Nonfiction book by Michael Lewis on the 2000s US housing bubble; basis for the 2015 film.
A wave of AI coverage shows leaders warn momentum is unstoppable while calling for cross‑industry safety checks. Musk predicts rapid gains and a future of abundance; others push for collaboration and stronger safeguards as deployment accelerates.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Berkshire Hathaway has reduced its cash pile to $365.5 billion and heavily increased stock buybacks and equity purchases in Q2 under new CEO Greg Abel, signaling a shift in capital allocation while Buffett remains involved as chairman.
The Edinburgh International Festival presents Sobelle’s Clown Show, a contemporary portrait of America as a falling-apart circus. The piece, commissioned by EIF, asks audiences to dream while tracing a nation’s fragility through circus imagery and live performance.
Anthropic and OpenAI are preparing for public markets, with valuations drawing scrutiny as investors weigh potential competition from cheaper Chinese models. Experts warn that a price war could threaten the AI boom, while a handful of financiers argue the sector remains heavily skewed toward a few players.
The 10-year Treasury yield has hovered around 4.96%, approaching the key 5% level. Analysts say a move above 5% could stem from resilient growth or emerging inflation risks, with implications for stocks, mortgages, and corporate debt. Market dynamics include supply-demand imbalances and potential pressure from fiscal deficits and oil prices.
Ben Affleck has discussed AI concepts and his filmmaking ventures on GQ and Bloomberg events, outlining how he has used AI to aid post-production and create datasets for ethical, artist-friendly tooling. He has sold InterPositive to Netflix for a substantial sum and says AI will help, not replace, artists.