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According to The Information, Google (GOOG.O) last week agreed to backstop up to $44 billion of third‑party data‑center lease payments if tenants default. The amount is up from about $6.5 billion as of end-September and reflects support for selling G

2026-07-29

According to The Information, Google (GOOG.O) last week agreed to backstop up to $44 billion of third‑party data‑center lease payments if tenants default. The amount is up from about $6.5 billion as of end-September and reflects support for selling Google's TPUs as an alternative to NVIDIA chips to customers including Anthropic. Sources said Alphabet has provided lease guarantees for roughly 2.4 GW of capacity across about ten projects; those sites are unfinished and the guarantees are not yet active. Company executives said they expect TPU revenue to exceed the financial obligations created by these guarantees.

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2026-07-28

At a State Council Information Office briefing, the Ministry of Commerce set out China’s stance on so-called “overcapacity”, urging a comprehensive, objective and fair assessment and warning that using capacity concerns as a pretext for protectionism

At a State Council Information Office briefing, the Ministry of Commerce set out China’s stance on so-called “overcapacity”, urging a comprehensive, objective and fair assessment and warning that using capacity concerns as a pretext for protectionism would disrupt global trade and supply chains, aggravate tensions and pose long-term risks to global growth. MOFCOM said it has prepared a position paper to clarify the facts and explain China’s views on the issue.
2026-07-29

API: U.S. Cushing crude stocks -273,000 bbl in week to July 24; prior -737,000 bbl.

API: U.S. Cushing crude stocks -273,000 bbl in week to July 24; prior -737,000 bbl.
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