Is the rebound fading? Goldman Sachs: Hedge funds are selling stocks at the fastest pace in more than two years.

In August, 'smart money' is selling global equities at the fastest pace since March 2022, with the most net selling in North America. Hedge funds are skeptical of the sustainability of the stock market rebound, and geopolitical concerns continue to be worrying. The 'fly' of the economic situation may soon hit the glass windshield.

wallstreetcn33minutes ago

S&P 500, Dow Jump After Jerome Powell Signals Rate Cuts: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone

Benzinga44minutes ago

Tesla Engineer Says Enabling Cybertruck Owners To Use Power Outlets Onboard When Supercharging Will Be Difficult: Here's Why

Benzinga02:27 ET

Vanguard Group warns: US technology stocks are seriously overvalued, people are too optimistic about the prospects of AI.

① Chief Economist of Pioneer Group wrote in the report that the market's expectations for artificial intelligence technology seem to be somewhat excessive. ② He warned that Wall Street's optimism about the economic growth and corporate profit increase brought by artificial intelligence technology has led to overvaluation of US technology stocks.

cls.cn23:47 ET

Rivian, a strong rival of Tesla, experienced a fire at its factory, resulting in damage to multiple electric vehicles.

①Rivian said on Sunday that a fire broke out in the parking lot of the company's manufacturing plant in Normal, Illinois, damaging multiple electric cars on Saturday night; ②A company spokesperson told the media that there are currently no reports of casualties, and the cause of the fire is under investigation; ③The fire occurred in a parking lot on the north side of the plant, and the assembly plant was not affected.

cls.cn21:42 ET

An Apple/Tesla Robot War? Gurman Says Cupertino Is Making A Big Push Into Robotics

Benzinga21:22 ET