Author: franperez66q@protonmail.com

There’s an unnerving level of confidence in a summer rally, according to Bank of America Securities. Bank of America’s latest bull and bear indicator flashed a reading of 9.4, an extremely bullish level that reflects investor optimism that an improving macroeconomic backdrop — strong artificial intelligence spending, a dovish Federal Reserve — is about to unlock the next leg of the bull market. The stock market rally has virtually stalled since early June, as conflicting signals around gas prices, skepticism around future AI profits and the path forward for monetary policy kept investors on the sidelines — awaiting some big…

UK banks need domestic AI capabilities after Anthropic lockout Source link

In the meantime, Hochul said it was her “responsibility to take action and lead,” as “data center development threatens to ⁠hike up utility bills, deplete our natural resources, and create uncertainty for New Yorkers.” “New York will lead the way in creating the strongest standards in the nation for data center development, ensuring that when companies succeed because of New York, New Yorkers succeed too,” Hochul said in a statement. NY threatens to repeal tax giveaways Possibly providing a blueprint for other statewide bans, New York’s bold anti-AI stance was viewed as “a striking setback for artificial intelligence companies that…

E. Jean Carroll and her attorneys Shawn Crowley and Roberta Kaplan react outside the Manhattan Federal Court after the verdict in the second civil trial after she accused former U.S. President Donald Trump of raping her decades ago, in New York City on Jan. 26, 2024.Brendan Mcdermid | ReutersWriter E. Jean Carroll has been paid more than $5.6 million that she was owed as part of a federal civil jury verdict holding President Donald Trump liable for sexual abuse and defamation, a court filing showed Tuesday.A notice on the online docket in Carroll’s case against Trump in U.S. District Court…

“Gus”, a mounted Tyrannosaurus Rex skeleton, one of the largest T. rex ever found, is pictured during a press preview at the Sotheby’s Breuer building in New York, on July 1, 2026. Timothy A. Clary | Afp | Getty ImagesA Tyrannosaurus rex specimen sold at Sotheby’s for $50.1 million, becoming the most expensive dinosaur ever sold at auction.Riding a boom in dinosaur prices at auction, the T. rex, named “Gus,” blew past its price estimate of $20 million to $30 million after a 10-minute bidding war between seven bidders. It broke the record sale by Sotheby’s of a Stegosaurus skeleton…

3 reasons why Netflix shares are down 20% in 2026 Source link

Tech investor Chamath Palihapitiya on Tuesday said artificial intelligence usage could negatively impact some companies’ earnings, in part because C-suite executives will have to contend with spending that they “didn’t know existed inside of their organization.””CEOs and the CFOs, in my opinion, probably have no idea how much tokenmaxxing is going on inside of their organizations,” Palihapitiya told CNBC. “I suspect what’ll happen is one day you’re going to have a miss, and EPS will be off by a few pennies, and the CEO will say to the CFO, ‘What happened?'”Palihapitiya is the founder of the investment firm Social Capital,…

Sir Ed Davey has urged incoming prime minister Andy Burnham to introduce proportional representation (PR) before the next general election, without holding a referendum on the issue first.The Lib Dem leader said his party was willing to work with Burnham on changing the voting system, and if he was “serious about changing the way we do politics” then “my door is open”.If Labour waited until after the next election to change the voting system, it might be “too late,” he said in a speech.Burnham, who is set to be confirmed as Labour leader on Friday and prime minister on Monday,…

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks rose Tuesday after a cooler-than-expected June consumer inflation report eased concerns that the Federal Reserve would need to raise interest rates this month. While the inflation data boosted the broader market, software stocks came under heavy pressure after IBM preannounced a weaker quarter due to softness in its software business. IBM attributed the challenges to customers shifting spending toward servers, storage, and memory. IBM shares plunged roughly 26% on the session, putting the stock…

Pollution from Musk’s unpermitted xAI power project hits hardest in Black communities Source link