Goldman Sachs pulled in record numbers last quarter, driven largely by a surge in equities trading rather than traditional dealmaking, according to the bank’s latest earnings report. Equities revenue jumped 72% to a record $7.42 billion, outperforming analyst estimates as top Wall Street firms cashed in on heavy market volatility. Global Banking & Markets, the … Read more
President Donald Trump’s early June executive order, according to administration and industry reports. The fast-approaching benchmark triggered intensive lobbying in Washington, D.C., where tech leaders like OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang met with officials to shape upcoming compliance standards. White House AI Framework Deadline Prompts Silicon Valley Lobbying According to White … Read more
TSMC Faces Margin Squeeze as U.S. Manufacturing Expansion Accelerates Taiwan Semiconductor Manufacturing Co. (TSMC) is navigating a complex financial landscape as pressure from President Donald Trump forces the world’s leading chipmaker to shift significant production to the United States. While the company reported a 77.4% year-on-year profit jump in the second quarter, CFO Wendell Huang … Read more
The artificial intelligence trade is undergoing a sharp internal rotation as investors pivot from semiconductor hardware builders to software-focused hyperscalers and cybersecurity providers. While market volatility remains elevated—with the S&P 500 falling 1.6% and the Nasdaq dropping 3% last week—corporate spending patterns are favoring firms that secure and implement AI infrastructure rather than those solely … Read more
The Trump administration is moving to assert federal control over the distribution of advanced artificial intelligence models, shifting power away from private labs. According to sources familiar with the matter, the White House is implementing a new clearinghouse program called “Gold Eagle” to vet and approve which companies and entities gain access to frontier AI … Read more
Google’s AI division chief has formally proposed that the U.S. government spearhead a new public-private standards body to oversee frontier AI models. This initiative aims to assess national security risks, including cybersecurity vulnerabilities, biological threats, and potential nuclear risks, as AI capabilities accelerate. The proposal suggests a shift toward mandatory federal review for AI models, … Read more
U.S. Treasury yields climbed on Tuesday as geopolitical tensions in the Middle East intensified and market participants adjusted expectations for Federal Reserve interest rate hikes. According to market data, the 10-year Treasury yield rose to 4.622% by 6:02 a.m. E.T., while the 2-year note, sensitive to short-term policy, reached 4.277%. These shifts follow recent announcements … Read more
U.S. equity markets faced significant downward pressure Monday as technology and AI-related stocks led a broad sell-off, exacerbated by rising oil prices and hawkish signals from the Federal Reserve. According to CNBC’s Investing Club, the Nasdaq composite fell nearly 1.5% as investors reacted to escalating tensions in the Strait of Hormuz and potential shifts in … Read more
President Donald Trump announced Friday that he will not sign the 21st Century ROAD to Housing Act, a bipartisan housing affordability bill passed by Congress last month. The president is withholding his signature in protest of the U.S. Senate’s failure to pass the SAVE America Act, a legislative measure intended to restrict non-citizen voting. Despite … Read more
The 2026 NATO Summit in Ankara, Turkey, concluded with heightened friction between the U.S. and alliance members over Middle East security commitments. While President Donald Trump pressed NATO leaders to take a more active role in countering Iran, the summit underscored shifting geopolitical alliances. Simultaneously, global markets are reacting to these tensions while tracking major … Read more