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8/11
13:46
The White House released its mid-year crime report, stating that violent crime continues to decline in major U.S. cities. According to data from the Major Cities Chiefs Association, homicides in the nation's largest cities decreased by 17.2% compared to the first half of last year, with significant reductions also seen in robberies, rapes, aggravated assaults, and overall violent crime. The report noted that this resulted in nearly 14,200 fewer violent crimes reported over six months and attributed it to President Donald Trump's "law and order agenda." Among these, homicides in Washington D.C. decreased by 43.9%, Memphis by 43.7%, and New Orleans by nearly 25%.
13:45
SpaceX's quarterly financial report, released on August 4, showed its revenue exceeded expectations, reaching $7.81 billion. The company's management stated during the earnings call that they anticipate annual recurring revenue (ARR) to reach $100 billion by December this year. Deutsche Bank analysts, in a report on August 10, noted that despite SpaceX's Q2 ARR being only $31 billion, they believe this target is "very likely achievable," primarily due to contributions from its "neocloud" AI computing infrastructure leasing service and Cursor business. Analysts expect the neocloud business to become SpaceX's primary revenue source, potentially even surpassing its space launch operations.
13:45
New cloud infrastructure provider QumulusAI (NVIDIA) announced a GPU-as-a-service agreement with diversified global trading firm DRW to supply a dedicated NVIDIA Blackwell B300 cluster from its U.S. data centers. The agreement has an initial term of one year and includes three one-year renewal options, for a total maximum term of four years. This move brings QumulusAI's total announced customer agreements since early June to over $246 million and is expected to reach $300 million in forward Annual Recurring Revenue (NVIDIA) for fiscal year 2026.
13:45
Donald Trump Media and Technology Group reported a net loss of $238.1 million in the second quarter of 2026, primarily due to non-cash losses on its cryptocurrency holdings caused by a decline in Bitcoin prices. As of June 30, the company held 9,477 Bitcoin, valued at $557.1 million, down from 9,542 Bitcoin at the end of 2025. The fair value of its holdings decreased from $836 million at the end of last year. The company also holds a Cronos cryptocurrency position, which also saw a decline in value during the first half of this year. Revenue for the quarter was $1.67 million, an 89% increase year-over-year.
13:44
Bicara Therapeutics Inc. announced it ended the second quarter of 2026 with $497 million in cash, providing a runway to fund operations into the first half of 2029. The company's pivotal Phase III FORTIFI-HN01 study for HPV-negative head and neck cancer remains on track for substantial enrollment by year-end 2026, with an interim analysis expected in mid-2027. Additionally, 3-year follow-up data presented at ASCO 2026 showed TGF-beta inhibition nearly doubled overall survival compared to standard of care pembrolizumab in the pivotal dose cohort. The company is also undergoing a leadership transition, elevating Ryan Cohlhepp to CEO, effective January 2027, to focus on commercial oncology execution. Operating expenses are projected to increase for the remainder of the year due to clinical operations, manufacturing, and initial commercial infrastructure investments. Bicara anticipates discl
13:44
Veteran trader and market analyst Alessio Rastani states that Bitcoin is poised for a short-to-medium-term rally within the next three to six months, but will face challenges thereafter. He believes that Bitcoin has completed a five-wave bull cycle, and according to Elliott Wave theory, typically retraces to the previous wave 4 level, which is the $20,000 to $25,000 range. Rastani anticipates this decline to occur by the end of 2027, linking it to his expectation that the S&P 500 might peak at 8,000 points between late 2026 and 2027 before entering a bear market, suggesting that a stock market downturn would drag Bitcoin down with it.
13:43
U.S. Energy Secretary Chris Wright stated that oil flow through the Strait of Hormuz is recovering, with nearly 9 million barrels of oil passing through the strait daily. He noted that the total oil flow in the region, including pipeline transportation, has reached approximately 15 million barrels per day, suggesting that supply pressures caused by the Iran war may be easing. Nevertheless, U.S. crude oil prices remain high at around $83 per barrel, while strategic petroleum reserves have fallen below 300 million barrels.
13:38
X platform commentator Nick Timiraos noted that more Federal Reserve Federal Open Market Committee (FOMC) members have indicated they will closely monitor the next few price level readings to determine if their forecast of bringing inflation down to 2% without further policy tightening holds up. However, the new Federal Reserve Chair had previously expressed little interest in a framework that bases policy-sensitive forecast revisions on high-frequency data.
13:34
On Holding reported second-quarter net sales of CHF 850.3 million, falling short of analyst estimates of CHF 878.16 million. The company's wholesale channel was a primary drag, with net sales climbing only 4.8% (12.7% in constant currency), a significant slowdown from Q1. Despite the sales miss, net income swung to CHF 105.0 million from a loss a year earlier, and adjusted EPS of CHF 0.35 edged past estimates. On Holding also trimmed its full-year constant-currency revenue growth outlook to the low-20% range from a prior floor of 23%.
13:31
Investors are accumulating Ethereum (ETH) ahead of Wednesday’s U.S. CPI report, with managed money reportedly buying ETH on spot markets at 7.2 times its normal pace, according to Nansen. Meanwhile, sophisticated traders remain net short Bitcoin (BTC) and Ethereum derivatives, signaling caution over inflation and potential rate hikes. Ethereum fell 0.9% to $1,862, and Bitcoin dropped 1% to $63,455.
13:28
Sam Altman, CEO of OpenAI, reportedly holds approximately 12.2 million shares in the social media platform Reddit through his affiliated entities, currently valued at nearly $2 billion, making him the company's third-largest individual shareholder. Altman began investing in Reddit as early as its Series B funding round in 2014 and made an additional $60 million investment in 2021. Although Altman has repeatedly stated that he does not directly hold equity in OpenAI, his stake in Reddit highlights his views on the value of data owners in the age of AI. Reddit's AI data licensing business has become a significant source of revenue for the company, with an annual data agreement of approximately $60 million reached with Alphabet in 2024, and OpenAI reportedly paying Reddit about $70 million annually. AI licensing revenue is expected to contribute approximately 10% to Reddit's total revenue in 2024.
13:17
The analyst pointed out that Costco currently has a P/E ratio of 48x, while Walmart's is 41x. Although Costco's revenue growth rate is twice that of Walmart, its high valuation limits its stock price upside potential.
13:12
SpaceX CEO Elon Musk noted during the company's Q2 conference call that the limiting factor in building out AI computing capacity is currently the supply of memory. He highlighted a significant imbalance, with memory production capacity increasing by approximately 20% per year, while demand has surged by 200%. This imbalance has led to soaring prices for memory chips. Memory chip makers Micron and Sandisk have seen their shares rise by triple-digit percentages in 2026, though they have recently sold off from peaks due to concerns about AI spending. Micron expects more production capacity by mid-2027 and another facility by 2028, anticipating market tightness to persist beyond 2027. Sandisk recently reported 51% quarter-over-quarter growth for fiscal Q4 2026, with two-thirds of that growth attributed to higher prices.
13:12
Upwork (NASDAQ: UPWK) reported second-quarter earnings per share of $0.20, missing the average analyst estimate of $0.21, despite sales of $191.7 million which slightly beat expectations. The gig-economy marketplace company also lowered its full-year sales guidance to between $730 million and $750 million, down from previous guidance of $760 million to $790 million. Full-year non-GAAP EPS guidance was also reduced to $1.38-$1.43 from $1.50-$1.55. CEO Hayden Brown attributed the downward revisions to automation driven by artificial intelligence technologies and a lack of improvements in the labor market.
12:57
The number of new Bitcoin addresses climbed from roughly 260,000 to over 330,000, sharply reversing a downward trend that had persisted for most of the year. This surge is linked to the ongoing Coldcard exploit, which has led users to move funds after at least 1,816 BTC (approximately $116 million) was lost across four theft waves since July 30, traced to a 2021 firmware bug.
12:57
Investor Michael Burry, known for accurately predicting the 2008 housing crash, stated in his August 10 "Cassandra Unchained" newsletter that his biggest concern for Berkshire Hathaway was that Warren Buffett's successor would lack the patience to wait for a "fat pitch," a concern he believes has now materialized. Burry noted that he no longer considers Berkshire Hathaway an attractive investment. Previously, Burry's bearish bets against Tesla, Caterpillar, major semiconductor funds, Oracle, and Nebius had all paid off. Berkshire Hathaway held approximately $365.5 billion in cash and U.S. Treasury bills at the end of the second quarter, down from $397.4 billion at the end of the first quarter, and became a net buyer of stocks for the first time in 14 quarters, net buying nearly $20 billion in stocks, including a $10 billion investment in Alphabet.

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