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8/6
17:45
White House issues executive order to combat 'birth tourism'
The order authorizes the Secretaries of State and Homeland Security to take actions including preventing entry, revoking visas, and permanently barring entry for foreign nationals attempting to enter the U.S. for the purpose of giving birth on American soil. It defines "birth tourism" as entering the U.S. via a nonimmigrant visa for the purpose of giving birth, or facilitating such entry.
17:32
U.S. diplomat Rubio announced sanctions against five Cuban companies and eight individuals, accusing them of assisting Cuba in acquiring military equipment from Russia and China.
The U.S. State Department stated that the sanctioned entities include Tecnoimport (responsible for importing military equipment), Union de Industria Militar (UIM) (manufacturing and repairing weapon systems), and EMI Yuri Gagarin (maintaining Russian-made military aircraft). Sanctioned individuals include high-ranking military leaders such as Cuban Minister of Defense Álvaro López Miera and Chief of Staff Roberto Legrá Sotolongo. These sanctions freeze any assets of the targeted entities in the United States and prohibit Americans from doing business with them. Furthermore, foreign banks and companies that collaborate with these entities may also face sanctions. This move is the latest in a series of economic measures taken by the Donald Trump administration against Cuba, following Donald Trump's return to the presidency in 2025, which strengthened restrictions on Cuba and first designated it as a "state sponsor of terrorism" in 2021.
17:24
Top Japan Insurer Daiichi Life Group Urges Companies to Issue Bonds
Japan's Daiichi Life Group Inc. is directly contacting companies to explore their interest in issuing bonds, an unusual investment tactic for an insurer, as it seeks higher yields.
17:22
Crypto PACs Invest Over $1.5M in Four US House and Senate Races
The Defend American Jobs and Protect Progress PACs reported spending more than $1.5 million on media for four House and Senate races ahead of Aug. 18 primary elections, following a previous primary loss.
17:17
Bitcoin Miners MARA and CleanSpark Report Double-Digit Revenue Decline, Widening Net Losses
Bitcoin miners MARA and CleanSpark have released their latest quarterly financial reports, both showing double-digit declines in revenue. MARA's Q2 2026 revenue was $174.9 million, a 27% year-over-year decrease, with net loss expanding to $611.3 million. CleanSpark's revenue for the third fiscal quarter ending June 30 was $138 million, a 30.5% year-over-year decrease, with a net loss of $239.8 million. Both companies stated that they are continuously investing in expanding their high-performance computing business lines amidst growth in the AI sector and increasing Bitcoin mining difficulty. Following the earnings release, MARA's stock price fell over 5%, and CleanSpark's stock price dropped over 6%.
17:14
White House Announcement: U.S. President to adjust imports of polysilicon and its derivatives, setting a minimum import price and imposing a 15% tariff.
The President of the United States announced, through a proclamation, adjustments to the import policy for polysilicon and its derivatives, in response to national security threats posed by foreign competition to the U.S. semiconductor and solar supply chains. The new measures include setting a minimum import price (MIP) for polysilicon and its derivatives, and imposing a 15% ad valorem tariff on downstream polysilicon derivatives. These actions aim to revitalize the U.S. polysilicon industry, ensure a secure and reliable supply of domestic semiconductor and solar products, and are complemented by a reshoring initiative to encourage domestic production. This follows an investigation by the U.S. Secretary of Commerce under Section 232 of the Trade Expansion Act of 1962, which determined that polysilicon imports threatened U.S. national security.
17:10
Airbnb stock soared 9% after Q2 earnings beat and strong Q3 guidance
Airbnb's stock jumped 9% in extended trading after the company reported better-than-expected Q2 results and issued strong Q3 guidance. Q2 revenue climbed 17% to $3.1 billion, and net income increased to $816 million. For Q3, Airbnb expects revenue between $4.69 billion and $4.77 billion, exceeding analysts' projection of $4.61 billion, driven by strong demand across all regions.
17:07
BofA Report: For the First Time in the ChatGPT Era, "Tech Magnificent Seven" Earnings Reports Collectively Exceeded Implied Volatility, and US Stock Divergence Hit a Near 35-Year High
Bank of America's equity derivatives team reported that since the advent of ChatGPT, six of the "Tech Magnificent Seven" have released their latest earnings reports. For the first time, their actual post-earnings volatility almost entirely exceeded the pre-earnings implied volatility from options, indicating that the options market systematically underestimated the impact of large tech companies' earnings. For example, Microsoft's stock price surged by about 16% after its earnings report, while Tesla plummeted by about 15%. BofA believes that the market is repricing AI leaders by much more than expected, pushing the divergence among individual stocks in the US equity market to its highest level in nearly 35 years. It also warned that macroeconomic uncertainty continues to rise, which will strongly support market volatility.
17:01
MarketWatch Comment: Claims of Social Security 'Running Out of Money' in 2032 Are Inaccurate
MarketWatch commented that even if the U.S. Congress takes no action, the Social Security system will still be able to pay out 78% of entitled benefits starting in 2032, making the popular notion of it 'running out of money' inaccurate.
16:59
WTI crude oil rose 4.23% during the day, now trading at $78.400.
16:56
OpenAI is accelerating the development of its first consumer-grade smart speaker, with plans for a 2027 release and a price point of $300-400. Apple has filed a lawsuit alleging trade secret infringement.
According to Bloomberg, OpenAI's first consumer hardware product, a "donut-shaped" smart speaker designed by Jony Ive, the father of the iPhone, is planned for official release in 2027, priced between $300 and $400. The device features built-in cameras and sensors, capable of learning user habits and engaging in human-like interactions. OpenAI views this as a crucial step into the hardware market, ultimately aiming to replace smartphones. However, Apple has filed a lawsuit against OpenAI for trade secret infringement and applied for an injunction this week, which could directly disrupt the new product launch. OpenAI denies any infringement and has filed a motion to dismiss Apple's lawsuit.
16:42
Trump allies push to arm president with new tariff weapon to punish countries 'ripping off' America
16:37
Trump says he doesn't think Iran can go much longer
16:36
Trump says "we want missiles too" in response to Zelenskyy's request for missiles
16:35
Trump says he is working on the Russia-Ukraine conflict and believes progress is being made.
16:28
U.S. Stocks Close Lower Amid Hormuz Deal Doubts
The Dow industrials led U.S. stocks to a lower close in a jittery session, as doubts emerged regarding a potential deal concerning the Strait of Hormuz.
16:19
Second-hand retailer Savers Value Village has launched an AI pricing tool called ThriftIQ, which has been deployed in 58 stores and has priced over 25 million items.
Savers Value Village exclusively disclosed to CNBC that it is launching an AI pricing tool called ThriftIQ, designed to optimize product pricing and maintain price consistency and affordability. The tool has been deployed in 58 pilot stores and has already priced over 25 million items, a number expected to double by the end of this year. The company aims to provide customers with more predictable pricing while keeping average prices 40% to 70% below traditional retail prices. Mark Walsh, CEO of Savers, stated that the tool is not dynamic pricing, and once an item is priced and tagged, the tag price will not change. The company plans to roll it out to more U.S. and Canadian stores by early 2028.
16:12
AMD acquires AI chip startup Taalas to strengthen its AI model hardware integration capabilities
AMD announced on Thursday that it has reached an agreement to acquire Taalas, a Toronto-based startup. Taalas specializes in custom or hardwired accelerator chips for specific AI models, rather than general-purpose chips, and its technology is expected to provide lower-cost and thousands of times faster outputs for specific models. The acquisition aims to integrate Taalas' chips and technology into AMD's product roadmap, including its CPU and Instinct GPU systems, to address the demand for diverse chip solutions in the generative AI field. Previously, NVIDIA also acquired the assets of AI chip design company Groq for $20 billion.
16:12
The White House announced that, at the call of President Donald Trump, several private companies have lowered prices for goods and services, covering areas such as food, medicine, energy, and automobiles.
The White House has announced that, in response to President Donald Trump's call to lower the cost of living for Americans, private companies are taking action. Specific measures include:

For food and everyday essentials, Giant Eagle is lowering prices on over 300 popular products by an average of more than 10%; major retailers such as Walmart, Sam's Club, Target, Kroger, Albertsons, and H-E-B have also reduced prices on thousands of everyday items, with Albertsons lowering the base price of some items by at least 8% or $1, Cub Foods reducing prices on dozens of items by approximately 40%, and PepsiCo cutting retail prices on major snack brands by up to 15%.

For prescription drugs, 17 of the world's largest pharmaceutical manufacturers have agreed to match U.S. drug prices with the lowest prices in comparable developed countries. Novo Nordisk, through TrumpRx, is reducing the price of Ozempic and Wegovy to $199-$350 per month and cutting prices on common insulin treatments by 75%; Pfizer, through TrumpRx, is offering an average discount of 50% (up to 85%) on primary care treatments and select brands; Amgen, Eli Lilly, and other companies have also reduced prices on multiple drugs by 60%-85%.

For energy, 25 gas stations under the Freedom Fuel Network are lowering gasoline prices by approximately 50 cents/gallon; Georgia Power is reducing residential electricity bills by $50 annually; Alliant Energy is implementing a five-year electricity rate freeze for Iowa residential customers; NiSource and Entergy will return $1.4 billion and $2 billion, respectively, to customers in Indiana and Mississippi; DTE Energy has announced a suspension of electricity rate increases for at least two years.

For automobiles, Ford is extending employee pricing to all U.S. customers; Stellantis is offering 0% financing and 90-day deferred payments; Chevrolet is also providing 90-day deferred payments and multi-year 0% APR financing options.
16:09
Grindr's AI investments are boosting engineering productivity and driving subscriber growth, with its new $350/month premium AI tier attracting a broader user mix than expected, CEO says
Grindr CEO George Arison stated that the company's AI strategy is paying off, with engineering output increasing roughly 2.5 times between July 2025 and April 2026 without a significant increase in headcount. This productivity gain, which would have otherwise required 200 additional engineers and $60 million in annual costs, makes the projected $6 million annual spend on AI tokens a "no-brainer." The LGBTQ-focused dating platform reported Q2 revenue of $138 million, up 33% year-over-year, and raised its 2026 full-year revenue guidance to approximately $540 million. Its new AI-powered "Edge" companion, priced as high as $350 per month in test markets, was initially expected to attract only top-tier subscribers but has seen adoption from a wider range of users, including non-subscribers, indicating consumer willingness to pay for AI experiences. Subscriber retention has also remained stron

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