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8/9
18:11
Brent crude futures and U.S. crude futures both rise over $1 a barrel on uncertainty over Strait's reopening
17:58
Upstart (UPST.O) shares fell 23% in July due to macroeconomic pressures and concerns that agent AI could replace SaaS products.
Upstart (UPST.O) shares fell 23% in July, primarily due to ongoing pressure on lenders from macroeconomic data and market concerns that agent artificial intelligence (AI) could replace software-as-a-service (SaaS) products. Despite the company's strong performance in Q2 2026, with revenue up 42% year-over-year, loan originations increasing by 50%, and net profit nearly tripling to $16.5 million, the market is still weighing its performance against the risks. Upstart management expects full-year revenue growth of 40% for fiscal year 2026 and has provided long-term guidance of a 35% compound annual growth rate through 2028.
17:36
Analysis: Delaying the claim for U.S. Social Security benefits until age 70, while foregoing approximately $158,000 in early benefits, still yields long-term returns superior to any annuity product on the market.
Analysis indicates that delaying Social Security benefit claims from age 62 to 70 means foregoing approximately $158,000 in upfront benefits, but this move can result in roughly 76% higher lifetime benefits in nominal terms. In the current interest rate environment, considering the lifetime cost-of-living adjustment (COLA) benefits of Social Security, its implied yield far surpasses commercial annuity products, which pay only about 5% of the premium annually after inflation adjustment. Although the break-even point for a delayed claiming strategy is typically in the early 80s, and the Social Security trust fund is projected to be depleted by 2033, potentially leading to benefit cuts, this strategy remains the most reliable inflation-adjusted lifetime income source for most retirees.
17:25
Trump says Black and Brown voters are shifting Republican
He states these voters are rejecting Communism and Socialism, and moving toward the Republican Party. Trump also points to the party’s history, noting that Abraham Lincoln was a Republican.
17:15
JPMorgan analyst Harlan Sur raised AMD's stock price target to $550 from $385, maintaining a "Neutral" rating after the chipmaker's recent earnings report.
17:04
China's "national team" battles AI stock volatility as tech ETFs draw record inflows
Concerns over AI valuations have recently rocked the Chinese stock market, posing a test for Beijing's efforts to engineer a "long bull" trend. State-backed funds, known as the "national team," came into public view around July 19.
17:03
China Bets on AI Stocks in Race Against US for Chip and Tech Dominance
The strategy marks a break from Beijing’s traditional reliance on subsidies and state funding, signaling a shift in its approach to fostering technological leadership.
16:48
Micron Stock Drops 27% Since Mid-June Amid Broader AI Spending Skepticism, Despite Strong Q3 Sales Growth of 345%
A recent analysis suggests that Micron Technology's stock has fallen 27% since mid-June, driven by general investor skepticism about the sustainability of artificial intelligence (AI) spending, rather than issues with the company's own business. This pullback occurred despite Micron reporting a 345% surge in fiscal third-quarter sales to $41.5 billion and a 1,200% spike in EPS to $25.11. The analysis highlights that other semiconductor stocks also saw significant declines, with 20 top companies collectively losing $1.3 trillion in market cap in July. However, major tech firms like Alphabet and Amazon continue to project substantial increases in AI capital expenditures for the coming years, indicating ongoing strong demand. Micron management believes the memory shortage will persist at least through 2027, with SK Hynix extending that forecast to 2030, and Apple CEO Tim Cook also expects e
16:32
LongHorn Steakhouse President Laura B. Williamson sold 1,553 shares of Darden Restaurants (DRI) stock on July 31 at an average price of $204.48, following LongHorn's 9.5% comparable sales gr
The sale, disclosed in a recent SEC Form 4 filing, occurred despite LongHorn Steakhouse being a strong performer for Darden, though the company noted it has been absorbing higher beef inflation which is squeezing margins. Williamson retains 10,754 directly held shares, valued at approximately $2.2 million as of August 3.
16:31
USDC and USDT Now Account for 84% of Crypto Card Spending, Monthly Volume Reaches $759 Million in July
Dollar-backed stablecoins USDC and USDT now collectively represent approximately 84% of crypto card spending, a significant shift from less than two years ago when euro-backed tokens dominated the market. USDC alone handles about 58% of card spending, while USDT accounts for 26%. This comes as monthly crypto card volume surged to $759 million in July, a 2.5x increase from $306 million a year earlier, according to a recent a16z crypto report. The euro-backed EURe, which held 88% of card volume in early 2024, has now fallen to roughly 2%.
16:10
Analysts project TSMC's revenue to grow 42% in 2026 and 32% in 2027, with CEO expecting strong chip demand through 2029-2030
Wall Street analysts anticipate Taiwan Semiconductor (TSMC) will see 42% revenue growth in 2026 and 32% in 2027. TSMC CEO C.C. Wei believes strong chip demand, driven by AI, will continue through at least 2029 to 2030. The company has committed an additional $100 billion investment in its Arizona facilities, signaling confidence in sustained demand.
15:54
Jim Cramer advises investors to view SpaceX as a long-term, generational asset, comparing its infrastructure build-out to 19th-century railroads
Following a tumble in SpaceX shares after its earnings report, CNBC's Jim Cramer suggested investors should evaluate the company over decades rather than quarterly. He drew a parallel between SpaceX's extensive capital expenditures for projects like orbital data centers and the historical railroad construction boom, emphasizing that transformative companies require patient capital for their long-term payoff.
15:53
Former Irish President Mary Robinson, representing "The Elders" group, stated that Israel is attempting to "make Palestine disappear physically, economically, culturally, and politically."
The Elders, a group of prominent public figures, concluded after visiting the West Bank that Israel is attempting to "make Palestine disappear physically, economically, culturally and politically." Mary Robinson, a member of the group and former President of Ireland, stated that they were "shocked" by the deterioration of the situation since 2023, noting that the Israeli government grants "complete impunity" to settlers and soldiers for their actions in seizing land and disrupting Palestinian life.
15:37
US Social Security: Wages from non-covered public jobs count against earnings test for early claimers, reducing benefits despite not building credits
Under current US Social Security rules, wages earned from public sector jobs that do not contribute to Social Security (such as some teaching or firefighting positions) still count towards the retirement earnings test for individuals claiming benefits before their full retirement age. For 2026, early claimers earning above $24,480 will have $1 in benefits withheld for every $2 earned over this limit. This rule remains in effect even after the Social Security Fairness Act repealed pension offsets like the Windfall Elimination Provision and Government Pension Offset, as the earnings test itself was left intact.
15:37
Alphabet's Google Cloud Q2 revenue surged 82% year-over-year to $24.8 billion, with operating income tripling to $8.8 billion;公司上调2026年资本支出指引至$1950亿-$2050亿
Alphabet's Google Cloud reported second-quarter revenue of $24.8 billion, an 82% year-over-year increase, while operating income more than tripled to $8.8 billion. The segment margin expanded from 20.6% to 35.5%. The company also raised its 2026 capital expenditure (capex) guidance to $195 billion-$205 billion, up from a prior range of $180 billion-$190 billion, primarily to support AI infrastructure. CEO Sundar Pichai stated that Google Cloud's momentum is driven by its integrated AI portfolio, including custom Tensor Processing Units (TPU) chips and Gemini models.
15:27
Gold Royalty Announces First Half 2026 Results: Revenue of $17.3 Million, Adjusted EBITDA of $12.6 Million, and Reaffirms Full-Year Guidance
Gold Royalty Corp. (NYSEAMERICAN:GROY) announced total revenue, gain on land agreements, and interest of $17.3 million for the first half of 2026, representing a 116% year-over-year increase; adjusted EBITDA increased by 212% to $12.6 million. Gold equivalent ounces (GEOs) grew by over 40% to 3,677 ounces. The company reaffirmed its full-year 2026 GEOs guidance of 7,500-9,300 ounces and expects GEOs to reach 28,000-34,000 ounces by 2030. As of the end of the quarter, the company held $11.3 million in cash, had no debt, and had an undrawn credit facility of $150 million.
15:26
Galiano Gold Reports Q2 Production of 34,391 Ounces, Revenue of $156.6 Million, Maintains Full-Year Guidance
Galiano Gold Inc. (NYSEAMERICAN:GAU) announced its second-quarter gold production reached 34,391 ounces, contributing to a first-half output of over 69,000 ounces, near the upper end of its previous guidance. The company reported Q2 revenue of $156.6 million, adjusted EBITDA of $78.5 million, and adjusted earnings per share of $0.09. Management maintained its full-year production guidance and projected 2026 all-in sustaining costs at $2,300–$2,600 per ounce. Additionally, Galiano increased its 2026 exploration budget to $25 million from $17 million.
15:26
Equinox Gold Raises 2026 Production Outlook to 870,000-920,000 Oz, Increases Dividend by 50% to $0.09/Share
Equinox Gold announced the updated outlook during its Q2 2026 earnings call. The company also highlighted its combination with Orla Mining, which creates a larger North American gold producer with approximately 1.1 million ounces of pro forma annual production. Additionally, CEO Darren Hall will retire, with President Jason Simpson succeeding him. Equinox Gold ended July with about $650 million in cash and approximately $1.2 billion of available liquidity.
15:26
B2Gold Q2 gold production of approximately 204,000 ounces, adjusted net profit of US$41 million, Mali grants Menankoto mining permit
B2Gold announced its second-quarter results, with an adjusted net profit of $41 million, or $0.03 per share, and a negative free cash flow of $258 million. The company narrowed its full-year gold production guidance for 2026 to 820,000-920,000 ounces. Additionally, the Malian government has granted B2Gold the Menankoto mining permit, allowing it to commence pre-stripping operations in the Fekola complex, a project expected to produce over 150,000 ounces of gold annually starting in 2028. The company also returned $224 million to shareholders in the first half of the year through share buybacks and dividends.
15:23
Anthropic will make Claude Code's auto mode the default for Pro, Max, and Team accounts starting August 14
Anthropic will make Claude Code's auto mode the default for Pro, Max, and Team accounts starting August 14. The company stated that in auto mode, Claude Code will proceed with actions unless they are deemed irreversible, destructive, or outside the user's environment, reducing the need for human approval at each step. Testing showed auto mode caught 89% of harmful actions, compared to 13.6% for human review.

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