Trending News:Twitch users can now block Amazon from using their content to train AICanada Gazette – Part I, December 23, 2023, volume 157, number 51Ex-Chinese Premier Zhu Rongji, who drove economic reforms and led China into the WTO, dies at 97Bob Iger and Josh Kushner to purchase the Los Angeles LakersRogue AI Agents Aren’t Evil. 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Trending News:Twitch users can now block Amazon from using their content to train AICanada Gazette – Part I, December 23, 2023, volume 157, number 51Ex-Chinese Premier Zhu Rongji, who drove economic reforms and led China into the WTO, dies at 97Bob Iger and Josh Kushner to purchase the Los Angeles LakersRogue AI Agents Aren’t Evil. They’re Just Eager to PleaseCPL 2026, SLK vs STKNP 5th Match Match Report, August 12, 2026Federal government announces $34M to help communities cope with climate changeCrocs Rain Boots Are 25% Off for a Limited TimeSuper Mario Sunshine’s Soundtrack Joins Nintendo Music Today, Here’s Every Song IncludedProenza Schouler to Open First Los Angeles Store on Melrose PlaceIs it too late to save liberal democracy?Minister Anand to meet with South Korean Presidential Special Envoy for Canada District of North Vancouver resident sues to overturn Chemtrade chlorine voteDHS cites recent policy shift after not disclosing death of Guatemalan man who had been in custodyAmazon will train on Twitch streamers’ content by default, unless they opt outJetBlue Receives FAA Certification On BlueFirst Seat, 1st Modified Cabin Expected Next MonthPumpkin problems: Alberta’s wet summer affecting annual cropPolymarket promo code CBSSPORTS: Scheffler, McIlroy among favorites to win 2026 FedExCup PlayoffsThe comeback story of baby elephant after her mother rejected herThe Best Aluminum Deodorants in 2026, According to a DermatologistClaude Cowork Can Now Run In A Chrome SidebarFirst Total Eclipse in Europe in Decades Turns Day to NightCanada’s GDP goes down, and Carney’s popularity numbers go…up?Origin Shares Rise Most in Six Months as Earnings Beat EstimatesB.C. premier promises review of emergency response to wildfire near Summerland, B.C.Dive Into What’s Next with Subnautica 2 ExperimentalToday’s NYT Mini Crossword Answers for Thursday, Aug. 13Victim’s family awarded US$29M in damages for deadly Boeing 737 MAX crash in 2019Karoline Leavitt to step down as White House press secretary at end of AugustGrisham homers twice and drives in 4 as Yankees rally past struggling Mariners 10-5The Soviet Plane Built With A WWII Bomber’s Tail Turret & Glazed Nose That The West ForgotCharlize Theron Wore a Fall Boot Trend That’s About to SurgeOlympic skateboarder times epic stunt with solar eclipse | NewsMinister of Justice and Attorney General of Canada announces a judicial appointment in the province of OntarioChina’s Coal-to-Chemicals Push Pays Off With Record ProfitsSummerland wildfire livestock ‘hero’ stopped after breaking the rulesICE Agent Who Pushed Activist to the Ground Near Chicago Pleads GuiltyCats and dogs are missing meals after a popular smart feeder went downPlayStation Plus Game Catalog for August: Helldivers 2, Kingdom Come Deliverance II, Vampire Survivors, Hell is Us and more – PlayStation.BlogPartial solar eclipse wows spectators in St. John’sNick Reiner indicted on murder charges in the death of his parentsThe web’s newest weapon against AI scrapers is a fontTelstra CEO gets $700,000 pay rise to $6.8m despite Australia-wide outage | TelstraCanada Gazette – Part I, December 30, 2023, volume 157, number 52Korean Stocks Rise 22% in 10 Days as Chip Rally Regains SteamToronto on track for a record year of lithium battery fires after two blazes WednesdayAston Villa: Striker Brian Madjo makes impressive entrance after eight months in limbo2 soldiers dead after Apache helicopter crashes in Texas: ArmyCEBL moves to single-game championship in Winnipeg after Game 1 cancelled – WinnipegThe Best Way to Avoid Diarrhea Lettuce? This Indoor Garden6 Active Fighter Jets That Can Exceed Mach 2Two killed in military helicopter crash in TexasSubnautica 2 now has a beta update branch, letting players try out patches before they’re finished, but beware, your saves won’t carry overBlue Elephant Opens First U.S. Store in Beverly HillsEbola outbreak on track to be deadliest ever, WHO chief saysStatement by Minister Anand and Minister Anandasangaree on Hong Kong arrest warrantsAir Canada shares jump after it sells 25% stake in Aeroplan for $2.5 billionWhy this American doctor is leaving Utah to serve a remote community in B.C.Jonas Brothers to perform at NFL’s first regular-season game in AustraliaAI nuclear power firm Fermi finally has a new CEOSaskatoon councillors uphold funding behind controversial $297K art installation – SaskatoonBaby with heart defect born to surrogate must receive treatment, Texas court rules, amid multistate legal battleDesperate search for earthquake survivors Poorer Americans are struggling to make ‘ends meet’, top Fed official saysZachary Nixon, Vincent Desmarais take leave of Parliament HillGlobal Water Resources Reports Second Quarter 2026 ResultsQuebec boxer Tammara Thibeault still processing history-making world championship winA Rare Two-Player Computer Space Arcade Machine Is Up For AuctionHow to easily transfer Avios between all 7 airline programsThe Hundred 2026 results: Mi London and Welsh Fire eliminated from knockoutsBig Walk devs talk the Australian bush and friendslop: ‘I’d prefer the second word wasn’t slop’Another six whales being moved out of Marineland, headed to U.S. aquariumsLeading doctor rebukes NHS chiefs over transplant crisisOnce-in-a-lifetime total solar eclipse sweeps across EuropePixel 11 vs. Pixel 11 Pro vs. Pixel 11 Pro XL: Google’s Latest Phones ComparedWho What Wear Podcast: Rudy ManceDogs can tell when you’re happy, scared or sad, new brain scans showSpeed of ‘horrific’ wildfire in B.C.’s Okanagan outran modelling: Premier David EbyG Mining Ventures Reports Second Quarter 2026 Results – Strong Quarterly Free Cash Flow Reflects Solid Operational PerformanceFlights at Wabush Airport to resume after days of disruptions, airline saysMovie Review: ‘Super Troopers 3’Hong’s Defeat in Wisconsin Sparks New Disagreements Within Democratic PartyAus vs Ban 1st Test 2026 – Australia bat first in Darwin, Bangladesh play Ebadot and MahmudMassive, slow-moving load may cause central Alberta traffic delays – Edmonton‘Creepy thing to do’: Pardoned Jan. 6 defendant convicted in hair-touching caseThis 8BitDo mechanical keyboard has an extra keypad and is 30 percent offImmortality creator Sam Barlow’s new video-scouring game is sci-fi horror Precognition, a collab with filmmaker Brandon Cronenberg, in which you see and change the futureFrom Classified Test Flight To $20 Billion Contract: The F-47’s Rapid RiseEuropeans, Braced for 5th Heat Wave of 2026, Have Had EnoughMinister of Justice and Attorney General of Canada announces a judicial appointment in the province of British ColumbiaMarc Anthony, Chayanne and more to play benefit concert for Venezuela and Colombia earthquake reliefParks Canada finding success in reviving threatened fish species in BanffWATCH: Oregon tourist dies after falling from iconic waterfallWhitby man who confessed murdering estranged wife on social media found guiltyArmy gynecologist pleads not guilty to secretly recording patientsToddler’s tragic death from brain-destroying amoeba offers lessons for doctorsPhillies vs. Twins odds, prediction, time: 2026 MLB Field of Dreams Game picks from proven modelBest Shoes for Treadmill Walking 2026: Shop Styles From Brooks, NikeIran war live: US, Tehran exchange opposing claims over Hormuz control | Donald Trump NewsCanada Gazette – Part I, January 5, 2024, volume 158, number 1
Coming off a holiday-shortened week filled with tons of labor market data and a surprising jobs report, investors are greeted with a relatively quiet stretch in the week ahead.
Markets will pick things up after a mixed Thursday that saw an unsure market with the S&P 500 (^GSPC) closing flat, the Nasdaq (^IXIC) falling 0.8%, and the Dow (^DJI) gaining 1.1%.
Monday is likely to be the biggest day to watch on the economic calendar, with a host of index readings from S&P Global and the Institute of Supply Management set to give investors a read on the state of the US service economy.
That data comes after the monthly private payrolls release from data provider ADP showed that the services side of the economy added the dominant count of jobs in June.
In the corporate world, reports from PepsiCo (PEP) on Thursday and Delta Air Lines (DAL) on Friday should highlight the week. PepsiCo’s results should give investors some insight into the state of the American consumer, while Delta is set to provide one more read on the lasting effects of the war in Iran and the energy crisis it kicked off.
Jobs report complicates rate-hike bets
Heading into Thursday, markets were increasingly convinced that a rate hike within the year by Kevin Warsh’s Federal Reserve was all but assured. Then came the June jobs report.
The US economy added 57,000 jobs last month, roughly half the jobs economists had expected. At the same time, May’s massive 172,000 addition was revised down to 129,000, and April’s tally was lowered to 148,000 from 179,000. Not exactly the shining example of the healthy labor market Warsh has been counting on.
While the market continued to fully price in one Fed rate hike this year following the report, markets pulled back slightly on their conviction. On Thursday morning, traders assigned roughly 75% odds that rates would end the year higher than they are now, per CME data. On Wednesday, those odds stood at roughly 84%.
In his first post-Fed decision press conference, Chairman Kevin Warsh focused heavily on inflation and his goal to get it back to the Fed’s 2% target rate, which has remained elusive amid the energy shock of the Iran war.
While June’s employment data was weaker, many economists believe inflation and unemployment may not be particularly linked at the moment, keeping the pressure firmly on price data — something to keep in mind as earnings season approaches.
Job seekers meet with recruiters during the HIRE360 Diversity Hiring Expo & Mega Career Expo at the Carson Event Center on June 30, 2026, in Carson, California. (Justin Sullivan/Getty Images) ·Justin Sullivan via Getty Images
The first-half AI story was all about hardware
The tech trade through the first half of 2026 was, in a word, imbalanced.
The iShares Expanded tech and software ETF (IGV), which tracks a variety of names in the tech sector, is down 12% on the year. Even the Magnificent Seven (MAGS), once the bastions of Big Tech, have, as a group, lost investors 2% over the past six months.
Chip stocks, on the other hand, have had a blowout six months driven by euphoria around memory and storage sales and the need for traditional processors to power the AI build-out.
Micron (MU) was the poster child for explosive growth in the first two quarters of the year, with shares rising an astonishing 308%. Intel (INTC), which is continuing its turnaround effort, rose a similarly impressive 280%, while AMD (AMD) rocketed 173% higher in the period. Take it all together, and the Philadelphia Semiconductor Index (^SOX), which tracks the chip trade, has returned investors roughly 75% since Jan. 1.
That trend’s not likely to go anywhere, according to Bank of America tech analyst Vivek Arya, as the build-out of the physical backbone behind AI continues to rush forward. It’s one more reminder that while AI might be the brainchild of software-minded Silicon Valley, the AI economy is physical.
“We reiterate our thesis of the AI industry moving to addressing structural and physical (chips, power) constraints, from having to defend return-on-investment before,” Arya wrote to clients. “Memory chip shortages and price inflation remain the critical moving pieces.”
People view computer memory and data storage products from American multinational semiconductor firm MICRON TECHNOLOGY, at the COMPUTEX TAIPEI trade show, in Taipei, Taiwan, on June 2, 2026. (Daniel Ceng/Anadolu via Getty Images) ·Anadolu via Getty Images
Economic and earnings calendar
Monday
Economic data: S&P Global US services PMI, June final reading (51.3 previously); S&P Global US composite PMI, June final reading (52.2 previously); ISM services index, June (54.2 expected, 54.5 previously); ISM services prices paid, June (70 expected, 71.3 previously); ISM services new orders, June (57.5 expected, 57.3 previously); ISM services employment, June (48.1 expected, 47.9 previously)
Ex-Chinese Premier Zhu Rongji, who drove economic reforms and led China into the WTO, dies at 97
BEIJING (AP) — Former Chinese Premier Zhu Rongji, the impatient, sharp-tongued reformer who helped ignite China’s explosive economic boom by forcing wrenching change on state industry in the 1990s and…
As hurricane and storm season ramps up, there’s one wardrobe staple you’ll want in your closet: a good pair of rain boots. These waterproof boots from Crocs keep your feet…
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