“This is a real shock event.”
The Wild Week That Brought AI Investors to the Brink wsj.com/finance/stocks…

The JPMorgan Alums Whose Big Bet on AI Stocks Is Being Put to the Test wsj.com/finance/invest…

Elizabeth Warren’s Power in New Senate Is a Wall Street Nightmare wsj.com/politics/polic…

Hedge Funds Dump Positions and Cut Staff as Selloff Deepens wsj.com/finance/invest…

"A forced slowdown might be exactly what some AI companies need right now." Good take from @telisdemos wsj.com/tech/ai/how-th… via @WSJ

If you’ve followed politics for the past many cycles it was easy to say:
“The polls are probably off.”
“Trump always gets his supporters back onside.”
“Texas? South Carolina? Iowa? Ha!!”
But voters had their say — and the wave was no joke.

As Democrats gather momentum tonight Nasdaq futures are now down more than 2%. Investors are trying to make sense of the future of AI data centers, and implications for growth — with many key race calls (Texas, Ohio) still to come. wsj.com/livecoverage/s… via @WSJ

Roughly 1/4 of U.S. data-center capacity projected to come online by 2030 is in Texas. If the state's next governor is Democrat Gina Hinojosa, who supports a moratorium, some 13.3 gigawatts of announced projects would be at risk, Jefferies projects. wsj.com/finance/stocks…

It’s getting harder to raise money for AI data center projects, as lenders and investors get choosy about their bets — a tension visible in every corner of the markets. “Ultimately, there might not be enough money to fund this build-out.” wsj.com/finance/the-ne…

Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist wsj.com/finance/curren…

Even the All-In guys seem to have given up on "super intelligence"

@jdcapelouto

Weil Gotshal Leaders Spent Frantic Weekend Trying to Stabilize Law Firm wsj.com/business/weil-…

A $300 Billion ‘Debt Wall’ is looming for private-equity backed companies. The bill is coming due for a buyout bonanza a few years ago, and rates are going up — a perfect storm. wsj.com/finance/invest…

Broadcom’s role on different sides of the historic Anthropic debt deal—supplier, guarantor, negotiator—and the CEO’s intervention speak to the interlinked nature of the big AI bets transforming the economy. @ajsaeedy @anissagardizy8

Banks had cold feet about participating in the largest AI debt deal ever. Then Broadcom CEO Hock Tan sweetened the offer in a weekend of high-stakes talks. wsj.com/finance/broadc…

SCOOP: Several blockbuster chip deals are underway as tech companies look to finance their expensive compute plans.

(Not all of them are for Nvidia GPUs.)

- Broadcom is discussing a ~$50b financing for OpenAI’s custom AI chips, known as Jalepeno and Serrano

- Oracle is in to about a large a chip financing

wsj.com/tech/oracle-br… for @WSJ

"The initial rollout of the program encouraged children to be invested broadly in American companies. The latest shift ties kids’ wealth building directly to the fate of particular companies, depending on who donates."

"Under the rules that took effect last week, charities controlled by wealthy people—with Treasury Department approval—can put individual stocks into the accounts of thousands or millions of children. They can target groups of at least 5,000, sorted by age, geography or both."

via @RichardRubinDC @ashleaebeling

wsj.com/politics/polic…

Kimberly Guilfoyle was preparing for her congressional hearing to become U.S. ambassador to Greece when she reached out to a Trump donor with an urgent request: She needed $100,000 that she said she owed American Express—in a way that wouldn’t leave a paper trail.

“It won’t show up anywhere if you wire money to American Express,” she wrote on Signal, according to messages reviewed by The Wall Street Journal. “Please.”

Read story w/ dream team: @rebeccaballhaus @drewhinshaw @JoeWSJ wsj.com/politics/polic…

Property buyers are demanding sellers renegotiate terms because of higher mortgage rates, signaling broader market distress. on.wsj.com/4yxLX97

Exclusive: The board of Goldman Sachs has discussed a plan for David Solomon to step down as CEO and be replaced with COO John Waldron as soon as next year, according to people familiar with the matter. @AAndriotis & @EmilyGlazer wsj.com/finance/bankin… via @WSJ