Wall Street’s Tech Selloff Goes Global
6/23/202616 min
A.M. Edition for June 23. Monday's tech-driven market slide is accelerating, prompted by concerns around Big Tech’s AI spending plans and looming rate hikes. Plus, the Pentagon tries to drum up support on Capitol Hill for $80 billion more to fund the Iran war. And just a year after nine-figure compensation packages seemed to be fading, our annual CEO pay ranking shows the $100-million-plus salary is back with a bang. Luke Vargas hosts.
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Transcript preview
First 90 secondsSpeaker 10:00
This podcast is sponsored by Comcast Business. When business leaders struggle to get measurable value out of artificial intelligence, it's often because they're operating AI on top of disjointed architectures, says Amit Verma, Chief Technology Officer at Comcast Business.
Amit Verma0:13
That's why we make sure AI works with a connectivity fabric that permanently links people, applications, data, and machines everywhere and all the time.
Speaker 10:23
That's continuous intelligence. Later, he'll explain why it can bring cohesion to AI deployments.
Luke Vargas· Host0:28
[upbeat music] The Pentagon tries to drum up support on Capitol Hill for eighty billion dollars more to fund the Iran war. Plus, say hello to nine-figure pay packages as CEO compensation soars.
Theo Francis0:46
There were more CEOs making over a hundred million dollars than any time since twenty twenty-one. Almost a dozen CEOs were over two hundred million.
Luke Vargas· Host0:56
And to build more homes in the U.S., do we need to rethink how they're built? It's Tuesday, June twenty-third. I'm Luke Vargas for the Wall Street Journal, and here is the a.m. edition of What's News, the top headlines and business stories moving your world today. [upbeat music] We begin with a tech-fueled market sell-off that's extending into a second day and spreading overseas. Investors concerned about the cost of AI are taking stock while also weighing the continued downturn in