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How China is building a digital belt and road for Artificial Intelligence. Xi Jinping's first appearance at the World Artificial Intelligence Conference marks the beginning of a new phase in the AI race, one defined less by superior models than by the ability to build the world's dominant ecosystem.
Two things are true in 2026: innovation is advancing at an unprecedented pace, and the cost of deploying new technologies is falling rapidly.
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U.S. equities ended mostly lower, pressured by doubts over the payoff from heavy AI capex and a sharp jump in oil prices. The Nasdaq lagged (-2.13%) while the Dow, S&P 500, and Russell 2000 fell more modestly. Corproate earnings dominated a thin macro week, with 86 S&P 500 names reporting. Alphabet and Tesla both sold off on elevated capex and softer cash flow reinforcing the broader unease about big tech's AI spending. On the geopolitical side, stalled ceasefire efforts in the Middle East sent brent oil to $100. Energy shares benefited; travel and consumer names suffered. The spike in oil prices revived inflation concerns, pushing Treasury yields up and nudging market pricing toward a possible Fed hike.
Andy Burnham was invited by King Charles III to form a government on Monday, July 20, becoming Britain's 59th Prime Minister...
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