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U.S. stocks plunged Thursday as investors dumped AI stocks, but market experts say Wall Street's concerns go beyond a single bad day.
Behind the rout are growing concerns about the massive spending and borrowing fueling the AI boom and whether those investments will pay off.
"Debt," Paul Mueller, an economist with the American Institute for Economic Research, said when asked what Wall Street is most worried about when it comes to AI.
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EToro analyst Jakub Rochlitz says the market was just waiting for a spark. "It seems that the mix of the election result and some disappointing tech earnings results was enough to tip markets over the edge. We are likely seeing a large number of crowded and leveraged trades unwind," he said.
Despite the plunge, Patti calls this "a valuation and sentiment reset, not a change in fundamentals." He says data center capacity will relocate to areas with more available electricity and fewer permitting hurdles rather than disappear.
Full story here foxbusiness.com/markets/what…
The Dow plunged more than 1,800 points on Thursday as tech and semiconductor stocks took heavy losses, and financial experts are warning Americans not to panic over their 401(k) balances.
The impact depends on how retirement savings are allocated and how close workers are to retirement.
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White says the key for Americans approaching retirement is maintaining enough cash and conservative investments to cover near-term withdrawals, so they aren't forced to sell stocks at the worst possible time.
"Your retirement date shouldn't dictate whether you panic. It should dictate how you've prepared," he told FOX Business. "A well-constructed retirement portfolio should anticipate market declines, not require a complete overhaul every time they occur."
Frame Wealth's Jay Duffy says investors should consider rebalancing if their portfolios no longer match their risk tolerance or retirement timeline, rather than automatically selling or doing nothing.
"Don't make permanent financial decisions based on temporary market emotions," he said.
Full story here foxbusiness.com/economy/wall…
FOX Corporation is partnering with U.S.VETS for the "Make Camo Your Cause" campaign for the sixth straight year to help end veteran homelessness. foxnews.com/media/fox-usvets…
Florida and Texas may be popular retirement destinations, but a small Michigan city is taking the top spot.
Midland, Michigan, ranks No. 1 on U.S. News & World Report’s list of the best places to retire in 2027, with a median home value of $206,176, far below the national average of nearly $360,000.
The rankings consider factors including housing affordability, health care and quality of life. But housing prices tell only part of the story.
See which 10 communities make the list, including one where median home values are barely above $115,000: foxbusiness.com/lifestyle/be…
BREAKING: More than 1.800 points are wiped off the Dow as Wall Street reels from a massive technology sell-off following Democrats’ midterm election sweep.
The Nasdaq sank 5.52% into correction territory, while Nvidia sank 9% and Tesla tumbled more than 10%.
The sharp downturn comes one day after markets rallied following the election, as investors weigh concerns that tougher Democratic policies on AI and data center development could disrupt the industry’s growth.
See why one analyst says the market is rapidly rewriting its expectations for the AI industry:
foxbusiness.com/markets/stoc…
McDonald's is currently testing new value menu offerings with an eye toward launching a new national value menu program in early 2027.
The fast-food giant has sought to counter slowing traffic in the U.S., as the company's quarterly earnings release on Wednesday revealed comparable sales in the U.S. declined 0.2% in the third quarter.
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Full story here foxbusiness.com/markets/mcdo…
The Treasury Department and Internal Revenue Service announced Thursday the designation of 6,576 Opportunity Zones nationwide – including in all 50 states, U.S. territories and Washington, D.C. – opening a new 10-year window for private investment in economically distressed communities.
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Full story here foxbusiness.com/economy/trea…
CVS announces major breakup, pharmacy expert weighs impact on consumers foxbusiness.com/retail/cvs-a…
France blood bank cyberattack targets refrigeration systems as European supermarkets hit foxbusiness.com/technology/f…
Powerball's massive $847M jackpot won by lucky ticket holder in New Jersey foxbusiness.com/lifestyle/po…
Caitlin Clark becomes first-ever brand partner for Dick's Sporting Goods and Foot Locker foxbusiness.com/sports/caitl…
Business leaders, investors weigh impact of Democrats’ midterm sweep on markets, AI and travel foxbusiness.com/politics/bus…
Private sector added 86,000 jobs in October, above expectations, ADP says foxbusiness.com/economy/priv…
