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8/13
19:13
The Securities and Exchange Commission (SEC) has further postponed its anticipated "innovation exemption," which aimed to accelerate tokenized securities trading. This decision follows concerns from the White House regarding potential complications for broader crypto legislation and from Wall Street, particularly the SIFMA trade group, about how blockchain-based trading venues would integrate with existing equity-market rules like best execution obligations. The SEC had previously delayed the exemption in May and was expected to share details at a now-canceled Friday meeting for its "Reg Crypto" rulemaking. The delay occurs as tokenization gains traction, with analysts projecting a $5.5 trillion market by 2030.
17:48
The White House today released a fact sheet providing more details on President Donald Trump’s National Security Presidential Memorandum, signed to rebuild the U.S. naval shipbuilding industrial base. The memorandum directs the Secretary of War to establish the first U.S. naval shipyard in over 80 years to enhance submarine and aircraft carrier repair capabilities. Additionally, the memorandum calls for the establishment of a component repair center and a comprehensive review, reform, and reorganization of the Naval Sea Systems Command to address long-standing challenges in naval shipbuilding.
17:42
Trump announced his "Complete and Total Endorsement" for LiPetri, a former New York State Assemblyman. He attacked the incumbent, Tom Suozzi, as a "Radical Left Lunatic" who supports open borders, transgender policies, defunding the police, and gun control. Trump also accused Suozzi of making money from stocks using insider information, citing a New York Post report that Suozzi's portfolio performance beat Nancy Pelosi's with a 35% return.
17:37
Reddit's stock rose 11% in extended trading on Thursday following the social media company's announcement of its inclusion in the S&P 500. The company is set to join the S&P 500 on August 18, replacing AvalonBay Communities Inc.
17:37
The proclamation follows a Commerce Secretary investigation which found that UAS and component imports threaten US national security. The Secretary recommended high ad valorem duties on UAS with a maximum take-off weight over 25 kilograms and on UAS docking stations.
17:37
The U.S. President issued a memorandum aimed at addressing issues such as design complexity, cost overruns, delays, and lack of competitiveness in the U.S. Navy's shipbuilding industry. The memo instructs the Secretary of War to submit a plan within 60 days to replace the electromagnetic aircraft launch system and advanced weapon elevators on the CVN-81 aircraft carrier, currently under construction, with steam and hydraulic systems. Furthermore, the memo requires a plan to be submitted within 90 days to adopt the "Finnish model," drawing inspiration from the U.S.-Finland cooperation in building medium icebreakers. This model involves attracting foreign suppliers to build new shipyards or acquire stakes in existing ones in the U.S., employing American workers, licensing technology, and procuring from the American supply chain, all with the goal of expanding domestic shipbuilding capacity and competition. This initiative aims to revitalize the U.S. maritime industry and enhance national security and economic prosperity.
17:23
The startup, co-founded by former Energy Secretary Rick Perry, went public last year and has spent recent months in a legal and shareholder tussle with its former CEO, while racing to sign a first customer for its sprawling Texas data-center and energy campus.
17:19
In the tweet, cb_doge highlighted that users can view if their accounts or posts are being suppressed, understand the exact reasons for any visibility limits, and download full reports.
17:16
The crypto exchange's prediction market volume nearly doubled as it continued expanding beyond traditional crypto trading.
17:02
The trend is fueled by online Gacha mechanics, which propel the pursuit of coveted cards.
16:38
U.S. stocks rose, with the S&P 500 closing at a record high, after wholesale inflation data eased, alleviating concerns about interest rate hikes. The Dow Jones Industrial Average rose 69.72 points, or 0.13%, to 53839.99; the S&P 500 gained 50.49 points, or 0.65%, to 7798.99; and the Nasdaq Composite Index advanced 214.54 points, or 0.81%, to 26803.03.
16:27
This is up from 14.8% in Q1 and 12.9% a year ago, well above the five-year average of 12.4%. Google (Alphabet) and Amazon are the biggest contributors to this record. Even excluding these two, the S&P 500 margin still reached a record 15%, also the highest since 2009.
16:16
The AI big-data company's CEO Ali Ghodsi told TechCrunch that investors showed $15 billion of interest, prompting the larger raise. The round was led by Coatue, with participation from Blackstone, MGX, T. Rowe Price, and new investor Sixth Street Growth. Ghodsi cited the high costs of AI development, multi-billion dollar cloud commitments, and M&A activities as reasons for seeking capital.
16:15
Apple CEO Tim Cook and U.S. Commerce Secretary Howard Lutnick jointly unveiled a new manufacturing facility in Houston, Texas, on Wednesday. The factory will be responsible for producing Mac Mini desktop computers and assembling Apple's AI servers. Cook stated that Apple has invested hundreds of millions of dollars in the facility. This factory opening is part of Apple's "Made in America initiative" and comes as Cook is about to step down as CEO to become executive chairman, with future responsibilities including interacting with global policymakers.
16:13
Bloomberg analyst Paula Seligson notes that "Software as a Service" (SaaS) companies are facing a "SaaSpocalypse" risk as artificial intelligence replaces software functions such as data visualization. Investors are currently assessing the reality of this risk and which companies are most vulnerable.
15:59
Senior Research Economist Sree Kochugovindan from Aberdeen noted that despite inflation remaining elevated and outpacing wage growth, the recent US inflation report was a "nonevent." He emphasized that more economic data is forthcoming, and the upcoming Jackson Hole symposium will be critical for gauging the Fed's next moves.
15:56
Gargi Chaudhuri, BlackRock's Head of Investment and Portfolio Strategy for the Americas, stated that the U.S. government sold 30-year bonds at the highest interest rate in 25 years, reflecting ongoing market sell-offs and fueling speculation that the U.S. will further shift towards issuing short-term bonds.
15:31
Former House Financial Services Committee chairman Patrick McHenry called Thursday's bond sale a "wake up sign" for the country on government debt and deficit, urging action on overspending.
15:23
The new mode, currently in preview and powered by a partnership with chipmaker Cerebras, aims to attract enterprise users by offering significantly faster processing. OpenAI suggests it can be deployed in corporate workflows such as incident response, customer service, financial market analysis, and e-commerce.
15:23
IBM announced its partnership with OpenAI to bring the AI company’s models and tools to more enterprise customers. Under the agreement, IBM will establish a dedicated OpenAI practice within IBM Consulting and train and certify tens of thousands of consultants on OpenAI’s technologies over the next several months. The partnership aims to jointly market AI offerings and develop industry-specific solutions, integrating OpenAI's latest models like GPT-5.6 into IBM Consulting Advantage.

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