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7/28
07:19
Berkshire Hathaway, led by Warren Buffett and CEO Greg Abel, has significantly increased its stake in Alphabet (GOOG/GOOGL). Buffett initially announced a new position in Alphabet in Q3 2025, and Greg Abel tripled the holding in Q1 2026, his first quarter as CEO. Alphabet now constitutes 7.8% of Berkshire's equity portfolio, making it one of its largest positions. The increase comes as Alphabet's stock recently declined following its Q2 2026 earnings report, despite strong revenue growth, due to market concerns over its planned $205 billion capital expenditures for AI investments.
07:19
The US Social Security Fairness Act, signed into law in January 2025, repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). This change, retroactive to benefits payable from January 2024, restored Social Security benefits for approximately 2.7 million retirees and surviving spouses. The repeal primarily benefits public sector workers like teachers, police, and firefighters who had careers split between jobs covered and not covered by Social Security. Previously, WEP reduced benefits for those receiving a pension from non-Social Security-covered work, while GPO similarly reduced spousal and survivor benefits.
07:14
Bitcoin (BTC) dropped approximately 2% during the U.S. session, influenced by two key factors. South Korea's benchmark Kospi stock index plunged 11% due to a tumble in chipmaking stocks, sending shockwaves across global risk assets. Additionally, the U.S. Senate shelved the Crypto Clarity Act, prioritizing a Russia sanctions bill and federal nominations, making the bill's fate uncertain for the year. The market is also anticipating the U.S. Federal Reserve's interest-rate decision on Wednesday.
07:10
The National Republican Congressional Committee (NRCC) has launched a digital advertising campaign targeting House Democrats and candidates who have opposed President Donald Trump's tariffs. The ads, running in 15 districts across several states, aim to link Democratic opposition to the tariffs with supporting China, ahead of the 2026 midterm elections. This comes as Trump recently reimposed new import duties on dozens of countries and the EU, and announced new tariffs of 10-12.5% on 60 trade partners, including China.
07:09
Global chip stocks saw a significant correction overnight, with U.S. chip giant Nvidia and South Korea's SK Hynix and Samsung Electronics experiencing sharp declines. This comes amid growing concerns over rising competition, including the nearly 470% IPO surge of China's CXMT and reports of Chinese firms developing technology mimicking ASML's offerings. Analysts also point to unease regarding the substantial cash burn by hyperscalers, who are spending hundreds of billions on AI infrastructure, leading to increased debt loads.
07:03
PayPal ($PYPL) reported stronger-than-expected Q2 results, with EPS of $1.38 (vs. $1.28 est.), revenue of $8.68 billion (vs. $8.47 billion est.), and payment volume of $486.5 billion (vs. $468.5 billion est.). The company raised its full-year adjusted EPS outlook to approximately $5.38 (vs. $5.31 est.) and announced a $0.14 per share dividend, $6 billion in planned share buybacks for the fiscal year, and at least $1.5 billion in cost savings over the next 2-3 years. However, Q3 adjusted EPS is expected to see a low-single-digit decline.
07:03
The decentralized exchange (DEX) aggregator 1inch has opened its shared liquidity protocol, Aqua, to users; the protocol currently supports 13 Ethereum Ethereum Virtual Machine (EVM)-compatible chains.The Aqua protocol allows liquidity providers to keep their assets in their own wallets and use a single balance to maintain multiple positions, without having to spread their funds across different pools.This move aims to address the issue of low liquidity utilization; a study commissioned by 1inch previously found that, in the first half of 2026, 85% of the $1.84 billion in liquidity tracked by major centralized liquidity exchanges was underutilized.To encourage adoption, the 1inch Foundation has committed 10 million 1INCH tokens, and the 1inch DAO has contributed an additional $500,000 in USDC, jointly launching a three-month liquidity incentive program with a total value of approximately $1.37 million.
07:01
Coca-Cola (KO) has raised its annual profit outlook after reporting better-than-expected Q2 earnings. The company's Q2 EPS reached $0.97, surpassing the anticipated $0.93, with global unit case volume increasing by 5%. Coca-Cola reaffirmed its approximately 5% organic revenue growth target for the full fiscal year and anticipates currency tailwinds of 3% for EPS and 1% for revenue. Shares rose 2% in premarket trading following the announcement.
06:59
In its third-quarter “Global Risk Outlook,” the rating agency Fitch warned that the artificial intelligence (AI) boom and its potential market correction are becoming a major global credit risk. The report notes that AI investment is massive, and the economy and capital markets as a whole are significantly exposed to such a correction; the cyclically adjusted price-to-earnings ratio of the U.S. S&P 500 Index is already approaching levels seen during the dot-com bubble of the late 1990s. Fitch anticipates that future uncertainties regarding AI revenue, regulation, competition, and labor market disruptions could trigger a potentially significant and prolonged market correction, with widespread macroeconomic implications.
06:58
Amazon.com is reportedly revamping its artificial intelligence (AI) strategy, winding down most of its in-house flagship Nova AI models, including Premier, Omni, Reel, and Canvas. The company is instead shifting resources towards a new frontier-model development, led by researcher Pieter Abbeel, with a new flagship model expected to debut at its "re:Invent" annual conference later this year. This move follows recent job trims in Amazon's artificial general intelligence (AGI) group, as the company aims to sharpen its focus on key initiatives.
06:58
Hilton has raised its financial outlook, citing higher revenue and hotel rates.
06:58
Reports of China's advancements in chip technology are contributing to downward pressure on chip stocks.
06:38
At least six U.S. House members or their immediate families purchased between approximately $83,000 and $245,000 in SpaceX shares within six days of the company's June 12 initial public offering (IPO). Five of these lawmakers serve on committees whose work, including defense programs, AI, telecommunications, or securities markets, directly relates to SpaceX's federal contracts and business. While the trades are legal, ethics experts and some members of Congress express concerns that these holdings could create the appearance of a conflict between lawmakers' official duties and their financial interests.
06:37
Mercedes-Benz shares rose by as much as 5.9% after the company reported stable second-quarter profit, driven by cost cuts and strong performance in its financial services and vans units. The German automaker's Q2 operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% revenue decline. However, Mercedes-Benz cut its full-year sales and group revenue forecasts to a slight decline, citing a 30% slump in Q2 car sales in China and intensifying competition from Chinese rivals now targeting Europe.
06:22
AI hardware stocks plunged on Tuesday, with Asian stocks also selling off sharply, following reports that China is now capable of manufacturing DUV (Deep Ultraviolet) lithography machines. This development is perceived as a significant competitive threat from China to the global semiconductor industry.
06:17
A "Super El Niño" is expected this year, which Bank of America strategists warn will further tighten global commodities markets already strained by geopolitical conflicts. The climate pattern is forecast to bring severe weather, potentially reducing Australia's wheat production by 20-60% for the 2026-2027 season and Brazil's corn crop by 10%. Sugar output could fall by 5% year-on-year, and coffee production in Vietnam and Indonesia may decrease by 5-15%.
06:17
U.S. mortgage rates fell on Tuesday, July 28, 2026. According to data from the Zillow Lending Market, the 30-year fixed rate dropped to 6.62%, down 8 basis points from the previous day; the 15-year fixed rate fell to 5.98%, down 6 basis points; and the 5/1 ARM rate dropped to 6.46%, down 18 basis points. This decline in rates coincided with a lull in the conflict with Iran.
06:17
The US 30-year Treasury yield has closed above 5% for 14 consecutive sessions, marking its longest such run since July 2007. This year, it has finished above 5% 29 times, the most in any calendar year since 2007. Analysts note this sustained high yield, driven by factors like higher oil prices, strong economic data, and government borrowing, suggests the bond market's previous ceiling is becoming a new floor, increasing competition for stocks and raising borrowing costs.
06:16
As of July 28, 2026, Synchrony Bank is offering the highest Certificate of Deposit (CD) rate at 4.15% APY for its 14-month CD. Despite a general decline in deposit account rates, CD rates remain high by historical standards, even with the U.S. Federal Reserve leaving interest rates unchanged so far this year. The market currently shows a flattening or inversion of the yield curve, with shorter-term CDs sometimes offering higher average rates than longer-term ones.
06:16
Despite increasing competition and tech companies developing their own chips, Nvidia's market share in data center GPUs remains dominant, exceeding 95%, according to data from Futurum Group. The company's strong growth rate and market position suggest it is not currently facing significant trouble, with its stock trading at less than 24 times future earnings, a slight premium to the S&P 500 average.

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