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Politics
Money or power? The key to winning the U.S.-China AI race
An AI-themed 'AGI Bar' in Beijing's tech-focused Zhongguancun district on Aug. 9, 2026.Pedro Pardo | Afp | Getty ImagesHi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of…
Korean stock investors flee a bruising home market and pile into U.S.
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul. Kim Jae-Hwan | SOPA Images | Lightrocket | Getty ImagesA wave of South Korean investors is flocking to U.S. markets to avoid…
Nvidia financing initiative follows SEC guidance taking sponsors off the
Nvidia CEO Jensen Huang talks to members of the press as he leaves the Hart Senate Office Building on July 28, 2026 in Washington, DC. Finn Gomez | Getty ImagesRecent Securities and Exchange Commission guidance is underpinning the…
Nvidia backing $105 billion in financing for OpenAI data center in Ohio
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company's "Japan AI Ecosystem" reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty ImagesNvidia will…
L3Harris ousts CEO Chris Kubasik over conduct, stock drops
Chris Kubasik, chief executive officer of L3Harris, during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026.David Paul Morris | Bloomberg | Getty ImagesDefense contracting giant…
Disney parks boss outlines investment strategy, with superfans at fore
Artist concept art of the yeti animatronic from Expedition Everest at Disney's Animal Kingdom in Orlando, Florida.DisneyIt's not everyday that a live crowd goes wild for an animatronic yeti. But the audience at Disney's D23 Expo isn't…
Paramount seeks $1.88B bond from state AGs to cover WBD merger delay costs
The Paramount Pictures logo is displayed on a water tower in Los Angeles, California, on August 6, 2026. Michael Yanow | Nurphoto | Getty ImagesParamount Skydance will seek to force the states holding up its merger with Warner Bros.…
Refiner stocks are on a nearly unprecedented run. History says it could end
This has been a historic run for refiners. Marathon, Valero, and HF Sinclair each gained over 80% in 2026 against an 11% S&P 500 gain, with the WTI 3-2-1 crack near $59/bbl margins, nearly tripling since January. MPC and VLO have…
Oil rises as Iran rules out MoU extension, threatens to escalate
Crude oil prices edged higher Monday as Iran ruled out talks to extend the memorandum of understanding with the U.S.A senior Iranian official told Reuters that Tehran would shift to offense rather than relying on defense if diplomacy…
Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI
Avishek Das | Lightrocket | Getty ImagesSynchrony Financial, the credit card issuer for brands including Amazon, Walmart and Lowe's, is working with OpenAI to allow shoppers to buy products directly inside ChatGPT using their store…