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Wall Street closed the trading week lower, as the Treasury expanded buybacks, Bitcoin (BTC-USD) surged, and retail earnings hit the tape.
Semiconductor and software correlations normalized after early-year panic, demonstrating that artificial intelligence expansion expands rather than eliminates enterprise software moats. Goldman Sachs projects global AI capital spending to exceed one trillion dollars in 2026, anchoring durable multi-year semiconductor demand ahead.
JPMorgan Chase delivered robust Q2 results, with net profit reaching $21.2B and EPS of $7.71, driven by strong non-interest revenue growth. JPM's preferred dividends remain well-covered, requiring just 2% of net income, providing a substantial buffer for income-focused investors. JPM.PR.M preferred shares offer a 6.39% yield and significant capital gain potential if called or if market yields decline modestly.
Joining Bloomberg This Weekend is Bloomberg Radio host of "Masters in Business" Barry Ritholtz and he tells hosts David Gura and Christina Ruffini that Treasury Secretary Scott Bessent's bond-market moves may provide short-term relief but cannot override persistent inflation, rising debt and the forces setting long-term yields. -------- More on Bloomberg Television and Markets Like this video?
Chinese AI models are rapidly narrowing the performance gap with US rivals while gaining users with lower prices and open-weight technology that lets companies deploy them locally. Bloomberg News Tech Reporter Luz Ding is on Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that Chinese AI Models capabilities are approaching leading US models at lower cost.
Quantum Computing Inc. is upgraded from Hold to Buy, as commercial traction and financial strength have improved markedly since June 2025. QUBT now reports $5.6M in Q2 2026 revenue, a $42.5M contract backlog, and $1.3B in cash, but gross margins remain negative and costs are rising. NeuraWave and recent acquisitions position QUBT as an integrated photonics and semiconductor platform, broadening its addressable market beyond quantum computing.
The Treasury doubled its long-end buyback cap on Wednesday, and the 30-year fell 9 basis points, but the entire move was gone within a day. Treasury Secretary Bessent now has two open requests that only the Federal Reserve can grant, and Fed Chair Kevin Warsh delivers his first Jackson Hole keynote on Friday the 28th.
New Berkshire Hathaway CEO Greg Abel appears to be letting Warren Buffett and portfolio manager Ted Weschler make all the decisions on the company's equities.
Churchill Capital Corp XI is taking Agility Robotics public at a $2.5B valuation, with the combined entity to trade as AGLT. Agility boasts over $300M in multi-year orders for Digit v5, with real deployments at major customers and a robust investor base including NVIDIA and Amazon. CCXI buyers at $14/share are paying a ~$4.8B market cap, implying ~20x run-rate revenue if Agility executes on its current order book.
Flex earns a buy rating as its rapidly expanding Cloud and Power Infrastructure (CPI) segment drives a structural business shift. CPI revenue surged 38% to $6.6B in FY2026, now comprising 24% of total income, with continued outperformance in FY2027 Q1. Operating leverage is evident: Q1 FY2027 revenue rose 21% while adjusted EPS jumped 39%, prompting raised FY2027 forecasts.
Along with US equities, European stocks have also succumbed to gravity this week, extending a losing streak that started in the middle of last week. Interestingly enough, the current seven-day streak immediately followed what was a seven-day winning streak for the STOXX 600.
Big Tech is shoveling billions of dollars into the AI buildout, leaving investors spooked and analysts behind. Can they catch up?
TikTok has reached a $400m (£293.2m) settlement with the US Department of Justice (DoJ), ending a 2024 lawsuit alleging the company violated federal children's privacy laws.
Trump's tariff-free ground beef import plan drew sharp backlash from cattle industry groups and Republican senators warning it hurts ranchers.
The PRICE Futures Group senior analyst Phil Flynn discusses rising crude oil prices amid the tense US-Iran standoff and the Trump administration's energy agenda on ‘Kudlow.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #kudlow #trump #donaldtrump #energy #oil #oilprices #crudeoil #markets #globalmarkets #iran #usiran #middleeast #energyindependence #energydominance #economy #commodities #geopolitics
