Top economist Mark Zandi warns the record-high stock market is detached from economic reality Stocks just had their best month since 2020, but Moody's top economist Mark Zandi says that's at odds with the fragility of the US economy. Here's what the next phase of the Iran war oil crisis could look like Oil prices could top financial crisis highs above $150 a barrel, HFI Research said, as the market grapples with panic buying and supply hoarding. Qualcomm stock surges 20% after earnings tease a mystery chip deal Qualcomm stock surged after the company announced deal with a top hyperscaler customer, helping investors look past an otherwise lackluster earnings report. Big Tech's AI spending is the 'greatest capital misallocation in history,' AI researcher says AI Gary Marcus took this week's earnings deluge as an opportunity to take aim at the top AI spenders, warning of low returns on AI capex. 4 charts show how war is throttling Iran's economy The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran's oil sales and cut the nation off from imports. Top Market Caps

Here are the stock market's winners and losers of Big Tech's most critical earnings stretch Apple, Meta, Alphabet, Amazon, and Microsoft all reported earnings. Here's what drove the reaction from investors after the results. Billionaire hedge fund investor Paul Tudor Jones says this is where he's eyeing his next big bet in markets Paul Tudor Jones says his investing career has been like a boxing match, and he's looking to land a blow in this part of the market next. An overlooked Iran-war price shock could send consumer prices soaring, Goldman warns Goldman Sachs warns that investors are overlooking an impactful war-driven price shock that could send consumer goods soaring. Bill Ackman's IPO was a day-one flop Bill Ackman's Pershing Square USA dropped sharply in its first day of trading, closing the session down by 18%. Here's when BofA says you should buy and sell stocks to take advantage of seasonal swings this year Bank of America says it's a better idea for investors to sell stocks in August, right before the weakest three-month stretch of the year. Biggest Gainers