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24/7 News

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8/11
19:55
The Bank of Japan announced that the M2 money stock in July increased by 2.2% from a year earlier, while the M3 money stock rose by 1.4% year-on-year. Broadly-defined liquidity (L) saw a 4.4% year-on-year increase.
19:44
Bloomberg analysis indicates that China's biggest tech firms' earnings, due this week, will test the market rotation from AI infrastructure stocks to internet stocks.
19:10
The move aims to bolster its position as Southeast Asia’s key multi-asset exchange by offering a broader suite of exchange-traded funds and stepping up collaborations across markets.
18:30
Despite the growth in transactions and Total Value Locked (TVL), Robinhood Chain is experiencing a stagnating user base.
17:52
Super Micro's latest forecast has exceeded expectations, building on an improved profitability trajectory that the company teased several weeks ago.
17:42
Bitcoin has extended a five-week standstill, with steady demand from exchange-traded funds being offset by selling from miners and corporate holders. Trading volumes have fallen to their lowest levels in three years. Analysts believe the upcoming U.S. inflation report (CPI) could provide the necessary catalyst to break the stalemate, as implied volatility has collapsed and conviction is thin on both sides.
17:32
The U.S. Commodity Futures Trading Commission (CFTC) announced that it has used its "emergency powers" to order prediction market operator Kalshi to continue operating in New York State. This follows a lawsuit filed against Kalshi by New York Attorney General Letitia James in late July, alleging that it violated the state's gambling laws by offering sports-related prediction markets and demanding the platform's closure. CFTC Chairman Mike Selig reiterated that Congress did not intend for derivatives exchanges to be regulated under a patchwork of state gambling laws, emphasizing that these are financial exchanges operating across states, and New York State has no authority to regulate these interstate financial markets. This move marks the latest conflict between federal commodity regulators and state regulators over jurisdiction in prediction markets.
17:29
The Panama Canal has seen its transit fees reach a record high, primarily driven by the El Niño weather phenomenon, which has caused falling water levels. This could lead to a limitation of transit slots through the crucial maritime passageway. Additionally, the Iran war is contributing to the shipping choke points.
17:18
Lumentum reported blowout earnings and an upbeat forecast, driven by surging demand for AI infrastructure, though its stock was largely flat after hours.
16:37
One analyst believes that a lack of clarity around Oracle’s future AI spending plans is keeping investors on the sidelines.

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