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19:41
Six Palestinians, including two paramedics, were injured in a series of attacks by Israeli forces and settlers in the Nablus and Bethlehem areas of the West Bank, according to Palestinian authorities. The Palestinian Red Crescent Society stated that its staff treated a man beaten by Israeli forces in Beit Furik, east of Nablus, and coordinated with the International Committee of the Red Cross to ensure access to the arrested individual. In Bethlehem, settlers attacked vehicles, injuring three Palestinians, while paramedics responding to the injured were pelted with stones, resulting in injuries to two medical workers and damage to their vehicle. Since January of this year, Palestinian officials have reported over 11,000 Israeli attacks in the occupied West Bank.
18:34
Source Foundry is a private company aiming to reinvent the way chips are manufactured.
17:19
Mateen, a co-founder of Tinder and board member of the Trump family-backed Bitcoin mining company, purchased 306,981 Class A shares across two days (August 5-6) following the company's latest quarterly earnings report. The transactions bring his total beneficial ownership to 492,297 shares. American Bitcoin recently reported a Q2 net loss of approximately $57 million, while achieving its highest quarterly Bitcoin production to date (932 BTC) and growing its treasury to over 8,000 BTC.
16:46
NVIDIA (Nvidia) shares rose on Friday, notching their best weekly performance in over a year, following significant endorsement for its AI chips and continued strong hyperscale data center spending. SpaceX CEO Elon Musk stated on the company's inaugural earnings call that SpaceX has decided to build "entirely based on NVIDIA" chip architecture in the future, calling NVIDIA's upcoming Vera Rubin chip architecture "the best."
16:36
SpaceX shares jumped for a second straight day, nearing its $135 IPO price after staging a $327 billion rally, bringing them close to breaking back above the company’s initial public offering price for the first time since falling below the key level last month.
16:29
This week, software stocks saw significant volatility as investors weighed the impact of artificial intelligence. HubSpot and Datadog each plunged 19% after their earnings reports, with Datadog noting its largest AI client reduced usage. Conversely, Twilio and Atlassian surged over 20% on Friday following strong quarterly results, with Atlassian's 35% jump marking its best day since 2015. Earlier in the week, workflow management startup Airtable was acquired for less than $1.3 billion, a sharp decline from its peak $12 billion valuation in 2021. The iShares Expanded Tech-Software Sector ETF, which plummeted 24% in Q1, is now down only 3% for the year, reflecting the sector's mixed performance.
16:12
Bloomberg economists, including Anna Wong, noted in their latest weekly outlook report that market expectations for a September rate hike by the Federal Reserve have cooled following the unexpectedly weak July non-farm payrolls report. They anticipate that the July headline CPI, to be released next Wednesday, will show a 2.4% year-over-year increase and zero month-over-month growth; core CPI is expected to rise by 0.1% month-over-month, with its year-over-year growth slowing to 2%, the lowest level since March 2021. Additionally, the team projects that July existing home sales (annualized) will decrease by 2% month-over-month to 4.01 million units. Combining signals from the employment, inflation, and housing markets, the Bloomberg economics team expects the Federal Reserve to maintain interest rates at its September FOMC meeting, believing that future CPI and PPI data will further support a "wait-and-see" policy stance.
16:05
Meredith Whitney, CEO of Meredith Whitney Advisory Group, said in an interview with Bloomberg that U.S. consumers' credit card balances are growing in line with inflation. She also discussed the current reality of many Americans living paycheck to paycheck and how consumers are using credit cards.
15:44
Palantir Technologies Inc.'s shares have experienced their best weekly performance since 2024. This rebound is attributed to booming demand for the company's artificial intelligence solutions, which is restoring investor confidence and signaling a shift in perception that it is no longer considered an 'AI loser'.
15:40
The bill passed with bipartisan support, 86 votes to 11, and has now been sent to the House of Representatives. The bill, titled the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," would impose tariffs of up to 100% on the top five purchasers of Russian crude oil or natural gas, including China and India. Additionally, the bill implements sanctions against Russian leaders and officials, such as Russian President Putin, oligarchs, and financial institutions. At the request of President Donald Trump, the bill also expands sanctions to Iran's weapons and energy sectors.
15:02
Despite a 25% drop in gold prices from their January highs, gold supporters are aggressively buying call options after bond yields stalled. Data shows that last Friday, call option purchases for the SPDR Gold ETF (GLD) approached $100 million, while put option purchases were around $25 million. Call option purchases for the Gold Miners ETF (GDX) also exceeded $80 million, with put option purchases slightly above $9 million. Option trading volume surged, with GLD reaching twice its 30-day average and GDX four times. This aggressive call option buying suggests that gold bulls believe a market shift may be underway, after the 10-year U.S. Treasury yield stalled this week after hitting 4.7%, and the dollar retreated to its lowest level since mid-June. Furthermore, a weaker-than-expected U.S. jobs report also supported the dovish view, with non-farm payrolls unexpectedly declining by 23,000 in July.
14:49
The New York Fed's Survey of Consumer Expectations, released on Friday, showed that U.S. consumers' inflation expectations for the year ahead slightly decreased from 3.7% in June to 3.6%. However, inflation expectations for the next three and five years remained unchanged at 3.3% and 3.0%, respectively. Meanwhile, consumers anticipate a rise in future unemployment rates and an increased risk of job loss. Nevertheless, respondents' assessment of their current and future financial situations improved, and they believe the likelihood of finding a new job if they lose their current one has increased.

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