Stock valuations — seen by many as flying too close to the sun — took a hit on Tuesday after a chorus of bank execs spoke up to throw their weight behind that view. Chief among them were Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon.

Wells Fargo said it thinks investors should be trimming exposure to tech stocks and adding to select areas of the market on down days.

Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has been the odd one out in the Magnificent Seven for a while. The stock didn’t make parabolic gains, whereas most other AI stocks were on a rally that was truly deserving of the “Magnificent” title.

Pretty much everyone on Wall Street is in for a sweet payday. But the threat of job cuts from AI looms, a new report predicts.

CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.

Shares in Europe and Asia have retreated following a broad decline on Wall Street spurred by selling of Big Tech shares.

JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.

Asia Pacific markets fell Wednesday, mirroring losses on Wall Street, which was pressured by declines in artificial intelligence-related names like Palantir. Australia's S&P/ASX 200 started the day down 0.19%. Japan's Nikkei 225 slid 0.25%, while the Topix lost 0.26%. South Korea's Kospi fell 1.9% and the small-cap Kosdaq shed 0.95%.

Pakistan’s crypto minister Bilal Bin Saqib gains global spotlight as The Wall Street Journal names him a key figure shaping the future of blockchain, AI, and digital finance.