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Trump, Congress to Honor Sen. Lindsey Graham at Washington National Cathedral

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Sen. Lindsey Graham, R-S.C., is being laid to rest this week in a two-day series of funeral services spanning Washington, D.C., and his native South Carolina, following his sudden death on July 11 at age 71. Graham, chairman of the Senate Budget Committee, died after emergency responders were called to his Capitol Hill home for…

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Sen. Lindsey Graham, R-S.C., is being laid to rest this week in a two-day series of funeral services spanning Washington, D.C., and his native South Carolina, following his sudden death on July 11 at age 71.

Graham, chairman of the Senate Budget Committee, died after emergency responders were called to his Capitol Hill home for cardiac arrest; a medical examiner later attributed his death to an aortic dissection. He had just returned from a trip to Kyiv, where he'd met with Ukrainian President Volodymyr Zelenskyy, and had been scheduled to appear on NBC's "Meet the Press" the following morning. President Trump, who said he'd spoken with Graham hours before his death and considered him like family, is expected to deliver remarks at Tuesday's service at Washington National Cathedral, following an earlier ceremony at the U.S. Capitol honoring his military and Senate career.

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GOP’s Own Dark-Money Crackdown Could Force Trump’s “Freedom 250” to Open Its Books

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A push by House Republicans to crack down on hard-to-trace nonprofit fundraising — originally aimed at left-leaning groups — could end up forcing new financial disclosures from Freedom 250, the organization behind the Trump administration's…

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A push by House Republicans to crack down on hard-to-trace nonprofit fundraising — originally aimed at left-leaning groups — could end up forcing new financial disclosures from Freedom 250, the organization behind the Trump administration's celebration of America's 250th anniversary.

Rather than creating a new charity, the administration built Freedom 250 as a subsidiary of the National Park Foundation, a congressionally chartered nonprofit that normally raises money for the National Park Service. Trump promised the group would throw the country "the most spectacular birthday party you've ever seen," and government records show the parent foundation received roughly $90 million in federal funding to support the celebration. Because Freedom 250 sits inside that larger nonprofit, it currently isn't required to disclose specifics about how it raises or spends its money — even though a spokesperson said all corporate sponsors are public except for a handful who requested anonymity.

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Bryan Kohberger Seeks to Withdraw Guilty Plea in Idaho Student Murders, Claims Coercion

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Bryan Kohberger, who pleaded guilty last year to murdering four University of Idaho students, is now asking a court to let him withdraw that plea, claiming he is innocent and was misled into confessing. In…

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Bryan Kohberger, who pleaded guilty last year to murdering four University of Idaho students, is now asking a court to let him withdraw that plea, claiming he is innocent and was misled into confessing.

In a statement provided to The New York Times and filed in court records, Kohberger said his plea "must be withdrawn" because it was based on "false promises and blatant disinformation," and that his "actual innocence" is his truth. He's asking to reopen the case and go to trial — a striking reversal from July 2025, when he pleaded guilty in an Ada County courtroom to four counts of first-degree murder and one count of burglary in exchange for four consecutive life sentences without parole, avoiding the death penalty for the November 2022 stabbing deaths of Madison Mogen, Kaylee Goncalves, Xana Kernodle and Ethan Chapin.

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More Than 100 Million Americans Under Heat Alerts as Triple-Digit Temperatures Grip the Midwest and West

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A dangerous, multi-day heat wave has put more than 100 million people across the U.S. under heat alerts, with at least seven major cities forecast to hit triple digits as the pattern moves from the…

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A dangerous, multi-day heat wave has put more than 100 million people across the U.S. under heat alerts, with at least seven major cities forecast to hit triple digits as the pattern moves from the Southwest and Great Plains toward the Midwest.

Forecasters expect highs of 112 degrees in Las Vegas, 109 in Phoenix and 105 in Rapid City, South Dakota, with Omaha, Denver, Dallas and Kansas City all expected to top 100 degrees and Minneapolis and St. Louis climbing into the upper 90s. High humidity is compounding the danger across a broad swath of the country, with heat index values forecast between 105 and 115 degrees in some areas. Overnight temperatures are offering little relief, with lows only expected to dip to around 90 degrees in Phoenix and Las Vegas.

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Cracks in the Nvidia Wall: AMD’s MI400 and the Gigawatt Land Grab

With the MI400 series in volume production and multi-gigawatt commitments from OpenAI and Meta, AMD is mounting the most credible challenge yet to Nvidia's grip on AI data centers.

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For years, the AI data-center story had one name: Nvidia. That is starting to change. On July 23, AMD CEO Lisa Su detailed volume production of the company's MI400 accelerator family and the Helios rack-scale…

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For years, the AI data-center story had one name: Nvidia. That is starting to change. On July 23, AMD CEO Lisa Su detailed volume production of the company's MI400 accelerator family and the Helios rack-scale system built around it — the centerpiece of an AMD offensive that, backed by enormous customer commitments, represents the most serious challenge Nvidia's dominance has faced.The hardwareAMD is no longer competing chip-for-chip alone; it's competing system-for-system. The MI400 series, paired with the Helios rack-scale platform and new EPYC Venice CPUs, is designed to go head-to-head with Nvidia's integrated racks rather than just its individual GPUs. Matching Nvidia at the full-system level is what it takes to win the biggest AI buildouts.The gigawatt dealsThe demand signal is enormous. OpenAI has agreed to deploy up to 6 gigawatts of AMD Instinct GPUs across multiple generations, with the first 1-gigawatt deployment of MI450 chips slated to begin in the second half of 2026. Meta committed to a similar 6-gigawatt arrangement. As part of the OpenAI deal, AMD issued a warrant for up to 160 million shares, vesting as deployments scale — binding the two companies' fortunes together.A widening customer baseThe ecosystem is filling in. Oracle has been named an early Helios customer alongside Microsoft Azure, giving AMD the kind of blue-chip cloud roster that turns a promising chip into a real platform. These are the buyers whose orders decide the AI infrastructure market.The caveatNvidia is far from dethroned. It still commands an estimated 70-80% of the AI chip market, its software ecosystem remains a formidable moat, and it has confirmed AI-chip demand stretching toward a trillion dollars through 2027. AMD is the strongest challenger, not yet a co-leader — and turning gigawatt commitments into delivered, working systems is the hard part still ahead.Why it mattersA genuine two-horse race in AI chips would reshape the economics of the entire boom — giving hyperscalers leverage, easing supply bottlenecks, and pressuring the margins that have made Nvidia one of the world's most valuable companies. AMD's MI400 push is the clearest sign yet that the AI hardware market may finally be opening up.The bottom lineWith the MI400 in volume production, the Helios platform launched, and multi-gigawatt commitments from OpenAI and Meta plus Oracle and Azure on board, AMD has mounted its most credible assault on Nvidia's AI empire. The wall isn't down — but for the first time, there are cracks in it.

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The Trillion-Dollar Wait: OpenAI’s $852 Billion Raise Meets IPO Cold Feet

OpenAI closed a record $122 billion funding round at an $852 billion valuation and filed confidentially for an IPO — then signaled it may wait until 2027 to actually go public.

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OpenAI has never had more money or momentum — and it appears to be in no hurry to face public markets. The ChatGPT maker closed a staggering $122 billion funding round at an $852 billion…

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OpenAI has never had more money or momentum — and it appears to be in no hurry to face public markets. The ChatGPT maker closed a staggering $122 billion funding round at an $852 billion valuation, filed confidentially for an IPO, and then signaled it may delay that listing to 2027. For the company at the center of the AI boom, private capital is flowing so freely that the usual reasons to go public have weakened.A record raiseThe round is one of the largest in history. Anchored by strategic investors, it drew commitments including up to $50 billion from Amazon, $30 billion from Nvidia and $30 billion from SoftBank. At $852 billion, OpenAI is valued like a top-tier public company while remaining private — a testament to investors' conviction that it will define the AI era.The business behind itThe growth underpinning the valuation is real. OpenAI says it is generating around $2 billion in revenue per month — roughly $25 billion annualized — and ChatGPT crossed 1 billion monthly active users in June, with about 900 million weekly. On the product side, the company has pushed out its GPT-5.4 and GPT-5.6 model families, the latter spanning price tiers aimed at cheaper inference for developers.The IPO hesitationYet the public debut keeps slipping. OpenAI filed a confidential S-1 with the SEC on June 8, reportedly targeting a valuation near $1 trillion, but has leaned toward delaying the listing to 2027 rather than going out in the autumn. With tens of billions available privately, the pressure to submit to quarterly scrutiny and public disclosure is muted.Why it mattersOpenAI is the bellwether for the entire AI economy, and its choices ripple outward. A delayed IPO keeps enormous value locked in private hands and signals confidence that it can fund its colossal compute ambitions without public markets. But it also concentrates risk and postpones the transparency a listing would force — leaving outsiders to judge the AI boom's leader largely on its own terms.The bottom lineOpenAI raised $122 billion at an $852 billion valuation, is generating $2 billion a month, and filed to go public — only to hint it will wait until 2027. Awash in private capital and users, the company can afford to take its time. The trillion-dollar debut is coming; OpenAI just isn't ready to be beholden to Wall Street yet.

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Washington Buys In: The U.S. Takes a Stake in Intel as 18A Turns the Corner

The U.S. government now owns nearly 10% of Intel, and the bet is starting to look shrewd: 18A yields are climbing, ASML has validated its High-NA milestone, and Apple and Microsoft are on board.

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The American chip champion that spent years stumbling is suddenly showing signs of life — and the U.S. government has a direct financial stake in the outcome. Washington now owns nearly 10% of Intel, an…

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The American chip champion that spent years stumbling is suddenly showing signs of life — and the U.S. government has a direct financial stake in the outcome. Washington now owns nearly 10% of Intel, an unusual entanglement of state and semiconductor that is beginning to look less like a rescue and more like a well-timed investment.The government stakeThe U.S. acquired a 9.9% equity position in Intel through an $8.9 billion investment, funded by converting $5.7 billion in remaining CHIPS Act grants and $3.2 billion from the Secure Enclave program into equity. It turns federal subsidy into ownership — aligning the government's balance sheet with Intel's turnaround in a way that would have been unthinkable a decade ago.Signs of a real turnaroundThe technology is finally cooperating. Yields on Intel's advanced 18A manufacturing node have climbed to roughly 85%, up from about 65% the prior quarter — the kind of improvement that makes a foundry commercially viable. On its July 15 earnings call, ASML said Intel is the first company to deliver high-volume logic chips using High-NA EUV, a genuine industry milestone.Customers are showing upPerhaps most important, the orders are coming. Both Apple and Microsoft have been confirmed as 18A design partners, lending credibility that Intel's foundry ambitions have chased for years. Winning marquee American customers is exactly what Intel needs to prove it can compete with Taiwan's TSMC for cutting-edge manufacturing.The caveatsOptimism should be measured. Intel's stock has been volatile amid worries about 18A timelines and fierce competition from AMD in data-center chips, and design partnerships are not the same as high-volume revenue. The turnaround is real but early — the coming quarters, not the last one, will decide whether it sticks.Why it mattersIntel is the linchpin of America's ambition to rebuild leading-edge chipmaking on home soil, a goal both parties treat as strategic. A government stake, climbing yields, a High-NA first, and Apple and Microsoft as customers together suggest the U.S. push for domestic semiconductor independence may finally be gaining traction.The bottom lineWith Washington holding nearly 10%, 18A yields at 85%, an ASML-validated High-NA milestone, and Apple and Microsoft signed on, Intel's long-troubled foundry is showing its clearest signs of recovery yet. The comeback isn't guaranteed — but for the first time in years, the pieces are lining up.

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Robotaxi Reality Check: Tesla Expands the Fleet as Growth Flattens

Tesla's Q2 results showed a revenue beat and a widening robotaxi footprint, but a profit miss and flattening paid-mile growth cast doubt on the pace of its autonomy story.

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Robotaxi Reality Check: Tesla Expands the Fleet as Growth Flattens Photo

Tesla wants investors to see a robotaxi rollout gathering speed. Its second-quarter earnings, released July 22, tell a more complicated story — one of an expanding map and a strong top line, undercut by a…

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Tesla wants investors to see a robotaxi rollout gathering speed. Its second-quarter earnings, released July 22, tell a more complicated story — one of an expanding map and a strong top line, undercut by a profit miss and growth that is starting to plateau just as the autonomy narrative is supposed to accelerate.The resultsRevenue came in at $28.24 billion, beating Wall Street's roughly $25.5 billion estimate by more than 10%. But adjusted earnings of $0.33 a share fell well short of the $0.49 consensus — a 33% miss — as margins came under pressure from heavy capital spending on Tesla's AI and autonomy ambitions.The robotaxi map growsThe expansion is real. Tesla launched its Robotaxi service in three Florida cities — Miami, Orlando and Tampa — in July, adding to Austin, Dallas and Houston. The service now operates across seven U.S. metros in various stages, with the San Francisco Bay Area still running a safety driver, and Phoenix and Las Vegas in preparation. Tesla also began Cybercab production at Gigafactory Texas, which it says has capacity for over 125,000 units a year.The catchLook closer and the momentum wobbles. Analysts noted that robotaxi paid-mile growth appears to be flattening — Tesla's own charts suggest the service isn't scaling as fast as the expansion headlines imply. Observers also flagged that "2026 mass production" language quietly vanished for several products, a subtle but telling shift in tone from a company known for aggressive timelines.Why it mattersTesla's valuation increasingly rests not on selling cars but on the promise of autonomy — robotaxis and the Cybercab as a driverless fleet. That makes the gap between the expanding footprint and the flattening usage the number that matters most. A wider map is easy to announce; profitable, scaling driverless miles are the harder thing to deliver.The bottom lineTesla beat on revenue, missed on profit, and pushed its robotaxi service into new cities while starting Cybercab production. But with paid-mile growth flattening and mass-production promises going quiet, the quarter left the central question unresolved: is Tesla's autonomy future arriving on schedule, or just spreading thin? Photo: MDGovpics / BY via flickr

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