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AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S & P 500 both touching record highs. The blue-chip index closed at a record Wednesday and finished the week up 3%, while the S & P 500 and the tech-heavy Nasdaq Composite gained 3.6% and 5.2%, respectively. The S & P closed at a record Friday. The Nasdaq is 1.5% below its June 2 all-time closing high. Friday’s…

A person waves Iranian flag in front of a giant banner as daily life continues amid ongoing tensions between the U.S. in Tehran, Iran, on Aug. 6, 2026.Anadolu | Anadolu | Getty ImagesIran on Saturday laid out sweeping demands to the U.S. for reopening the Strait of Hormuz, according to media reports.The Secretary of Iran’s Supreme National Security Council, Mohammad Bagher Zolghadr, said Saturday that reopening the strait would require Washington to lift its naval blockade and sanctions, withdraw U.S. military forces from the region, pay war reparations, and release frozen Iranian assets. The council also called for an end…

1. Possibly AI-written pieces that have won literary awards. 2. HuggingFace co-founder on what happened, very good post. 3. What do private insurers want from a Hormuz agreement? 4. GPT Pro on burrito price worries. 5. NoVa vs. MD, once again. 6. Do people listen to female economists more? 7. North Korea might be growing at 3.5% (Bloomberg). The post Saturday assorted links appeared first on Marginal REVOLUTION.

Soft Jobs Data Complicates Interest Rate Decisions For Fed forbes.com

The popular default investments may need to be more aggressive in order to fund decades of retirement.

     This week, I speak with Jack Raines, a writer and venture capitalist. We discuss his new book, “Young Money.” Jack dives into his unlikely journey into finance and venture capital. We discuss how his travels impacted the way he sees money and purpose for young people. He also reviews how to incorporate passion into your career and the impact it will have on your long-term finances. A transcript of our conversation is available here Tuesday. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All…

Listen to the audio version of this article (generated by AI). Editor’s Note:Of all the news from this earnings season, SpaceX’s first report as a public company was one of the most anticipated we’ve seen in a while. And while the media focused on billions of dollars in AI spending, my colleague Eric Fry paid much closer attention to something else… As Eric puts it, there’s one thing Elon Musk simply can’t spend his way around. And that single constraint could become one of the most profitable investment themes of AI’s next chapter. Eric will explain more in the essay…

Listen to the audio version of this article (generated by AI). The AI story most investors have been watching is about chips. Our macro investment expert Eric Fry thinks the next chapter is about memory. In today’s Friday Digest takeover, Eric explains why comments from SpaceX’s first earnings call may have revealed one of the AI boom’s biggest emerging bottlenecks – and why the companies helping solve that problem could be among the next generation of winners. He also highlights one stock already benefiting from this trend and explains why he believes Wall Street is still underestimating the opportunity. If…

The S&P 500 capped off its best week since April with a record close, ultimately finishing with a gain of 3.6%. This marks the second straight weekly advance. Key Takeaways The S&P 500 posted a 3.6% weekly gain, its best weekly showing since April. The index is currently sitting at a record close. The S&P 500 is currently up 13.3% year-to-date, while the S&P Equal Weight is up 14.8% year-to-date. Here is a snapshot of the index from the past week: The index is currently sitting right at a record close reached. The table below summarizes the number of record…