Jeff Bezos tells retirees to skip AI stocks and buy the S&P 500 instead, but a closer look at where that index actually puts your money reveals a surprise even Bezos seems to have missed.
Artificial intelligence has become Wall Street’s favorite investment theme, helping push stocks to record highs while raising concerns about how long the boom can last.
By STAN CHOE, AP Business Writer
NEW YORK (AP) — A potentially historic drop for Alphabet’s stock is dragging the U.S. market lower Thursday after the company behind Google and YouTube reported weaker growth for the summer than analysts expected. The report raised worries about whether all its huge investments in artificial-intelligence technology will pay off.
» Read more about: A potentially historic drop for Alphabet’s stock drags the US market lower »
Economic data: PCE price index, month-on-month, September (+0.5% expected, +0.3% prior); Core PCE price index, month-on-month, September (+0.3% expected, +0.2% prior); PCE price index, year-on-year, September (+3.6% expected, +3.4% prior); Core PCE price index, year-on-year, September (+3.1% expected, +3% prior); Personal income, September (+0.3% expected, +0.2% prior); Personal spending, September (+0.6% expected,
Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) doesn’t pay a dividend, and new CEO Greg Abel isn’t changing that. In his first shareholder letter, Greg Abel wrote that Berkshire won’t pay one as long as each retained dollar is likely to create more than a dollar of market value for shareholders. It’s the strategy that Warren Buffett employed when he was CEO.
Energy headlines today focus on rising oil costs for Europe, with the EU paying about €10b more each month for petroleum imports. Expensive fossil fuels increase the appeal of power sources that do not rely on overseas crude. That is where listed companies tied to solar, wind, hydro and tidal projects come in.
» Read more about: Clearway Energy And 2 Clean Energy Stocks To Watch »
In the October 28th market, the strength of AI-related stocks continues to stand out.
The NASDAQ rose 1.18% and the SOX index rose 3.6%, with semiconductor stocks leading the gains and supporting the overall US stock market.
Meanwhile, crude oil fell for the second consecutive day on expectations of easing tensions in the Middle East.
Gold’s spot price — or its current trading value — today as of 9:00 a.m. ET is $4,020.46 per ounce, according to CNBC’s Gold/ US Dollar Spot Price. That’s slightly lower than Wednesday’s price, when it traded at $4,053.16 per ounce at the same time.
» Read more about: The price of gold today, Oct. 29, 2026 — and the best places to buy »
If someone were to offer you the option to start getting monthly checks now versus in the future, would you be inclined to wait if holding off meant receiving larger payments? Maybe you’d sit tight. Or maybe you’d take the money immediately because you just plain want it now.
Such is the dilemma all Social Security claimants face.
» Read more about: The Double Whammy Retirees Who Claim Social Security at 62 Face »
We’re now just six years away from a possible 23% Social Security benefit cut, unless the government acts to save it. That’s an alarming statistic, but it’s also a bit abstract. It doesn’t give you a clear idea of how a cut like this would specifically affect your finances.
Here’s a closer look at how this change could affect the average Social Security benefit,
» Read more about: How a 23% Social Security benefit cut would affect the average check »
The Dow Jones (^DJI) is made up of 30 of the most established and influential companies in the market. But even blue-chip stocks can struggle – some are dealing with slowing growth, outdated business models,
» Read more about: 3 Dow Jones stocks with questionable fundamentals »