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8/5
11:19
Shopify's second-quarter revenue exceeded analysts' average expectations, with company president Harley Finkelstein calling it a "huge quarter."
11:19
Semiconductor company AMD's second-quarter revenue and third-quarter sales forecast failed to meet investor expectations, leading to a decline in its stock price.
11:14
Singapore's Monetary Authority (MAS) stated in a parliamentary reply that its Collaborative Sharing of Money Laundering/Terrorism Financing Information & Cases (COSMIC) platform has enhanced participant banks' ability to detect bad actors and strengthened the financial sector's defenses against financial crime. Since its launch on April 1, 2024, COSMIC has led to additional suspicious transaction reports and the closure of a significant number of suspicious customer accounts. The platform's effectiveness was affirmed by the Financial Action Task Force (FATF). MAS plans to complete the expansion of COSMIC within 2 years, widening its scope beyond the initial three financial crime risk areas and onboarding other major banks.
11:14
In a written reply to a parliamentary question on August 5, Singapore's Deputy Prime Minister and Chairman of MAS, Gan Kim Yong, stated that the Monetary Authority of Singapore (MAS) has licensed 37 Digital Payment Token Service Providers (DPTSPs), which are regulated as VASPs, out of nearly 300 applications. MAS applies stringent licensing criteria and maintains close supervision over these entities to mitigate money laundering and proliferation financing risks. The Financial Action Task Force (FATF) recently recognized the strength of Singapore's anti-money laundering and counter-terrorism financing (AML/CFT) framework and MAS' effectiveness in regulating DPTSPs.
11:13
Ravi Menon, Chairman of the Monetary Authority of Singapore (MAS) and Minister for Trade and Industry, stated in a written response to a parliamentary question that MAS has not received feedback from banks requiring businesses to have a physical commercial office when applying for a bank account. He noted that customers using virtual or residential addresses are also able to obtain corporate bank accounts. Banks conduct customer due diligence during account opening to assess risks and ensure that customers have genuine business operations and that accounts are not used as tools for money laundering. In this process, banks may request additional information or supporting documents from customers using residential or virtual office addresses to prove that they are engaged in legitimate business activities. However, this is a risk-based assessment and not a mandatory requirement for a commercial office address.
11:13
The Monetary Authority of Singapore (MAS) stated in a parliamentary reply that it is adopting a principles-based approach to guide safe and responsible AI adoption, including for agentic AI. MAS published a consultation paper on proposed Guidelines on Artificial Intelligence Risk Management in November 2025, which are set to be finalized soon. These guidelines apply to all AI use cases by financial institutions. MAS is also collaborating with the industry to develop practical implementation resources, such as an AI Risk Management Toolkit and the Safeguards for Agentic Finance at Runtime (SAFR) framework.
11:13
The 30-day competition, running from August 5 to September 5, 2026, will rank traders based on Absolute Realized PnL from closed positions on XAU Perp (gold) and XAG Perp (silver) futures. A separate sub-leaderboard will track newcomers placing their first futures trade during the competition.
11:10
Zoox, a subsidiary of Amazon, announced it will begin offering paid robotaxi rides in Las Vegas starting August 10. This marks the company's first commercial market launch, following less than a year of providing free rides to the public in parts of Las Vegas and San Francisco. The move aims to scale up its operations and compete with rivals like Alphabet's Waymo. Zoox received a temporary exemption from federal regulators in July, allowing it to charge fares for its driverless, toaster-shaped shuttles that lack traditional human controls.
11:07
An analysis suggests the Vanguard International High Dividend ETF (NASDAQ: VYMI) could be the most underrated investment of 2026. The $19.5 billion ETF, which turned 10 in February, has reportedly outperformed both the S&P 500 and broader international ETFs this year. It offers a 3.5% dividend yield and an annual fee of 0.07%, with its portfolio allocating only 5.4% to tech stocks and half its holdings in financial services and industrial sectors.
11:03
The U.S. Treasury Department on Wednesday released its quarterly refinancing statement, maintaining the auction sizes for future bills and coupon-bearing Treasury notes, in line with market expectations. At the same time, the statement changed the wording regarding the future issuance size of long-term coupon-bearing Treasury notes from "increase" to "adjust," sparking market speculation about future debt issuance strategies. Analysts anticipate that the total U.S. federal government debt will exceed $40 trillion within the next two weeks.
11:03
Reportedly, Tesla and SpaceX have seen their combined market capitalization evaporate by $1.19 trillion since June, falling from $3.94 trillion to $2.75 trillion. Of this, SpaceX's market cap has plummeted by nearly $1 trillion in the past six weeks, with its stock price dropping by 40%; Tesla's market cap has evaporated by $220 billion, and its stock price has fallen by nearly 20% since June 19.

The challenges faced by both companies primarily revolve around the development and acceleration of artificial intelligence (AI). Tesla plans to invest $25 billion in capital expenditures and borrow $30 billion this year, and its stock price fell by 18% in the week following its recent earnings release, marking its worst performance since 2022. SpaceX, on the other hand, hopes to serve the $26.5 trillion AI market by establishing orbital data centers, but Goldman Sachs projects it will have a negative free cash flow of $105 billion in 2029.
10:59
The brand utilizes generative artificial intelligence for designing both garments and models.
10:58
Specifically, data from the prediction platform Kalshi shows that the probability of the Federal Reserve maintaining interest rates in September is 49%, the probability of a 25 basis point hike is 47%, and the probability of a hike exceeding 25 basis points is 2%. The outlooks from major Wall Street institutions also vary: Bank of America expects 25 basis point hikes in September, October, and December; JPMorgan Chase expects no change in September and a hike in December; Goldman Sachs and Morgan Stanley both expect no change and no further rate hikes this year; Barclays also expects no change this year; while Citi predicts no change in September, followed by rate cuts in October, December, and January of next year.
10:58
The move aims to crack down on tax evasion and boost revenue from one of the world’s largest crypto markets.
10:57
Wintrust Financial recently raised its quarterly dividend by 10% to $0.55, while Silicon Motion Technology pays $0.50 quarterly, with its stock up 184% year-to-date due to AI storage demand. Other companies include Franklin Electric (FELE), which extended a multi-decade streak of dividend increases, TriMas (TRS), and Eagle Bancorp (EGBN), which significantly cut its dividend by 94% to $0.01 amid credit deterioration.
10:57
Tesla reported record deliveries of 480,126 vehicles in Q2 2026, with revenue up 25.52% year-over-year to $28.24 billion. However, operating income plunged 56.88% to $398 million, and free cash flow turned negative at $1.09 billion due to a doubling of CapEx. The company's EPS of $0.33 missed consensus by 38.51%. Following the report, Tesla's stock is down 30.8% year-to-date, while BYD's stock (BYDDF) is down only 2.04% over the same period. CEO Elon Musk emphasized Tesla's shift towards being a software and robotics company, with FSD attach rates reaching 55% of new North American deliveries and 1.48 million active subscribers.
10:57
According to Pershing Square's 13F filing submitted on May 15, 2026, for the period ending March 31, the company initiated a new position of 5,654,078 shares in Microsoft (Microsoft, NASDAQ:MSFT), valued at approximately $2.09 billion, representing 15.26% of its disclosed portfolio and making it one of its primary holdings. Concurrently, Pershing Square significantly reduced its holdings in Google (Alphabet, NASDAQ:GOOG, NASDAQ:GOOGL), cutting GOOG class shares by approximately 94.94% and GOOGL class shares by approximately 95.2%. This move comes as other peer fund managers have been reducing their Microsoft holdings, with Ackman going against the trend, betting on Microsoft's ability to monetize enterprise AI more quickly into sustained earnings.

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