The death toll from the earthquake in Morocco near the tourist hub of Marrakech has risen to over 1,000. The quake was the country’s most powerful in almost a century, with most of the damage occurring in small towns and villages dotting the High Atlas Mountains outside of Marrakesh and Taroudant. Morocco deployed the army to search for survivors.
But even Nvidia’s gains pale against those of VinFast Auto, the unprofitable EV maker that surged 504% in six days to a market value that was, at one point, greater than McDonald’s. It’s a story strikingly similar to those in the wildest moments of the early pandemic—think GameStop and AMC—and even after 11 interest-rate hikes by the Federal Reserve. It all suggests that the greater fool theory has now become a prominent, and perhaps permanent, feature of the investing landscape.
The heat has been a prominent feature of this year’s US Open, which enters its final rounds this weekend. Coco Gauff is playing No. 2 seed Aryna Sabalenka of Belarus in the women’s finals. At just 19, Gauff is making her second grand slam final appearance and is the youngest American player to reach the US Open’s last round since Serena Williams. On Sunday, Novak Djokovic, 36, will be playing for his 24th Grand Slam Singles Title after defeating America’s own Ben Shelton Friday in straight sets.