Finance

Original title: Top 100 Gen AI Apps List Shows Market Stabilizing 00:00 Like many in the world, we are awash with the latest greatest Gen AI app that we should download and when we should use it. What’s interesting with your list is that we’re starting to see basic stability. We’re not seeing a whole host of new names each iteration that. Exactly. Yeah. On this version of the list, we only had 11 new names of the 50 on web, which was a real marked divergence from the last list when it was 17 new names on web. And perhaps most striking to me, we’ve done this list five times now. We do it every six months. And there were 14 names that have made every single list, which for the fact that we’re only two years into AI, means that we’re starting to see some really exciting stability. Olivia Mr. Elon Musk has put in the spotlight recently. App Store methodology says for the avoidance of any doubt, which you just go through the methodology of how injuries and Horowitz’s put this list together for the fifth time, I believe Yeah, it’s all objective data. So fo ...

Original title: Nvidia’s $286 Billion Rout Takes Stock Below Key Level Nvidia Corp. closed below a key technical level for the first time since May as investors continue to rotate out of the leading maker of artificial intelligence chips. The stock fell 2% to $170.74 on Tuesday, a fourth straight negative session that took it below its 50-day moving average of $171.06. Breaking under this closely watched level is seen as a negative sign of near-term momentum trends. ...

Original title: US Astronomers Warn Research Cuts Are a Gift to China 00:00 Why the US versus China? Why is this a worry from a national security perspective, Bruce? Well, the U.S. has long been a leader in astronomy dating back to the end of World War Two. And it’s part of a broader push by the United States to invest in science. And, you know, there are lots of spillover effects from having those sorts of investments. China is making big investments in science. Now, there is concern among many scientists that the Trump administration’s plans to reduce spending, say, by the National Science Foundation, will have an effect not just on the projects themselves, but also on the scientific ecosystem of post-docs and graduate students and all the people who are there to make sense of all the data that gets generated. Bruce just read really quick. Is there any evidence that the US government kind of heeds the warning from the scientific community here in America? Well, we’re still waiting to find out just what the budget allocation will be. Of course, the budg ...

Original title: Trump-Tied Crypto Token Opens for Trading 00:00 When he was pretty shocked earlier to read a story about this specific token in the trading that debuted yesterday and find out the Trump family’s net worth has been eclipsed. Their real estate holdings have been eclipsed by the value of their crypto holdings. How has this token played into that? Hi. So yes, like you mentioned, the Trump family is involved with world Liberty Financial. Both donald trump Jr. And eric trump are co-founders of this company. It has its own stablecoin as well as this cryptocurrency that, like you mentioned, started trading yesterday. And the family also gets a certain percent of revenue from world Liberty Financial. So they’ve seen a big growth from this. Like you mentioned, it rose yesterday, but today it is now down a little. But still with that, this is a token that now has a market cap of near $6 billion. So this is going to be a big boost for the Trump family. Is there a use case for this token money? So this token is used within the World Libert ...

Original title: Oil Gains by Most Since July as Algos Buy Amid Supply Strength Oil edged up by the most since late July as technical buying supported a rally driven by signs of enduring physical market tightness. West Texas Intermediate rose 2.5% to settle near $66 a barrel. Ukraine struck two oil refineries in Russia in a continued assault on energy infrastructure that has begun to hurt flows, pushing Moscow’s crude-processing runs to the lowest since May 2022 Bloomberg Terminal last month. The conflict has contributed to unforeseen tightness in a market that was expected to be overwhelmed by OPEC crude at this time of year. ...

Original title: Crypto Firm Gemini Seeks $317M in IPO 00:00 I got to ask you, since we’re talking about the Trump administration, there’s been a rush of crypto listings as this White House embraces the industry overall. And Gemini Space Station is the latest one. It’s the cryptocurrency exchange led by the Winklevoss twins. What can you tell us about the upcoming IPO? So the Winklevoss twins launch their IPO for Gemini today. They’re seeking to raise about $317 million through this IPO, listing about 16.7 million shares at a price of 17 to $19 per share. This is a crypto company that kind of does a bit of everything. They have a crypto exchange. They offer staking, they offer a stablecoin, a credit card with crypto rewards. And they’re like you mentioned kind of just one of the latest of the crypto companies to do these types of offerings. We’ve seen circle in bullish over the past couple of months, both in the crypto space having large IPOs that really jumped once they started trading. So I’m sure that Gemini is hoping for something simi ...

Original title: Brazil Selling $1.75 Billion in Bonds in Busiest Year Since 2014 Brazil is tapping international debt investors for a third time this year — its busiest for sovereign bond sales in more than a decade — as borrowers return to global credit markets. Latin America’s largest economy is selling $1.75 billion in dollar bonds, reopening $750 million of 2030 notes and issuing $1 billion in fresh debt due in 2056, according Bloomberg Terminal to a person familiar with the matter. The deal launched at yields of 5.2% and 7.5%, respectively, tightening from initial price discussions, the person said, asking not to be named discussing private details. ...

Original title: JPMorgan Revises Junk Spread, Yield, Returns Target for 2025 Strong and resilient fundamentals, robust demand, limited new supply amid expectations of a US rate cut as early as this month have all led JPMorgan to revise its target for spreads on junk bonds, their yield, returns and supply for 2025. After boosting the supply outlook Bloomberg Terminal for high yield bonds to $300 billion, from $225 billion, JPMorgan strategists revised their spread target to 375 basis points from 450. For high yield bonds, that would suggest a yield of 7.5% and a full-year return of 7.5%. This revised forecast incorporates a year-end five-year Treasury yield of 3.65% ...

Original title: Trump-Tied Crypto Token Opens for Trading | Bloomberg Crypto 9/2/2025 00:00 WI > > I’M SCARLET FU. TIM: I’M TIM STENOVEC. WELCOME TO “BLOOMBERG CRYPTO.” SCARLETT: A LOT OF THE TALK CENTERED ON THE DEBUT OF THE WORLD LIBERTY TOKEN ENDORSED BY PRESIDENT DONALD TRUMP AND HIS FAMILY. TIM: THE LATEST CRYPTO BUSINESS IN LINE FOR U.S. LISTING. SCARLET: WE SPEAK TO THE CEO OF HYBRID LIQUID STRATEGIES PART OF EIGHT DIGITAL ASSET TREASURY TREND. TIM: FIRST, LET’S CHECK OUT WHAT IS GOING ON IN THE MARKET. YOU ARE SEEING QUITE A BIT OF GREEN. RISK OFF DAY FOR STOCKS AND BONDS AND NOT SO MUCH FOR CRYPTO. BUDGET CONCERNS IN DEVELOPED WORLD COUNTRIES RESURFACING. IT IS ALL GOOD WHEN IT COMES TO THESE THREE CRYPTOCURRENCIES. BITCOIN UP 1.8, 1.9%. ETHER MOVING BETWEEN RED AND GREEN BUT UP .3%. HITTING AN ALL-TIME HIGH OF $4800 PER TOKEN JUST LAST WEEK. SCARLET: LET’S TAKE A LOOK AT A TWO DAY CHART OF THE MARKET CAP, A CRYPTOCURRENCY TIED TO PRESIDENT TRUMP AND HIS FAMILY. IT BEGAN TRADING YESTERDAY AND CANNOT BE BOUGHT AND SOLD ON THE OPEN MARKET. EACH TOKEN IS WORTH $.3 ...

Original title: Goldman Sees Reserves Sub-$3 Trillion Despite Funding Relief A torrent of US Treasury bill issuance in August is likely to ease this month, relieving pressures on funding markets, but won’t be enough to prevent a gradual slide in bank reserves below $3 trillion by the end of the quarter, according to Goldman Sachs & Co. The Treasury has moved aggressively to refill its coffers — known as the Treasury General Account or TGA — since Congress lifted the debt ceiling two months ago. In August, the department’s net new supply of bills totaled more than $373 billion, TreasuryDirect data show. While that was a considerable total for fixed-income investors to digest, it also means that the weeks ahead may require less issuance as a result — in turn lightening the load on front-end markets. ...