Global equities ended last week little changed in local currency and up 0.6% in sterling terms. This continued the choppy pattern of recent weeks with markets currently down 1.5-2% from their peak in early June. The US underperformed with a gain of 0.3% in sterling terms while the UK and emerging markets were both up around 1.3%.
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.

#strait #back #sterling

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There has long been an elephant in the Federal Open Market Committee's room as it tries to accomplish its mission of promoting maximum employment and stable prices. It's just much, much bigger now, and it's hard to ignore a $2 trillion elephant.
That's roughly how much the US government is issuing in new Treasury bills and bonds each year as the country's budget deficit swells. Its massive spending problem isn't new: The US has run a deficit for more than two decades, helped along by the 2008 financial crisis and the COVID-19 pandemic. But the economy is looking relatively healthy now, with inflation down from its decades-high record in 2022, shrinking to 3.5% in June. Weekly jobless claims just dropped to their lowest level since 1969. And yet the government is still issuing increasing amounts of debt. Economists say it's unsustainable.
Reducing the federal deficit may be Congress's job, but the central bank, led by Chair Kevin Warsh, has to contend with the economic effects of Treasury borrowing as it determines whether to hike, cut or hold interest rates steady. A committee that already is split on where interest rates should head will gather this week to decide what's next as a growing chorus of experts point to the problem the federal deficit poses.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.

#much

Celtic player Camilo Duran poses for pictures at Celtic Park, Glasgow on Thursday 23rd July 2026. Photo Andy Buchanan/Shutterstock
That game will be packed but today's friendly against a lightweight AC Milan side that will be missing multiple top performers, will not be well attended due to the Celtic support once again being frustrated and angry with the club for creating another summer of discontent through their inactivity in transfer market, so far only getting one deal over the line with the £5m signing of Camilo Duran from Qarabag.
That transfer fee has been more than covered by the sale of Luis Palma to Lech Poznan for £3.5m and Maik Nawrocki to RC Lens for £2m. And with Celtic CEO Michael Nicholson in discussions to sign four new players, it looks like the delay could be caused by an instruction to wait for sales of key players like Daizen Maeda and Arne Engels before proceeding with the purchases Martin O'Neill needs this week.
Maeda should compete his move to Ipswich Town today and that could result in Kasper Hogh from Bodo Glimt coming to Celtic early next week, fingers crossed anyway.
Meanwhile Celtic are haggling over a few hundred grand which is frustrating the move for German midfielder Mika Baur with SC Paderborn resisting the latest Celtic lowballing attempt for their player who has already agreed personal terms with the Scottish Champions and wants the move to happen.

#week

PHOENIX, ARIZONA - FEBRUARY 20: Eddys Leonard #80 of the Milwaukee Brewers poses for a portrait during photo day at American Family Fields of Phoenix on February 20, 2026 in Phoenix, Arizona. (Photo by Jeremy Chen/Getty Images)
LAKELAND, FLORIDA - FEBRUARY 23: Eddys Leonard #51 of the Detroit Tigers poses for a portrait during photo day at Publix Field at Joker Marchant Stadium on February 23, 2024 in Lakeland, Florida. (Photo by Kevin C. **** /Getty Images)
On Friday night, the San Francisco Giants opened up a series with the Los Angeles Angels (at home).
They are looking to rebound after getting swept by the Kanas City Royals (on the road).
GettyEddys Leonard #80 of the Milwaukee Brewers poses for a portrait during photo day at American Family Fields of Phoenix on February 20, 2026 in Phoenix, Arizona.

#leonard #poses #eddys #american

The European Union and the United States took one ultra-laborious step forward in ratifying their bilateral trade deal in late June. Now, the trading partners may be taking several steps back from the hard-fought truce, which took nearly a year to complete.
That's due to an European Commission announcement on Thursday that American tech juggernaut Google will be fined 890 million euros (close to $1 billion) for allegedly violating the trade bloc's Digital Markets Act.
More from WWD
Trump's USTR Imposes Double-Digit Duties on Dozens of Nations Under Forced Labor Probe
Could EU's Clothing Destruction Ban Change How Fashion Overproduces?

#united #commission #american

July 23 (Reuters) - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent ‌years.Below are some of the most significant cases:
GOOGLE The European Commission said ‌on July 23 it fined Google a total of 890 million euros ($1 billion) for breaching European Union rules aimed at curbing the power of Big Tech.
Europe's top court this month largely upheld EU findings that Google used Android to shut out rivals, maintaining a 4.1 billion euro antitrust penalty.
The Commission is also investigating whether ‌Google's use of publishers' content ⁠and YouTube material for artificial intelligence purposes breaches competition rules.
APPLE The European Commission fined Apple 500 million euros in 2025 ⁠under the Digital Markets Act (DMA).

#Antitrust #million

Dell Technologies (NYSE:DELL) surged by 9.32 percent on Wednesday to finish at $441.80 apiece as investors drew encouragement from the surging demand for AI servers using Nvidia chips.
The stock rallied alongside its counterparts, Super Micro Computer (SMCI) and Hewlett Packard Enterprises, helped buoyed by SMCI's record backlog of $60 billion in the fourth quarter of fiscal year 2026.
Investors took the backlog as a hint of strong demand for AI servers using Nvidia GPUs.
For illustration purposes only. Photo by Cookie Cutter on Pexels
For its part, Dell Technologies (NYSE:DELL) in May this year posted an 88 percent jump in revenues to $43.8 billion for the first quarter of the fiscal period ending May 28.

#percent #demand

Beijing lashed out at the European Union after the latter fined AliExpress, the largest Chinese e-commerce platform in the bloc, more than half a billion euros over the uncurbed sale of counterfeit goods on its site.
China's Ministry of Commerce issued a statement on Wednesday, voicing its "strong dissatisfaction and serious concern" over the decision of the European Commission to fine the company 550 million euros (over $627 million) under the Digital Services Act (DSA).

"China firmly opposes the EU's moves to erect digital barriers under the guise of platform regulation and adopt discriminatory measures to restrict and suppress the normal operations of Chinese e-commerce companies in Europe," a spokesperson for the ministry said.
More from WWD
Chanel Expands Les Extraits Line With Limited Distribution
Inside Nike's Big China Reset + Why ******* ysts Are Mixed

#commerce #ministry #euros #beijing

NovaGold extended its winning streak to a third consecutive day on Wednesday, surging 10.30 percent to close at $6.21 apiece after expanding its gold portfolio with the full acquisition of the Donlin Gold project in Alaska.
In a statement on the same day, NovaGold Resources Inc. (NYSEAmerican:NG) said that it entered into a definitive agreement with Paulson Advisers LLC to acquire the latter's entire 40 percent stake in the project through an all-share transaction valued at $4.2 billion.
NovaGold Resources Inc. (NYSEAmerican:NG) will effectively own 100 percent of Donlin Gold—whose projected annual 1.3-million-ounce gold production in its first decade and 1.1-million-ounce gold production over the 27-year mine life is expected to render it the largest gold development project in the US.
It currently holds approximately 40 million ounces of measured and indicated mineral resources, which represents more than twice the industry's average grade.
For illustration purposes only. Photo by Tom Fisk on Pexels

#novagold #nyseamerican #production

Celtic’s new signing Camilo Duran poses for pictures at Celtic Park, Glasgow on Thursday 23rd July 2026. Photo Andy Buchanan IMAGO/ Shutterstock
That review of course will never happen, until perhaps there is structural changes at Celtic but it is the least of our worries as we are just ten more sleeps away from Flag Day against Dundee with just Camilo Duran added to the squad.
And today we are likely to officially lose the services of talisman Daizen Maeda will is set to complete his £10m move to Premier League newcomers Ipswich Town.
Camilo Duran scored in his two pre-season matches against Sporting CP and Middlesbrough and looks like the better late than never replacement for Kyogo who has played for both Rennes and Birmingham and then moved to Los Angeles Galaxy in the time that it took Celtic to officially unveil his replacement to the mainstream hacks.
Celtic’s new signing Camilo Duran speaks at a mainstream media press conference at Celtic Park, Glasgow on Thursday 23rd July 2026. Photo Andy Buchanan IMAGO/ Shutterstock

#thursday #buchanan

BOSTON: Ranger Suárez of the Boston Red Sox poses for a photo at Fenway Park before a press conference announcing his contract agreement on Jan. 21, 2026. (Photo by Maddie Malhotra/Boston Red Sox/Getty Images)
The Boston Red Sox made it clear last winter that pitching would be the key to their 2026 season. Their pitching performance during a recent record 15-game winning streak proved the plan was prudent.
The Red Sox gave up only 32 runs during the streak, an average of 2.13 per game.
Chief Baseball Officer Craig Breslow was the architect of the blueprint. Even when his job appeared in jeopardy when the Red Sox tumbled into last place with a 2-8 start in April and stayed there, he remained confident that good pitching could turn it all around. He told Kaley Brown of Boston.com on June 26:
"We have to win a lot of baseball games and we don't have a ton of time to do it. I believe that we're capable of doing it. It's going to require more consistent play on the field. But I see no reason that with the pitching that we have and the consistency of the starting pitching, with the strength of the backend of the bullpen, we can't get ourselves in a position where we do win these games."

#game

Rep. Jeff Crank (R-Colo.) on Wednesday introduced a resolution requiring House lawmakers to disclose relationships with staffers of other offices or committees to the lower chamber's Committee on Ethics.
Crank's resolution proposes upholding the existing ban on lawmakers from dating their staffers or staffers of a committee they serve on. It also proposes mandating lawmakers confidentially disclose relationships with staffers in other offices or committees to the Ethics panel.
If the circumstances of the relationship changes, members must then give "prompt notification" to the committee.
Under the House Code of Official Conduct, members cannot engage in a "sexual relationship" with their staffers or staffers of committees they work on, with an exception for marriage.
While lawmakers cannot engage in "unwelcome ***** ual advances or conduct" to House employees, the code of conduct does not explicitly bar relationships between members and staffers of other offices and committees.

#staffers #relationships

Nebius Group extended its winning streak to a third consecutive day on Tuesday, jumping 18.78 percent to finish at $216.92 apiece, after Nvidia Corp. helped boost investor confidence in the company following its acquisition of a 9.3 percent stake.
The purchase followed the two companies' investment and partnership announcement earlier this year, under which they will collaborate on developing and deploying next-generation hyperscale cloud for the AI market.
Nvidia also invested $2 billion in Nebius Group NV (NASDAQ:NBIS), reflecting its confidence in the latter's business and unique depth of engineering expertise across the full AI technology stack.
For illustration purposes only. Photo by Brett Sayles on Pexels
Under the terms of the partnership, Nebius Group NV (NASDAQ:NBIS) and Nvidia will collaborate on AI factory design and support, including access to partner design material, design review processes and acceptance, early samples and system software support, bring-up support, and regular system partner business and technical reviews.

#nbis

This article was originally published on ETFTrends.com.
The municipal bond landscape continues to receive significant interest in both flows and supply. That, and investors looking to get muni bonds exposure for tax purposes in portfolios, positions them for serious ETF interest. American Century Investments Vice President and senior portfolio manager, Joe Gotelli recently spoke with VettaFi on his views on the muni bonds market right now.
Gotelli identified the belly of the muni bond curve as a place for real opportunities.
He ****** erted that front end richness and rising Treasury yields as risk areas to watch.
American Century Investments provides muni exposure via ETFs like TAXF and CATF.

#muni #century

Jensen Huang is urging Washington to stop worrying about China's open-source AI just as an all-out panic has broken out over the highly capable, low-cost models that can increasingly compete with the most advanced products by OpenAI and Anthropic.
The Nvidia CEO said in an interview with Axios Tuesday the U.S. should not ban these kinds of models, which are being developed by Chinese companies like DeepSeek, Alibaba, and Moonshot AI—which last week raised alarms when it released its highly capable model, Kimi K3.
While U.S. companies, including AI coding startup Cursor, are increasingly turning to open-source alternatives from China to save on the high costs ***** ociated with American AI models, the White House has reportedly considered restricting their use partly based on fears that the models could be used for surveillance purposes by China or that they could threaten the viability of homegrown AI companies.
The White House reportedly considered using executive power to impose conditions on U.S. companies looking to use Chinese AI models, including forcing these companies to guarantee security and accept liability if breached, Axios reported.
The White House did not immediately respond to Fortune's request for comment.

#Companies #white #China

LIMA — A Lima youth track and field team will send 22 city athletes to the 2026 American Athletic Union Junior Olympic Games, as announced Wednesday at Mayor Sharetta Smith’s media briefing in council chambers.
The former C2K Striders Track Club featured an expanded roster of nearly 90 kids this season, ages 5 to 18, after combining with the Columbus Panthers Track Club. Through the athletes’ perseverance in challenging weather conditions, Coach Roderick Simpson Jr. said, the now-C2K Panthers placed 45 athletes — 22 from Lima — in the youth track and field national championships, which run Saturday, Aug. 1 to Saturday, Aug. 8 at the Drake University stadium in Des Moines, Iowa.
The C2K Panthers are taking donations to fund their national championship trip and future travel. To donate, funds should be dedicated to the group through the Lima Community Foundation at 207 W. Elm St., Lima.
Simpson said that the team merger helped solidify the Lima club while they were “lacking certain things” to compete at the highest level. The personnel connections with the Columbus group played a large role in that fortification, Simpson said.
“That coach (in Columbus), he’s the one who started the program in Lima. He just ended up leaving for job purposes,” Simpson said. “That’s when (Coach Chris Jackson) took over. So, you know, it’s one big family.”

#simpson #columbus #saturday

BLAINE, MINNESOTA - JULY 27: Kurt Kitayama of the United States poses with the Elemental Swing trophy after putting in to win on the 18th green during the final round of the 3M Open 2025 at TPC Twin Cities on July 27, 2025 in Blaine, Minnesota. (Photo by David Berding/Getty Images)
The golf world is coming off the final major of the season, the Open Championship at Royal Birkdale Golf Club last weekend. The dramatic finish, which ended in Ryan Fox claiming victory, has left the next few tournaments on the schedule in the wake of such an important tournament.
Typically, the top players in the game take the week off after a major, unless it is a signature event. However, with the PGA Tour having already completed their eight signature events this year, tournaments that remain between the Open Championship and the FedEx Cup Playoffs remain ones which are filled with players trying to improve their status.
When you look at a tournament such as the 3M Open, it usually lacks the firepower of other tournaments which players have the option of playing; however, this year the 3M open got a boost when the world's top golfer, Scottie Scheffler, entered the field.
Why Scheffler is choosing to play in what most considered a bottom tier event is anyone's guess, but it does provide some star power to the field.

#open #tournaments

NFL training camps open up this week, which means the fantasy football season is fast approaching. While most teams know who will be the starting QB come Week 1, others will be figuring that out in heated competitions. Yahoo ******* yst Matt Harmon poses the biggest QB questions for fantasy going into training camps.
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
Of all the quarterback battles we'll discuss here, the one taking place in Minnesota is the least likely, in my view, to be a real competition. The Vikings are insistent that J.J. McCarthy will get an even shot to be the QB1 over Kyler Murray but I'm highly skeptical. My sentiment isn't unique.
Maybe Murray doesn't hit as the starter; perhaps McCarthy can improve over an all-out flop season in his first showing as a pro. At this current moment, Murray, while a flawed player, is a better option heading into Week 1. McCarthy's 4.31 adjusted net yards per pass attempt in 2025 ranked 40th out of 45 passers with 100-plus attempts. Murray ranked 37th with 4.72, by far the lowest mark of his career. Even in his worst season as a pro in a far inferior environment, Murray was objectively better than McCarthy.
Unless McCarthy is just a dramatically improved version of the player we saw last year, I expect Murray to start the vast majority, if not all, of the games in 2026. As the starter, his rushing chops alone make him a clear QB1 candidate in fantasy but he's also a strong fit in a Vikings' passing game that's extremely downfield oriented, even if he won't access the middle of the field as much as Sam Darnold did for Kevin O'Connell in 2024.

#week

VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced that it has appointed Syed Muhammad Nouman as Group Finance Director.
Nouman will also serve as the company's Principal Financial Officer and Principal Accounting Officer for US Securities and Exchange Commission reporting purposes, following ratification by VivoPower's Audit Committee.
Nouman is a Fellow Chartered Accountant (FCA) with more than 17 years of global finance and accounting leadership experience. He began his career at PwC and has held senior finance roles across the oil and gas, real estate, automation engineering and hospitality sectors.
VivoPower said Nouman brings experience in audit and risk management, IFRS and US GAAP reporting, mergers and acquisitions, commercial finance, real estate investment and development, and global tax management.
The company stated that his appointment is intended to strengthen its finance and accounting function as it expands its sovereign AI data center infrastructure business and advances the planned business combination of its Tembo subsidiary toward an independent listing.

#finance #reporting

Trump Media & Technology Group Corp. (NASDAQ:DJT) rallied by 13.1 percent week-on-week, as investors loaded portfolios amid the revenue prospects from a plan to sell fast access to President Donald Trump's market-moving posts.
In a statement earlier in the week, Trump Media & Technology Group Corp. (NASDAQ:DJT) said that the sale of real-time access is targeted to kick off on August 1, 2026.
It has begun signing up customers ahead of the launch and is onboarding additional partners in the next few weeks.
For illustration purposes only. Photo by Sankret Mishra on Pexels
Trump Media & Technology Group Corp. (NASDAQ:DJT) introduced a new business-to-business data feed that provides licensed, real-time access to posts from the highest-ranking Truth Social accounts.

Shares in Aehr Test Systems Inc. (NASDAQ:AEHR) jumped by 11.6 percent week-on-week, as investors increased their exposure after management posted a highly optimistic outlook for fiscal year 2027, thanks to the continued strong demand for semiconductor testing.
In an updated report last week, the company said that it is targeting to grow its revenues during the period by 160 to 200 percent to a range of $130 million to $150 million, versus the $50 million posted last year, supported by a $100 million effective backlog.
For illustration purposes only. Photo by Sergei Starostin on Pexels
The upbeat guidance overshadowed its weak performance in the full fiscal year of 2026, with net losses wider by 82 percent to $7.1 million versus $3.9 million in fiscal year 2025.
The full-year loss primarily reflected higher losses in the first three quarters of the year, which more than offset the strong recovery in the fourth quarter.

WNBA star Angel Reese is proving that her fashion game is just as strong as her skills on the basketball court, rocking a pair of Reebok sneakers with a chic cutout top and micro shorts. In her latest campaign photoshoot, the athlete showed off a stunning mix of athletic gear and high-fashion style. Posing confidently on a sculptural chair, she looked absolutely fierce.
Angel Reese wore a cutout top and micro shorts with her Reebok sneakers for a new promotional shoot. The WNBA star chose a monochromatic base that highlighted her athletic physique. Specifically, she donned a sleek black long-sleeve top. It featured an asymmetrical, one-shoulder neckline with a chic cutout.
She paired the statement top with matching high-waisted black micro shorts. The all-black outfit created a sharp silhouette. However, she chose to keep her accessories minimal to ensure the focus remained on her vibrant footwear. She then completed the base of her look with black crew socks that blended seamlessly into her outfit.
Reese used her footwear to make a major statement. To add a pop of color to her all-black fit, she slipped into a vibrant pair of sneakers from her own collection in collaboration with Reebok. She wore the brand-new Angel Reese 1 shoes in the striking "Expressive Pink" colorway. The bright pastel sneakers feature bold design and black accents on the heels.
In one of the close-up photos, she playfully poses by holding up one of the pink sneakers next to her face. Consequently, the shoe took center stage. The bright pop of color instantly transformed a simple sporty look into a major fashion moment.

The U.S. military hit bridges and energy sites in Iran in its latest round of strikes against the Middle Eastern country early Friday morning.
The Islamic Revolutionary Guard Corps (IRGC) responded with attacks on U.S. bases in the Gulf region, including in Kuwait, Bahrain and Jordan.
The IRGC also said it attacked a U.S. special operations command center at the al-Tanf garrison military base in Syria — an ***** ertion that U.S. Central Command disputed on Friday morning.
"CLAIM: Iranian forces claim they attacked al-Tanf Garrison in Syria and captured or killed American troops in the process. FALSE," the military command wrote on social media. "FACT: No U.S. troops in the region have recently been killed or captured."
In an interview earlier this week, President Trump telegraphed expanding the U.S. strikes to Iranian infrastructure, which critics have noted could constitute war crimes if the targets were not being used for military purposes.

WNBA star Angel Reese is proving that her fashion game is just as strong as her skills on the basketball court, rocking a pair of Reebok sneakers with a chic cutout top and micro shorts. In her latest campaign photoshoot, the athlete showed off a stunning mix of athletic gear and high-fashion style. Posing confidently on a sculptural chair, she looked absolutely fierce.
Angel Reese wore a cutout top and micro shorts with her Reebok sneakers for a new promotional shoot. The WNBA star chose a monochromatic base that highlighted her athletic physique. Specifically, she donned a sleek black long-sleeve top. It featured an asymmetrical, one-shoulder neckline with a chic cutout.
She paired the statement top with matching high-waisted black micro shorts. The all-black outfit created a sharp silhouette. However, she chose to keep her accessories minimal to ensure the focus remained on her vibrant footwear. She then completed the base of her look with black crew socks that blended seamlessly into her outfit.
Reese used her footwear to make a major statement. To add a pop of color to her all-black fit, she slipped into a vibrant pair of sneakers from her own collection in collaboration with Reebok. She wore the brand-new Angel Reese 1 shoes in the striking "Expressive Pink" colorway. The bright pastel sneakers feature bold design and black accents on the heels.
In one of the close-up photos, she playfully poses by holding up one of the pink sneakers next to her face. Consequently, the shoe took center stage. The bright pop of color instantly transformed a simple sporty look into a major fashion moment.

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The 2026 MLB All-Star Game will not go down in history as one of the most memorable Midsummer Classics in the near-century-long history of the event. Highlights on the field were few and far between, broadcast debacles and poorly-executed ideas compromised the viewing experience, and several distracting pieces of vaguely baseball-themed pageantry bloated the presentation of a contest which would have otherwise flown by.
But for our decidedly narrower purposes here at Pinstripe Alley, the game was a splendid success. The American League defeated the National League 4-0 at Citizens Bank Park, fueled by a first-inning rally which was paid off by both Yankees representatives in John Schneider’s starting lineup. The man who drove in the first two runs, Cody Bellinger, was eventually named All-Star Game MVP, the fourth Yankee to ever win the honor. The AL pitching staff limited the NL to just three hits all night in a tidy victory for the Junior Circuit.
The game was listed as beginning at 8pm ET, but fans needn’t have worried about missing the first pitch, which came almost a full half-hour later. All the pomp and circumstance gave way to a dream start for the AL—and the little Yankee contingent nestled within their starting lineup. Phillies ace Cristopher Sánchez received the opportunity to start the All-Star Game on his home mound, but he may have been a bit nervous. His command was sporadic as the AL built a rally on a Yordan Alvarez single and a pair of walks. With two outs, Cody Bellinger came up with an opportunity to stake his side to an early advantage.
There are more ideal scenarios to face Bellinger than with two runners in scoring position and a left-handed pitcher on the mound.
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As the college football world turns, University of Hawaii head coach Timmy Chang remains grounded in his goals.
“I think college football has changed,” said Chang, who enters his fifth season as the Rainbow Warriors’ leader. “You have to be flexible to build a roster and compete. We’re doing that. We’re a different type of program. We’re in a different location. And that poses different factors and opportunities and challenges that we have to be able to adapt.”
Fifty-four months after inheriting a disheartened program that was in emotional turmoil, Chang is navigating an evolving landscape. The transfer portal has eased the way for players to change schools without interruption. Student-athletes may now profit from use of their name, image and likeness. The House vs. NCAA settlement requires profit sharing up to $20.5 million annually per school. (UH has budgeted $5 million for NILs and profit sharing this coming academic year, with $2.5 million earmarked for football.)
The Rainbow Warriors have been impacted living in a material whirl.
“Jackson Harris is an example,” Chang said of the wideout who received a lucrative NIL deal after transferring to LSU following the 2025 regular season. “I think he loved our program, but he left for the money.”

Jordan Walker of the St. Louis Cardinals poses with the trophy after winning the 2026 Home Run Derby. (Photo by Emilee Chinn/Getty Images)
Philadelphia fans pride themselves on their blue collar nature; on their up by the bootstraps always the underdog, never fully respected position in the sports firmament. And their ardor runs deep; no visitor is safe – not even Santa Clause – from their vitriol.
On Monday night in Philly, in the 40th iteration of the Home Run Derby since it was brought back in 1985, those fans showed up to Citizens Bank Park for their hometown players Bryce Harper and Kyle Schwarber, and showed out for everyone else. The more than 43,000 in attendance ******* ily booed everyone not wearing Phillies red, with the loudest saved for Ben Rice of the Yankees (a “Yankees suck” chant, usually reserved for Fenway Park, even erupted at one point).
During the introductions, Schwarber and Harper were saved for last, and the crowd erupted as each climbed into the home plate shaped ring erected behind second base. And then it was on.
The nearly three-hour event, broadcast for the first time on Netflix, started off with a bang. Boston’s Willson Contreras led things off with 13 home runs – seven in his first ten swings – with four traveling at least 470 feet, and one landing 490 feet from home. Jordan Walker of the Cardinals matched him with 13 of his own. All of that was prologue for what was to come.

Artificial Intelligence has grown in popularity over the past five years, from something consumers only knew from sci-fi movies to a widely used technology. Many companies are now using AI in some form, and it has become part of everyday life for many consumers, with AI services integrated into internet search engines, phone applications, and other daily interactions. However, as AI is deployed at a faster pace, it is becoming clear that the technology cannot be used as extensively as tech companies had hoped, while companies are realising the value of human workers.
Investors have rushed to buy tech stocks on New York stock market indexes, such as the S&P 500 and the tech-heavy Nasdaq, in recent years, as more companies launch AI services. Just seven companies, Amazon, Alphabet (Google), Nvidia, Meta (Facebook), Microsoft, Apple, and Tesla, have dominated this focus. An increasing number of City ******* ysts and financial economists are now warning that the AI bubble will eventually burst.
Jeremy Grantham, the founder and investment adviser at a large ******* et manager, said he planned to sell his tech shares as he expected the AI bubble to burst soon. Grantham said that AI was similar to the invention of railways or the internet in that everyone overinvests and, when they realise it is a utility, such as electricity, they understand that there is not much money to be made from the invention itself, except for the companies that build services around it.
Companies and consumers have been wowed by the capabilities of AI technologies, which appear increasingly intelligent. More and more companies are investing in integrating AI services into their operations, while consumers are using AI for basic, everyday tasks, such as internet searches. However, as AI booms, users are slowly losing confidence in certain services, as it becomes clear that there are limits to AI's "intelligence" or human-like capabilities.
In the manufacturing sector, companies have been investing in automation for decades, as engineering and tech firms develop automated equipment capable of performing simple tasks in place of humans. This has helped speed up production lines, reduce the need for humans to conduct more dangerous or monotonous tasks, and lower the price of goods. However, the advent of AI poses a far greater threat to workers in the sector.