SUCCESS

The Genlayer Foundation is leading the 27-firm consortium that makes AI-based payments, escrow and dispute resolution interoperable.

The risk that ends a rally is rarely the one on the front page. Investors fixate on the loud threat, the one with missiles and emergency meetings, while a quieter one compounds in the background. By the time the quiet one shows up in a brokerage statement, the front page has usually moved on.Right now, the loud threat is Iran. Re-escalating tensions between the U.S. and Tehran have dominated the tape this week, and it is exactly the kind of geopolitical shock that gets blamed whenever stocks stumble. Oil, defense, and safe havens all trade off every fresh headline out of Washington.And yet the market has mostly absorbed the war news, with semiconductor stocks even staging a midweek rebound. That resilience raises an uncomfortable question. If bombs cannot knock this bull market over, what can?Jim Cramer believes he has the answer, and it is not in the Middle East. The “Mad Money” host said Wednesday, July 8, that the flood of new stock and bond issuance hitting Wall Street poses a bigger danger to the rally than the Iran conflict, according to CNBC.Why new stock supply can smother a bull marketEvery dollar that goes into a new stock offering has to come from somewhere. In practice, it usually comes from selling shares investors already own, which means a crowded deal calendar can quietly drain the same rally it feeds on.In a normal year, that supply arrives as a trickle, and buyers barely notice. A few deals price each month, index inflows and retirement contributions soak them up, and the rally moves on without strain.The trouble starts when several giant deals demand cash in the same narrow window. At that point, fund managers have to raid winning positions to write the next check, and the selling shows up in stocks that had nothing to do with the offering.More Wall Street:Wells Fargo revamps S&P 500 target for rest of 2026Cerebras Systems Q1 2026 Earnings Call: Updates on $CRBS outlookJPMorgan drops blunt verdict on stock market rallyCramer has been building this case for more than a month. Excess new supply takes down bull markets faster than interest rates or geopolitics do, he argued in early June, according to CNBC.He even tied the pressure to the market’s most important name, arguing that investors were raiding their winners to fund new artificial intelligence (AI) deals. “Nvidia’s looking like the biggest piggy bank in the world,” he said at the time.By June 8, his mood had soured further. “Things have changed. For the worse,” he told viewers, CNBC reported.His worry list at the time ran from a strong jobs report that dimmed hopes for interest-rate cuts to the SpaceX debut pulling money away from the rest of the market. A month later, the deals have only gotten bigger, and the caution that once looked early now looks prescient.

Jim Cramer says that the flood of new share and bond supply is the top resurfacing threat to the bull market.Michael M. Santiago / Getty Images

Rivian and SK Hynix deals sharpen Cramer’s supply warningOn the July 8 episode, Cramer said the amounts companies have raised over the past month are staggering, pointing to Alphabet’s (GOOGL) giant stock sale, SpaceX’s (SPCX) initial public offering (IPO) and $25 billion bond deal, and fresh debt offerings from companies including Amazon (AMZN), according to CNBC.The pace is what changed his tone. I stacked up the equity raises completed or launched since early June, and my tally comes to nearly $195 billion in new stock alone, before counting the bond deals piling on top.Here is what that pileup looks like:SpaceX raised a record $85.7 billion in its June IPO, the largest share sale in history, according to Reuters.Alphabet completed a roughly $80 billion stock sale to fund its AI infrastructure buildout, CNBC indicated.Rivian (RIVN) sold 75 million discounted shares this week in a raise of roughly $1.5 billion that knocked the stock down 18% in a single session, CNBC confirmed.SK Hynix is set to price a roughly $28 billion Nasdaq listing on Thursday, July 9, the second-biggest share sale ever, according to Reuters.Two of those deals bother Cramer the most. Rivian’s discounted sale suggests buyers may no longer absorb new equity at rich valuations, while SK Hynix’s listing could force institutions to dump existing holdings just to make room for it, he said, according to CNBC.The details make both cases sharper. Rivian priced its shares well below the prior close only days after posting stronger-than-expected second-quarter deliveries, meaning even good news no longer guaranteed a deal at full price.SK Hynix, meanwhile, is the world’s leading maker of the high-bandwidth memory chips that sit next to Nvidia’s processors in AI data centers, and its Seoul-listed shares have roughly tripled this year, pushing its market value past $1 trillion, according to Reuters. A deal that size arrives with real gravity, pulling capital toward it from every corner of the tech trade.Related: Jamie Dimon warns of ‘little ‘tsunami’ lurking in bull marketThe collateral damage is already visible in the market’s flagship stock. Nvidia (NVDA) has shed almost $1 trillion in market value from its peak, even after leading Wednesday’s semiconductor rebound, according to CNBC.My read for anyone holding an index fund is blunt. The cash that funds every new listing comes out of stocks people already own, so when institutions trim the megacaps sitting inside your retirement account to pay for the next hot debut, your balance feels the offering, whether you wanted a piece of it or not.What could still save this bull marketCramer stopped short of calling a top. The market has not reached a breaking point yet, and a pause in IPOs and secondary offerings, along with more merger activity, could still rescue the rally, he said, according to CNBC.His patience, though, has a deadline measured in weeks, not quarters. If the current pace of supply continues much longer, “The bull will suffocate under the weight of all that new paper,” he warned.The first test arrives almost immediately. SK Hynix is expected to begin trading Friday, July 10, under the ticker SKHY, and demand has already exceeded the shares on offer, based on deal terms seen by Bloomberg, Yahoo Finance reported.So watch what happens to the chip stocks investors already own when the newcomer starts trading. If SK Hynix pops while Nvidia and its peers hold their ground, demand still has fuel left in the tank, and the issuers will keep coming back for more.If the winners bleed to pay for it, Cramer’s quiet threat will have announced itself. And this time, the front page will be looking in the right place.Related: The new phase of the bull market — and how to buy in

The Beau Welling restoration of the historic Stowe Country Club is complete, giving the Lodge at Spruce Peak two very different championship courses.

Benson Boone’s new single “The Time of My Life,” which may preview a third album, launches inside the top 10 on one chart in the U.K.

The approval adds to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.

Your day-ahead look for July 10, 2026

While JetBlue Airways was initially established out of New York’s JFK with the goal of expanding connectivity on the East Coast, the airline has over the last few months significantly reduced its presence out of airports like Newark and LaGuardia.Along with cuts of its seasonal routes between EWR and Los Angeles and Las Vegas announced earlier this summer, JetBlue closed its flight attendant base at the New Jersey airport.While still flying to both airports, the airline also significantly scaled down its technical operations at LaGuardia as part of a plan to relocate more resources to a booming South Florida market.JetBlue runs final flight out of Manchester-Boston Regional AirportJetBlue followed these changes confirmed back in June with the final flight run from Manchester-Boston Regional Airport (MHT) on July 8. The smaller airport 50 miles outside of Boston is frequently chosen by low-cost airlines due to the lower airport taxes and the wider availability of gate slots.It is also the largest airport serving nearby New Hampshire and several of the region’s ski resorts. The airline had earlier justified its exit from this market, which it entered only 17 months ago in January 2025, as strategic “decision to reassign assets” and cut underperforming routes that did not bring in the expected traffic.Related: Another airline cancels 8 flights to the U.S.As a result of the exit, those living closer to MHT in New Hampshire or who prefer to fly out of a regional airport rather than navigate the drive to Boston Logan (BOS) are left with only Southwest Airlines and Breeze Airways as low-cost options.”It is unfortunate that they find themselves in a financial position which did not allow time for the MHT market to mature, but we understand their immediate need to increase market share in a focus city,” Tom Malafronte, the customers and airport director at MHT, said of JetBlue’s exit.

Manchester-Boston Regional Airport is located an hour outside Boston in New Hampshire.Image source: Shutterstock

What is happening with JetBlue and its regional flights in 2026In January 2026, low-cost competitor Avelo Airlines also left the regional airport due to low traffic numbers. The airline had previously run permanent flights there from North Carolina’s Raleigh-Durham, Wilmington, and Concord-Padgett airports as well as South Carolina’s Myrtle Beach.More Travel News:Airline to launch unusual new flight to Cayman Islands from the U.S.There is a very cool Irish version of swimming pigs in the BahamasUnexpected country is most luxurious travel destination for 2026Low-cost airline launches easier way to get to Sri LankaOn JetBlue’s end, the decision to pull out of Manchester-Boston also came to down to the need to reallocate planes to markets where they will serve the largest numbers of customers.Fort Lauderdale-Hollywood International Airport (FLL) and Orlando International (MCO) have both been part of the airline’s expansion plans amid an increase in seat sales over the last year.The collapse of Spirit Airlines at the start of May also freed up significant gate slots at FLL that JetBlue has been eager to jump upon. The airline also poached some of the former Spirit employees left unemployed by the collapse to work out of Fort Lauderdale.”We’re now at 130 flights,” JetBlue CEO Joanna Geraghty said of the airline’s further plans. “We’re going to be growing to about 150 by the end, so we are hiring across most of our workgroups and hiring Spirit crew members.”Related: Another low-cost airline files for Chapter 11 bankruptcy

What if AI could help older adults stay healthy and independent—without replacing the human care they still need? In this conversation, Karen Eggleston, PhD. discusses Stanford Health AI Week and shares insights from health systems across East Asia, including how AI is being used to support aging in place. We explore the importance of ethical guardrails, evidence-based evaluation, and designing care pathways that connect AI predictions to real next steps—especially in rural and underserved communities.Jeffrey Snyder, Broadcast Retirement NetworkWell, Dr. Eggleston, it’s great to see you. Thanks for joining us on the program this morning.Karen Eggleston, PhD., Stanford UniversityMy pleasure, great to be here.Jeffrey Snyder, Broadcast Retirement NetworkYeah, and I guess before we kind of dive into the recent webinar you moderated, I was wondering if you might give us a little bit of background about the Stanford Health AI Week. What was that week, what did it entail, and what does it mean?Karen Eggleston, PhD., Stanford UniversityGreat, well, the Health AI Week here at Stanford is an ongoing event for a few years now that involves activities. Some are in person here on campus, bringing people from many parts and walks of life, looking at applications of artificial intelligence in health and medicine.Jeffrey Snyder, Broadcast Retirement NetworkSo I have to think that it’s so pervasive. I don’t know if that’s the right word or not, but in a lot of different industries, it’s become part of everything that those industries do. I come from the financial services and retirement industry.I’ve seen it being deployed to speed up our operations or to even answer financial types of questions. I have to imagine similarly, it’s being deployed in health and I would think for the betterment or the more efficient treatment of patients.Karen Eggleston, PhD., Stanford UniversityThat is certainly the goal of our parties concerned, but being a health economist, I’m soon to point out that how it’s actually used in practice and to whose benefit goes back to aligning incentives with what the goals are of an organization or of society. So I actually direct the Asia Health Policy Program. So I contributed within the Stanford Health AI Week, an Asian perspective on deployment in health systems in Asia.Jeffrey Snyder, Broadcast Retirement NetworkSo let’s talk about Asia. It’s no secret that Asia, like the United States, like Europe has a lot of aging people. I think that’s probably the norm when you look at their global population, a lot of people turning age 65 and older.How is AI being deployed in Asia today to help those that are aging in place?Karen Eggleston, PhD., Stanford UniversityWell, great question. Something that many of us focus a lot of time looking at and thinking about. I am not on the technology side.The people I spoke with are experts mostly from the health systems and medicine side, thinking about how AI is actually being used in practice rather than sort of the technical development. And Asia is a huge and diverse part of the world. But we focus mostly on East Asia, partly because that’s the part of the world that is sort of leading the whole globe in terms of population aging and older age structures.So I talk with experts from South Korea and China and Singapore about their perspectives, their own research and that of their colleagues. So there’s a lot going on, but the bottom line might be that there’s still a long way to go and we all need to prepare for and think about how we want this technology to be applied for the benefit of all, including our older population. So that was the focus, thinking about keeping people healthy to older ages so that they can what’s called age in place rather than go to a nursing home or be institutionalized.Jeffrey Snyder, Broadcast Retirement NetworkDo our counterparts or your counterparts in Asia, East Asia share some of the concerns that many of us here, the general population might have about AI? Do they have some concerns or do they want more standards or more, I’m gonna call them guardrails. I don’t even know if that’s correct or not.But is that something that when you were moderating the panel, did that seem like something that was necessary?Karen Eggleston, PhD., Stanford UniversityYes, despite differences across the economies and societies, even in this short webinar, there was a common thread that thinking about sort of the ethics of deploying AI and having guardrails, as you said, about how it’s used, in particular thinking about how you evaluate and continuously evolve, thinking about the evidence about what works and for whom, because this technology might exacerbate existing issues with access or affordability for some populations. So for example, in rural parts of China have different issues than say in the center of Seoul.Jeffrey Snyder, Broadcast Retirement NetworkWhat I always hear from experts and I wanna get your sense from your panel and the folks in Eastern Asia, this isn’t, AI doesn’t replace the humanity that’s gonna help those that are aging in place. So they’re still gonna need doctors or medical care or caregivers. Was the consensus that AI is gonna be used to maybe augment or enhance what the human touch can do so that maybe the humans can focus on more qualitative aspects of caregiving?That make sense?Karen Eggleston, PhD., Stanford UniversityYes, definitely. That was also a common theme that AI needs to be used to augment humans, not to replace or automate the process. And many systems have different strategies for doing that.But connecting between a diagnosis or prediction to actually getting care for the individuals is one of the goals. Like the AI enabled calls to people living alone in Korea is supposed to be designed to talk to people and then connect to them with individuals or the deployment of AI in healthcare in Singapore and China that is supposed to help busy physicians actually look at and connect with their patients rather than have to deal with a lot of the routine aspects of care. Those are some of the goals.It’s much easier said than done, but a lot of systems are working on it systematically.Jeffrey Snyder, Broadcast Retirement NetworkAre there, I mean, it’s hard to paint with a, you really can’t paint people with a general brush, but when you look at the elderly population or mature population here in the United States, and there’s always the bias that they don’t have the technological wherewithal. I can tell you by talking to my mom and dad, they’re pretty technology savvy. So they know how to use the phone, do all those types of things.Is it analogous or similar in Eastern Asia where people there have phones and tablets and computers and televisions and everything in between that they’re fairly technologically savvy like we are here in the States?Karen Eggleston, PhD., Stanford UniversityWell, yes and no. Yes, they are very technology savvy, but more among the younger generation than the older generation, which often didn’t have as many opportunities for education or use of technology. So some pockets are much more tech savvy than some places we might be familiar with and some much less so.So, you know, anybody in China might know how to use WeChat, but if in the rural areas it’s all older individuals may not be familiar with any other tools. So this was an important theme that also came through in the webinar is that we shouldn’t require the user to be the one that finds the technology and uses it for their own health and wellbeing. We need a system of care that aligns incentives so the people that help the older individuals can use this technology.Of course, the individuals and perhaps their adult children or other caregivers can also use the technology to provide more information, empower them to ask questions and so on. But as discussed by our three speakers, a key aspect is for the guardrails at the policy level and then the caregivers in medicine or healthcare to be the ones that select the appropriate AI tool and put it into place so that’s just seamlessly part of the system of care that improves the care experience and hopefully the health outcomes.Jeffrey Snyder, Broadcast Retirement NetworkSo we’re having a, you know, I think we’re having similar conversations, Elise, how to care, how to age in place, how to care for loved ones that are aging. Are there some lessons that maybe are some good takeaways for our policymakers, those that are responsible for maybe developing the policies, the procedures of the future to help this population here in the States, I should say. Are there some lessons?Karen Eggleston, PhD., Stanford UniversityYes, we can learn from other places and they can learn from us. I think all parties tend to emphasize the success stories, which is very important, but it’s also important to gather evidence about what hasn’t worked. As they say in Texas, you know, it’s dry holes that find oil, right?So you kind of need to be open to sharing experience and a lot of that is embedded in just local little experiments. So there’s an important role for policymakers and objective evaluation, maybe from academic institutions to share experience and find out what works for something specific like screening eyes when you have diabetes is a common use of AI, but not just here’s a report three weeks later, maybe you should do something about it, but actually point of care, we’ve used AI, now we’re gonna direct you to the next person you can actually talk to to get the care you need.So those are some of the ways where different systems are experimenting. And I think particularly in our system of care for older adults, there are a lot of challenges here as elsewhere, where we really need to share ideas about how technology can support our strained workforce and provide better outcomes to our older adults.Jeffrey Snyder, Broadcast Retirement NetworkWell, you know, obviously there’s a huge need globally, not just in East Asia, it’s important research, important information and look at the end of the day, whether you live in East Asia, the United States or Europe, you’re just, we’re all people, right? So we’re all gonna get older, we’re all gonna have diseases, I know the circumstances are different, but clearly, you know, we need to do a lot of sharing and help each other kind of work through these challenges. Dr. Eggleston, we’re gonna have to leave it there. Thanks so much for joining us, really appreciate you coming on the program and we look forward to having you back again very soon.Karen Eggleston, PhD., Stanford UniversityThank you, it was a pleasure.

Traders may hope South Korea-type turbulence won’t be imported into Wall Street

Delta Air Lines’ stock was set to gain despite the company saying that profit fell — but beat expectations — even after the air carrier absorbed the highest quarterly fuel expense in its history.