AI has taken over the stock market. The bond market is next

AI-linked stocks bounced back on Monday after a bruising selloff last week, as lower Treasury yields and easing crude oil prices offered some relief, while neocloud firm CoreWeave surged following a rating upgrade. CoreWeave CRWV-Q jumped 3.4 per cent after losing more than a quarter of its value last week, when worries over the cloud-computing company’s US$50-billion debt load rippled across the AI sector. Goldman Sachs upgraded CoreWeave to “buy” from “neutral,” saying tight computing capacity and the company’s performance advantage over rival neocloud firms should lift annual recurring revenue per megawatt over the next two years. The brokerage said it viewed the recent pullback as a buying opportunity. The yield on CoreWeave’s bond maturing in 2031 fell 25 basis points to around 15 per cent, easing from more than 16 per cent last week, according to Tradeweb data. Neocloud rival Nebius Group NBIS-Q rose 4.5 per cent after losing more than 31 per cent over the past two weeks. Data-center operators Applied Digital APLD-Q and IREN IREN-Q climbed 9 per cent and 5.7 per cent, respectively.

True financial wisdom requires stepping back from headline news to balance the genuine risks with your own long-term perspective.

Four in 10 home builders are cutting prices to boost demand, even as they face rising construction costs.

Individual investors and second-home buyers accounted for 1 in 5 home purchases in September — the highest share in a little over a year.

Crypto investors who failed to report trades in previous years may soon breathe a sigh of relief thanks to legislation currently advancing in the US Congress. Section 502 of the Digital Asset Tax Certainty Act, H. R. 10357, would require the Treasury secretary to establish a Digital Asset Voluntary Disclosure Program within 12 months of the bill becoming law. That would allow eligible taxpayers to correct any past digital asset tax violation by filing amended returns and paying the tax owed, along with interest and a program penalty. The House Ways and Means Committee approved the bill by a 38-5 vote on Sept. 16, but it has not become law yet; it still has to pass the House and Senate and be signed by the president. “It’s a big change that would help a lot of ordinary taxpayers, and it has gotten very little attention,” Andrew Gordon, executive director of Digital Asset Tax Action, tells Magazine. A gap in the systemCrypto investors in the US are already grappling with the first filing season under the new 1099-DA broker reporting rules, which give the IRS greater visibility into crypto transactions.