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SoftBank CEO offers stinging critique of Musk’s AI bet

SoftBank Group (SFTBY) chief executive Masayoshi Son told shareholders this week that Elon Musk’s plan to build data centers in orbit is a losing bet, Fortune reported. Son, who has committed billions to on-the-ground AI infrastructure, framed the dispute as a question of timing and cost, not of engineering capability. The 68-year-old investor, whose company

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Gold’s rebound has a problem. Here’s what happens next 

Gold finally mounted a comeback on Friday, June 26, but the rebound didn’t erase the bigger warning in the market. Spot gold rose 1.2% to $4,073.78 an ounce, while August U.S. gold futures climbed 1.2% to $4,096.30, according to CNBC.  The move came just as the dollar eased off from recent highs following Thursday’s Personal

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SpaceX gets brutal verdict from legendary Wall Street investor

The bearish case for SpaceX is no longer coming from just one corner of Wall Street. I’ve now heard concerns from traders, investors, and market veterans. Previously, I have covered the former Nasdaq CEO’s lockup warning, Jim Cramer’s verdict that it “couldn’t sustain the walk-up,” and Doug Kass’s short thesis. Michael Burry also studied the

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