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7/28
08:04
Apple faces federal lawsuit for allegedly keeping fake Bitcoin wallet app on App Store after $875,000 theft report, leading to further losses
A federal lawsuit alleges Apple (AAPL) allowed a fraudulent Bitcoin wallet app, impersonating Sparrow Wallet, to remain on its App Store for over a week after a customer reported losing $875,000 (7.4 BTC) on July 25, 2025. This allegedly led to another user losing roughly $840,000 on Aug. 3, 2025. Three plaintiffs claim a total of approximately $1.84 million was stolen after they downloaded the app and entered their seed phrases.

The lawsuit, filed on July 24, 2026, in the U.S. District Court for the Northern District of California, argues that Apple's marketing led users to believe its App Store applications were vetted and safe. Apple has reportedly told MacRumors that it has taken action to remove any apps impersonating Sparrow Wallet and terminate associated developer accounts.
08:01
Gold prices remain below $4,100 ahead of the Fed meeting; oil prices fall as U.S.-Iran peace talks lead to a suspension of airstrikes
On Tuesday (July 28), August gold futures opened at $4,083 per ounce, up 0.1% from Monday’s closing price, before falling to $4,027. Gold prices have remained below $4,100 since July 14 and are currently fluctuating within a narrow range ahead of the Federal Reserve’s two-day interest rate meeting. Market expectations for a 25-basis-point rate hike by the Fed have risen from 25.77% last week to 35.8%.

Notably, as the U.S. and Iran attempt to reach a permanent peace agreement to reopen the Strait of Hormuz and resume oil and natural gas exports, U.S. airstrikes against Iran have once again been suspended, causing oil prices to fall nearly 5% over the past five days.
08:00
Brookfield expects 6.5 GW of AI data-centre capacity to come online in India over next five years
Brookfield Asset Management expects approximately 6.5 gigawatts (GW) of artificial intelligence (AI) data-centre capacity to come online in India over the next five years. The global alternative asset manager's projection refers to India's wider data centre market, which currently has about 1.5 GW of installed capacity, mostly for non-AI uses. Brookfield also anticipates non-AI capacity in India to increase to around 3 GW during the same period.
08:00
Analysis: Surprise Fed Rate Hike Cannot Be Ruled Out
An analysis suggests that a surprise interest rate hike by the U.S. Federal Reserve cannot be ruled out. The analysis also explores its potential implications for the S&P 500.
07:58
Cryptocurrency Exchange Luno to Cut 20% of Global Staff
Luno, a cryptocurrency exchange owned by Digital Currency Group, is cutting about 20% of its staff globally as part of a restructuring, according to Chief Executive Officer James Lanigan.
07:50
Core Scientific signs AI infrastructure deal with AMD for up to 2.5 GW data center capacity
Core Scientific has signed an AI infrastructure deal with AMD, under which the chip firm will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems. The agreement provides AMD with over 500 megawatts of U.S. data center capacity starting in 2027, with the ability to expand up to 2.5 gigawatts. As part of the deal, AMD will also receive market-priced warrants to purchase Core Scientific common stock. Following the announcement, shares of Core Scientific rose 4% in premarket trading.
07:49
Spain's Banco Sabadell to expand AI focus, centralise key functions in restructure
Spain's Banco Sabadell announced a new organisational structure set to take effect on September 1, aiming to streamline operations and accelerate its transformation program. The restructuring includes expanding its focus on artificial intelligence (AI) with a new corporate transformation & AI unit and enhanced AI capabilities within its operations & technology division. Additionally, the bank will centralise various functions, such as people, legal, financial planning, organisation, technology, and operations, to improve decision-making agility.
07:49
HSBC to Establish Global AI Excellence Centre in Singapore
HSBC announced it will open a global AI excellence centre in Singapore in the second half of 2026. The centre will focus on enhancing customer wealth journeys, treasury activities, and digital payments, and plans to recruit over 100 AI specialists. This initiative follows HSBC's recent multi-year deal with Google Cloud to deploy AI tools, which is projected to generate over 200 AI use cases and may lead to an AI-driven overhaul affecting up to 20,000 jobs.
07:39
Apnimed plans $160M Nasdaq IPO to fund late-stage sleep apnea drug development
Massachusetts-based biotech Apnimed is planning an initial public offering (IPO) on Nasdaq, aiming to raise up to $160 million. The funds will primarily support the development and potential commercialization of its lead oral drug candidate, oxnimbi (AD109), for obstructive sleep apnea (OSA).

Oximbi is currently under review by the US Food and Drug Administration (FDA), with a decision expected before February 28, 2027. If approved, it would be the first oral therapy for OSA suitable for all patients, regardless of weight, unlike existing options like Eli Lilly's Zepbound which is for obese patients. OSA affects 936 million individuals worldwide.
07:39
Tesla to Buy Power From KKR-Backed Arizona Solar, Battery Plant
Tesla will purchase power from a solar and battery plant located in Arizona, which is backed by KKR.
07:36
S&P 500 Futures Muted as Chip Stocks Fall, Traders Await Earnings and Fed Decision
S&P 500 futures showed little change on Tuesday, while semiconductor stocks extended declines from Monday. Traders are awaiting key mega-cap tech earnings and the US Federal Reserve's interest-rate decision later this week.
07:34
OPEC+ Delegates Expect 2026 Oil Output to Remain Steady After September
OPEC+ delegates indicate the group expects to maintain its oil output steady in 2026, following September.
07:32
Boeing Reports Mixed Q2 Results, Missing EPS but Beating Revenue as Free Cash Flow Turns Positive
Boeing (BA) released its second-quarter earnings, reporting an adjusted loss per share of $0.76, missing the estimated -$0.30. However, the company's revenue reached $24.56 billion, surpassing the $24.25 billion estimate. Boeing also reported positive free cash flow of $631 million and a backlog of $715 billion. Operationally, 737 production is transitioning to 47 aircraft per month. The first delivery of the 777X is still expected in 2027, with 737-7/10 certification anticipated in 2026 and first deliveries in 2027. The quarter included a $280 million loss related to the Air Force One replacement program.
07:19
Warren Buffett and Greg Abel Significantly Increase Berkshire Hathaway's Stake in Alphabet
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
US Social Security Fairness Act Repeals WEP and GPO, Restoring Benefits for Millions
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 Drops as South Korean Stocks Tumble and US Senate Shelves Crypto Clarity Act
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
Republicans Launch Ads Attacking Democrats Over Opposition to Trump's Tariffs Ahead of 2026 Midterms
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 Rout Deepens Amid Competition and AI Spending Concerns
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 Beats Q2 Estimates, Raises FY Outlook, Announces $6B Buyback and Cost Cuts
PayPal ($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
1inch Launches the Aqua Liquidity Protocol on 13 Blockchains
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.

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