Big Short investor Steve Eisman warns that the stress in one credit market poses a greater risk to economic growth than geopolitical conflict. In a new CNBC interview, Eisman says the private credit market is facing rising redemption pressures as retail investors rush to withdraw funds. He specifically mentions Blue Owl Capital, a private lender that recently teamed up with Meta to build a $27 billion AI data center. “So just for your viewers, Blue Owl’s flagship fund had a 22% redemption notice. And they have a smaller fund that’s about only $3.3 billion, but it’s totally devoted to tech…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Wall Street veteran Ed Yardeni says the S&P 500 has printed a market bottom after grinding down for weeks, even amid lingering geopolitical risks. In a new CNBC interview, the Yardeni Research president says he believes the stock market has bottomed out on Monday, after falling to a low of 6,316. “But basically, I’ve stuck with my 7,700 S&P 500 by the end of the year. And I had been thinking that we could get a 10 to 15% correction. The S&P 500 dropped 9%. But there’s an exit ramp. That’s what the markets were looking for. They, at first,…
OpenAI says the next phase of ChatGPT is a unified application that combines into one interface for a more integrated AI experience. Speaking in an interview with Alex Kantrowitz, OpenAI president Greg Brockman says OpenAI is working toward a super app, where ChatGPT evolves into a personal assistant with multiple capabilities. “So the way I think about the super app is, so it’s going to bring together coding, a browser and ChatGPT. That’s right. So what we want is to build an endpoint application for you that really lets you experience the power of AGI, so the generality. So you…
Microsoft says it is now in a “dog fight,” as it witnesses a slow pace of adoption for its AI workplace tool Copilot. The tech titan is pivoting its Copilot strategy toward paid subscriptions after investor concerns over weak conversion rates, Bloomberg reports. The change follows internal discussions about sales performance and market expectations. Microsoft previously emphasized broad, free adoption of Copilot across its Office ecosystem. But leadership is now prioritizing revenue generation, focusing on converting enterprise users into paying customers. The urgency reflects a gap between usage and monetization, as Microsoft disclosed earlier this year that only about 3%…
Artificial intelligence is now emerging as a leading driver of layoffs across the US workforce, according to Challenger, Gray & Christmas. New data from the outplacement services firm shows employers announced 60,620 job cuts in March, a 25% increase from February. According to Challenger, AI accounted for the largest share of those reductions. Companies cited artificial intelligence as the reason behind 15,341 layoffs, representing 25% of all announced cuts during the month, ahead of closures, restructuring and broader economic conditions. The firm also notes that the trend is particularly visible in the technology sector, where companies announced 18,720 job cuts…
A top strategist at JPMorgan says fresh fiscal support may be on the horizon as policymakers look to strengthen economic conditions ahead of the midterm election. Speaking in a CNBC interview, David Kelly, chief global strategist at JPMorgan Asset Management, says he expects some form of stimulus tied to tariffs to be introduced in the coming months. He says the possibility of direct payments is designed to boost economic activity. “But remember, we could also get some further stimulus checks. We talked about tariff rebate checks. Now, the tariffs have gone or are lower than they were, but I still…
Goldman Sachs says AI-driven energy demand is in the midst of a sharp rise and is now impacting both power consumption and labor markets. In a new podcast series about the rise of AI, Goldman Sachs Research’s Brian Singer says the bank has significantly raised its outlook for data center electricity usage. According to Singer, the energy needs of the AI boom are equivalent to adding a major country to power consumption. “We are now assuming about 220% global growth in global AI and broader non-AI data center power demand, 2030 versus 2023. We were at 175% before. To put…
Citi believes the S&P 500 can rise nearly 20% from current levels before the year expires, but not before going through a tumultuous period this month. In a new CNBC interview, Citi US equity strategist Scott Chronert says the bank is holding its year-end target for the S&P 500 even as volatility increases amid an onslaught of negative news. “We haven’t backed off on our year-end target, which is 7,700 for the end of the year. A lot has changed in the past three months since we put that out there, whether it’s the Iran conflict, whether it’s AI disruption, whether…
JPMorgan Chase is recommending a new defensive playbook for investors as markets grapple with volatile oil prices. In a new report, JPMorgan says investors are flocking to the old inflation playbook of buying energy and consumer staples in times of geopolitical risk. The bank says the “tried-and-tested” path is becoming increasingly outdated as the play is largely dependent on the continuation of hostilities. “Whereas energy and consumer staples stocks benefit from the perceived risk of inflation, they are also directly exposed to the conflict in Iran through commodity prices or input costs, respectively. That distinction matters if tensions with Iran…
The founder of the technical analysis research firm Fairlead Strategies says Meta (META) and Nvidia (NVDA) now look weak after breaking crucial levels. In a new Schwab Network interview, Katie Stockton says the recent S&P 500 surge looks more like a relief rally rather than the start of a new uptrend. According to the veteran analyst, the firm’s indicators suggest the market is likely due for a fresh leg down. “Well, certainly a nice oversold bounce is underway, and that’s welcome because of the declines that preceded it. Just a couple of days ago at the low, the S&P 500…