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8/3
10:25
The American Association of Retired Persons (AARP) released an analysis indicating that although 46% of employers state that employees aged 40 and above play a leading role in AI usage decisions, their survey reveals that only 12% of employees aged 50 and above have received AI-related training. In the same period, 49% of employees in this age group expressed interest in learning about AI. AARP believes that companies are overlooking their most valuable AI asset—experienced employees—leading to significant economic losses. It is projected that by 2050, age discrimination could cost the U.S. economy up to $3.9 trillion in GDP.
10:25
Australia's financial regulator has put forward new proposals that would grant companies more freedom to market themselves before officially filing a prospectus for an initial public offering.
10:20
The decline in memory and storage stocks on Monday follows a sharp reversal in Korean chipmakers, with the KOSPI index falling 5% and Samsung Electronics sliding 8%. Morgan Stanley described the selloff as "largely technical" and a "leverage washout" after significant year-to-date gains. Despite the pullback, UBS initiated coverage of SK Hynix with a "Buy" rating and a $204 price target, while SK Group Chairman Chey Tae-won made his first personal purchase of SK Hynix shares, signaling a bullish outlook.
10:18
A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off.
10:15
Boeing stock lifted the Dow Jones Industrial Average after receiving a double upgrade.
10:15
Amazon's shares rose 5.5% to $286.20, reaching a record high and bringing their yearly gains to over 23%. This surge follows strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, which is the company's main profit engine. Amazon's stock had previously surged 15% on Friday after it reported its strongest cloud growth in over four years and raised its annual capital spending forecast. The company joins Apple, Microsoft, Alphabet, and Nvidia as companies that have recorded a market value of $3 trillion in the past.
10:04
The analysis indicates that global semiconductor stocks are experiencing a sell-off, with investors concerned that major artificial intelligence (AI) hyperscalers may not see sufficient returns on their investments in AI data centers and infrastructure. This could lead to a reduction in AI capital expenditure, thereby lowering the strong demand for semiconductor and memory chips. Since June 22, TSMC has fallen by approximately 13.8%, ASML Holding of the Netherlands by about 14.4%, NVIDIA by approximately 6.4%, and the iShares MSCI South Korea ETF by 26.4%. The iShares Semiconductor ETF (SOXX) also declined by about 22.9% during the same period.
10:03
TSMC's market capitalization reached about $2.1 trillion by Friday's close, following a 7.6% share jump on July 30. The company's second-quarter revenue rose 34% year-over-year to $40.2 billion, with net income growing 77% year-over-year to a record. Management expects third-quarter revenue of $44.6 billion to $45.8 billion, representing another 12% sequential increase at the midpoint. Despite these strong figures, TSMC trades at roughly 20 times forward earnings estimates, comparable to an average large company and its customer Nvidia, but significantly below Advanced Micro Devices (AMD) which trades at about 54 times forward estimates. Analysts attribute the valuation discount to its cyclical manufacturing nature, geopolitical risks associated with its Taiwan production, and heavy spending on new capacity.
09:54
Former U.S. President Donald Trump has called on oil companies to reduce consumer (retail) oil prices immediately.
09:50
U.S. stocks extend gains, with the Nasdaq Composite rising 1.01%.
09:49
US-listed shares of Micron Technology and SK Hynix tumbled around 4%, while Nvidia dropped 1% and AMD fell over 2%. This follows Alibaba's unveiling of its Qwen3.8-Max AI model and a research firm noting China-based DeepSeek's latest model is significantly cheaper than competitors, highlighting intense competition in advanced and affordable AI systems from Chinese tech firms. Semiconductor stocks have fallen more than 20% from their June highs amid concerns over AI spending and China's advancements.
09:48
Microsoft announced its fourth-quarter fiscal year 2026 earnings, with revenue increasing 18% year-over-year to $90 billion, and adjusted earnings per share rising 23% year-over-year to $4.74. Microsoft Cloud sales grew 27% year-over-year, and Azure revenue increased by 43%. As of the end of the quarter, the company's cloud business backlog grew 84% year-over-year to $678 billion. Additionally, Microsoft 365 Copilot paid users reached 30 million, with net paid subscriptions doubling quarter-over-quarter.
09:48
The Dow Jones Industrial Average opened at a record high, with U.S. stocks starting August in positive territory.
09:48
Circle Internet's stock is slumping today, even after reportedly receiving a new buy rating.

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