markets

Luke Kawa5/7/25

Google tanks, dragging market lower, after Apple says it’s considering adding AI search in its browser

These headlines from Eddy Cue, senior VP of services at Apple, are tanking shares of Alphabet — and the entire US stock market:

*APPLE’S CUE: SEARCHES IN BROWSER FELL FOR FIRST TIME IN APRIL

*APPLE’S CUE: APPLE EXPLORING ADDING AI SEARCH TO ITS BROWSER

*APPLE’S CUE: BELIEVES PERPLEXITY, ANTHROPIC COULD BE OPTIONS

Per Bloomberg, these comments came during his testimony in the US Justice Department’s lawsuit against Alphabet, parent company of Google.

Google has had an effective natural monopoly on search. Notwithstanding (and perhaps even including) legal challenges to its prime position, AI unseating it as the go-to source for whatever question comes to your mind would be a massive headache for the megacap tech giant.

It’s also a reminder that amid all these billions spent on AI, there won’t just be winners, but also probably losers as well. A rising tAIde will not lift all boats.

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Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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