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AI Spending Fears Weigh on Stocks; Oil Jumps on Red Sea Attack | Bloomberg Brief 07/23/2026
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July 23, 2026
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43:37Now PlayingUS equity futures fall after Alphabet's plan to spend up to $205 billion this year revives concerns over the soaring cost of AI, while Tesla also boosts investment to accelerate its AI ambitions. Brent crude climbs towards $100 a barrel after Houthi militants attacked two Saudi Arabian oil tankers in the Red Sea. Stephanie Roth of Wolfe Research discusses her outlook for inflation amid rising oil supply risks.
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