QtrendsGovernments worldwide are rolling out red-carpet treatment for AI giants as infrastructure stocks surge past hyperscalers. Ford's CEO warns of a looming skilled-trade worker crisis compounded by AI disruption. Taylor Swift's rumored MSG wedding dominates lifestyle headlines. US hiring slowed notably in June, with consumers remaining gloomy about the economy. Meanwhile, Trump-backed crypto coins have crashed, leaving nearly a million investors with $3.8 billion in total losses.
Governments from France to India are aggressively courting AI giants with red-carpet treatment and favorable policies. AI infrastructure stocks have overtaken traditional tech hyperscalers, a shift UBS calls 'extraordinary'. Micron, which started in an Idaho basement, now finds itself at the center of the AI boom.
Ford CEO Jim Farley warns that AI and a lack of workers for skilled trade jobs are creating a 'huge crisis' in the US. Other executives weigh in on what companies are getting wrong with their AI strategies. Forbes reports that AI has fundamentally rewritten the global corporate scoreboard.
Taylor Swift's rumored wedding at Madison Square Garden has captured media attention, with CNN detailing the price tag of such an event. BBC covers the etiquette question of how much to give at a wedding when the host says no gifts. The New York Times notes that brands big and small have turned Swift's wedding into a marketing moment.
US employers remain reluctant to add jobs as hiring slowed notably in June. Consumer sentiment stays gloomy, with the economy weighing heavily on Americans. The World Cup-related boom has also faltered, as US hospitality jobs declined in June.
Despite Trump's red-carpet treatment of the crypto industry, his branded crypto coins have crashed. MarketWatch reports that Trump's billion-dollar crypto haul is now triggering big losses for everyday investors. The New York Times reveals that nearly a million investors lost a combined $3.8 billion on Trump's crypto coin.