Oil prices caught between a $70 summer and growing surplus fears
(Bloomberg) — Oil traders are grappling with a tension — there’s a growing chorus of warnings about the…
Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data
(Bloomberg) — Federal Reserve Chair Jerome Powell and his colleagues will step into the central bank’s board room…
Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
(Bloomberg) — It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it’s just…
Stocks Close at Record as Alphabet Fuels AI Hopes: Markets Wrap
(Bloomberg) — Stocks closed at all-time highs as Alphabet Inc.’s results showed solid demand for artificial intelligence, bolstering…
US Treasuries Fall for Second Day as New Jobless Claims Fall
(Bloomberg) — Treasuries slipped for a second day after new jobless claims fell for a sixth week, suggesting…
AI, Defense and Sports Tourism
Value Rotations The idea: Tech is back leading the global equity market recovery, with the US outperforming many…
AI Boom Leads to Record Costs on US Grid and Call for New Plants
(Bloomberg) — Businesses and households served by the largest US power grid will spend a record $16.1 billion…
Nvidia and Snowflake Power Reka AI to Billion-Dollar Heights
July 22 – Reka AI, a startup spun out of former Google (NASDAQ:GOOGL) and Meta (NASDAQ:META) research labs,…
Citadel Securities Asks SEC to Tread Cautiously on Tokenization
(Bloomberg) — Citadel Securities wants the US Securities and Exchange Commission to proceed more slowly on allowing “tokenized”…
ECB Won’t Flinch Yet in the Shadow of Trump’s Trade War
(Bloomberg) — The European Central Bank is likely to stare down the economic danger posed by US President…
After Stock Market’s Torrid Run, Earnings Misses Face Punishment
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate…
China slams grass-roots mismanagement, shames ‘longevity city’ debacle as a warning
It was a sprawling cultural and tourism project that completely went off the rails, and now Beijing is…