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8/10
06:03
Meta CEO Mark Zuckerberg says the company will soon resume releasing open-source AI models, with an independent board having authority to approve safety criteria, and unveils Muse Glimmer, a new open-weight agentic model designed to run locally on Macs and PCs.
05:51
Iran's Foreign Ministry stated that senior Iranian officials, including Foreign Minister Abbas Araghchi and chief negotiator Mohammad Bagher Ghalibaf, would only visit Pakistan when "appropriate conditions" are met. Although Pakistan has been mediating in the conflict between Iran and the United States, Tehran clarified that any potential visit would primarily focus on bilateral relations.
05:47
SpaceX's stock has declined 34% from its post-IPO peak. Analysts note the company is valued at $1.7 trillion, trading at approximately 56 times sales, suggesting significant growth is already priced in. While its connectivity division (Starlink) generated $4.3 billion in Q2 revenue and $1.6 billion in operating profit, its AI and space divisions require substantial investment and are less profitable. Analysts suggest that without major breakthroughs, a $10,000 investment today might be worth $10,000 or less by the end of 2027.
05:42
Pakistan-based packaging company Novatex has secured a loan of up to $20 million from IFC, a member of the World Bank Group. The funds are earmarked for importing raw materials and machinery to support local manufacturing and exports. IFC stated that the financing aims to bolster local manufacturing while supporting job creation, export revenues, and the stability of domestic supply chains, as well as reducing reliance on imported packaging supplies. Novatex is Pakistan's largest non-textile exporter, holding over 65% of the country's PET resin market share.
05:35
High Gasoline Prices, Fueled by Middle East Crisis, Boost China's EV Exports and Reshape Global Car Market. Chinese electric-vehicle makers, facing a glut of EVs and weak domestic demand earlier this year, are leveraging the high gasoline prices resulting from the Middle East crisis to export their excess supply, prompting more drivers overseas to buy EVs and impacting traditional carmakers' market share.
05:31
U.S. retailers have accelerated their import of goods in advance to circumvent the new 10%-12.5% tariffs effective July 24 (replacing the temporary tariffs expiring July 23) and to cope with supply chain uncertainties. This has led to the early arrival of the traditional peak season for U.S. retail imports (typically in late summer or autumn) this year. According to the latest Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates, U.S. ports handled 2.23 million Twenty-Foot Equivalent Units (TEUs) of container imports in June, a 13.2% increase year-over-year.
05:28
Analysts suggest that if SpaceX can swiftly expand its compute capacity, Microsoft could be perfectly positioned to monetize what they describe as a “one-in-a-generation opportunity” stemming from Elon Musk's AI initiatives for the company.
05:17
The multi-year partnership aims to bolster monitoring and oversight of trading activity on Kalshi's platform. This move comes as prediction markets face increasing pressure from lawmakers following high-profile alleged insider trading cases, including a recent $35,000 fine by the Commodity Futures Trading Commission (CFTC) against former Republican Representative George Santos for alleged manipulative trading on Kalshi, and an ongoing investigation into a White House teleprompter operator.
05:17
JPMorgan Chase strategists have raised their S&P 500 earnings per share (EPS) estimate for 2026 to $365, representing a 35% annual growth, and increased their S&P 500 target price from 7,800 to 8,000. The index is currently trading at 7,758.
05:17
The Bank of Japan (BOJ)'s summary of opinions from its July meeting showed policymakers warning that inflation risks are rising, which could necessitate a faster pace of interest rate hikes than expected, increasing the likelihood of a September hike.
05:16
Officials stated that a Ukrainian drone strike on Russia's Tatarstan region, specifically the city of Nizhnekamsk, resulted in at least 13 deaths and 39 injuries. This marks one of the deadliest single attacks on Russia since the start of the war, with Moscow confirming industrial facilities and residential areas were targeted. Nizhnekamsk is over 1,100 kilometers from the Ukrainian border and hosts major oil refineries and a large petrochemical company.
05:16
Gold prices are maintaining above the $4,400-a-troy-ounce mark, having recorded their strongest weekly gain since January. Investors are now looking to key U.S. inflation data for further indications on the Federal Reserve's policy trajectory. This rally is supported by weaker U.S. economic data, which has reduced the risk of near-term rate hikes, alongside growing concerns over U.S. fiscal debt, a softer dollar, and sustained demand from central banks and Asian investors. Following unexpected job losses in the U.S. economy in July, traders now price in only a 44% chance of a September rate hike, according to the CME Group's FedWatch tool.
05:15
Investors are focusing on this week's consumer-price report, which is expected to influence the Federal Reserve's decision on whether to hold interest rates steady in September. The three major indexes closed higher on Friday after a softer-than-expected jobs report bolstered the case for the Fed to maintain current rates.
05:11
Hedge funds trading Bitcoin futures on the Chicago Mercantile Exchange (CME) have flipped net long, according to CryptoQuant CEO Ki Young Ju. This rare positioning shift indicates professional traders are increasingly betting on Bitcoin prices rising, abandoning the once-popular basis trade as annualized three-month Bitcoin futures basis has fallen to approximately 3%, below the roughly 3.8% yield on two-year U.S. Treasury notes.
05:05
All active orders, conditional orders, and open positions for the contract will be automatically canceled or closed, with closing prices based on the average index price 30 minutes prior to delisting.
05:05
Iran states the Saudi-Pakistan-Turkey defense agreement signals a shift away from U.S. security guarantees, as Middle Eastern countries increasingly recognize they cannot rely on Washington for security.

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