AI spending is still powering parts of the market, but IBM’s warning raises a bigger question about whether companies can keep funding the boom without cutting elsewhere.

Chuck Zodda and Marc Fandetti break down why a flood of stock and bond issuance is testing investor appetite, how IBM’s earnings warning highlights the pressure AI spending is putting on older software and consulting businesses, and why hyperscalers may eventually need to prove that AI can replace labor rather than simply assist workers. They also discuss ASML’s stronger outlook, why the Magnificent Seven have struggled despite earnings growth, what to watch for if data center spending slows, and Todd Lutsky’s explanation of what the Medicaid application process really requires.

A cooler inflation report gave investors some relief, but renewed pressure from oil prices and AI-driven spending is still shaping the market outlook.

Mike Armstrong and Marc Fandetti break down the latest CPI report, why falling energy prices helped pull prices lower in June, and why the Fed is still unlikely to declare victory on inflation. They also discuss strong earnings from major banks, IBM’s sharp warning as customers shift spending toward AI chips and servers, whether recent productivity gains are really coming from AI, why younger investors are taking bigger risks in speculative markets, how data center owners are trying to cash in on the AI boom, and why Samsung may follow SK Hynix with a U.S. listing.

Inflation came in cooler than expected in June, but renewed pressure in oil markets is already raising questions about how long that relief can last.

Mike Armstrong and Marc Fandetti break down the latest CPI report, why falling energy prices drove the monthly decline, and why the Federal Reserve is unlikely to declare victory after one encouraging inflation reading. They also discuss Kevin Warsh’s first testimony before Congress as Fed chair, the renewed surge in oil prices after escalating tensions with Iran, how China’s reduced oil demand is affecting global markets, why major banks posted strong earnings, what small businesses mean for New England’s labor market, and why IBM’s warning may show how AI spending is crowding out older tech businesses.

Apple is escalating its fight with OpenAI as questions grow over trade secrets, AI hardware, and whether the next generation of devices could threaten the iPhone’s dominance.

Chuck Zodda and Mike Armstrong break down Apple’s lawsuit against OpenAI, why the timing matters as Tim Cook prepares to step aside, and how OpenAI’s delayed IPO could make the company more vulnerable. They also discuss warnings from economists about AI-driven job losses, why retraining programs may struggle to keep up, how the U.S. Strategic Petroleum Reserve is being strained by repeated drawdowns, what renewed pressure on oil supplies could mean for energy security, and why Disney’s live-action remake strategy may be running out of steam.

A busy week for markets begins with inflation data, bank earnings, Kevin Warsh’s first testimony as Fed chair, and renewed tension around the Strait of Hormuz.

Chuck Zodda and Mike Armstrong break down why the U.S. and Iran conflict is again raising questions about oil flows, gas prices, and the safety of shipping through the Strait of Hormuz. They also discuss what investors should watch from Kevin Warsh on Capitol Hill, why the University of Michigan consumer sentiment survey may no longer be a useful read on the economy, how a quarter-trillion-dollar wave of AI bond issuance is testing investor demand, and why volatility in semiconductor stocks could be a warning sign for the AI trade.

After years of dominance by the S&P 500 and the Magnificent Seven, investors are seeing renewed strength from small caps, international stocks, emerging markets, and value stocks.

Paul Lane and Marc Fandetti break down why diversification is starting to matter again, how market leadership has shifted beyond the biggest U.S. tech names, and what 50 years of Dow Jones history shows about the difficulty of picking long-term winners. They also discuss SK Hynix’s Wall Street debut, OpenAI’s latest executive shakeup, concerns about U.S. AI models reaching Chinese tech companies, JPMorgan’s AI-powered portfolio testing, SpaceX’s quieter trading after its IPO, Paul LaMonica’s take on National Beverage, and why Netflix may be moving closer to a cable-style streaming bundle.

SK Hynix is making its Wall Street debut as investors continue pouring money into companies tied to AI data centers, memory chips, and the broader semiconductor boom.

Paul Lane and Marc Fandetti break down why SK Hynix is raising billions through its U.S. listing, how memory chipmakers are trying to capitalize on demand from AI infrastructure spending, and why new supply can eventually sow the seeds of a future downturn. They also discuss grocery chains cutting prices as consumers pull back, why inflation remains difficult for the Federal Reserve to measure, how rising real yields are affecting housing and the stock market, why the spring home-selling season ended on a weak note, and why the oil market remains vulnerable if the Iran conflict drags on.

Wall Street is entering earnings season with AI still driving much of the market story, but investors are starting to question how long the spending boom can keep supporting profits across semiconductors, hyperscalers, and the broader tech trade.

Chuck Zodda and Marc Fandetti break down why this earnings season could be a major test for AI stocks, how weakness under the surface of the market is being masked by index-level stability, and why investors are watching semiconductor demand, hyperscaler spending, and returns on AI investment so closely. They also discuss why the next recession does not necessarily mean another financial crisis, what Meta’s new AI chip plans say about the race for computing power, how Social Security’s funding gap could affect the economy, and why online sports betting is creating new concerns for consumers.

Renewed hostilities between the U.S. and Iran are putting energy markets back in focus, with oil prices rising again and gas prices remaining higher than many drivers expected.

Chuck Zodda and Marc Fandetti break down why renewed tensions around the Strait of Hormuz could pressure oil prices, why gas prices have not fallen as quickly as crude oil, and how refinery capacity and crack spreads help explain what consumers are paying at the pump. They also discuss what the latest Fed meeting minutes reveal about Kevin Warsh’s inflation fight, how changes to the PCE price index could affect the Fed’s inflation target, and why a shrinking labor force may create longer-term challenges for wages, inflation, and economic growth.