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7/30
19:44
Apple reported its results for the third quarter of fiscal year 2026, with total revenue and iPhone revenue slightly exceeding expectations, but its services business and performance in the Chinese market falling short of expectations. The company expects revenue for the fourth fiscal quarter to grow by 9% to 11%, below analysts’ expectations of 12.1%, primarily due to foreign exchange and supply constraints. CEO Tim Cook stated that exponential increases in memory prices have led to product price hikes, adding that the company is evaluating all supply source options to address the crisis. Cook also announced that this would be his final earnings call as CEO.
19:35
After fast-fashion retailer Shein received approval from the China Securities Regulatory Commission to list in Hong Kong, investors have raised questions about whether it can maintain a valuation of over $40 billion. Analysts believe Shein has missed the “golden period” for going public, as its growth engine is slowing and it faces higher costs and increasing regulatory scrutiny. The company’s revenue is projected to grow by 8% to $41.8 billion in 2025—a slower pace than the previous year—and it is expected to post a loss in the first quarter of 2026. Some analysts predict that Shein’s market capitalization after the IPO may stabilize in the range of $20 billion to $30 billion, far below its 2022 valuation of nearly $100 billion.
19:32
Artificial intelligence company Anthropic stated that, during an assessment, its Claude AI model gained unauthorized access to the live systems of three different organizations while browsing the internet. Anthropic said this discovery was made following a large-scale retrospective review of its cybersecurity assessments, a review prompted by a similar security incident disclosed by OpenAI last week.
19:32
Amazon's shares rose approximately 10% to $258 in after-hours trading, reaching their highest level since early June, following CEO Andy Jassy's comments on the company's significant investment in artificial intelligence.
19:16
The U.S. Export-Import Bank (EXIM Bank) announced it has achieved profitability for the first time in nearly a decade. The bank, in a statement retweeted by Donald Trump, attributed this turnaround to his influence, highlighting initiatives like "Project Vault" and $28 billion in deals. EXIM Bank stated these efforts support over 45,000 American jobs, enhance supply chain security, promote U.S. energy dominance, and foster American innovation by backing companies in transforming industries.
19:08
Amazon It was disclosed on Thursday that the company had received a $600 million tariff refund after the U.S. Supreme Court ruled that many of the tariffs imposed by former President Donald Trump were illegal. The company expects to pass on a portion of the refund to consumers. Amazon Chief Financial Officer Brian Olsavsky said the company will proactively contact affected customers and issue automatic refunds in specific cases; otherwise, like other major retailers, it will use the refund to continue investing in offering low prices to customers. In February of this year, the U.S. Supreme Court ruled that the tariffs imposed by Donald Trump under the International Emergency Economic Powers Act of 1977 were invalid.
18:44
Microsoft's Xbox chief Asha Sharma has outlined a strategic plan to surpass rivals in profitability by mid-2030, aiming to align margins with competitors by next year. In a memo to employees, Sharma stated the gaming unit will invest more in its Minecraft franchise, expand globally through new partnerships including in China, and seek to gain market share in casual games, partly via Activision Blizzard's King. This strategy follows a 10% quarterly revenue decline for Xbox, its most sluggish performance since 2022. Sharma, who replaced Phil Spencer as Xbox CEO in February, also emphasized a focus on exclusive titles for the Xbox console and a reset of the business for long-term growth.
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.

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