Magnificent Seven Now Make Up a Record 38% of the S&P 500’s Market Cap
The Magnificent Seven now make up a record 38% of the S&P 500, marking the highest market concentration in the index’s history.
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The Magnificent Seven now make up a record 38% of the S&P 500, marking the highest market concentration in the index’s history.
Amazon’s biggest-ever layoffs cut thousands of engineers, signaling a shift to leaner, AI-focused operations across its core businesses.
Michael Burry’s $1B short and broad tech drawdowns highlight fading confidence in high-valuation AI leaders.
Kalshi raises $1 billion, pushing the prediction-market platform’s valuation to $11 billion.
Bitcoin briefly plunged to $82,000, triggering about $300 million in liquidations in just 15 minutes.
U.S. markets lost $1 trillion as major indexes hit September lows, while crypto shed another $120 billion in 24 hours.
Alphabet overtakes Microsoft with a $3.68T valuation as Gemini 3 momentum and Buffett’s buying drive strong investor demand.
MicroStrategy’s stock slides 40% in a month as a further 15% Bitcoin drop could push its massive holdings into loss.
Nasdaq 100 futures rise 2% as a higher unemployment rate boosts expectations of a more cautious Fed.
Shanghai now has an ATM that melts gold and transfers funds to bank accounts within 30 minutes.