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7/29
07:52
Iran has launched attacks, which are seen as a message in response to the buildup of US assets in Israel.
07:47
Global stock markets are struggling today as investors await the U.S. Federal Reserve's rate decision and earnings reports from tech giants Microsoft and Meta. Unease over AI valuations, particularly for chipmakers, has contributed to market jitters, with South Korea's KOSPI index falling significantly due to sentiment swings in AI-linked stocks. Traders largely expect the Fed to hold rates steady, but are pricing in at least one hike by year-end, while rising oil prices due to Middle East uncertainty are clouding the inflation outlook.
07:47
Garmin's stock jumped after the company reported better-than-expected second-quarter earnings and raised its full-year outlook.
07:46
Meta CEO Mark Zuckerberg has urged the U.S. to accelerate artificial intelligence (AI) development, arguing that the technology's benefits outweigh its risks. He warned against regulations that could slow innovation. Zuckerberg also opposed restricting open-source AI models, stating that the focus should be on boosting U.S. competitiveness rather than limiting access. His comments come as Meta ramps up its AI spending ahead of its upcoming earnings report.
07:39
Iran has rejected claims by U.S. President Trump that Tehran sought negotiations with the U.S. over the past two weeks. A senior Iranian official also stated that Iran would not give up control of the Strait of Hormuz, calling it central to the country's war objectives. These remarks were made hours before Iran launched new missile attacks on U.S. bases in Jordan.
07:39
AI content detection startup Pangram announced it has raised $9 million in funding, with Menlo Ventures leading the round, to scale up its AI detection software. At the same time, the company also unveiled Pangram 4, its next-generation AI text detection model, and released a research preview of its AI image detection model. Pangram stated that Pangram 4 achieves over 99% accuracy in detecting AI-assisted writing and human-machine hybrid content, and can more effectively identify AI “humanization” techniques. The AI image detection model is currently in a research preview phase and is scheduled for wider release in the coming weeks.
07:38
Investment firm Bernstein raised its U.S. eCommerce forecasts, citing an estimated 11% sales growth in Q2, a significant increase from 5-6% in recent quarters. The firm anticipates strong results from Etsy, eBay, and Wayfair, while Amazon's performance is expected to largely depend on its AWS cloud growth, which investors are looking for over 30%. Bernstein also projects further increases in AI-driven capital expenditure in 2027.
07:37
Multiple investment banks, including Barclays, Jefferies, JP Morgan, and RBC, have raised their price targets for a range of companies. Notable adjustments include JP Morgan raising its price target for Bank of America (BAC) to $68 from $62.5, and Barclays increasing its target for Amgen (AMGN) to $360 from $350. Other companies across various sectors also saw their price targets increased by different firms.
07:37
Scotiabank upgraded ASTS to Sector Perform, raising its price target to $50.80 from $41.20. JP Morgan upgraded KMX to Neutral, increasing its price target to $60 from $38. Conversely, TD Cowen downgraded CZR to Hold, KBW downgraded CSGP to Market Perform and cut its price target to $29 from $41, and Stephens downgraded EBC to Equal Weight.
07:37
GE HealthCare on Wednesday reported second-quarter profit that beat Wall Street estimates. The medical device maker was boosted by strong demand for its diagnostic and imaging devices, as well as $129 million in refunds for tariffs imposed under former U.S. President Donald Trump.

GE HealthCare posted a net income of $561 million, up from $486 million last year, and revenue of $5.30 billion, exceeding analysts' estimates of $5.26 billion. Its shares rose 12% in premarket trading. The company noted that its adjusted core margin was 40 basis points lower than a year ago due to inflation and geopolitical instability.
07:33
West Texas Intermediate (WTI) and Brent crude oil prices climbed on Wednesday, driven by the risk of further conflict following attacks by the U.S. and Saudi Arabia on Iran-backed militias in Iraq.
07:26
AI data center turbines, already facing years-long backlogs, are reportedly failing prematurely.
07:09
The UK's FTSE 100 index reached an all-time high today, driven by strong performance from its banking and oil company constituents. This rally occurred as the index, often seen as "anti-tech," benefited from a global chip sector downturn and rebounded from a previous sell-off linked to the Iran war.
07:07
Robert Almeida, Chief Global Investment Strategist at MFS Investment Management, believes a profit squeeze is coming for tech companies. He advises investors to shift their attention from the Federal Reserve to a major change in the capital cycle, and is betting on "unglamorous stocks" as a result.
07:02
K33 Research reports that Bitcoin spot trading activity in July is on track to be the weakest month since late 2023. The firm also noted that derivatives markets remain subdued.
06:56
Strategists at a bank, led by Max Kettner, are recommending investors go 'all-in' on equities. They argue that stocks have shown resilience despite a 40% rise in oil prices, recent pullbacks in the technology sector, and ongoing geopolitical volatility.
06:56
TSMC On Tuesday, the company announced that its wafer fab in Kumamoto Prefecture, Japan, had begun a phased resumption of production following a 7.1-magnitude earthquake. Preliminary inspections showed that the main structure of the facility remained intact, but detailed inspections of the equipment are still underway. Meanwhile, as a precaution against the risk of aftershocks, some construction work on the plant’s expansion project has been temporarily suspended.
06:45
Elon Musk stated in an interview with The Economist that he believes artificial intelligence (AI) will exceed the sum of human intelligence in approximately five years, by 2032. He predicts AI will be capable of doing almost anything better than humans, apart from 'being human.' While acknowledging AI's existential risks, Musk now suggests the most likely outcome is an 'age of amazing abundance,' and that stopping AI's rapid momentum is no longer realistic, marking a shift towards a more optimistic outlook on its future impact.
06:45
Dow Jones futures fell today, while oil prices jumped following news concerning Iran. Separately, shares of Seagate, SK Hynix, KLA, and Bloom Energy saw significant movement after their latest earnings reports, which were influenced by developments in artificial intelligence.
06:45
The U.S. federal government's national debt has reached an all-time high of $39.7 trillion, growing by approximately $7 billion daily. This record debt level is prompting investors to increasingly turn to assets like Bitcoin and gold as a hedge against potential currency debasement. Bitcoin is currently trading around $63,800, while gold futures are at $4,097.50 per troy ounce, with both assets climbing alongside the rising debt figure. Analysts suggest that governments unable to balance their books eventually face a choice between defaulting on debt or inflating it away, leading investors to assets with fixed or finite supply.

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