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8/14
11:57
Nick Timiraos: Different inflation measures offer conflicting views on disinflation, with a newer version suggesting it has stalled.
Nick Timiraos noted that while the symmetric measure indicates inflation has not progressed towards the Fed's target for some time, and is lower than the core measure, two different approaches to filtering out shocks yield contrasting conclusions. One measure (24/31) suggests disinflation has continued, but a newer version (19/20) indicates it has stalled.
11:55
Wingtech Technology's revenue for the first half of 2026 decreased by 94.02% year-on-year to 1.514 billion yuan, and the net profit attributable to the parent company turned into a loss of 406 million yuan, due to the divestiture of its product integration business to focus on semiconductors.
Wingtech Technology reported revenue of 1.514 billion yuan in the first half of 2026, a year-on-year decrease of 94.02%. The net profit attributable to the parent company was a loss of 406 million yuan, compared to a profit of 474 million yuan in the same period last year. The company stated that the significant change in performance was primarily due to the divestiture of its product integration business, further focusing its business structure on its core semiconductor business. In the first half of the year, the semiconductor business achieved revenue of 1.486 billion yuan, with automotive being the largest downstream application, accounting for 38.9%.
11:45
China's Courts Rule Against Firing Workers Solely Due to AI Replacement
Chinese courts have ruled that employers cannot terminate contracts simply because AI has taken over a worker's job. This stance is based on China's Labor Contract Law, which requires employers to prove a "major change in objective circumstances" for termination. Courts in Hangzhou and Guangzhou have upheld rulings in favor of workers, stating that replacing staff with AI does not necessarily constitute such a change. In contrast, the U.S. currently lacks similar broad protections against AI-driven job displacement.
11:44
Goldman Sachs: AI Investment's Crowding-Out Effect on Other Investments Is Limited; US AI Investment Expected to Reach Nearly $600 Billion by 2026
Goldman Sachs analysis indicates that while US AI investment is projected to reach nearly $600 billion by 2026, its crowding-out effect on other investments will be limited, with an estimated incremental crowding-out effect of approximately $50 billion. The report found that large tech companies primarily finance AI projects by reducing stock buybacks and borrowing, rather than by significantly cutting other investments. Furthermore, the expansion of data center construction has coincided with a decline in subsidized manufacturing facility construction, freeing up resources. Goldman Sachs believes that although AI-related financing accounts for nearly a quarter of investment-grade bond issuance, its impact on other companies' borrowing costs is also limited.
11:43
Citibank and JPMorgan Chase will co-finance a US$4.61 billion natural gas power generation project in the United States with Japan
Citibank and JPMorgan Chase will jointly provide $4.61 billion in financing with Japan for natural gas power generation projects in Pennsylvania and Texas. This marks the first time US banks have participated in Japan's $550 billion US investment initiative.
11:42
Meta releases open-source AI model Glimmer; Zuckerberg calls for AI to be "accessible to all"
Meta this week released Glimmer, an open-weight AI model that users can download and run on their own hardware. This move contrasts with Meta's more powerful model, Muse Spark, which remains locked behind an API. Meta CEO Mark Zuckerberg simultaneously published a letter arguing that AI should be "available to everyone," rather than controlled by a few laboratories.
11:36
A Bitcoin Wallet Theft of $116 Million Raises Concerns About Self-Custody Security
Cointelegraph reported that the $116 million Bitcoin wallet theft prompted the market to re-examine the security of crypto asset self-custody.
11:34
Bank of America Raises Nebius (NBIS) Price Target to $310 From $280, Maintains Buy Rating After Q2 Revenue Surges 454%
Bank of America analyst Tal Liani increased the price target for Nebius Group (NBIS) to $310 from $280, while reiterating a Buy rating. This adjustment follows Nebius's strong Q2 earnings report, which showed a 454% year-over-year revenue growth and a 514% surge in its AI Cloud segment. The stock jumped 34% after the earnings announcement and is up 201% year-to-date.
11:27
Ethena treasury company StablecoinX stock jumps 12% after disclosing it holds 20% of total ENA supply
11:22
Elon Musk转发推文称，Cursor已正式加入SpaceX
Elon Musk转发了@mntruell的推文，该推文宣布Cursor已正式加入SpaceX，并表示很高兴能成为这家特殊公司的一部分，与SpaceX AI团队合作是荣幸，未来还有很多工作要做。
11:21
Broadcom is down 5.63% today, now trading at $394.305
11:18
U.S. Senator Warren questioned Treasury Secretary Besant, demanding disclosure of the scale and legal basis of the U.S. intervention in the Japanese yen on July 31.
U.S. Senator Elizabeth Warren sent a letter to Treasury Secretary Janet Yellen on August 13, requesting an explanation of the specific scale, legal basis, and estimated cost to U.S. taxpayers of the U.S. government's use of euro funds from the Exchange Stabilization Fund (ESF) to intervene in the Japanese yen on July 31. Warren also inquired whether the Treasury Department had communicated with the European Central Bank (ECB) before using the euro funds and requested Yellen to respond by August 28. Previously, Yellen had confirmed that the U.S. and Japan had jointly intervened in the foreign exchange market for the first time since 1998 to support the yen, but the specific amount of funds has not yet been disclosed.
11:13
Yahoo Finance Analysis: Gold Yield Fund GOLY's leveraged swap structure turned a roughly 6% decline in gold into a 21% year-to-date loss, with monthly dividends falling over 30%.
Yahoo Finance analysis indicates that the Strategy Shares Gold Enhanced Yield ETF (GOLY) aims to provide investors with gold exposure and monthly income through a leveraged swap structure. However, during a roughly 6% decline in the gold market by mid-2026, GOLY's leveraged positions, combined with rising financing costs, resulted in a year-to-date loss of 21%. Furthermore, the fund's monthly dividend decreased from $0.160667 per share in February 2026 to $0.106792 in July, a drop of 30.4%. In contrast, SPDR Gold Shares (GLD), which tracks physical gold, saw a year-to-date increase of 0.55% during the same period.
11:13
SpaceX's valuation drops as Musk's rockets face new rivals
11:03
Bybit Alpha launches KII Token Splash event with a 3,000,000 KII prize pool
The event, running from August 14, 2:00 PM UTC to August 27, 11:00 AM UTC, requires users to trade at least 500 USDT worth of KII on Alpha to earn a share of the prize pool, with rewards capped at 20,000 KII per user.
11:03
Bybit Alpha now supports KII for on-chain trading
Bybit announced that KII is now live for on-chain trading on its Bybit Alpha platform. Users can access DeFi and on-chain activities directly with their Bybit Unified Trading Account (UTA), using USDT, USDC, SOL, or BBSOL to purchase tokens. Assets bought via Bybit Alpha cannot be withdrawn externally but can be sold back into supported currencies.
10:59
Investors are flocking back to U.S. stocks, and bullish sentiment has returned to Wall Street.
A strong earnings season and falling inflation have driven the market's rebound from July's chip stock slump.
10:57
Walmart is expected to report in-line Q2 results, with investor focus on H2 guidance and tariff refund reinvestment plans, according to Jefferies
Jefferies analysts anticipate Walmart's Q2 comparable sales growth of 3.6% and EPS of $0.74, broadly in line with consensus. The firm notes that management emphasizes a consistent strategy of price leadership, including plans to funnel potential tariff refunds into lower prices to widen price gaps and drive market share gains, particularly in consumables. Investors are also keen on understanding the implied second-half guidance and how management characterizes the company's earnings power beyond Q2.
10:57
Eton Pharmaceuticals (ETON) stock catapulted to a record high Friday after Q2 sales of $37.6 million, up 99%, smashed forecasts of $27.1 million and the company hiked its full-year guidance.
10:57
Adobe Analytics: In June, 41% of U.S. consumers used generative AI for online shopping, with AI-driven visitors showing a 41% higher revenue conversion rate.
Reuters reported on August 7 that Adobe Analytics data showed 41% of U.S. consumers used generative AI for online shopping in June. Visitors driven by AI services generated 41% more revenue per visit than traditional channels. Ulta Beauty (ULTA) stated that shoppers driven by Google Gemini and ChatGPT had approximately twice the conversion rate and purchase intent compared to other channels. OpenAI stopped its standalone instant checkout tool in March, shifting its focus to product discovery, with merchants handling the checkout process themselves. Etsy (ETSY) said shoppers can discover products through ChatGPT but usually return to Etsy to complete transactions.
10:54
Donald Trump's son-in-law Kushner to visit Israel, Egypt next week after Netanyahu rejected Gaza peace plan
Jared Kushner, former US President Donald Trump's son-in-law and aide, plans to visit Israel and Egypt next week to support a US-backed peace plan aimed at permanently ending Israel's war in Gaza. The visit comes as Israeli Prime Minister Netanyahu rejected a 15-point peace plan backed by Donald Trump, which included the gradual disarmament of Hamas and the transfer of weapons to a Palestinian third party, while Israel withdrew from Gaza. Hamas had previously agreed to an initial version of the deal and stated its continued commitment after Israel's rejection. Kushner will travel with Nikola Mladenov, Director-General of the "Peace Committee," and Tony Blair, a member of the Executive Committee, with the aim of hearing concerns from all parties and discussing next steps.
10:48
Savvy mutual funds bought over $248 million worth of royalty-fueled Ligand Pharmaceuticals (LGND) stock in their latest reporting period.
10:47
AlphaSimplex Group Chief Research Strategist Kaminski Says Bond Markets Have Been Hard to Trade From a Trend Perspective
10:47
Keefe Bruyette Lowers Hive Digital (HIVE) Price Target to $4.50, Maintains "Market Perform" Rating
Hours before Hive Digital Technologies (Nasdaq: HIVE) released its latest financial report, Wall Street investment bank Keefe Bruyette lowered its price target from $5.00 to $4.50, assigning a "Market Perform" (equivalent to Hold) rating. The bank expressed optimism regarding the demand for high-performance computing and AI data centers but cautioned about funding risks and AI tenant model risks. Previously, Hive Digital had delayed filing its 10-Q quarterly report with the U.S. Securities and Exchange Commission (SEC).
10:47
Target stock hit a new high as earnings approached, while Walmart stock remained stagnant.
10:46
U.S. refiners Marathon Petroleum (MPC), Phillips 66 (PSX) and Valero Energy (VLO) earned combined record profits of $12.6 billion in Q2, boosted by the Iran war.
10:46
S&P 500 and Russell 2000 indices hit all-time highs, Nasdaq index broke through recent resistance
The S&P 500 and small-cap Russell 2000 indices both reached new highs, while the Nasdaq index broke through recent resistance, all under the continued digestion of recent strong gains.
10:41
Musk stated that SpaceX expects to reach $1 trillion in revenue by 2030, one year ahead of its previous target.
SpaceX CEO Elon Musk stated during the Q2 earnings call that the company expects to achieve $1 trillion in revenue by 2030, one year ahead of its previously set target of 2031. Analysis indicates that SpaceX's Q2 revenue grew by 92% year-over-year to $7.8 billion, and its net loss narrowed to $541 million. However, to reach the $1 trillion revenue target by 2030, a compound annual growth rate of nearly 118% would be required. Comments suggest that despite strong revenue growth, SpaceX's valuation is high (P/S ratio of approximately 64) and it is not yet profitable. Investors should wait for a significant stock price correction before considering a purchase.
10:41
First Trust RBA American Industrial Renaissance® ETF (AIRR) Faces September Rebalance Challenge, May Shed Data Center Construction-Related Winners
The ETF has approximately $10 billion in assets under management, primarily investing in companies that provide electrical and mechanical services for data center construction in the US, making it a direct tool for betting on hyperscale data center capital expenditures. However, due to its small-cap/mid-cap investment mandate, the September index rebalance may lead to it divesting its best-performing holdings, such as Comfort Systems, which has reached a market capitalization of $61 billion.
10:39
Turkey's Ministry of National Defense disclosed details of the joint defense agreement between Turkey, Pakistan, and Saudi Arabia, stipulating that an armed attack on any member state will be considered an attack on all member states.
The protocol was signed about a week ago, and Turkey's Ministry of National Defense announced more details this Thursday, including plans for joint military exercises and deepening defense industry cooperation among the three countries. The agreement will also establish strategic political and military mechanisms involving the defense ministers, foreign ministers, and chiefs of general staff of the armed forces to coordinate at the highest level. This move comes amid increasing military tensions and conflicts in the Middle East. The agreement is open to new members, with Egypt seen as a potential candidate, and is not intended to replace any existing alliances.

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