Longbridge Breakfast | Alphabet-C "AI Godfather" Resigns, Munger Says Golden Age of Investment is Over
Nine major technology companies' stocks contributed to an 80% increase in the S&P 500 index in 2023. The CEO of IBM stated that 30% of jobs will be replaced by AI and automation in the next five years, which means a reduction of approximately 7,800 jobs. The Apple Card savings account is now officially available with an annual interest rate of 4.15%, significantly higher than the industry average.
Good morning! A great day starts with making money.
Market Overview
US stock index futures fell 0.2% for the S&P 500
US stocks fell slightly, regional bank stocks suffered heavy losses again
Most popular Chinese stocks fell, Missfresh fell more than 27%
Top Stocks
Alphabet-C loses a powerful figure! "AI Godfather" leaves
Apple Card savings are hot, attracting nearly $1 billion in deposits in four days
Apple contributed 21% of the S&P 500's gains this year
IBM: Will suspend recruitment for jobs that can be done by AI
Morgan Stanley plans to lay off 3,000 people in the face of a sluggish trading environment
BlackBerry considers splitting its business, stock price rises nearly 9% after hours
FII threatens to withdraw capital! Lordstown Motors issues bankruptcy warning Chinese car makers' new force delivery volume in April is released
Berkshire Hathaway Shareholders' Meeting Preview
Macro and Strategy
Munger: The Golden Age of Investing is Over
Famous bear of Goldman Sachs: Hawkish Fed will curb US stock market rally
Yellen warns: The US may hit the debt ceiling as early as June 1
Musk warns of severe economic recession coming
