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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.

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