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financeSunday, August 9, 2026

BofA warns on Magnificent Seven AI spending

Today's finance news is split between crypto chaos and old-economy warnings. Bank of America flags a credit-market risk for the AI trade, while crypto sees fraud, hacks, and a founder cashing out before a collapse. The through-line: leverage, whether in tech stocks or bitcoin, is getting tested.

Sources
+7

AI trade under pressure

The AI trade's biggest names are starting to show cracks, from credit warnings to delivery gaps.

Crypto's dark side

Crypto's growth comes with a parade of scams and security failures, from NFT fraud to Lightning hacks.

Also today14

More roundups that day