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8/17
19:30
Gold held a two-day gain as reduced expectations for an interest-rate hike by the Federal Reserve weighed on the US dollar, making bullion cheaper for most buyers.
19:28
The US holds a significant capital advantage in AI development, with private sector investment approximately 23 times higher than in mainland China, according to BMI, a unit of Fitch Solutions。However, China is prioritizing AI spending over other sectors like real estate, aiming for self-sufficiency rather than global leadership。Experts note that while China has made strides in advanced chips, it still lags behind Nvidia, and its ability to advance in AI is constrained by chip access, despite efforts to develop domestic alternatives like Huawei's Ascend series。
19:28
CNBC host Jim Cramer believes the artificial intelligence (AI) boom has fundamentally transformed the historically cyclical memory industry, making current rallies sustainable. He noted that memory manufacturers are now more disciplined in managing supply and securing long-term customer agreements, which support stronger profits. Cramer's Charitable Trust recently initiated a position in Micron, which he suggests could double again before the AI boom ends, assuming no data center slowdown.
18:51
Donald Trump stated that Begich has done an outstanding job representing the people of Alaska and supports "America First" policies, including job creation, tax cuts, strengthening the economy, eliminating government waste, securing the border, stopping immigrant crime, combating illegal drugs, strengthening the military and veterans' benefits, defending American energy dominance, and protecting the Second Amendment. He urged voters to cast their ballots for Begich on Election Day, Tuesday, August 18.
18:31
According to data released by the U.S. Treasury Department on Monday, the total amount of U.S. Treasury bonds held by foreign entities decreased by $72.1 billion month-on-month in June, falling to $9.3 trillion. Among these, Japan, the largest overseas holder, reduced its holdings by $26.4 billion to $1.12 trillion; China reduced its holdings by $25.9 billion to $633.4 billion. The market is concerned about the outlook for demand for U.S. Treasury bonds. Previously, in late July, U.S. Treasury Secretary Besant uncharacteristically participated in a coordinated intervention in the foreign exchange market, partly aimed at preventing Japan from massively selling U.S. Treasury bonds to support the yen. Paresh Upadhyaya, a strategist at Pioneer Investments, believes that after the U.S. intervention, the likelihood of Japan further reducing its holdings of U.S. Treasury bonds has significantly decreased.
18:20
Strong financial disclosures from leading AI model companies Anthropic and OpenAI have eased market concerns about AI capital expenditures, boosting confidence in the sustained demand for AI hardware. On Monday, Micron Technology's stock rose 4.1%, accumulating a 17.5% gain over five consecutive trading days; SanDisk's stock surged 8.9%, while Western Digital and Seagate Technology also increased by 5.4% and 2.2% respectively. The Philadelphia Semiconductor Index (SOX) closed up 1.6% at 12,621 points that day, rebounding over 20% from its July 29th bottom and re-entering a technical bull market. The preceding bear market lasted only 21 days, the shortest since March 2020. Anthropic's Q2 revenue exceeded $11.5 billion, a nearly 14-fold year-over-year increase; OpenAI's annualized revenue has reached $40 billion, validating the continuous expansion of AI demand.
18:13
Payward will use Anthropic's Claude Mythos 5 AI model to identify and fix software vulnerabilities, with plans to deploy it into the company's environment in the coming weeks. The project aims to help selected companies leverage cutting-edge AI models to protect critical software and infrastructure from cyber threats. Payward will also share vulnerabilities found in third-party open-source software with the relevant project maintainers. Previously, the U.S. government had made the Mythos 5 model available to U.S. organizations operating and defending critical infrastructure.
17:32
The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“
17:28
Relay, an AI-powered workflow automation tool, will cease operations next month. Its founder and CEO, Jacob Bank, will rejoin 谷歌 as VP of Product for 谷歌 Chrome, leading its product and developer relations teams. Bank stated he has "ambitious plans to help users work with AI in Chrome to get things done."
16:51
Peter Harrell, a former senior White House economic official for Biden, discussed how a war with Iran could lead to persistently high energy costs, which in turn would make the Donald Trump administration more hesitant to impose tariffs across the board.
16:39
Anthropic tells investors its annualized revenue run rate climbed to $65 billion in July, a sevenfold increase from a year earlier. The company also reported a preliminary revenue of $11.5 billion for the second quarter, a 14-fold jump from a year ago. This update comes as Anthropic prepares for a potential IPO, having confidentially filed its prospectus with the SEC in June. Rival OpenAI recently reported an annualized revenue run rate of $40 billion.
16:37
L3Harris Technologies stated that Kubasik's dismissal was due to "certain conduct inconsistent with company values," but unrelated to the company's financial reporting, controls, customer relationships, or operational performance. Kubasik was previously dismissed by Lockheed Martin in 2012 for an "intimate personal relationship" with a subordinate employee, at which time he was poised to become that company's CEO. The L3Harris board has appointed Sam Mehta as the new Chief Executive Officer and President.
16:18
Senator Bernie Sanders (I-Vermont) announced a new proposal on Monday to introduce the "Stop Social Security Garnishment Act" next month. The bill aims to protect federal student loan borrowers, particularly seniors, from having their Social Security retirement or disability checks withheld due to outstanding student loan debt. The proposal is backed by Democratic Senators Elizabeth Warren and Ed Markey, and comes as the Trump administration has paused involuntary collections for federal student loan defaulters.
16:11
OpenAI co-founder and president Greg Brockman said on Monday that the company's business growth momentum is strong, with annualized revenue increasing by 20% month-over-month in July, and enterprise customer growth reaching 32%. He also confirmed that OpenAI confidentially submitted its IPO prospectus to the U.S. Securities and Exchange Commission (SEC) in June. The company is currently valued at $852 billion, and its IPO is widely expected to be one of the largest tech stock listings in recent years.
16:05
IREN has delivered its first AI cloud deployment to Microsoft as part of a $9.7 billion contract. IREN, a company transitioning from a Bitcoin miner to an AI infrastructure provider, has delivered the first of four planned "Horizon" AI cloud deployments to Microsoft under a five-year, $9.7 billion contract. Horizon 1 is a 50 MW direct-to-chip liquid-cooled deployment, with the remaining three deployments expected to be delivered later this year. IREN aims to achieve 480 MW of AI cloud capacity by 2026 and 1.2 GW by 2027, continuing its transition away from Bitcoin mining operations.
15:59
Baird Strategas Chief ETF Strategist Todd Sohn stated that leveraged ETFs serve as a new method to gauge market sentiment. He also discussed the recent surge in thematic ETF filings and the risks associated with concentrated portfolios on Bloomberg's "ETF IQ" program.
15:17
As of August 17, US investment-grade bond issuance has surpassed the monthly record of $136 billion set in August 2020, marking the third consecutive month of new monthly records. Technology companies are the main drivers of financing, with Google issuing $25 billion in bonds in August, the largest single transaction of the month.
15:17
Previously, the U.S. Treasury completed an auction of $25 billion in 30-year bonds at a yield of 5.216%, the highest rate for a similar auction since 2001. Deep-seated market concerns about expanding fiscal deficits, long-term inflation risks, and the Federal Reserve's policy path have driven long-term yields consistently higher.
15:00
Binance is reportedly planning to re-enter the UK market by applying for a Financial Conduct Authority (FCA) license. Its UK arm has been barred from offering regulated activities in the country since June 2021, but the company will now seek licensing under the UK's new crypto regulations.

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