NYTIMES (Tony Romm) - As A.I. Data Centers Spread, Pressure Mounts to Share Profits
Policymakers around the country are maneuvering to ensure that tech giants aren’t the only ones who stand to benefit.
NYTIMES (David Segal) - Is the Amaury Family, Owners of the Tour de France, Hurting Cycling?
The Amaurys of Paris own the race, but won’t share any of the $170 million in media revenue. Sponsors and riders say their resistance is dooming the sport.
NYTIMES (Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Ian Mount and Theodore Schleifer) - Google Sets the Pace on Hefty A.I. Spending
The technology giant again raised its projections for investing in artificial intelligence. Many on Wall Street still worry about the eventual payoff.
ABCNEWS - What to know about the AI chip stock selloff
Shares of artificial intelligence chipmakers continued to slide on Friday.
THENATIONALPULSE (Pulse Wires) - U.S. Banking Industry Rakes In Record Profits.
Major U.S. banks have reported record profits despite ongoing inflation and economic pressures tied to the war with Iran and disrupted trade in the Strait of Hormuz.
Major U.S. banks have reported record profits despite ongoing inflation and economic pressures tied to the war with Iran and disrupted trade in the Strait of Hormuz. PULSE POINTS WHAT HAPPENED: America’s largest banks reported a combined $43 billion in second-quarter profits, exceeding analysts’ expectations despite ongoing conflict with Iran, persistent inflation, and broader economic uncertainty. JPMorgan Chase led the group with $21 billion in profit, boosted by a $4.6 billion gain tied to its stake in Visa, as well as strong investment banking activity driven by mergers, acquisitions, and artificial intelligence (AI) financing deals. DETAIL: Goldman Sachs earned $6.6 billion, while Bank of America posted $9 billion on strong…Open
NYTIMES (Rob Copeland and Stacy Cowley) - Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
YOUTUBE (The Hill) - Trump responds to critics of $2B earnings in 2025, says 'everyone' profits in second term | Sunrise
President Trump is responding to critics who pointed out his profits during his presidency. Trump defended the increased revenue, stating that it's not uncommon for sitting presidents to profit during their second term. He denies allegations that he's abusing his power to increase profits. #politics #trump #money
NYTIMES (Rob Copeland) - With Deals Booming and Regulations Lightened, Bankers Are Back on Top
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
NYTIMES (Max Kim) - Samsung Averts a Walkout With Big Bonuses, but Discord Over A.I. Profits Brews
Samsung Electronics, a global memory chip supplier, has been a major beneficiary of the A.I boom. It has also become the center of a debate over how to divide its spoils.
NYTIMES (Patricia Cohen) - Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.