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Panoramic view of the CXMT office building seen on July 15, 2026 in Shanghai, China. CXMT raises billions for AI technology (Photo by Ying Tang/NurPhoto, Getty Images)Null Photo | Null Photo | Getty ImagesChip maker stock Choshin Technology Group The company rose about 470% on Monday in its debut on the tech-heavy STAR market in Shanghai, making CXMT the most valuable listed company in China. The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share, making it Asia’s biggest offering so far this year. CXMT shares soared to more than 49 yuan…

This week is the busiest week of earnings season and a critical time for the overall stock market. According to FactSet data, 158 S&P 500 companies are scheduled to report earnings this week. These include giants like Apple, Amazon, Meta Platforms, and Microsoft. The earnings season so far has been generally strong. About 27% of the S&P 500 has reported second-quarter results. Of those, 82% exceeded expectations, according to FactSet. But importantly, Tesla and Alphabet recorded two high-profile failures last week that put pressure on the overall market. Last week, the S&P 500 fell 0.6%, marking its second straight week…

The Frontier of Physics AI is a Jenga game in a warehouse in San Leandro, California. That warehouse is occupied by Encord, a company that builds data tools used to train AI models. Andrew Ceja is a pilot (as the company calls its robot trainers), carefully pulling blocks of wood from a rickety tower while wearing a headset with a camera that tracks what he sees. Collecting training data for a robot would be common enough on its own, but this headset includes sensors that measure brain waves as it carefully dismantles a block tower. Encord is one of a…

Luxury retailers are pumping money into outlet operations to boost business by attracting more low-end shoppers. This strategy could drive gains for certain stocks in this space. Companies like Tapestry’s Coach and Ralph Lauren have elevated their discount stores, turning them from dumping grounds for last season’s merchandise to upscale destinations for aspiring shoppers. Motivated customers are those who significantly exceed their budget or save money to purchase premium products. “Ten years ago, outlets were thought of as an inventory clearance mechanism,” Kinshuk Jelas, a professor at Columbia Business School, told CNBC. “It’s a little different now…outlet is kind of…

Credit spreads for tech companies pushing to build AI have widened and are expected to widen further later this year as debt levels rise. This could stress heavily debt-laden technology infrastructure builders known as neo-clouds and large cloud computing hyperscalers. Cyclical investments among cloud computing companies, artificial intelligence software companies, and chipmakers could help Neocloud avoid some of this cost, but it also means more expensive corporate debt could spill over across the sector. Spread is the difference in yield between two bonds of the same maturity but different credit quality. Corporate bonds are typically valued at the difference between…

Amazon , Meta Platforms , Microsoft and Apple headline the busiest week of this summer earnings season. Plus, the Federal Reserve holds its July policy meeting, which adds intrigue following rekindled Middle East tensions. 1. Earnings: We’ve got 10 Club names reporting this week, including the other three hyperscalers on the heels of Alphabet earnings last week. Without further ado, let’s get into it. All quarterly revenue and earnings per share (EPS) estimates are from LSEG. Estimates for other metrics are from FactSet. BA YTD mountain Boeing YTD Boeing kicks off the busy week of earnings on Tuesday morning .…

The announcement of the latest AI model by a Chinese company (Kimi Moonshot AI) has reignited the debate over U.S. competitiveness and open vs. proprietary AI. While there has been much discussion on social media, this discussion also appears to be happening behind the scenes in Washington, D.C., where OpenAI and Anthropic have reportedly approached regulators with concerns about China’s open model. On the latest episode of TechCrunch’s Equity podcast, Kirsten Kolosek, Sean O’Kane, and I discussed why this is a hot topic. In addition to suggesting that certain people should “touch grass” rather than spend their weekends debating about…

Courtney, a longtime history professor at Lower Columbia University in Washington, made her first appearance on Jeopardy! According to the fan database “J!”, in 2021, he won seven consecutive games and earned a total of $118,558, including the $2,000 he earned by finishing second in the eighth game. archive. She returned to the popular game show the following year at the 2022 Tournament of Champions, where she placed third in the quarterfinal match and won $5,000, according to Jeopardy. Earlier this year, Kourtney was diagnosed with a brain tumor, which Maya announced in February. “My mother has a brain tumor,”…

During a club friendly match in France, referee Mathilde Demoncay was knocked down in a scuffle between male players.Published July 26, 2026July 26, 2026A female referee suffered a concussion after being slammed to the ground while trying to break up a scuffle between male players during a club soccer friendly match in France.According to local media reports, referee Mathilde Demoncay was officiating a friendly match between French club Metz and Dutch club Fortuna Sitttal on Saturday when the incident occurred.Following the incident at the Schlossberg Stadium in Vorbach, eastern France, where both teams were preparing for the new season, Demokey…

President Donald Trump’s approval ratings remain low, inflation is rising, the Iran war drags on and gas prices are rising again above $4 a gallon with no immediate relief in sight.While some of this may be bad news for the country, the series of events leading up to the 2026 midterm elections could present an opportunity for Democrats as they hope to regain control of both houses of Congress. And with 100 days left until Election Day, Democratic Congressional Campaign Committee Chairwoman Susan DelBene (D-Wash.) says the party is making good progress.”We have great candidates. We have momentum. We have…