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Morning Bid: Chips and ships
Reuters36d agoneutral
Morning Bid: Chips and ships

By Anna Szymanski July 17 (Reuters) - From the Editor Hello Morning Bid readers! We can’t seem to get away from semiconductors and straits.

Bloomberg36d agoneutral
Hyperscalers Are Dragging Down Bond Gauges Across Global Markets

(Bloomberg) -- The bonds sold by hyperscalers to fuel their artificial intelligence ambitions have become a drag on investor portfolios from London to Tokyo.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble 1.5% as Chip Rout Deepens: Markets WrapUS Cyclospora Outbreak Tied to Taco Bell Lettuce From MexicoFrom fa

Bloomberg36d agoneutral
IBM’s Warning Is a ‘Hammer’ Slamming Down on Tech’s AI Outsiders

(Bloomberg) -- International Business Machines Corp.’s warning this week that its sales are falling well short of expectations highlights a growing divide between artificial intelligence winners and everyone else in the tech universe.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble 1.5% as Chip Rout Deepens: Ma

TSMC hikes 2026 guidance as AI demand outpaces capacity
TheStreet36d agoneutral
TSMC hikes 2026 guidance as AI demand outpaces capacity

ASML Holding raised its full-year sales guidance on July 15 for the second time in 2026, and investors treated it as confirmation that the AI buildout still has room to run. A day later, Taiwan Semiconductor Manufacturing (TSM) did almost the same thing, lifting its own 2026 outlook for the second ...

Bloomberg36d agoneutral
Circle Gets Street-Low Target as Stablecoin Competition Heats Up

(Bloomberg) -- Circle Internet Group Inc. shares have lost more than three-quarters of their value from the highs seen just after their initial public offering last year and as more stablecoins come to market, one analyst is warning it could get worse.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian T

Stocks sink as chip rout deepens, oil set for weekly gain
Reuters Videos36d agoneutralVIDEO
Stocks sink as chip rout deepens, oil set for weekly gain

<body><p>STORY: A brutal selloff in chipmakers spread through global markets on Friday.</p><p>It led to a rout across Asia and also saw European shares open lower.</p><p>It follows a shift in investor sentiment about an AI-driven rally as they reassessed its durability.</p><p>Investors fled risk across Asia, which sent MSCI's broadest index of Asia-Pacific shares outside Japan down 2.7%.</p><p>While the Nikkei tumbled more than 5%.</p><p>Taiwan's stock market plunged more than 6% for its worst day since U.S. President Donald Trump's "Liberation Day" tariffs.</p><p>Hong Kong's Hang Seng Index also slid 2.5%.</p><p>The selloff came even as Taiwan's TSMC announced second-quarter profit that blew past forecasts earlier in the week.</p><p>Another AI-exposed firm in ASML also raised its sales forecasts earlier this week.</p><p>Markets in South Korea were closed on Friday for a holiday.</p><p>It came a day after authorities announced they would temporarily ban new listings of exchange-traded funds (ETFs) tied to certain major tech firms.</p><p>They will also raise minimum required deposits for retail investors to invest in such products as they try to lower&nbsp;volatility.</p><p>Oil prices were also on the rise in commodities.</p><p>Brent crude futures crept up 0.1% at just over $84 a barrel.</p><p>Iran said it launched fresh attacks on U.S. facilities in the Gulf on Friday.</p><p>That comes after a sixth consecutive night of U.S. strikes on Iranian military facilities.</p><p>Brent and U.S. crude futures were due to rise more than 10% each for the week.</p></body>

💬 Money Quote: Spending Skepticism
The Wall Street Journal36d agoneutral
💬 Money Quote: Spending Skepticism

📣 "Concerns are brewing about whether these assets will remain technologically competitive long enough to generate attractive returns to justify the spend." — Susannah Streeter, chief investment strategist at U.

US burrito chain Chipotle opens first restaurant in Mexico
Reuters Videos36d agoneutralVIDEO
US burrito chain Chipotle opens first restaurant in Mexico

<body><p>STORY: :: San Pedro Garza Garcia, Mexico / July 16, 2026</p><p>:: U.S. fast food chain Chipotle, which specializes in Mexican flavors, opens its first restaurant in Mexico</p><p>“(Chipotle) is a brand I connect with mainly in the United States, that’s where I first got to know it. And every time I visited the U.S., stopping by a Chipotle to eat became a must because as you’re walking down the streets, you’re exploring, and you get really hungry, and it’s just such a great option, so that’s what started catching my attention. It became a regular thing, and I became a huge fan. Now that it’s here in Monterrey, I think it’s awesome to have it so close by.”&nbsp;</p><p>:: Chipotle's move into Mexico follows two failed Taco Bell attempts, as locals favored authentic Mexican food</p><p>:: Pablo de Brito, Chipotle General Manager in Mexico</p><p>“Several people asked me: What has Chipotle’s entry into Mexico meant? The reality is that it has meant a lot of work and a lot of research. How does Chipotle’s value proposition connect with Mexican consumers? And when we discovered that consumers in Monterrey are young people with close ties to U.S. culture, who are already familiar with the brand and value the characteristics that make it unique.”</p><p>The fast food chain will offer diners burritos, bowls, tacos, salads and quesadillas at their new spot located inside a mall in San Pedro Garza Garcia.</p><p>Long lines formed outside the restaurant on opening day as customers waited to place orders, many of them already familiar with the brand through visits to the U.S.</p><p>Alsea, Chipotle's local operator, whose portfolio includes Domino's Pizza, Starbucks and Burger King in Europe and Latin America, operates more than 4,830 locations and will serve as the development and expansion partner for the California-based chain.</p></body>

Bloomberg37d agoneutral
Michael Burry Says ‘Good Time’ to Chase Hong Kong Stock Bargains

(Bloomberg) -- Michael Burry, the investor made famous in The Big Short, recommends bargain hunting in Hong Kong’s stock market after it lagged peers during the global AI rally this year. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveUS Cyclospora Outbreak Tied to Taco

Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Associated Press37d agoneutral
Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower

Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised. Oil prices surged as fighting in the Middle East intensified, while U.S. futures slipped.

Morning Bid: Chipped away
Reuters37d agoneutral
Morning Bid: Chipped away

A look at the day ahead in European and global markets from Rae Wee The global chip rout extended into Friday, with stocks in Taiwan and Japan bearing the brunt of the beating, while South Korean