BizToc

Markets

S&P FUTURES 6,977 0.07% • S&P 6,940 0.06% • Dow 49,359 0.17% • Nasdaq 23,515 0.06% • Russel 2,678 0.12% • VIX 15.86 0.13% • 10Y 4.23 1.71% • Wilshire 42,053 0.00% • FTSE 10,235 0.04% • EuroStoxx 6,029 0.19% • DAX 25,297 0.22% • Hang Seng 26,845 0.29% • Nikkei 53,936 0.32% • Oil 59.34 0.44% • Gold 4,595 0.61% • Bitcoin 95,204 0.33%

Fear & Greed 62/100

Why did bond yields jump on Fed chair uncertainty? Why is Trump pushing to control Greenland? Why does the White House want tech to fund power plants? Why is ChatGPT adding ads? Why is Elon Musk suing OpenAI? Why did China block shipments of Nvidia H200 chips?

Hot

Congress Weighs Blocking Trump’s Greenland Push ++ Aircraft Vanishes From Radar; Search And Rescue Launched ++

Federal Judge Limits Immigration Enforcement At Protests In Minnesota ++

Trump Invites Erdogan To Gaza Board Of Peace

China blocks Nvidia H200 shipments - AI chip supply grinds to a halt

Beijing's blockade of H200 shipments has forced suppliers to pause production, threatening the rollout of AI datacenters and sending shockwaves through global chip and cloud markets.

Market Summary

Markets tread cautiously as geopolitical shocks and Fed uncertainty set the tone. The S&P 500 wavered near record highs, Nasdaq showed tech leadership and the Dow lagged; bond yields jumped on Fed‑chair chatter, while volatility spiked in energy and chip stocks amid supply‑chain and policy risks.

China blocks Nvidia H200 shipments - chip suppliers pause output

China has blocked shipments of Nvidia's new H200 AI processors, prompting suppliers to halt production and rattling global AI supply chains. The interruption threatens data‑center builds and chips' availability for cloud providers and AI firms.

Figure of the Day

10.4 trillion kWh - China’s total electricity use in 2025, a record driven by AI and EV demand.

White House wants tech to buy $15B of power plants - plan unveiled

The White House is pressing tech companies to underwrite new power capacity as AI datacenters strain U.S. grids. Plans to force big tech into an emergency auction could reshape infrastructure financing and energy policy.

Why did Micron's stock surge?

ChatGPT ads are coming: OpenAI to test adverts in U.S. app

OpenAI will begin testing ads in ChatGPT's free and low‑cost tiers in the U.S., a major revenue pivot for the AI giant. The move shifts the business model and raises privacy and competition questions across Big Tech.

Bullish

Micron stock climbs as AI demand fuels memory surge

Micron's shares jumped after the company highlighted surging AI memory demand and larger capacity plans, boosting investor confidence in DRAM supply tightness and long‑term margins. More on cnbc.com

Musk seeks up to $134B from OpenAI, Microsoft - lawsuit blast

Elon Musk seeks blockbuster damages from OpenAI and Microsoft, escalating a high‑stakes legal fight over AI's origins. OpenAI has pushed back, accusing Musk of cherry‑picking documents as the dispute heads toward trial.

Why did China block AI chip exports?

EPA rules xAI's natural‑gas generator use illegal - agency finds

Regulators are clashing with Elon Musk’s xAI over environmental and safety breaches tied to its data‑center rollout. States and the EPA are issuing orders and penalties as deepfake harms mount around Grok's image generator.

Bearish

Mosaic sales slump amid steep drop in North American fertilizer demand

Mosaic warned of collapsing North American fertilizer demand that dented sales and cash flow, signalling near‑term pressure on agricultural suppliers and commodity markets. More on theglobeandmail.com

Judge limits federal immigration enforcement at Minneapolis protests

Federal court rulings and a Justice Department probe have intensified scrutiny of ICE operations in Minneapolis. Legal limits on federal agents and criminal inquiries into state officials are driving protests and political fallout.

Warsh surges in Fed chair race after Trump hedges on Hassett

The Fed chair battle has been upended by White House hedging and a DOJ probe into Jerome Powell, boosting alternative candidates. Markets are pricing new odds as bond yields and rate expectations wobble.

Regulatory Impact

DOE delays wage‑garnishment for defaulted student loans; EPA rules xAI's unpermitted gas turbines illegal; PJM urged to require data centers secure power—policies shift to curb risks from AI and protect consumers.

Trump threatens tariffs on nations opposing U.S. move on Greenland

President Trump has threatened tariffs and other reprisals against countries that oppose U.S. designs on Greenland, escalating a diplomatic standoff. Allies are mobilizing, and European forces are increasing presence on the island.

U.S. moves fast to expand Chevron's Venezuela license - Energy Sec.

The U.S. is accelerating ties with Venezuela to secure oil and minerals after the regime change, prompting debate over strategic and market impacts. Moves to expand Chevron's license and funnel Venezuelan oil to U.S. markets could shift global flows.