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BizToc

Market Summary

Markets hold near record highs driven by AI sector rallies with Nasdaq and S&P 500 showing resilience despite government shutdown fears. Gold hits historic highs above $4,000 as investors seek safe havens amid political uncertainty. Energy and tech sectors lead gains, while regional banking sees consolidation moves.

OpenAI and chipmakers AMD and Nvidia lead a massive $1 trillion AI computing power deal race, reshaping the AI infrastructure landscape with multibillion-dollar partnerships and market surges.

Figure of the Day

Over $1 trillion – Value of AI computing deals signed by OpenAI in 2025.

Tesla combats falling sales with launches of lower-cost Model 3 and Model Y variants, amid market competition and expiration of federal EV tax credits.

US government shutdown drags on into seventh day, bringing workforce furloughs, air traffic controller stress, and political deadlock without resolution.

Bullish

Dell Doubles Growth Forecast on Surging AI Demand

Driven by soaring AI infrastructure needs, Dell Technologies significantly boosted its revenue and earnings growth projections, signaling robust long-term optimism.
More on youtube.com

Gold prices surge past historic $4,000 per ounce, fueled by economic uncertainty, seeking safety amid US government shutdown and dollar weakness.

The US and Canada engage in high-stakes trade talks amid strained alliance, tariff disputes, and President Trump’s contentious rhetoric.

Bearish

White House Threatens No Back Pay for Furloughed Federal Workers

The Trump administration’s memo warning that furloughed federal employees may not receive guaranteed back pay amid the ongoing shutdown is heightening anxieties across government ranks.
More on nbcnews.com

Intel and IBM ramp AI investments with key partnerships; IBM’s deal with Anthropic boosts its AI capabilities, while Intel targets stronger growth from AI demand.

US federal workers face uncertainty with White House threatening no guaranteed back pay amid shutdown, stirring bipartisan tension.

Regulatory Impact

White House proposes redirecting tariff revenues to food aid programs; EU doubles steel tariffs to 50% amid trade tensions; US considers changes in back pay policy for furloughed federal workers during shutdown.

European Union plans to double steel tariffs to 50% on imports, intensifying trade tensions and threatening UK steel industry’s recovery.

AMD’s stock surges on OpenAI deal as AI-focused companies aggressively invest in computing power, fueling a reshuffle in the semiconductor sector.

Quote

“Investors are starting to view gold as safer than the U.S. dollar—that’s really concerning.”

— Ken Griffin, CEO of Citadel

The Supreme Court faces multiple cases on conversion therapy bans, free speech, and presidential power claims, signaling a pivotal legal term.

Political turmoil hits France as Prime Minister resigns amid growing austerity resistance and budget deadlock, spurring fears of eurozone instability.

Bitcoin rallies into new highs propelled by ETF inflows and Wall Street interest, while crypto mining stocks post record profits on surging demand.

JPMorgan and other banks warn about challenges in AI investment markets and unveil largest AI-related debt segment amidst market shifts.

US and Israeli political tensions rise as Trump pushes Gaza peace deal diplomacy amid ongoing military conflict’s second anniversary.

WTO revises global trade growth forecasts, raising 2025 expectations but warning of slower growth in 2026 due to tariffs and economic pressures.

Fifth Third Bancorp’s $10.9 billion acquisition of Comerica will create the ninth largest U.S. bank, signaling new consolidation in regional banking.

Federal funding cuts threaten air travel in rural US areas, exacerbated by government shutdown and straining isolated communities and transportation networks.

Johnson & Johnson ordered to pay record $966 million over talc lawsuit, continuing costly legal challenges impacting the healthcare giant.

American Airlines changes boarding policy, sparking debate; meanwhile, Walmart and Amazon ramp up discount sales amidst shifting consumer behaviors.

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