Oil Market’s Glut Narrative Just Blew Up
Brent crude topped $100 per barrel as Houthi attacks on tankers blocked major oil chokepoints, disrupting supplies from the Middle East and Russia while refined fuel shortages persist globally.
Alphabet Raises AI Spending But Still Can’t Meet Demand: ‘We’re Still in a Supply Constraint Environment’
Alphabet raised its 2026 capital spending guidance to $195-$205 billion, citing persistent demand for AI services that continues to exceed available computing capacity.
Rising inflation turns July Fed meeting into rate-hike showdown
The Federal Reserve’s July 28-29 meeting faces heightened uncertainty over a potential rate hike as recent geopolitical tensions and tariffs reignite inflation concerns, shifting market expectations dramatically.
Why CoreWeave Stock Fell 30% in Just 1 Month
CoreWeave stock declined 30% in one month as investor focus shifted from growth to profitability concerns amid competitive pressures in AI infrastructure markets.
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
Treasury Secretary Scott Bessent expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates, though he acknowledged understanding the central bank’s cautious approach.
TSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%
TSMC reported a 77.4% jump in second-quarter profit and announced an additional $100 billion investment in Arizona, bringing its total state investment to $265 billion.