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   A $750B fix for housing
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   Plus: Alibaba's 2.4T parameter Anthropic rival.
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          Tuesday, August 4, 2026
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           JPMorgan is betting $750 billion that America's housing crisis is fixable
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          JPMorgan Chase announced Monday it intends to
deploy more than $750 billion through 2035 to increase housing supply and support homeownership across the United States. That figure represents close to a 40% rise in housing-related capital relative to what the bank deployed over the previous ten years, the company said.
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          Under the plan, the bank aims to fund 1 million affordable housing units and guide 500,000 customers through the homebuying process, with 200,000 of those being first-time buyers.
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          To hit those targets, the bank intends to 
grow its mortgage lending volume by over 40% and bring on 850 additional home lending advisors. The firm also said it will introduce new digital tools and explore loan products for modular and manufactured homes.
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          The initiative is part of JPMorgan Chase's American Dream Initiative, a multi-year effort to expand economic opportunity through targeted investments in local communities. The bank said it will join the U.S. Chamber of Commerce's newly formed Housing Advisory Council as its chair, a role that will focus on 
shaping housing policy at the local, state, and federal levels.
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           Can JPMorgan 
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                            $750B is enough 
to move the needle
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                           <!--[if mso]><a href="https://www.ne16.com/t/11042616/222404108/10296099/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNA&x=0c04fe9f" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 14px;  border: none; display: block; ">$750B is enough to move 
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                            Banks can't 
solve a policy problem
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                           <!--[if mso]><a href="https://www.ne16.com/t/11042616/222404108/10296100/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNA&x=94726552" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 14px;  border: none; display: block; ">Banks can't solve a 
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                            It helps but it 
won't close the gap
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                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/11042616/222404108/10296101/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNA&x=cc579869" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 14px;  border: none; display: block; ">It helps but it won't 
close the gap</a><![endif]-->
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           Here's what you need to know
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               <a data-linktext="Oil prices fall sharply after Trump pauses Iran strikes." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Oil prices fall sharply after Trump pauses Iran strikes.
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              President Donald Trump announced he called off a planned military strike following a request from Tehran and other Middle Eastern countries, 
sending Brent crude down roughly 6% to around $83 a barrel. Stocks rallied on the news.
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               <a data-linktext="The FAA cleared the Boeing 
737 Max 7 for passenger service." data-linktype="Normal" style="color:#105C8E" target="_blank">
                The FAA cleared the Boeing 737 Max 7 for passenger service.
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              The Federal Aviation Administration issued an amended type certificate for the aircraft, clearing it for production and eventual service. Two fatal crashes of an earlier Max variant had prompted nearly a decade of regulatory review.
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             <a aria-label="Getty Images / Picture Alliance" style="color:#105C8E" target="_blank" title="Getty Images / Picture Alliance">
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               <a data-linktext="Amazon Web Services revenue hits $42 billion as AI demand surges." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Amazon Web Services revenue hits $42 billion as AI demand surges.
               </a>
              </strong>
              Amazon's cloud unit beat analyst expectations by more than $1.6 billion for the quarter, pushing its total 
market value above $3 trillion. CEO Andy Jassy said AI demand is so strong that capacity will fall short through 2027.
             </div>
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              CEO Clément Delangue said Chinese developers are outpacing U.S. rivals by collaborating openly on open-weight models while American labs build in silos. China already leads in that category, he said.
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