Oracle raises risks of data center spending

The company is locked into leases for future computing power ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot SAP SE €135.08 -0.7% Apple Inc $289.36 +2.7% Kioxia Holdings Corp ¥89,680.00 +1.4% Market data as of 07:14 PM ET. Data is subject to provider delays. Your watchlist Top Stories SAP shake-up: For the second time this year, the German software company has reorganized executive responsibilities. Chief Executive Officer Christian Klein will take over much of the product team. Apple’s legal battle: The US Supreme Court said it would hear an appeal by Apple involving its long-running antitrust battle against Epic Games. The justices will review a contempt ruling against the iPhone maker. Anthropic’s new tool: The AI company is releasing Claude Science, new software aimed at helping scientists automate aspects of their research. It pulls together more than 60 scientific databases. Must Reads SpaceX IPO Left Mirae With No Shares on Misunderstanding It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues. Chip Stocks Put Up Their Best Quarter Ever With Some Wild Swings Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Amazon to Pay $2.25 Million to End US Case Over ID Theft Amazon.com Inc. agreed to pay $2.25 million to settle US claims that it routinely failed to provide records to help customers who were victims of identity theft. Beyond The Brief Oracle is among six tech firms that have committed a total of more than $850 billion to lease data centers in the future to meet the demand for AI work, Brody Ford reports in today’s Tech In Depth. And Oracle lays out all the ways that huge spending could go wrong in the “risk factors” to its business in the company’s routine regulatory filings, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. New From Bloomberg Get the AI Today newsletter, chronicling the disruptions and threats of AI on businesses, workers, finance and economies with analysis from Bloomberg’s global newsroom. Before You Go... CIA Aims to Speed Tech Adoption as AI Is ‘Rewriting’ Conflict CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |

Trump’s crypto boost

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. Donald Trump’s crypto earnings draw attention. We explain how to make the most out of your child’s Trump Account. And some Wall Street women are finding online fame. Listen to the day’s top stories. — Rose Henderson and Marc Perrier Market Snapshot S&P 500 Futures 7,534.75 -0.2% Nasdaq 100 Futures 30,387.00 -0.4% Bloomberg Dollar Spot Index 1,224.64 +0.2% Market data as of 06:45 AM ET. Data is subject to provider delays. Your watchlist Donald Trump reported earnings of at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure. Crypto was by far the biggest source of his income. The filling also showed he earned $26 million from foreign real estate deals, reigniting concerns that he may be profiting from his presidency. US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are progressing, according to a senior administration official. Elsewhere, however, Israel and Lebanon’s fragile peace deal faces fresh uncertainty after Hezbollah vowed to derail its implementation. Oil fell as traders monitored the talks. Trump Takes a Backseat to Reagan Conservatives at Supreme Court Read more The US removed foreign access restrictions on Anthropic’s advanced artificial intelligence models. The company said it will restore global access across its platforms starting today, though some restrictions on Mythos had already been eased in June. Read our explainer on what Mythos is and why it was blocked. Nike executives said their consumers remain under pressure across the world, weighing on sportswear sales as the company tries to revive growth. Slow progress under chief executive officer Elliot Hill has frustrated investors, with shares on track for a fifth consecutive annual decline. It’s getting hot. Hundreds of daily temperature records are set to be tied or broken in the coming days as a record heat wave bares down on the East Coast. The Trump administration has declared a power emergency for the US’s largest energy grid, while soaring temperatures are set to make conditions even tougher for players at the World Cup. Meanwhile, the heat—along with England’s run in the tournament—is boosting prospects for England’s pubs, who are hoping fans’ expectations of a spot in the final aren’t misplaced. Deep Dive: Smart Saving Starting July 4, families with children who are US citizens can begin contributing to the new tax-advantaged Trump Accounts. Here’s how to get the most out of them. Claim the free money. Children born between the beginning of 2025 and the end of 2028 will receive a $1,000 federal deposit, while dozens of companies and billionaire CEOs have pledged matching contributions. Weigh your savings priorities. Taking the free $1,000 is the easy call. The harder decision for many parents is how much to contribute beyond that and whether those dollars are better invested elsewhere. When they turn 18, maximize with a Roth IRA as the real strategy of a Trump account comes years after it’s opened. Keep good records—and remember things will change. For all the promises Trump Accounts hold, several key issues remain unresolved. The Big Take Citi CEO Jane Fraser. Photographer: Louie Douvis/Australian Financial Review/Getty Images  Citi Chief Executive Officer Jane Fraser is quickly building a rapport with Trump and his administration, a feat that has eluded many of her peers, and carefully repositioning the third-largest US lender. Big Take Podcast Risky Bets Loom Over Asia’s AI Mania Opinion The hottest commodity of the moment. Photographer: REDA/Universal Images Group Editorial One of the world’s hottest commodities is facing a major disruption, Javier Blas writes. A strong El Niño has hit anchovy stocks, threatening fishmeal supplies and sending ripples through the global aquaculture industry. More Opinions John Authers In Hindsight, Will a Coming Crash Seem Obvious? Parmy Olson Google’s Power Struggles Are Killing Its AI Mojo Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue is: Runner’s high? Play now! Before You Go Jennifer Saarbach and Kristen Kelly. Source: Margaryta Bushkin/Muccitas Some former Wall Street women are finding bigger paychecks—and audiences—by becoming finance influencers. Swapping trading floors for TikTok and podcasts, they’re turning insider knowledge into a business through brand deals, coaching and social media. One more ‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners Bloomberg Power Players - New York: Set against the backdrop of the US Open Tennis Championships, Bloomberg Power Players returns to New York on Sept. 10, bringing together the leaders shaping this global industry. From athletes and team owners to commissioners and investors, this event will gather the most influential voices for market-moving conversations on the multitrillion-dollar sports economy. Learn more here. More From Bloomberg Enjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too: AI Today chronicles the disruptions and threats of AI Market Moves delivers the pulse of the market to your inbox Markets Daily has what’s moving in stocks, bonds, FX and commodities Opinion Today for an afternoon roundup of our most vital opinions Texas Edition dives into the companies and people powering America’s second-largest economy Explore all newsletters at Bloomberg.com. We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Morning Briefing Americas newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |