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8/21
06:41
Nomura-backed Laser Digital gets crypto business approval in Japan, the first in four years. Laser Digital Japan will provide liquidity to domestic crypto providers and plans to launch institutional trading services as demand for crypto grows in Japan.
06:36
U.S. long-term government bond yields remained near multi-decade highs after a volatile week, despite efforts by the U.S. Treasury to stabilize the market. The 30-year government bond yield, which touched a near 20-year closing high of 5.311% on Monday, fell back to around 5.23% on Friday. This followed a brief market relief after the U.S. Treasury announced plans to double the size of long-term bond buybacks to at least $4 billion per operation. Investors remain concerned that U.S. debt has surpassed $40 trillion.
06:34
Ping An's board secretary, Richard Sheng, stated that allowing mainland insurance funds to invest in Hong Kong-listed ETFs is expected to strengthen the ties between Hong Kong and mainland capital markets.
06:34
Alibaba Group Holding is expected to further accelerate cloud growth, expand operating margins and achieve faster payback on artificial intelligence investments, as the Chinese tech giant reaches the halfway mark of its massive 380 billion yuan (US$56 billion) AI infrastructure spending plan. Nomura analysts specifically noted that Alibaba's cloud growth has not yet peaked.
06:25
Coldcard, a hardware wallet manufactured by Coinkite, has strengthened its seed generation process with a new firmware update. Coinkite urged Coldcard users to generate new seed phrases, warning that existing seed phrases may still have security vulnerabilities despite the upgrade.
06:19
Romania's President Nicușor Dan accused Russia of deploying the marine drone, which was destroyed on Thursday near the Neptun Deep gas project in the Black Sea. Once developed, Neptun Deep is expected to make Romania the largest natural gas producer in the European Union. The Romanian Defense Ministry, in coordination with the President, decided to destroy the drone to protect hundreds of personnel and safeguard critical infrastructure. A NATO spokesperson confirmed that Romanian F-16s were scrambled in response to a maritime drone detected in Romania's Exclusive Economic Zone, with one aircraft successfully engaging it. This incident follows previous reports of Russian drones breaching Romanian airspace, including one shot down in late July.
06:07
According to Bank of America Corp. strategist Michael Hartnett, if Treasury Secretary Scott Bessent cannot bring the 30-year yield below 5%, he foresees a dollar slump and increased short bets against leveraged assets such as AI hyperscalers and private credit, as well as financials, in the coming weeks leading up to the November midterm elections.
06:04
Venezuela's aging oil terminals are limiting its export recovery, with tankers waiting up to 30 days to load due to equipment failures, power outages, and crude-quality problems. Despite rising production and strong demand, exports have struggled to exceed 1.25 million barrels per day, threatening U.S.-backed plans to rapidly expand Venezuelan oil exports. Competition for limited port capacity is also increasing delays, costs, and disputes.
05:58
JPMorgan raised Moderna's (MRNA) price target to $77 from $40 and Okta's (OKTA) to $165 from $120. HSBC raised NVIDIA's (NVDA) price target to $360 from $325. Morgan Stanley raised Ferguson's (FERG) price target to $295 from $290. Several other institutions also adjusted price targets for various U.S. companies.
05:58
Morgan Stanley upgraded TX from Equalweight to Overweight, raising its price target to $65 from $55. JPMorgan upgraded TIC from Underweight to Neutral, with a price target increase to $11 from $9, but also downgraded LMB from Neutral to Underweight, cutting its price target to $50 from $60. Other institutions like Rothschild Redburn, KeyBanc, and Baird also made various rating adjustments and price target changes for several other companies.
05:56
The extension, announced in a statement on Friday, aims to give listing candidates, their sponsors, and advisers more time to complete their listings, thereby avoiding repeated refiling of applications.
05:54
Wolfe Research reports that S&P 500 earnings remain exceptionally strong. Of 465 companies reporting Q2 results, 69% beat revenue expectations. Additionally, 64% of firms issuing Q3 guidance exceeded consensus forecasts, marking the highest share since the COVID period. The firm expects adjusted earnings growth of roughly 27% in 2026, which it describes as one of the strongest fundamental outlooks in over 50 years.
05:33
The Wall Street Journal reports that European companies have recorded their best earnings season in years, leading investors to increasingly notice the region's overlooked market value. For example, European banks have seen total shareholder returns, including dividends, outperform the Magnificent Seven over the past four years.

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