Public Markets 3h Briefing
×Market Performance
Wall Street investing.com posted its worst month since March amid geopolitics, trade, and AI fears. Meanwhile, gold prices investing.com climbed with spot gold set for a monthly gain of more than 8%, while the dollar investing.com is positioned for its first monthly gain since October. Treasury bonds bloomberg.com had their best month in a year as investors sought safety.
AI and Tech Disruption
Wall Street's bloomberg.com quant playbook has been upended as AI reorders market strategies. The Trump administration finance.yahoo.com ordered federal agencies to stop using Anthropic technology amid Pentagon disputes, with plans to cut the AI start-up from government contracts within six months. Dell finance.yahoo.com jumped the most in two years on bullish AI server sales outlook.
M&A Activity
Netflix wsj.com unexpectedly withdrew from its bid for Warner Bros. Discovery, which was ultimately won by Paramount ft.com in a $110 billion battle. The deal will strain Paramount's bloomberg.com credit rating according to S&P analysts, even as it aims to compete with tech giants dominating Hollywood. Apollo bloomberg.com netted $250 million in paper profits on x AI debt.
Energy and Financials
Hedge funds bloomberg.com increased bullish oil bets to a 22-month high amid rising Iran risks, pushing oil prices wsj.com higher as traders anticipate potential U.S. military action. Bank stocks wsj.com suffered another plunge amid credit and AI fears, while RBC's bloomberg.com high-yield desk faces attrition after losses linked to First Brands collapse.