Dalio Warns of AI Bubble, Hormuz Attacks Lift Oil
Billionaire Ray Dalio warned that artificial intelligence is a “classic bubble” that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash. A rally in stocks came to a halt and global bonds fell as mounting attacks on tankers in the Middle East pushed oil prices higher. Futures for the S&P 500 stood pat after the index hit a record high in the previous…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
