Market news, minus the noise.
Weekly recaps, market analysis, broker comparisons and education, from the Bullwaves desk.
More from the desk.
Larry Ellison overtook Musk as world’s richest person
Larry Ellison briefly surpasses Elon Musk as the world’s richest man, with Oracle’s growth and ties to politics, media, and technology shaping his influence.
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Bending Spoons to Buy Vimeo for $1.38B
Vimeo will be acquired by Bending Spoons in a $1.38 billion deal, marking a major shift for the video platform as it returns to private ownership.
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amazon is Developing AR Glasses
Amazon is developing AR glasses, codenamed Jayhawk, with plans to launch in 2026–2027, aiming to compete with Meta, Google, and Apple in the fast-growing augmented reality market.
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nvidia CEO wants to change or eliminate every job
Nvidia breaks the $4 trillion barrier, but CEO Jensen Huang’s warning about AI’s impact on jobs raises questions amid studies showing limited productivity gains.
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Foreign travelers soon to pay 'visa integrity fee'
The U.S. introduces a $250 “visa integrity fee” starting Oct. 1, raising total visa costs to over $400 for travelers from countries like Mexico, China, and Brazil. Tourism experts warn of reduced travel volumes.
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OpenAI reports user chats to police.
OpenAI admits to scanning user chats for harmful content, escalating risks to human reviewers and sometimes law enforcement, raising concerns about privacy and consistency in its policies.
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TIKTOK surpasses Meta in revenue
ByteDance launches a $330B employee buyback as revenue surges, while pressure mounts over the sale of TikTok’s U.S. business.
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Trump's 50% tariff on India kicks in
India faces a major economic test as Trump’s 50% tariffs bite, while Modi counters with tax cuts and a push for self-reliance.
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Apple Expands iPhone Production in India
Apple boosts iPhone production in India while facing U.S. tariff threats over Russian oil.
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US would help assure Ukraine's security
Trump promised Zelenskiy that the U.S. will provide security guarantees for Ukraine in future peace negotiations
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china open first ai hospital with robot
China has opened the world’s first AI-powered hospital, capable of treating thousands of patients daily and transforming both healthcare delivery and medical education.
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McDonald's sales improved last quarter
McDonald’s Q2 results were boosted by the record-breaking Minecraft Movie Meal promotion, strong global sales, and continued digital expansion.
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Perplexity AI Offers $34.5 Billion for Google’s Chrome
Perplexity AI has made a bold $34.5 billion bid for Google’s Chrome browser following a DOJ antitrust ruling.
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European hotels to sue Booking.com
Almost 10,000 European hotels are taking collective legal action against Booking.com over alleged inflated costs from parity clauses.
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Spotify sees 12% rise in paid subscribers
Spotify’s user base reaches 696 million, but profits fall short due to rising expenses and AI tensions.
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OpenAI prepares to launch GPT-5 in August
OpenAI is set to unveil GPT-5 in August, a more advanced and flexible AI system combining multiple technologies.
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Trump Pushes Tech Firms to Prioritize American Workers
Trump calls on tech giants to stop hiring foreign workers, including Indians, urging a focus on U.S. jobs in AI.
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China Bans OnlyFans in Latest Online Crackdown
China intensifies its digital regulation by banning access to OnlyFans, targeting foreign platforms.
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Pentagon signs $200 million deal with Elon Musk
The Pentagon signs a $200M deal with Elon Musk's xAI for its Grok chatbot, amid controversy and political fallout with Donald Trump.
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OpenAI Set to Launch AI-Powered Web Browser
OpenAI is preparing to launch an AI-powered web browser aimed at disrupting Google Chrome’s dominance and redefining the way users browse the web.
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