A senior Wall Street strategist is making one of the boldest market calls of the year, predicting the S&P 500 will shatter 8,000 before 2026 expires. In a new Schwab Network interview, Jim Thorne, chief market strategist at Wellington Altus Private Wealth, says the signal to go risk-on has already fired, and that investors who miss what comes next will find it difficult to catch up. “When the yield on the 10-year failed to breach 4.50% and started to reverse, that was the signal to go risk on. So that was late March. We’re going to 8,000 by the end…
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.
A New York Stock Exchange-listed Asian food company is building one of the most sophisticated corporate Bitcoin (BTC) treasury operations in the world. In a new Letter to Shareholders, DDC Enterprise (DDC) CEO Norma Chu says the company has evolved beyond its origins as a food platform. “DDC is a global Asian food platform with a world-class Bitcoin treasury and, as of this week, an AI infrastructure to manage it at institutional scale. That is not a pivot. It is an evolution — deliberate, disciplined, and still just beginning.” According to Chu, DDC now holds 2,383 BTC, worth about $182…
A senior strategist at HSBC says investors who are fixating on geopolitical developments are focusing on the wrong thing, and that the next two to three weeks will be defined by earnings reports coming from one sector. In a new CNBC interview, HSBC chief multi-asset strategist Max Kettner says that tech and Mag 7 earnings are the only catalyst that matters for the S&P 500 right now, and that he expects them to deliver. “The much more important thing right now is the outlook for tech, the outlook for AI. That’s almost 50% of the market cap of the S&P.…
Anthropic’s newly developed AI model, flagged for its potential cyber risks, has been accessed by unauthorized entities even before its official rollout. A small group of unauthorized users gained access to Anthropic’s Mythos model on the same day the company announced plans to release it to select partners for testing, Bloomberg reports, citing a person close to the matter. According to the person, the group has been regularly using Mythos since then, corroborating the account with screenshots and a live demonstration of the model. Anthropic has called Mythos its “most powerful” AI model and has given the biggest firms in…
A new poll finds that workers are increasingly turning to AI to learn on the job, even when they don’t fully trust the results. A survey from the American College of Education, which polled 1,046 US workers, finds that AI tools are becoming a go-to source for answers. According to the survey, workers primarily rely on colleagues for answers to a question at 24%. But AI is now close behind at 23%, ahead of online search at 20% and well above managers at just 13%. The behavioral shift is happening despite clear concerns about accuracy. “65% of workers worry AI…
SpaceX has struck a landmark agreement with the AI coding platform Cursor that includes an option to acquire the company for tens of billions of dollars later this year. In a new X post, SpaceX says it is teaming up with Cursor in an effort to create the world’s best coding and knowledge work AI. “The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.” SpaceX also says the partnership includes a potential acquisition. “Cursor has also given SpaceX the right…
AI companies are now paying tens of thousands of dollars to buy the internal data of shuttered startups, raising major privacy concerns. Firms like SimpleClosure are helping defunct companies sell off assets, including codebases, Slack messages and email archives to buyers building AI systems, Forbes reports. CEO Dori Yona says inbound interest from AI companies has been overwhelming, driven by a race for high-quality data to train AI systems. “There’s a feeling of a gold rush from these companies trying to get their hands on real-world data.” Yona says SimpleClosure has processed nearly 100 such deals over the past year,…
Amazon and Anthropic are announcing one of the largest AI infrastructure partnerships ever struck, locking in a decade of mutual commitment to building and deploying frontier AI. Both Amazon and Anthropic announce the two-part mega deal that could be worth up to $125 billion in separate press releases. Amazon is committing $5 billion to the Claude maker today, with the potential to invest up to an additional $20 billion, if Anthropic hits certain commercial milestones. The latest financial commitments are separate from Amazon’s previous $8 billion investment in Anthropic. In return, Anthropic is committing to spend more than $100 billion…
A Hong Kong woman lost nearly $1 million after being pulled into a fake AI-powered crypto investment scheme that promised steady returns. Cybersecurity firm Bitdefender says the victim was targeted through Telegram by scammers posing as investment experts offering access to an automated trading strategy. According to Bitdefender, the scammers lured the woman to invest by pitching AI-powered trading that comes with low risk and consistent profits. The firm says the victim was directed to a platform that appeared legitimate, with real-time charts and growing profits designed to build trust. Convinced that the operation offered a real investment opportunity, Bitdefender…
A chaired professor of behavioral science, economics, and applied AI at the University of Chicago Booth School of Business says the conventional wisdom about which jobs will survive the AI revolution is wrong, and that the real winners will be found far from the technology sector. In a new essay posted on Substack, Alex O. Imas says he believes AI will not destroy jobs but instead trigger a structural shift in the economy that has happened before, first in agriculture and then manufacturing. “Agricultural production boomed and prices fell. But because people can only eat so much, the share of…