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8/24
07:07
Proya's net profit surged by 46.26% to 1.168 billion yuan in the first half of the year, but its non-recurring net profit decreased by 13.80%.
The company's 2026 semi-annual report disclosed revenue of 5.375 billion yuan, a year-on-year increase of 0.24%. The divergence between net profit attributable to the parent company and non-recurring net profit was mainly due to large-scale non-recurring gains and losses, with the acquisition of a 12.55% stake in Huazhixiao for 351 million yuan in May, increasing its shareholding to 51%, being a significant factor. Main business profitability did not improve synchronously. The company plans to distribute a cash dividend of 11.80 yuan for every 10 shares.
07:07
Xiaomi released three Xuanjie self-developed chips, including the mobile SoC O3, AI accelerator O100, and intelligent driving D100. The O3 will be featured in the Xiaomi 18 Fold in September.
On August 24, Xiaomi released three self-developed Xuanjie chips: the Xuanjie O3 SoC for flagship smartphones, the Xuanjie O100 high-bandwidth AI acceleration chip for edge large model computing, and the Xuanjie D100 high-hashrate chip for intelligent driving. Among them, the Xuanjie O3 adopts a 3nm process, integrates 24 billion transistors, and will be first equipped in the Xiaomi 18 Fold in September this year. Both the Xuanjie O100 and Xuanjie D100 are planned for official commercial use in 2027. The O100 uses a 6nm process, and the D100 uses a 3nm process, with a single chip supporting up to 160GB of memory.
07:07
Paramount and Warner Bros. Discovery's (WBD) proposed $110 billion merger has been delayed until June 2027 due to an antitrust lawsuit filed by state attorneys general, which is expected to bring a chill to M&A in the media industry.
The transaction had previously received approval from global regulators, including the U.S. Department of Justice's antitrust division. Industry insiders point out that increasingly stringent scrutiny from state regulators and lengthy review processes could lead to a stagnation period for mergers and acquisitions in the media industry, potentially affecting other deals such as Fox Corporation's acquisition of Roku.
07:06
UPS announced it will invest over $2 billion in its international, healthcare, and supply chain businesses to enhance global logistics capabilities.
UPS exclusively disclosed the news to CNBC, stating that the investment, which began in 2024 and will continue until 2028, aims to help businesses operate faster and adapt to evolving macroeconomic pressures and global supply chain disruptions. Investment projects include a new hub in the Philippines this year, a new facility in Ontario, Canada next year, and a new air hub at Hong Kong International Airport in 2028. UPS has also launched a technology-driven logistics center in Taiwan and established a supply chain facility in Amsterdam that combines freight, brokerage, and cold chain solutions.
07:02
Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains.
Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains. This advice is echoed by the SEC and FINRA, which state that no investment strategy offers better returns or less risk than eliminating high-interest debt. Federal Reserve data shows the average credit card interest rate was 20.94% in May 2026, while the stock market typically grows around 10% annually. Americans collectively owed $1.263 trillion on credit cards as of Q2 2026.
07:02
T. Rowe Price to acquire fixed income fund manager F/m Investments, which manages $19bn in assets
T. Rowe Price Group has reached a deal to acquire F/m Investments, a fixed income manager and ETF specialist, for an undisclosed sum. As of July 31, 2026, F/m Investments oversaw $19 billion in assets. The acquisition is expected to increase T. Rowe Price's fixed income assets under management by nearly 9% and more than double its fixed income ETF assets under management. The transaction is anticipated to complete in early 2027.
07:01
Lumentum VP Vincent Retort Disposes of $10 Million in Stock, Primarily for Tax Obligations
Lumentum Holdings Inc. Vice President of Global Reliability and Quality Vincent Retort disposed of 12,566 shares of common stock on August 19 and August 20. The majority of the shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to the vesting of restricted stock units, while the remaining 2,483 shares were sold pursuant to a Rule 10b5-1 trading plan. The transactions were executed at a weighted average price of $851.01 per share. Following these transactions, Retort retains 102,000 shares of common stock, valued at $88.34 million as of the August 21 market close. The company's stock has recorded a 638% one-year total return as of August 21.
07:00
Gemini partners with Apex Fintech Solutions to expand regulated crypto prediction markets
Under the planned tie-up, Gemini Titan will become the exclusive CFTC-regulated venue for crypto event contracts offered through Apex’s futures commission merchant to its brokerage customers. Gemini will handle the execution and clearing of these contracts.
06:59
Bernstein maintains Outperform rating on Circle (CRCL) with $140 price target, implying 59% upside
Bernstein analysts believe Circle's growth cycle can continue even if the Clarity Act does not pass. They noted that USDC supply has rebounded by about $1.7 billion over the past week, and adjusted stablecoin transaction volume reached an annualized $17 trillion through July, up approximately 60% year-over-year.
06:57
Dollar Rises, U.S. Treasury Yields Fall
The DXY dollar index rose, and U.S. Treasury yields fell.
06:55
Sinopec expects refining demand pressure to ease in H2 despite Iran uncertainties
Sinopec executives anticipate that refining demand pressures will ease in the second half of 2026, and the company's earnings will continue to exceed expectations, despite ongoing uncertainties in the Middle East and disruptions from alternative energy sources. This follows a 19.3% increase in the company's first-half profit.
06:55
Germany widens MiCA lead as latest EU register update adds 6 banks
Germany has expanded its lead in EU MiCA authorizations, adding 6 banks to its register. The country now has 79 crypto asset service providers, placing it ahead of France and the Netherlands.
06:54
Bybit to Support Axelar (AXL) v1.5.3 Network Upgrade, Temporarily Suspending Deposits and Withdrawals From Aug 25, 10:00 AM UTC
06:52
UBS analysts expect NVIDIA's EPS to reach $15 and $20 in 2027 and 2028, respectively, even though its stock has fallen after earnings reports six times in the past eight quarters.
Ahead of NVIDIA's earnings report on Wednesday evening, UBS analyst Tim Arcuri projected the company's earnings per share (EPS) to exceed $15 in 2027 and reach $20 in 2028. However, according to Yahoo Finance AlphaSpace analysis, NVIDIA's stock price has fallen six times after earnings releases in the past eight quarters, including the most recent four times. HSBC analyst Frank Lee, on the other hand, believes that NVIDIA's next major re-rating will be driven by a new narrative of it being the "largest contributor to open-source AI," rather than earnings reports and product roadmaps.
06:52
AI scammers are scouring obituaries to target widows, with one losing $7,000 after being told her late husband evaded taxes
This tactic is part of a broader surge in AI-enabled fraud against older Americans. The FBI reported that individuals aged 60 and above lost $7.7 billion to internet or cyber-enabled crime in 2025, a 59% increase from 2024, with an average loss of $38,500 per elderly scam case.
06:51
Exclusive: India plans to issue its first tokenized corporate bonds in September, to be issued by state-owned REC, worth less than $57 million, and will be settled using central bank digital currency
The move aims to test the application of blockchain technology for instant settlement in bond trading, placing India alongside markets such as Europe and Hong Kong in adopting the technology. The bond will be open to specific investors for the pilot only and will have an initial lock-in period of three months, with exchanges expected to develop a secondary market for tokenized bonds by December.
06:51
DBS Bank and IBF Sign MOU to Uplift AI Skills and Talent Pool in Financial Sector
The collaboration covers AI-related skills training, job transition support, and nurturing future talent for Singapore's financial services sector. DBS plans to recruit over 500 local young people by 2026 to strengthen its talent pipeline.
06:51
Lumentum CFO Ali Wajid Sells 10,728 Shares of Company Stock for Tax Disposition Following Equity Award Vesting
According to SEC Form 4 filings, Lumentum Holdings Inc. Executive Vice President and Chief Financial Officer, Ali Wajid, sold 10,728 shares of the company's stock on August 19 and August 21. This transaction was non-discretionary and was executed to satisfy mandatory income tax and remittance obligations related to the vesting of equity awards, and does not reflect a change in the executive's view of the company's valuation or prospects. This sale represents 13% of his direct holdings.
06:48
Ozon, Russia's second-largest online retailer, saw its shares drop by 12% after its warehouse was hit by a Ukrainian drone attack.
Ozon stated that its logistics facilities in Krasnodar, Dagestan, Stavropol, and Adygea in southern Russia caught fire during an overnight attack, causing several injuries. The Ukrainian Ministry of Defense said that the systemic strikes on storage centers for dual-use goods are aimed at disrupting enemy logistics and negatively impacting the Russian economy. Previously, Ukraine had repeatedly attacked facilities belonging to Wildberries, Russia's largest online retailer. Russian President Putin had previously stated that Ukraine's strikes on economic targets were "opening Pandora's box," and that Russia would retaliate against Kyiv's "most sensitive economic sectors."
06:39
Bybit to support STABLE (STABLE) network upgrade on Aug 26, 2026; deposits and withdrawals to be temporarily suspended.
06:31
Ukraine Offensive Leads to Fuel Shortages in Russia, Causing Gasoline Prices to Soar in Central Asian Countries and Prompting Them to Seek Alternative Supplies
Ukrainian drone attacks have damaged Russian oil refineries (e.g., the Omsk refinery in Siberia was shut down in early July), leading to domestic fuel shortages and "fuel tourism" in Russia. Central Asian countries, highly dependent on Russian fuel, have been affected. Kazakhstan's gasoline prices have risen by 15.6% this year, and it has banned exports. Kyrgyzstan and Tajikistan face severe shortages, with Tajikistan signing an agreement with Iran for 2.5 million tons of oil, gasoline, and diesel. Uzbekistan has also begun building strategic reserves.
06:31
After the breakdown of US-Canada trade talks, the United States imposed a 50% tariff on Canadian goods, and Canada will retaliate in kind.
U.S. President Donald Trump announced a 50% tariff on approximately $20 billion worth of Canadian exports, which took effect last Saturday, covering Canadian wine, dairy products, cement, apparel, and hockey equipment, among others. This followed the breakdown of U.S.-Canada trade talks over the weekend. Canadian Prime Minister Mark Carney vowed to take reciprocal retaliatory measures, planning to impose tariffs on U.S. steel, dairy products, appliances, and electronics starting September 8. Businesses in both countries expressed concern about the escalating trade war and anticipate significant losses.
06:29
XPeng Motors' robotics division completes over $900 million in Series A funding, with a valuation exceeding $6.3 billion, setting a new record in China's embodied AI sector
XPeng Motors announced on Monday that its robotics unit has raised over $900 million in its Series A funding round, setting a new record for the largest single private financing in China's embodied AI sector. This round was led by IDG Capital, with strategic investors such as Tencent and Alibaba supporting it, valuing the robotics business at over $6.3 billion. XPeng plans to mass-produce its humanoid robot, Xpeng IRON, by the end of this year and begin commercial sales and deliveries in China and overseas markets in 2027.
06:29
Gossamer Bio secures up to $250m in funding to advance seralutinib for pulmonary hypertension, with $150m committed capital
The private placement includes an initial $25m closing, a subsequent $125m upon FDA acceptance of a new drug application (NDA) for seralutinib in pulmonary arterial hypertension (PAH), and warrants exercisable upon FDA approval that could raise an additional $100m. The company plans to submit the NDA by September 2026. The funding, involving investors like EcoR1 Capital and RA Capital Management, is expected to sustain operations until 2028 and support clinical development and potential commercialization of seralutinib, which is intended for the treatment of PAH and pulmonary hypertension associated with interstitial lung disease (PH-ILD).
06:29
LGT Group's H1 Profit Rises 17%, AUM Reaches All-Time High
LGT Group's profit for the first half of 2026 increased by 17% year-on-year to CHF 281.6 million (approximately USD 351.37 million), with assets under management reaching a record CHF 412.6 billion as of June 30. Net new assets during the period amounted to CHF 12.3 billion, representing an annualized growth rate of 6.4%.
06:24
Wall Street arbitrage trading performs strongly as investors bet on a weaker dollar.
This popular but often risky strategy is getting a boost as investors broadly anticipate a weaker dollar.
06:19
Iran threatens 46 ships in Strait of Hormuz transit crackdown
Iran said the vessels violated protocols for travelling across the waterway and could face fines or confiscation.
06:18
U.S. farmers can utilize Social Security tax benefits: After receiving Social Security benefits, USDA Conservation Reserve Program (CRP) rental payments can be exempt from self-employment tax.
According to the IRS, if a farmer is receiving Social Security retirement or disability benefits when they receive Conservation Reserve Program (CRP) rental payments from the USDA, these rental payments can be excluded from self-employment tax calculations. This tax benefit can save up to $5,650 annually, with potential five-figure savings over five years. However, claiming Social Security benefits early at age 62 instead of 67 reduces monthly benefits by 30%, so farmers need to weigh the tax savings against the reduction in benefits.
06:17
Bybit to Support TRON (TRX) v4.8.2 Network Upgrade, Temporarily Suspending Deposits and Withdrawals from Aug 25
Bybit will support the TRON (TRX) v4.8.2 network upgrade, which is expected to take place on Aug 25, 2026, at 03:00 AM UTC. To ensure a smooth transition, deposits and withdrawals via TRON (TRX) will be temporarily suspended starting from Aug 25, 2026, at 02:30 AM UTC. Other activities such as trading will not be affected.
06:14
The average variable interest rate for HELOCs in the US has fallen to 7.16%, a new low for 2026; the average interest rate for fixed-rate home equity loans is 7.35%, with a difference of 19 basis points between the two.
According to real estate data analytics firm Curinos, as of August 24, the average variable interest rate for U.S. home equity lines of credit (HELOCs) was 7.16%, a new low for 2026. During the same period, the national average interest rate for fixed-rate home equity loans was 7.35%, slightly above the 2026 low of 7.31% recorded in late June. Both rates are based on applicants with a credit score of at least 780 and a combined loan-to-value (CLTV) ratio below 70%.

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