AI Stocks Plummet Amid Calls For Slowdown

Macklemore claimed Monday that billionaire New England Patriots owner Robert Kraft pioneered his removal from Ed Sheeran’s U.S. Loop Tour after the rapper made “free Palestine” remarks at two shows in New York this month. Learn more about your ad choices. Visit megaphone.fm/adchoices

Major pro sports teams have turned dozens of franchise owners into billionaires many times over in the last quarter-century, but nobody has made as much money from sports ownership as Stan Kroenke. The reclusive billionaire—who announced on Tuesday that he is buying a majority stake in the Los Angeles Angels from Arte Moreno, at a valuation of roughly $4 billion, according to a person with knowledge of the deal—made his fortune in real estate and stands as America’s largest private landowner, with some 2.7 million acres of ranches. But it is his sports team investments from the last three decades that now make up the majority of his estimated $27.6 billion net worth. Even before the Angels deal is complete, Kroenke’s stakes in the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, MLS’s Colorado Rapids, the Premier League’s Arsenal FC and the Women’s Super League’s Arsenal WFC are worth around $22 billion net of debt, according to Forbes estimates. By Hank Tucker, Staff Writer Learn more about your ad choices. Visit megaphone.fm/adchoices

Softbank’s shares fell more than 10% in Asia, leading a slump in major artificial intelligence-linked stocks across global markets on Monday amid growing calls for a development slowdown from leading labs like Anthropic and OpenAI amid warnings that rapid development of the technology may pose an existential threat to humans. Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire Elon Musk repeatedly attacked Alex Gibney, the director of the forthcoming documentary “Musk,” in posts on X this week, slamming him as a “horrible human” and a “bitter old man” while also reportedly threatening legal action. Read the full story on Forbes: http://forbes.com/sites/conormurray/2026/09/10/elon-musk-rages-against-musk-director-alex-gibney-lacks-any-integrity-whatsoever/ Learn more about your ad choices. Visit megaphone.fm/adchoices

These schools deliver the strongest financial return on investment thanks to graduates’ earnings and either relatively low costs or generous financial aid. Learn more about your ad choices. Visit megaphone.fm/adchoices

Amid geopolitical uncertainty, Singapore remains a beacon of stability. The city-state’s economy expanded 6.1% in the first half of 2026, reflecting robust manufacturing growth in electronics and precision engineering, driven by surging AI-related demand. While a total of 35 listees are wealthier than a year ago, the collective net worth of the country’s 50 richest was flat at $239 billion, impacted by a decline in tech-related fortunes. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the Dallas Cowboys valued at a record-breaking $17 billion, the league’s 32 franchises are now worth more than $300 billion combined—and recent stake sales signal there may be no limit on prices. Learn more about your ad choices. Visit megaphone.fm/adchoices

At his private golf courses, the president barrels through foursomes, knocks away putts and generally has the time of his life—with the government picking up the Secret Service’s hot-dog tab. Read more on Forbes: https://www.forbes.com/sites/danalexander/2026/09/07/hot-dog-heaven-inside-trumps-golf-getaways/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The inside story of the crazy, creative financing behind one of America’s best-selling wellness brands. Learn more about your ad choices. Visit megaphone.fm/adchoices

A little-known company called Fluidstack has become a test bed for Google’s plans to sell its own AI chip. That’s helped it hit a $18 billion valuation and minted its founders as new billionaires. Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2026/09/03/a-tiny-startup-helping-google-take-on-nvidia-is-now-worth-18-billion/ Learn more about your ad choices. Visit megaphone.fm/adchoices