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How an AI Bust Could Ripple Through The Global Economy — WSJ

By Asa FitchIf you're already anxious about the AI spending bubble and its global economic risks, maybe don't read the latest annual report from the Bank for International Settlements.The report, released Monday, lays out in unsettling detail how an AI bust could throw the global financial system i…

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USDA Acreage, Supply Reports to Drive Grain Futures — Market Talk

A fresh round of reports from the USDA look to be the deciding factor for if a slide seen in CBOT grain futures continues, or if the bottom has been set. "Today's closely watched USDA acreage and quarterly grain stocks reports may determine whether this correction has largely run its course or whet…

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Alberta to Unveil This Weeks Plan for New Crude Pipeline

By Paul VieiraOTTAWA--The oil-rich Canadian province of Alberta intends to unveil this week its proposal for a new pipeline designed to carry about 1 million barrels of crude oil a day to the Pacific Coast.Alberta Premier Danielle Smith had previously said the province would submit to federal offic…

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Candel Therapeutics Stock Gains on Launch of Phase 3 Trial for Lung-Cancer Drug

By Elias SchisgallShares of Candel Therapeutics rose after the company said it was initiating a pivotal Phase 3 trial to evaluate a lung-cancer treatment.Shares were up 8.4% to $11.23 in trading midday Tuesday. The stock has nearly doubled in value this year.The company said Tuesday that it had eng…

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AirJoule Shares Jump After Unveiling of Industrial Water-Generation System

By Anvee BhutaniAirJoule Technologies shares rose Tuesday after the company unveiled its full-scale AirJoule Prime system, designed to generate water from air for industrial customers.Shares of the atmospheric water-generation company were up 16% at $5.32. The stock is up more than 80% over the pas…

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FTC Says Amazon to Pay $2.25 Million Over Identity‑Theft Record Failures

By Doc LouallenAmazon will pay $2.25 million in civil penalties to settle Federal Trade Commission allegations that it knowingly violated the Fair Credit Reporting Act.The FTC said Amazon failed to give identity‑theft victims the application and transaction records they're entitled to within 30 day…

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If You Think Alphabet's AI Spending Is High Now, Just Wait for 2028 — Barrons.com

By Kit NortonGoogle parent Alphabet has been going all-in on AI spending and it has tested some investors' nerves, especially after a sizeable equity raise earlier in June to fund upcoming capital expenditures. It's a prime example of how Big Tech's AI ambitions are outstripping operating cash flow…

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