Andrew Ross SorkinIn a dramatic shift on Wednesday, traders sharply cut the probability that the U.S. Supreme Court will support former President Donald Trump’s sweeping tariff strategy, after several justices openly questioned…
Andrew Ross SorkinAsset managers in the U.S. are increasingly converting mutual funds into ETFs, responding to rising investor demands. This shift, marked by a record inflow of $1.1 trillion into ETFs in 2024, underscores their advantages like tax efficiency and lower fees. Despite mutual funds’ historical dominance, ETFs are gaining popularity by offering accessible investment options.
Andrew Ross SorkinOpenAI’s new AI browser signifies a pivotal moment in the competitive AI landscape, driving increased investments from tech giants. Analysts highlight potential GDP growth linked to AI, while advertising-driven platforms like Google, Meta, and Amazon adapt to emerging AI technologies. This transition may transform traditional business models, challenging existing advertising systems and necessitating innovative approaches in the digital economy.
Andrew Ross SorkinDoorDash’s third-quarter results showed weaker earnings than expected, leading to a 9% stock decline. Despite this, revenue surged to $3.45 billion, indicating strong consumer demand. The company plans significant investments in 2026 for product development, new technology, and a strategic acquisition of Deliveroo, aiming for long-term growth amidst near-term challenges.
Andrew Ross SorkinIn the New York City mayoral race, Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani have raised over $40 million, fueled by wealthy donors. Despite Mamdani leading in polls, the significant funding aims to thwart his Democratic socialist agenda. The dynamic reflects tensions between grassroots support and elite financial influence.
Andrew Ross SorkinDuring Palantir’s latest earnings call on Monday, CEO Alex Karp returned to one of his favorite topics—his critics. Known for his fiery rhetoric and unapologetic confidence, Karp took a victory…
Andrew Ross SorkinAt the Hong Kong FinTech Week, Standard Chartered CEO Bill Winters highlighted a future where most global transactions occur on a blockchain-based ledger. He emphasized the necessity for active experimentation in this area, as financial institutions rapidly adapt. Winters lauded Hong Kong’s leadership in regulatory frameworks supporting digital assets, signaling a transformative shift in finance.
Andrew Ross SorkinEther’s value fell sharply by 9%, dropping below the $3,600 support level after a major hack on the Balancer platform led to losses over $100 million. This decline is compounded by macroeconomic factors, including U.S. tariffs and Federal Reserve warnings, creating investor unease and affecting related stocks in the cryptocurrency market.
Andrew Ross SorkinAsset managers are increasingly converting mutual funds into ETFs, reflecting a major trend in the investment industry. In 2024, 56 mutual funds transitioned to ETFs. Investors favor ETFs for their tax efficiency, lower costs, and transparency. The SEC’s approval of ETF share classes may further reshape fund management, enhancing portfolio access and efficiency.
Andrew Ross SorkinRussian officials aim to strengthen ties with China following a recent meeting between U.S. President Trump and Chinese President Xi. A high-level Russian delegation, led by Prime Minister Mishustin, visited China to sign agreements across various sectors. Both nations reaffirmed their partnership, positioning it as a counterbalance to Western sanctions and isolation.
