Ahead of Nvidia's earnings this week, we look at whether the tech rally is starting to fade,
plus how banks and Eric Trump helped to drive the first family's rapid entry into the cryptocurrency business.
The Trump family's crypto empire is really expanding at a rapid pace and it seems like every couple of months there is a new project on the horizon.
And Keurig Dr. Pepper says it's spinning off its coffee and soda businesses after snapping up a rival.
It's Monday, August the 25th.
I'm Azhar Sukri for The Wall Street Journal.
Here is the AM edition of What's News,
the top headlines and business stories moving your world today.
After Federal Reserve Chair Jerome Powell opened the door for rate cuts in September on Friday,
sparking a rally that boosted sectors including real estate,
banks and manufacturers, investors are wondering what's next for the tech rally,
which has been showing signs of losing steam.
Wall Street's most popular stocks, the magnificent seven tech giants,
have been hit recently by questions about the potential for AI,
concerns about their increasingly stretched valuations, and competition from other market sectors.
Journal European finance editor Alex Frangos says the data shows how individual investors,
often the most enthusiastic fans of tech firms, have grown more cautious.
Individual investors did really well in the kind of trade war panic.
They stuck to their guns and rode the, you know, a lot of these mag seven stocks higher, you know,
and now some of them are getting excited about non AI parts of the economy that are doing really well in an environment where,