Andrew Ross Sorkin announces the 25th anniversary DealBook Summit lineup for Nov. 18 at Jazz at Lincoln Center in New York City. The summit features interviews with major newsmakers across business, politics and culture. This year's coverage highlights a mixed earnings season, with JPMorgan Chase and Wells Fargo missing revenue expectations and stock declines.
The IMF warns that Middle East conflict and AI boom could cause double-digit GDP declines in Iraq and Qatar while boosting growth in Taiwan and South Korea. Broadcom's Hock Tan sparked AI stock selloffs by calling AI investors 'casino gamblers,' sending Samsung Electronics shares down 7% and SK Hynix down 10%. U.S. home sales hit near-12-year lows as mortgage rates hit 7.4%. Meanwhile, the AI inference market is exploding, with demand projected to grow 36% annually through 2030, accounting for 42% of data center workloads.
Source: New York Times Business · Summarized by HeadlinesBriefing