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The Iran and Ukraine wars have exposed the world's reliance on the Middle East and Russia for diesel.
Donald Trump wrote in a social media post on Saturday that he is creating an "AI Force" to oversee regulation of AI and will announce an AI "czar" in the near future.
The president's first call for federal oversight of the industry comes as opposition grows against AI grows among voters.
US President Donald Trump in a social media post on Saturday said he is creating an "AI Force" and will announce an AI "czar" in the near future.
From sudden Saudi oil pipeline disruptions and Middle East security maneuvers to the Senate's make-or-break Clarity Act vote and the administration's battle with the Fed over interest rates, here are the top market, policy and energy stories shaping the week. 0:00 | 'NEED MORE OIL': Global oil supply faces SHOCK as Saudi pipeline goes offline 10:32 | ENERGY EARTHQUAKE: America could be on the verge of a MASSIVE power shift 18:02 | Saudis reportedly REACHED OUT to the Israelis for help 22:31 | Clarity Act faces CRUCIAL 60-vote Senate test as Coinbase CEO voices optimism 30:42| PRESSURE EXPLODES: Scott Bessent gets GRILLED as inflation stays elevated 42:32 | WAR GOES ON: Vance says Iran conflict will enter a MUCH different phase 46:28 | ESCALATION: Trump threatens DRAMATIC response over Canada's Europe move 54:19 | Trump issues FIERCE response to Kevin Warsh after rate hike 1:02:10 | Blakeman drops STARK Mamdani warning: I have TREMENDOUS power over his budget
Despite Fed rate hikes and rising Treasury yields, the S&P 500 held steady, down just 0.1% for the week. Market resilience is driven by outperformance in Nasdaq and Mag 7 stocks, with large-cap growth buoying headline indices.
AI market is transitioning from hardware hoarding to agentic inference, favoring application software and capital efficiency. I rate IGV (AI software ETF) a strong buy over SMH/SOXX, citing under-ownership, margin expansion, and agentic AI integration.
I don't think shorting financials makes much sense, as I want to believe that a hawkish Fed will succeed in bringing the 10-year Treasury yield down. Fed funds futures point to roughly two more 25 bps hikes by January 2027, and the 10-year Treasury yield is still hovering near 5%.
The Federal Reserve unanimously raised its benchmark rate by a quarter point as policymakers confront inflation that remains above target and uncertainty tied to geopolitical developments. Merrill and Bank of America Head of CIO Market Strategy Joe Quinlan tells Bloomberg This Weekend hosts David Gura and Christina Ruffini that elevated diesel prices are a particular concern for businesses and could keep pressure on the Fed to raise rates further.
The consumer sentiment index tracked by the University of Michigan hit record lows this year. Goldman Sachs is blaming weak consumer sentiment readings on broader feelings of unhappiness in society.
After more than five years of failing to do so, Federal Reserve leaders think they can shrink the rate of inflation to 2% by 2029 with just slightly higher U.S. interest rates. Are they serious?
OpenAI disclosed six cases of unexpected or concerning model behavior as AI companies grapple with how to monitor increasingly autonomous agents and whether stronger independent oversight is needed. Joining David Gura on Bloomberg This Weekend, Bloomberg News AI Reporter Shirin Ghaffary explains that the safety debate is taking on geopolitical urgency as President Donald Trump emphasizes maintaining the US lead over China while resisting calls to slow AI development.
In Q2 2026, the Harbor SMID Cap Value ETF returned 22.76%, outperforming its benchmark, the Russell 2500 Value Index, which returned 18.50%. Contributing to performance was Albany International, whose shares gained 43% during the quarter following better-than-expected operating results and continued strength in its aerospace and defense businesses. Another contributor to performance was BorgWarner, whose shares gained 23% during the quarter following better-than-expected first quarter results and growing investor optimism around the company's long-term growth opportunities.
The Nvidia chief makes the case for engineering solutions—not new laws or industry speed bumps—to address AI safety concerns.
The Federal Reserve's recent rate hike and hawkish outlook have at least temporarily stopped yields on the 10-year treasury from going higher after hitting levels last seen in 2007. Persistently high inflation and geopolitical risks, notably from Iran, have derailed expectations for near-term rate cuts and heightened stagflation concerns.
