The Club’s top 10 things to watch Friday, July 24 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. Stocks are headed for a muted open following yesterday’s sell-off on rising oil prices and bond yields, and on concerns about hyperscalers’ aggressive AI spending. That potent mix of crosscurrents…
From left, President Donald Trump, Oracle’s Larry Ellison, SoftBank’s Masayoshi Son and OpenAI’s Sam Altman appear at the White House in Washington on Jan. 21, 2025. Jim Watson | Afp | Getty Images The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software…
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…
Catherine Delahaye | Stone | Getty Images Trump Accounts could provide kids in the foster care system with a more secure financial footing in adulthood, advocates say — but there are still some key details to work out. Under an initiative announced in early June by First Lady Melania Trump in conjunction with the U.S….
President Donald Trump speaks about Trump Accounts at the Andrew W. Mellon Auditorium in Washington, D.C., Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images Soon-to-launch Trump Accounts are a new vehicle for long-term savings and investing geared toward children, but they are not the first of their kind. In 2007, thousands of families in…
Zhipu‘s GLM 5.2 artificial intelligence model landed last week with the kind of Silicon Valley buzz that followed DeepSeek‘s launch last year. The Chinese AI startup‘s new open source model has blown past every other open release and now sits within a percentage point of Anthropic‘s Opus 4.8 on one closely watched agentic benchmark, at…
Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time. The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S. Department of the Treasury for kids born between 2025…
Stocks soared to record highs again last week, capping off a banner month for the market. Investor optimism about an end to the Iran-U.S. war, a string of positive corporate earnings reports, and strength in technology stocks led to new records for the S & P 500 and Nasdaq Composite , up over 1% and…
CNBC’s Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade. “When we look back, I wonder if we’ll say this was that moment when Dell simply took over the computer space” the “Mad Money” host said…
Shares of Dell Technologies closed 32.76% higher on Friday, wrapping its best day ever after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018. The stock narrowly beat its previous record from March 1, 2024, when it popped 31.6%. Shares are now up 234%…
