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8/19
16:43
USDU is the UAE’s first central bank-registered US dollar stablecoin, and this integration aims to expand its distribution beyond institutional channels.
16:26
The proposed rules would classify the refundable portions of the adoption tax credit, child tax credit, American Opportunity tax credit, and earned income tax credit as "federal public benefits." This reclassification could disqualify hundreds of thousands, if not millions, of non-citizens with Social Security numbers and work authorization, including asylum applicants, Temporary Protected Status (TPS) holders, and DACA recipients, from receiving these tax refunds. Treasury Secretary Scott Bessent stated the move aims to "protect the integrity of the tax system, and put Americans first."
16:06
The average bond yield in G7 countries rose to its highest level since 2008 in mid-August, as investors demanded higher compensation. Reasons for investors to exit long-term sovereign debt include increasing fiscal deficits, stubborn inflation, and large debt issuances by technology companies to build AI infrastructure, intensifying the competition for investor attention with governments.
15:40
Donald Trump said on Wednesday at a White House event attended by major crypto industry players that passing the "Clarity Act" would keep the U.S. ahead in crypto innovation and unleash the next wave of innovation.
15:29
Painter stated that while automakers can almost price in any kind of risk if they have some stability, the "cagey, sort of back and forth" nature of trade uncertainty makes it very difficult, highlighting that all supply chain issues are long-term concerns.
15:18
Southeast Asian stock markets raised US$3 billion through initial public offerings (IPOs) in the first half of 2026, doubling the amount from the same period last year. Among them, Malaysia ranked first in Southeast Asia in terms of both funds raised and number of listings. Market reforms in Malaysia and Vietnam have facilitated larger listings, including those in the deep tech sector.
15:04
The new features are part of Google's ongoing effort to position Gemini as the preferred AI assistant for students, intensifying its competition with rivals like OpenAI and various education technology startups.
14:49
Multiple cybersecurity researchers have reported that they suddenly lost access to OpenAI's "Trusted Access for Cyber" (TAC) program. This program is designed to provide vetted users with less restricted AI models to help identify vulnerabilities and conduct security research. OpenAI has responded via email and forums, stating that this is a "technical issue affecting a small number of users" and has asked affected researchers to reapply and complete the verification process. All affected researchers reside outside the United States and Europe, suggesting that the revocation might be geographically limited. OpenAI launched Daybreak Blue, the latest tier of its TAC program, on August 10th, allowing access to cutting-edge general models including GPT-5.6 Sol, and offering tailored assurances for defensive security work.
14:38
MarketWatch reports that concerns among young Americans about AI's impact on jobs are soaring, as new college graduates face higher unemployment rates.
14:37
Iran's hardline-dominated parliament has approved the outline of a plan aimed at combating "foreign infiltration," with a focus on academia, media, and culture. Under this plan, citizens and entities will require authorization to contact foreign universities or be interviewed by foreign media. Unauthorized communication with media deemed hostile could lead to several months to years in prison, while spreading misinformation that harms Iran's security or public trust could result in up to 30 years in prison. The Iranian government has expressed "clear opposition" to this plan, arguing that it would severely restrict scientific work, hinder academic exchange, and potentially exacerbate brain drain. The bill still requires final parliamentary approval and ratification by the Guardian Council.
14:32
Canada's Secretary of State for International Development, Randeep Sarai, announced new humanitarian aid during his visit to Lebanon, raising the country's total assistance to Lebanon this year to over C$50 million. Sarai condemned what he called Israel's "unlawful invasion" of Lebanon and stated that Beirut should govern its own space. Israeli officials have indicated they will not withdraw from Lebanon until Hezbollah is disarmed.
14:21
Former US Ambassador to Poland Daniel Fried said Iranians have little incentive in the near term to allow the Strait of Hormuz to open. Fried, who also served as the assistant Secretary of State for Europe, added that a solution to the conflict will require patience.
14:05
The Federal Reserve's July 28-29 policy meeting minutes, released on Wednesday, indicated that several officials assessed that further policy tightening might be necessary if inflation did not decline. Some officials commented that current financial conditions might not be restrictive enough to bring inflation back down to the 2% target. Nevertheless, the Federal Open Market Committee (FOMC) ultimately voted 9-3 to maintain the federal funds rate target range at 3.5%-3.75%. The three regional Fed presidents who dissented (Beth Hammack of the Cleveland Fed, Lorie Logan of the Dallas Fed, and Neel Kashkari of the Minneapolis Fed) believed that a 25 basis point rate hike could help avoid the need for steeper, more costly tightening measures later on. The minutes also mentioned discussions about reducing the frequency of FOMC meetings from eight times a year to six, but no decision was made.
14:03
An analyst from The Motley Fool expressed confidence in Enterprise Products Partners (EPD) 5.8% dividend yield, highlighting the company's record $2.3 billion operational distributable cash flow in Q2, which covered its distribution 1.9 times. The company maintains a conservative leverage ratio of 3.0x, supporting its strong A-/A3 credit ratings. EPD has increased its dividend for 28 consecutive years, including a 2.8% rise over the past 12 months, and plans to invest $2.9 billion–$3.4 billion in expansion projects this year.
14:03
BofA analyst Tal Liani sees an opportunity in Cisco's stock despite a post-earnings dip, citing broad networking demand and growing AI revenue. Cisco reported record fiscal Q4 revenue of $17.3 billion (up 18% YoY) and adjusted earnings of $1.22 per share. Networking revenue jumped 28% to $9.8 billion, with total product orders up 35% and ex-hyperscaler orders up 25%. The company also booked $4 billion in AI infrastructure orders from hyperscalers in Q4, bringing full-year AI orders to $9.3 billion. BofA raised its fiscal 2027 adjusted earnings estimate to $5.08 from $4.77, and fiscal 2028 to $5.47 from $5.21, believing the demand cycle will outweigh concerns about gross margin pressure and valuation.
14:02
An analysis comparing the Vanguard Long-Term Treasury ETF (VGLT) and the iShares 20+ Year Treasury Bond ETF (TLT) noted that VGLT's expense ratio is significantly lower than TLT's (0.03% vs. 0.15%, respectively). VGLT primarily invests in U.S. Treasury bonds with maturities between 10 and 25 years, while TLT focuses on ultra-long-term Treasury bonds with maturities exceeding 20 years. Although their yields are similar (VGLT at 4.75% and TLT at 4.72%), the analysis suggests that VGLT might be a better choice for most investors due to its lower cost and smaller volatility.

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