff for missed earnings. Is Walmart’s taking on Amazon? Who’s pillaging US$500 million from Target’s pockets. And has China’s economy rebounded? Here’s our glance back at a week of earnings.

Google announced their AI-first approach and a stack of new toys. What’s behind Petolon’s million dollar recall? Airbnb and Disney both reported earnings up, so what panicked investors? And could future banking crises be averted with new short-seller regulations? Here’s our snapshot of the week that was.

As Temu and Shein take their battles to court, more than 50 million global consumers have downloaded China’s newest discount products e-commerce app. And Temu may be hoping people shop like a billionaire for mum this Mother’s Day? So who’s behind the megasite and do we have another Wish on our hands?

It had been all quiet on the IPO front in 2023 until Johnson & Johnson’s household division Kenvue hit the markets last week. But the journey ahead isn’t all clean and clear. Legal claims threaten to follow the household product consumer giant. Rumours are also swirling that some of China’s e-commerce heavyweights may want US IPOs. That’s assuming US legislators don’t block the way.