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8/4
16:38
Senior military commanders have warned that Pentagon stockpiles are "dangerously low," raising concerns about readiness for future conflicts. Gulf allies, who rely on U.S. air defenses, also fear that shortages could weaken protection against potential Iranian missile and drone attacks.
16:32
The Federal Reserve Board on Tuesday announced its approval of the application by Coastal Bend Bancshares, Inc., of Corpus Christi, Texas, to acquire First National Bank in Port Lavaca, of Port Lavaca, Texas. The announcement was made for release at 4:30 p.m. EDT.
16:32
The Federal Reserve Board announced its approval of the application by FS Bancorp, Inc., of Mountlake Terrace, Washington, to merge with Pacific West Bancorp, and thereby indirectly acquire Pacific West Bank, both of West Linn, Oregon. The announcement was made on Tuesday, for release at 4:30 p.m. EDT.
16:31
The Federal Reserve announced on Tuesday that it has approved the applications by Banco Santander, S.A., and its U.S. subsidiary, Santander Holdings USA, Inc., to acquire Webster Financial Corporation, and indirectly acquire its subsidiary, Webster Bank, National Association.
16:31
Blackstone Inc. has begun preliminary discussions with investors to lead a debt financing package of at least $36 billion, specifically earmarked to cover Anthropic's AI chip rental costs from Google, according to sources familiar with the matter at Bloomberg. If finalized, this financing would surpass the $35 billion debt package jointly arranged by Apollo Global Management and Blackstone approximately two months ago, which was already one of the largest private credit deals in history. Google, an early investor in Anthropic, is now creating a circular funding structure by endorsing its chip rental agreement. Furthermore, Anthropic's hashrate expansion extends beyond Google; it has also signed a $10 billion hashrate agreement with chip hashrate companies Bitdeer and Volta Infra. These financing activities follow Anthropic's confidential submission of US IPO documents and are likely aimed at strengthening its pre-IPO balance sheet and hashrate reserves.
16:29
Argentine maritime pilots are on strike in protest of President Javier Milei's decree to deregulate river navigation services, disrupting commercial activity in one of the world's leading grain suppliers. The strike has affected over 45 vessels, posing a significant hit to global food markets. Argentina's coastguard has ordered the pilots to return to work, warning of disciplinary sanctions.
16:20
The electric vehicle manufacturer reported a net loss of over $1 billion for the second quarter, compared to a loss of $539.4 million a year earlier. Its adjusted loss was $901.1 million, or $3.30 per share, on production of 4,774 vehicles (up 24% year-over-year) and deliveries of 3,953 vehicles (up 19%).

Lucid's new CEO Silvio Napoli had earlier suspended production expectations. The "operational reset" program aims to identify $1.4 billion in cash flow improvement opportunities this year, including $600 million to $800 million from vehicle inventory, $500 million from capital expenditures, and $200 million from operating expenses. The company ended the quarter with $3 billion in total liquidity, which it expects to provide sufficient runway well into 2027.
16:18
SpaceX announced results showing adjusted EPS of -$0.09, significantly better than the expected -$0.29. Adjusted EBITDA was $3.5 billion, exceeding the expected $2.0 billion. As of the end of the reporting period, SpaceX held cash and investments of $100 billion, with a backlog of $47.5 billion. Breaking down by business segment, connectivity revenue was $4.29 billion, AI revenue was $2.56 billion, and aerospace revenue was $962 million. The company reported a net loss of $541 million and capital expenditures of $18.4 billion.
16:01
Cerberus Capital Management is looking to raise at least $4 billion for its latest supply-chain fund. The fund, Cerberus's second of its kind, aims to back investments critical to the US economy. Cerberus Capital Management was co-founded by Deputy Secretary of Defense Stephen Feinberg.
15:52
A group of Ethereum researchers, including Ethereum Foundation's Justin Drake, has published a draft Ethereum Improvement Proposal (EIP-8361) that introduces a "tapered issuance burn." This mechanism would gradually deduct and permanently destroy a rising portion of validators' rewards as the network's overall staking ratio climbs, with the burn fraction reaching 100% when approximately 50% of all ETH is staked. The proposal aims to prevent overconcentration of stake with large providers and address risks to network security and decentralization. However, it has drawn criticism from some community members, including Aave Labs CEO Stani Kulechov, who argue it could harm Ethereum's long-term economic security and DeFi ecosystem. Others, like Grayscale Head of Research Zach Pandl, view the potential reduction in ETH inflation positively for its price.
15:42
The initial phase allows users to claim unique Cloudflare Wallet handles. Funding and payment features will be available later. These wallets are designed to facilitate AI agents' payments for APIs, data, and online content using stablecoins, supporting micropayments through Coinbase-developed x402 protocol. Cloudflare has also partnered with Visa, Mastercard, and American Express on standards to help merchants identify trusted AI agents.
15:10
Wells Fargo & Co. states that the substantial AI spending by big tech companies is “trickling down to the broader economy,” a trend it believes is set to boost industrial stocks.
14:59
Last month, Iranian Islamic Revolutionary Guard Corps (IRGC) spokesperson Hossein Mohbi stated that Iran's missile production speed increased during the ceasefire, and missile accuracy improved through practical combat experience. Iran's acting Minister of Defense, Majid Ebn-Reza, also said that missile and drone production "did not stop for a single day," and drone production had reached three times pre-war levels, though he did not provide specific figures. The Iranian military claims to have used the ceasefire to introduce existing equipment, import new equipment, and repair damaged systems or manufacture new ones.
14:40
Despite the S&P 500 index returning to record territory on Tuesday after a two-month hiatus, some popular valuation metrics are indicating that the large-cap index looks like a bargain. Wall Street continues to insist the S&P 500 is a good value following July's selloff, though investors are advised to approach these suggestions with caution.

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