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8/24
11:32
UN officials and experts state that Israeli settler attacks on Palestinians in the West Bank are accelerating and meet the definition of "massacres."
Al Jazeera reported that since October 7 last year, attacks by Israeli settlers on Palestinian communities in the West Bank have accelerated, becoming particularly frequent and violent in the past month. Experts, including Francesca Albanese, the UN Special Rapporteur on the occupied Palestinian territories, believe these attacks increasingly fit the definition of a "pogrom." The UN Office for the Coordination of Humanitarian Affairs (OCHA) recorded over 1,330 settler-related incidents in the West Bank between January and late July this year, averaging six incidents per day, the fastest rate recorded by the agency in 20 years.
11:31
US Considers 7.5% Tariffs on China's Overcapacity Ahead of Xi-Trump Talks
11:27
Wells Fargo economist Sarah House said that despite rising interest rates, the U.S. economy can maintain growth, and expects the Federal Reserve's Kevin Warsh to focus on long-term issues rather than interest rate movements at the Jackson Hole meeting.
Wells Fargo economist Sarah House says the U.S. economy can continue to grow despite rising interest rates. She expects Federal Reserve Chair Kevin Warsh will likely use the Jackson Hole meeting to focus on longer-term issues facing the Fed, rather than signal anything about the next interest rate move. House also discusses alternative economic data, the Fed’s balance sheet, government bond yields, and why the U.S. economy continues to show resilience.
11:25
AI startup General Intuition is in talks to raise funding at a $6 billion valuation, with investors including Valor Equity Partners and Point72 Ventures.
The New York-based startup, which is building a foundational model for training general AI agents to move through space and time, is currently in talks with new investors including Valor Equity Partners, Point72 Ventures, and Seven Seven Six. Existing investors Khosla Ventures and General Catalyst will also participate in this funding round. General Intuition plans to use the funds to focus on improving its general model and emphasize robotic embodied applications.
11:25
Bank of America finds AI creating a 'Credit-K' divide in leveraged finance
Bank of America's research note of August 20 reveals a stark gap: AI beneficiaries in leveraged loans saw 26.8% year-over-year revenue growth in Q2, compared to just 3.6% for firms vulnerable to AI disruption. This divergence, dubbed a "Credit-K," could ultimately impact consumers through hiring, wages, and company investment. BofA also noted that companies have sold over $335.7 billion in AI-linked U.S. dollar debt year-to-date.
11:24
Japan's trade ministry plans to launch a data-sharing platform in fiscal 2027 to use AI to accelerate materials development 10-fold
11:23
NVIDIA Introduces NVLink-Fusion Technology to Connect Custom XPUs with AI Infrastructure for Enhanced Performance and Faster Time to Market
NVIDIA stated that NVLink Fusion is designed to help hyperscalers and AI-native companies integrate their custom XPUs with NVIDIA's leading AI infrastructure, thereby improving performance, accelerating time-to-market, and reducing the risks associated with semi-custom AI factories. This technology leverages sixth-generation NVLink to provide high-speed, low-latency scaling networks, supporting 72 XPU domains, and includes NVLink-C2C for connecting XPUs with NVIDIA Vera CPUs or other ecosystem CPUs, offering 6 times higher energy efficiency than PCIe interfaces. Partners such as Intel, Quanta Computer, and MediaTek have all acknowledged the value of NVLink Fusion, believing it helps standardize infrastructure and enable flexible deployment.
11:23
U.S. strategic petroleum reserves crude oil inventories fell by about 3.7 million barrels last week to 289.7 million barrels, the lowest level since 1982.
11:23
UK provides Ukraine with secret blueprints to build its own long-range cruise missiles
The announcement was made during Prime Minister Andy Burnham's first visit to Kyiv, where he met Ukrainian President Volodymyr Zelensky. Correspondent Joe Inwood, however, suggests this offer may not be enough to win the war, given Ukraine faces almost daily barrages of Russian ballistic missiles.
11:20
Billionaire Leon Cooperman said investors are acting like "Pavlov's dogs" and revealed that his fund, Omega Advisors, added Amrize AG (AMRZ) and GPGI to its holdings in the second quarter.
Kopperman is negative on the market, citing rising fiscal deficits and debt. He quotes Warren Buffett, comparing investors to "Pavlov's dogs," believing they no longer react to events like interest rates and mistakenly think it's correct not to exit the stock market. Omega Advisors bought 880,000 shares of building materials company Amrize AG (NYSE: AMRZ) and 11.38 million shares of diversified industrial company GPGI (NYSE: GPGI) in the second quarter.
11:20
24/7 Wall St. analysts initiate Pfizer (PFE) with a Buy rating and a $32.36 price target, implying 15.27% upside over the next 12 months.
11:19
Descartes acquires AI-powered TMS provider Tai for $100 million in cash
The acquisition of California-based Tai, which offers a transportation management system (TMS) for freight brokers, was funded with cash on hand. Descartes stated the deal expands its transportation management capabilities and adds valuable transaction, carrier, and shipment execution data to its Global Logistics Network.
11:19
Fast fashion retailer Shein plans to list in Hong Kong, with a valuation only a quarter of its peak.
Fast-fashion retailer Shein plans to list in Hong Kong, with a valuation only a quarter of its peak. This follows multiple unsuccessful attempts by the company to go public.
11:17
Kraken Pro launches free "Price Predictor" game, allowing users to predict Bitcoin's 10-second price movement for a chance to win 1 BTC monthly
The game, available on the Kraken Pro mobile app, allows users to make one prediction per day on whether Bitcoin's price will be higher or lower after a 10-second window. Correct predictions earn Ink points instantly, and every play, regardless of accuracy, grants entries into a monthly draw for 1 Bitcoin. No purchase, deposit, or trade is necessary to participate.
11:17
NVIDIAGroq 3 LPX Enters Full Production, Expands Vera Rubin NVL72 System, Delivering 3,400 Tokens/Second for Agentic AI, 4x Faster Than Competitors
NVIDIAGroq 3 LPX has entered full production, and the Vera Rubin NVL72 system has been expanded, aiming to provide fast token generation for agentic AI systems. In the Gemma 4 31B benchmark, Groq 3 LPX achieved 3400 output tokens per second in 100,000-token long-context use cases, which is 4 times faster than the closest alternative platform. Nebius is the first AI cloud to adopt Groq 3 LPX, SpaceXAI will use NVIDIAVera CPU, and CoreWeave has also deployed Spectrum-X Multiplane.
11:17
NVIDIA Vera Rubin NVL72 System Achieves Up to 30x Per-Watt Throughput Increase on AI Agent Workloads, Reducing Cost Per Million Tokens by 35x
According to the NVIDIA official blog, compared to the GB300 NVL72, the Vera Rubin NVL72 system delivers 30 times higher throughput per megawatt and 35 times lower cost per million tokens when processing AI agent workloads. This performance improvement is crucial for power-constrained AI factories, meaning more agent work can be completed with the same energy consumption and significantly lower operating costs. NVIDIA measured these inference throughput figures using the SemiAnalysis AgentX workload, which includes real agentic coding sessions, preserving actual context growth, tool calls, and sub-agent generation.
11:16
Marijuana smoking among Americans hits record high of 17%, more than double 2013 levels, while cigarette smoking remains at record low of 11%, according to Gallup
11:13
Grant Thornton Australia completes transaction, joins Grant Thornton Advisors multinational platform, with its CEO concurrently appointed as Asia-Pacific CEO.
Grant Thornton Australia has completed a transaction to join the Grant Thornton Advisors international platform, with its CEO, Said Jahani, also taking on the role of CEO for the platform's Asia Pacific region. This integration connects the Australian business with nearly 20 associated firms globally and adds 6 offices and 1,500 staff to the platform's Asia Pacific operations.
11:12
MP Materials Q2 revenue rises 89% year-over-year to $108 million, adjusted EBITDA swings to $28.5 million profit
MP Materials (NYSE: MP) reported Q2 revenue of $108 million, an 89% increase year-over-year, with adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) swinging from a $12.5 million loss to a positive $28.5 million. The company also received $17.6 million in price-protection income from the Pentagon, as market prices for neodymium-praseodymium (NdPr) fell below the agreed floor. MP Materials has shifted its sales strategy, generating $95 million from NdPr oxide and metal revenue with zero revenue from concentrate sales, and its second magnet factory is on track for commissioning in 2028.
11:10
New Century Advisors Chief Economist Claudia Sahm Argues US Treasury Buybacks Are Not 'QE Lite' and Will Have Limited Market Impact
11:07
An analyst suggests betting big on Nvidia stock, believing its controversial financial plays could maintain its market leadership
11:07
Guardant Health stock tumbles after losing a patent dispute, ordered to pay over $245.2 million and 6% royalty on key product sales
Guardant Health (GH) stock tumbled Monday after losing a patent battle against privately held TwinStrand Biosciences and the University of Washington. A judge ordered Guardant to pay more than $245.2 million in damages, accrued royalty, and interest, and will also have to pay a 6% royalty on sales of key products, including its Guardant360 and Shield tests.
11:06
Goldman Sachs Partner Warns: Over-reliance on AI Could Lead to "Cognitive Atrophy" in Bankers' Reasoning Skills
Chris Churchman, head of Goldman Sachs' digital platform Marquee and co-chair of the global banking and markets AI working group, stated that if Wall Street outsources reasoning to AI models, a future generation of financial professionals risks losing the ability to reason from first principles, posing a "huge danger" to the industry. He emphasized that banks need to strike a balance between using AI and preserving Wall Street's apprenticeship culture.
11:05
NVIDIA says its Groq racks will go live this year after spending $20 billion to acquire Groq
NVIDIA Senior Director Dion Harris stated that Groq racks will be deployed alongside Vera CPUs and Rubin GPUs at new cloud provider Nebius, going live later this year. NVIDIA acquired the assets of chip startup Groq for $20 billion last December, marking its largest acquisition ever. Groq chips are manufactured by Samsung, while NVIDIA's GPUs are manufactured by TSMC. NVIDIA packages 256 individual Groq 3 chips into its LPX rack, claiming its Groq 3 LPX rack can deliver 3,400 tokens per second. Low-latency inference is increasingly important in AI, especially in coding, to ensure the responsiveness of AI agents.
11:04
OpenAI is expanding its AI agent strategy with ChatGPT Work, aiming to integrate AI into diverse professional workflows beyond software engineering
OpenAI's new product, ChatGPT Work, launched last month at $20 per month, is designed to connect large language models (LLMs) with the digital workflows of various white-collar professions, including accountants, investors, and doctors. The initiative seeks to enable AI agents to autonomously complete multi-step projects, a functionality previously more common among software engineers using tools like Codex. An internal study in June revealed that while 98% of OpenAI employees used Codex, only 17% of organizational subscribers and less than 1% of individual subscribers adopted the agentic coding tool, highlighting the company's challenge in broadening AI agent adoption beyond technical users.
11:03
SPACEXAI adopts NVIDIA Vera CPU to accelerate Agentic AI at massive scale
11:03
Semiconductor stocks slide ahead of NVIDIA earnings, with Intel down 5%, AMD 4%, and Taiwan Semiconductor 3%
Intel, AMD, and Taiwan Semiconductor shares fell 5%, 4%, and 3% respectively on Monday, as traders trimmed exposure to chip stocks two sessions before NVIDIA reports its second-quarter fiscal 2027 results on Wednesday. The iShares Semiconductor ETF (SOXX) was down 4%, indicating a sector-specific de-risking rather than a general tech pullback.
11:03
Nvidia stock is heading for a seventh consecutive loss on Monday, remaining under pressure ahead of its second-quarter earnings report this week.
11:02
Super Micro shares fell 7% after Taiwanese prosecutors indicted two of its employees and one NVIDIA employee, accusing them of illegally exporting 74 AI servers to China
Taiwanese prosecutors have indicted nine individuals, including two employees from Super Micro Computer (SMCI)'s Taiwan division and one employee from NVIDIA's Taiwan division, on charges of illegally exporting 74 AI servers to China through forged documents. The market interpreted this case as individual misconduct by employees rather than a company-level failure in export controls. Consequently, NVIDIA and Hewlett Packard Enterprise (HPE) stock prices remained stable, while Super Micro's stock fell by 7% and Dell's by 2%. Prosecutors emphasized that the indictments were solely against individuals, and Super Micro and NVIDIA themselves were not charged.
11:02
Louis Navellier advises investors to ignore data center moratorium fears, expects construction boom to continue through 2029-2030
Navellier stated that despite New York instituting a one-year moratorium on large data centers (consuming 50+ megawatts) to refine regulations, the overall data center boom remains strong. He noted that the number of data centers in the U.S. is still set to nearly double, with 3,969 new data centers planned and 802 currently under construction. Data center construction rose 7% in June to $68.3 billion, a 46% year-over-year increase. Navellier projects the order backlog for data centers will persist through 2029 to 2030.

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