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24/7 News

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7/30
18:33
Stocks in Asia are poised for gains today after a rebound in US megacap technology shares revived confidence in the artificial intelligence trade. Meanwhile, the Japanese Yen maintained its recent jump against other currencies.
18:10
Coinbase CEO Brian Armstrong announced that the exchange will launch "US500", a perp-style index of the largest public companies in America, for US traders.
18:10
Oil prices are on track for their largest monthly gain since March, following a volatile week. This surge is attributed to the escalation of the US-Iran war.
18:00
INJ (Injective) has recorded $1.03 million in trading volume over the past hour, which is 10.5 times the 7-day average for the same time period; it is currently trading at $4.874.
17:59
Microsoft's market capitalization saw a historic one-day gain. Additionally, banks are reportedly in discussions to provide $15 billion in lending for a Google-backed Anthropic data center project.
17:27
Investment banking advisory firm Evercore has recommended four software stocks—Microsoft, ServiceNow, Salesforce, and Samsara—suggesting they could perform well for the remainder of the year, even as the broader software sector faces headwinds.
17:17
Mastercard's CEO expressed confidence that credit cards will "prevail" in the new era of AI shopping. The company is actively positioning itself for "agentic commerce" as the payment technology landscape continues to evolve.
17:13
Blockchain analytics firm Chainalysis reported that the World Cup generated $20 billion in volume across blockchain-based prediction markets and digital collectibles. The firm noted that the event attracted global participation, with over 400,000 wallets placing bets on these platforms.
17:01
Crypto exchange BitMEX has shut down. Its closure demonstrates how the cryptocurrency industry's recurring boom-and-bust cycles continue to reshape its major players.
16:47
Fitch Ratings released a report on Thursday stating that the U.S. private credit default rate reached a record high in the second quarter. The default rate covers the 1,300 U.S. private debt borrowers tracked by Fitch.
16:44
Apple reported strong iPhone sales, with smartphone revenue rising more than a fifth, defying a broader downturn in the smartphone market where rivals are struggling.
16:44
Amazon The stock price rose sharply after its cloud business (AWS) posted 37% growth. For the quarter ending in June, Amazon’s total capital expenditures climbed to $53 billion.
16:36
MicroStrategy, the world’s largest holder of Bitcoin, reported a net loss of $8.2 billion for the second quarter, primarily due to an $8.32 billion write-down on the value of its digital asset holdings caused by the decline in the price of Bitcoin. As of July 26, the company held 843,775 Bitcoin, valued at approximately $54.8 billion.MicroStrategy also stated that it has built a $3.75 billion cash reserve, sufficient to cover preferred stock dividends and interest expenses for more than two years, and sold approximately $218.4 million worth of Bitcoin for the first time through its “Bitcoin” to replenish its cash reserves.
16:27
A U.S. federal judge ruled that the Donald Trump administration failed to provide sufficient evidence to justify classifying the AI company Anthropic as a “supply chain risk” and banning the federal government from using its technology.This dispute stems from stalled contract negotiations between Anthropic and the U.S. Department of Defense, as Anthropic had previously stated that it did not want its AI technology to be used for mass surveillance or for targeting and firing decisions involving lethal weapons.U.S. District Judge Rita Lin noted that there is currently no evidence that Anthropic has the ability to modify models that have already been delivered or to “activate some kind of kill switch,” and she expressed concern about the government’s logic in imposing the ban on the grounds that Anthropic had publicly criticized the Department of Defense.Judge Lin had temporarily blocked the ban in March and is currently weighing whether to make the injunction permanent.
16:27
According to White House officials, former U.S. President Donald Trump has ordered restrictions on the export of waste from critical minerals. This move could have an impact on global supply chains and related markets.
16:19
Coinbase shares fell approximately 5% in after-hours trading after the crypto platform reported second-quarter revenue of $1.22 billion, missing consensus expectations of $1.29 billion. This figure is also down from $1.5 billion in the prior year. The company's transaction revenue, a major source, was impacted by lower crypto prices, with Bitcoin falling 14% and Ether 25% during Q2.
16:10
Toyota Motor Corp. and other Japanese exporters are anticipated to see an earnings boost as the yen slides to a 40-year low. This currency depreciation is expected to provide much-needed relief from the pressures of US tariffs, surging oil prices, and strained supply chains.
16:05
Kevin Hassett, Director of the White House National Economic Council, said that the recently released inflation data (the June PCE price index) has made Fed Chair Wash’s job “a little easier” and expressed optimism about the Fed’s independent policy direction. On the same day, White House trade adviser Peter Navarro called on the Federal Reserve to consider cutting interest rates if current market trends continue. Previous data showed that the U.S. PCE price index fell 0.1% month-over-month in June—the first monthly decline since 2020—while the year-over-year increase narrowed to 3.7%; the year-over-year growth rate of the core PCE index, excluding energy, also edged down slightly to 3.3%.
16:02
A high-flying hedge fund focused on AI, run by a mid-20s 'AI wunderkind,' has reportedly imploded. This event, occurring during one of the U.S. stock market's wildest months, has led Wall Street to bet that the AI trade has reached its bottom.

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