Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first It was total “Jensanity” at Computex in Taipei last week as the Nvidia boss showed up at Asia’s largest tech expo and generated headlines with stunts like writing “Jense...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first It was total “Jensanity” at Computex in Taipei last week as the Nvidia boss showed up at Asia’s largest tech expo and generated headlines with stunts like writing “Jensen was here” in the washroom. Alongside the larks and announcements about next-generational hardware, Jensen Huang may have set the tone for future US-China tech geopolitics. He announced that Nvidia is partnering with Chinese company Unitree Robotics for the chipmaker’s first robotics system, combining a six-foot Unitree droid with Nvidia hardware and software. At home, Nvidia is navigating a chip export control minefield , blocked from shipping the bulk of its advanced semiconductors to China, though that doesn’t include the robotics tech for the Unitree deal. In Taipei, Huang anchored the company’s flagship robotics tech to a Chinese manufacturer — just as the world gets more obsessed with robots . As investors seek the next evolution of artificial intelligence, China is pushing forward in robotics , with companies in the country including Unitree, Lejo Robotics and Deep Robotics all moving towards IPOs. The US has more startups in the sector — and finding it needs Chinese manufacturing prowess to try and produce humanoid robots, the holy grail of so-called physical AI. As Washington and Beijing battle over semiconductors and AI models, the frontier of robotics may prove the one field that’s strategically vital to both — and too technically demanding for either side to pursue in isolation. Join the conversation today : Apple’s WWDC offers a glimpse into its big AI comeback attempt and the new Siri. Mark Gurman answers your questions in a Live Q&A conversation with Edward Ludlow starting at 1 p.m. EDT. Join the livestream and send your questions in advance to liveqa@bloomb...
JPMorgan Chase (NYSE: JPM) is a driving force of the broader economy. And the gigantic bank has been a huge winner thanks to strong fundamental performance. During the past decade, its shares have generated a total return of 527% (as of June 8). That gain comes up well ahead of smaller rival Bank of America (NYSE: BAC) , whose shares delivered a total return of 369% during the same time. From the ...
JPMorgan Chase (NYSE: JPM) is a driving force of the broader economy. And the gigantic bank has been a huge winner thanks to strong fundamental performance. During the past decade, its shares have generated a total return of 527% (as of June 8). That gain comes up well ahead of smaller rival Bank of America (NYSE: BAC) , whose shares delivered a total return of 369% during the same time. From the market's perspective, investors might struggle to find differences between these two companies. After all, they each have a meaningful presence in different areas of the financial services sector. But JPMorgan Chase trades at a price-to-book (P/B) ratio of 2.4, representing a sizable 71% premium to Bank of America's 1.4 multiple. What's causing this large valuation gap? And does it tell us anything about the investment implications of these two financial stocks ? Continue reading
Since Lockdowns, A 12% GDP Loss; Half Of US Dollar Purchasing Power Stolen Authored by Jeffrey Tucker via The Brownstone Institute, Many of us have had the intuition that the economic damage from 2020 – including industrial stoppages, monetary printing, supply-chain disruptions, extended school closures, and general population demoralization – was in fact far greater than official statistics indic...
Since Lockdowns, A 12% GDP Loss; Half Of US Dollar Purchasing Power Stolen Authored by Jeffrey Tucker via The Brownstone Institute, Many of us have had the intuition that the economic damage from 2020 – including industrial stoppages, monetary printing, supply-chain disruptions, extended school closures, and general population demoralization – was in fact far greater than official statistics indicate. What follows will shore up this intuition, using new techniques and numbers from an innovative project called RealityIndex.co . It’s true that official data is bad enough, showing a 26% loss in purchasing power, slow growth in output, and only marginal improvements in real income. The labor participation rate and worker/population ratio never fully recovered and continue to fall. Output has been lackluster. It’s supposedly running 2.3% which is about half the postwar norm for US economic performance. It feels like a general downshift. Official data shows a brief recession in 2020 followed by gradual economic recovery overall. But is this even true? In 2024, Brownstone Institute commissioned a study (by E.J. Antoni and Peter St. Onge) that concluded that we have never really entered recovery after 2022. We’ve been in a technical recession since that time. They got this with some limited adjustments of price data bumped up against output data. That study was met with brutal attacks, with every critic falling back on official data and doubting the supposed extremism of the conclusion. That’s where matters have stood even as reports pour in concerning broken labor markets, no raises for 1 in 4 professional-class workers, and sketchy Gross Domestic Product (GDP) data that seems barely above zero thanks mainly to medical-sector subsidies, government spending, and social services. Then there are the learning losses showing dramatic declines in test scores among affected students. We are left with real questions. How can consumer sentiment be at historic lows given that the ov...
Nikolai Mentuk KBR ( KBR ) announced that its Mission Technology Solutions business has been awarded a $95M Digital Engineering and Enterprise Decision Support (DEEDS) contract by the U.S. Space Force. The five-year, single-award cost-plus-fixed-fee contract is designed to rapidly advance digital engineering capabilities, space systems development, and space warfighting technologies. Operations wi...
Nikolai Mentuk KBR ( KBR ) announced that its Mission Technology Solutions business has been awarded a $95M Digital Engineering and Enterprise Decision Support (DEEDS) contract by the U.S. Space Force. The five-year, single-award cost-plus-fixed-fee contract is designed to rapidly advance digital engineering capabilities, space systems development, and space warfighting technologies. Operations will be performed at Kirtland Air Force Base in New Mexico, directly supporting Space Force missions within the Air Force Research Laboratory’s Space Warfare Directorate. KBR will leverage Model-Based Systems Engineering (MBSE) alongside advanced Modeling and Simulation ((M&S)) to accelerate the transition of next-generation space capabilities from pure concept to active operational deployment. "By integrating advanced software, systems engineering, modeling and simulation and operations research, we help our customers field critical space capabilities faster and with greater confidence ," said Jay Lennon , Senior Vice President of Mission Technology Solutions. The contract strengthens KBR’s decade-long positioning as a high-priority national security partner for defense and space missions. More on KBR, Inc KBR, Inc. (KBR) Q1 2026 Earnings Call Transcript KBR, Inc. 2026 Q1 - Results - Earnings Call Presentation KBR: Low Valuation And Healthy Long-Term Drivers Make It A Buy KBR awarded $8B Antarctic research support contract from NSF KBR targets January 4, 2027 Mission Tech spin while reaffirming 2026 guidance
Sugar futures fluctuated in New York as traders weighed ample Brazilian supplies against mounting El Niño risks that could tighten global supplies later this year. Prices remain near 2020 lows as Brazil’s accelerating cane crush and weaker ethanol demand boost near-term sugar supplies. Still, slowing cane replanting and concerns that El Niño could curb production in key Asian growers India and Tha...
Sugar futures fluctuated in New York as traders weighed ample Brazilian supplies against mounting El Niño risks that could tighten global supplies later this year. Prices remain near 2020 lows as Brazil’s accelerating cane crush and weaker ethanol demand boost near-term sugar supplies. Still, slowing cane replanting and concerns that El Niño could curb production in key Asian growers India and Thailand have fueled expectations that the market will shift from surplus to deficit in the season beginning in October. That outlook has seen some analysts turn bullish. Morgan Stanley recently raised its medium-term forecast to 17 cents, warning the market is underestimating risks to future supplies. In May, Citi said it expects sugar to climb to 17 cents a pound over the next three months and 19 cents over the next year. However, money managers appear to be shrugging off supply worries, increasing their net-short positions to the most bearish level in six weeks in the week ended June 2, according to the latest Commodity Futures Trading Commission data released on Friday. “The main backdrop remains expectations of ample sugar availability over the coming months,” StoneX analyst Mateus Campos said in a note. “Meanwhile, funds still hold a sizeable net-short position, which limits the scope for fresh selling but continues to lack the catalysts needed to trigger a more meaningful round of short covering.” For now, the market remains locked in a 14-to-16 cent range, with traders waiting for a driver such as a surge in energy prices, a shift in India’s export policy or Brazilian production data that alters expectations for the sugar-ethanol mix, according to Arnaud Lorioz, chief executive officer of Paris-based brokerage Deepcore. Raw sugar fell 0.3% to 14.08 cents a pound in New York. White sugar was down 1% Cocoa futures gained 2.2% in New York
Innodata (NASDAQ: INOD) stock started the year down by more than 50% from its 2025 highs. Investors appear to have moved past that slow start, though, as Innodata's share price spiked 162% over the past month. The company's Q1 report offered exciting developments that seemingly turned an underperforming artificial intelligence (AI) stock into one of the top performers overnight. Here's what invest...
Innodata (NASDAQ: INOD) stock started the year down by more than 50% from its 2025 highs. Investors appear to have moved past that slow start, though, as Innodata's share price spiked 162% over the past month. The company's Q1 report offered exciting developments that seemingly turned an underperforming artificial intelligence (AI) stock into one of the top performers overnight. Here's what investors should consider when gauging if Innodata's recent rally is here to stay or if a correction is due. Image source: Getty Images. Continue reading