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This week, volatility took hold of the AI trade as bubble fears continued to rise and Nvidia’s blowout earnings failed to steady the market. “Unless you’re the most optimistic person on the planet … you know you’re in a bubble, right?” Dan Niles, founder of Niles Investment Management, told CNBC’s Deirdre Bosa. “There is no question you’re in a bubble.” Industry insiders raise AI bubble alarmsIndustry insiders are also beginning to raise the alarm, with Alphabet CEO Sundar Pichai warning of an overrun.”Given the potential of this technology, the excitement is very rational. It’s also true when we go through these…

HALIFAX, Nova Scotia (AP) — American senators panned a U.S. peace proposal on Ukraine at an international security conference Saturday, with one calling it one of the most serious geopolitical mistakes of his lifetime.The 28-point peace plan was crafted by U.S. President Donald Trump’s administration and the Kremlin without Ukraine’s involvement. It acquiesces to many Russian demands that Ukrainian President Volodymyr Zelenskyy has categorically rejected on dozens of occasions, including giving up large pieces of territory.“You think Xi Jinping is paying attention to this? You think Kim Jong Un is paying attention? I mean, this is one of the most…

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Just one week after Berkshire Hathaway’s revelation last Friday that it purchased 17.8 million Class A shares of Google’s parent, Alphabet, in the third quarter (July-September), that position has increased in market value by $415 million to almost $5.35 billion.GOOGL gained 8.4% this week while its biggest tech rivals fell significantly as Nvidia’s strong earnings failed to overcome fears of an “AI bubble.”Zoom In IconArrows pointing outwardsAlphabet shares started the week with a 3.1% boost on Monday,…

Paul Costelloe, the Irish-American designer who dressed the late Princess Diana and became a stalwart of the London fashion scene, has died, his company confirmed. He was 80.In addition to creating evening wear and other designs for Diana, Costelloe established a fashion house that celebrated luxurious fabrics and creativity. He worked in central London and with a family-owned manufacturing site in the Ancona region of central Italy.“We are deeply saddened to announce the passing of Paul Costelloe following a short illness,’’ his label said in a statement on Saturday. “He was surrounded by his wife and seven children and passed…

Southampton continued their excellent form under interim manager Tonda Eckert as they thrashed Charlton 5-1 at The Valley.Finn Azaz collected a first-half brace with Ryan Manning, Adam Armstrong and Casper Jander also scoring in a dream opening 45 minutes for the Saints, who have won all three matches since the German coach replaced Will Still earlier this month. It ensured a miserable afternoon for Addicks boss Nathan Jones, facing his former club for the first time since they sacked him after a 95-day spell in charge in February 2023. Charlton’s defensive strength has been a big factor in their impressive…

Championship leaders Coventry came from two goals behind to beat 10-man West Brom 3-2 in a thriller at the CBS Arena.Aune Heggebo’s brace put the visitors two goals ahead but Josh Eccles halved the deficit before the break. And after Jayson Molumby had been sent off four minutes into the second half, Ellis Simms and Victor Torp were on target to make it nine wins in 10 for Frank Lampard’s side. Heggebo opened the scoring after nine minutes when Mikey Johnston dispossessed Jay Dasilva before picking out the Norwegian to sweep home. The forward almost had a second five minutes…

First-half goals from Rob Dickie and Emil Riis set Bristol City on course for an emphatic 3-0 Championship victory over Swansea City at Ashton Gate.Skipper Dickie headed the home side in front from Anis Mehmeti’s fourth-minute corner to the near post, and Riis doubled the advantage with a far-post volley from another Mehmeti cross on 31 minutes. Substitute Yu Hirakawa broke clear through the middle to complete the scoring with a low right-footed shot on 82 minutes, leaving Swansea, watched by incoming new boss Vitor Matos, with nothing to show for a spirited display. Bristol City made two changes from…

Chelsea moved second in the Premier League and three points behind leaders Arsenal with a 2-0 win at lowly Burnley thanks to goals from Pedro Neto and Enzo Fernandez.Neto’s 37th-minute opener was the only moment of real quality in the first half as Jamie Gittens’ excellent cross to the far post found Neto, who headed superbly back across goal and into the net. Fernandez then made sure of Chelsea’s third straight league win in the 88th minute with a powerful close-range finish after fine work by substitute Marc Guiu to set him up. Player ratings Burnley: Dubravka (6); Walker (6),…

PARIS (AP) — Thousands of people marched Saturday in the French southern port city of Marseille to denounce drug trafficking after the killing last week of an activist’s brother shocked the country.Mehdi Kessaci, 20, was killed in Marseille last week in a shooting officials have described as ordered by drugs criminals to frighten or punish his older brother, Amine, a prominent anti-drugs activist.An estimated 6,000 people, many dressed in white, gathered behind a “Justice for Mehdi” banner, observing a minute of silence and later raising hands in a sign of rejection of drug violence. Some politicians from across the political…

Three years since the arrival of OpenAI’s ChatGPT, more devices featuring generative AI technology have hit the market in time for the 2025 holiday shopping season, with many offering deals for Black Friday.Shoppers can pick from more advanced smart glasses, smart speakers with genAI and a pendant AI friend that acts as a confidant.These latest gizmos come from megacaps like Amazon, Alphabet and Meta and smaller players like Friend and Plaud.Despite the arrival of this new wave of products, reviews for many of the devices are mixed, and nothing has separated itself as a clear leader of the pack.That’s in…