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This is an abridged transcript of the podcast:
Our top story so far, Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner,
After 15 years leading Apple to become a moneymaking behemoth worth nearly $5 trillion, Tim Cook bid adieu to Wall Street on Thursday.
“I just wanted to take a moment to say thank you to all of you,” Mr. Cook said in a call with analysts and investors after Apple reported quarterly financial results.
» Read more about: Apple’s Profit Increases 27 Percent, Topping Wall Street Expectations »
Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City.
Michael M. Santiago | Getty Images
Nasdaq futures edged higher in overnight trading as Wall Street staged a sharp rebound,
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending.
Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops.
» Read more about: Apple and Amazon report rising revenues as investors turn on some tech stocks »
I still have the slide from 25 years ago: “Imagine purchasing a cost-efficient, diversified portfolio in one simple transaction,” it reads.
The year was 2001 and State Street was launching two ETFs, one tracking the S&P/ASX 200 index and the other the S&P/ASX 50 – the first ETFs listed on the Australian Securities Exchange.
» Read more about: Two myths about ETFs, from someone who launched the ASX’s first »
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What sector has driven much of the U.S.
For most people, the annual required minimum distributions (RMDs) that become mandatory at age 73 aren’t a huge deal. They’re already withdrawing money from their savings to cover their living costs, so they fulfill their RMDs without giving it much thought.
However, if you have a lot of savings, RMDs might force you to withdraw more money from your retirement accounts than you wanted to.
» Read more about: How RMDs could cost you Social Security benefits »
There’s a reason so many seniors are tempted to claim Social Security at 62. That’s the earliest age you can get retirement benefits.
But there’s a catch. If you want those monthly checks without a reduction, you’ll have to wait until full retirement age (FRA) arrives to sign up for Social Security.
» Read more about: Don’t Claim Social Security at 62 Unless You Know This Number »
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Corporate America is delivering another quarter that reinforces why the stock market continues to hover near record highs. With second-quarter earnings season now well underway, companies have once again cleared Wall Street’s expectations by a wide margin. Artificial intelligence spending is translating into real revenue growth for many businesses,
» Read more about: The S&P 500 Is On Track to Post Record Q2 Profits — But There’s a Catch »
