A darkening picture for consumers and unusually high prices for tech shares suggest the market’s seemingly endless upswing may be coming to an end.

OpenAI, Anthropic, and SpaceX are pricing in a global AI economy that doesn't exist yet — and their durable money is in São Paulo and Addis Ababa.

A trio of highly anticipated stock debuts may squeeze out investor demand, analysts warned.

By Isabel Wang and Joy Wiltermuth