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24/7 News

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8/25
07:24
OpenAI stated that these accounts were used to support a covert online influence operation to spread disinformation. The company discovered the issue by investigating AI-generated social media posts and traced it back to a "broader influence operation." The operation revolved around a website containing plagiarized and misattributed academic works, a "sovereignty index" that portrayed Russia in a favorable light, and efforts to conceal the operators' Russian origin. Although OpenAI prohibits Russian access to its models, the operators disguised their location using VPNs. OpenAI noted that this incident "illustrates how influence actors can use AI as an auxiliary tool to create authority, obscure the source of preferred narratives, and build assets that can scale over time within a broader operation."
07:22
Pulong Fund Sales Co., Ltd., a Chinese third-party fund distribution agency, announced that due to business strategic adjustments, it will officially cease all public fund sales services after August 31, 2026. Since June 2026, more than 20 public fund companies, including Invesco Great Wall, Harvest Fund, China Asset Management, and Pramerica Fund, have successively issued announcements to terminate their fund sales business cooperation with Pulong Fund. Pulong Fund was once a medium-sized distribution agency in China, but its business scale has continued to shrink in recent years, with the number of insured employees decreasing from 592 in 2016 to 8 in 2024. Industry experts believe that the "consolidation" trend in the fund distribution industry is accelerating, driven by multiple factors such as the development of leading platforms, shrinking market share, fee reforms, and increased compliance thresholds. Since 2024, more than a dozen institutions have canceled their fund sales licenses.
07:22
XPeng Group announced that its humanoid robot subsidiary, Dogotix (IRON), has signed a Series A equity financing agreement with investors including IDG Capital, Gaorong Capital, Tencent, and Alibaba, raising over US$900 million. The post-money valuation exceeds US$6.3 billion, setting a new record for a single round of private financing in China's embodied AI industry. IRON plans to enter mass production by the end of 2026.
07:21
Deutsche Bank macro strategist Henry Allen discussed PCE data and market expectations ahead of the Jackson Hole Economic Policy Symposium on Bloomberg Television.
07:21
ShardLab, the fintech investment arm of investment firm Hashed, will establish a joint venture with StoreHub following this investment. The joint venture will focus on developing new consumer payment and reward experiences for merchants and customers in Southeast Asia. StoreHub is a Kuala Lumpur-based commerce and payment platform operating in Malaysia, the Philippines, Thailand, and Japan, processing over 200 million transactions annually with a total value of nearly $3.5 billion. Both parties stated that Southeast Asia is the priority market for this collaboration, with plans to test new models before scaling up.
07:21
Yahoo Finance analysis indicates that in an environment of "long-term high interest rates," the Schwab U.S. Dividend Equity ETF (SCHD) has significantly outperformed the Vanguard Real Estate ETF (VNQ). The analysis suggests that SCHD invests in high-quality dividend stocks, while VNQ primarily invests in Real Estate Investment Trusts (REITs), which are penalized in a high-interest-rate environment. Since August 2021, SCHD has delivered a 63% return, whereas VNQ has only risen by 13% over the same period. Year-to-date, SCHD and VNQ have seen gains of 30.5% and 14.2%, respectively.
07:20
Ark Invest, in its 2026 "Big Ideas" report, stated that Bitcoin's market capitalization is expected to reach $16 trillion by 2030, implying a price of $797,000 per Bitcoin, representing a potential gain of 920% from current levels. This forecast is primarily based on two major catalysts: institutional investment (global fund managers allocating 2.5% of their assets to Bitcoin) and Bitcoin capturing market share from gold as "digital gold."
07:17
The author of "Rich Dad Poor Dad" Robert Kiyosaki cautioned that the U.S. national debt is approaching $40 trillion, stating that cash savers will be "the biggest losers." He criticized the Treasury's increased long-dated government debt buyback operations as "printing more fake $", which he believes will weaken the U.S. Dollar Index and accelerate inflation. Kiyosaki recommends that educated investors focus on assets that appreciate in value, such as gold, silver, and income-producing real estate. He specifically highlighted silver as the best choice for August 2026, citing economist Jim Rickards' forecast of silver reaching $200/ounce and gold $10,000/ounce. JPMorgan Chase CEO Jamie Dimon has also suggested gold could "easily" rise to $10,000/ounce.
07:16
Equinor, Aker BP, and Vår Energi have agreed to form a strategic collaboration focused on exploration activities on the Norwegian Continental Shelf (NCS). The alliance plans to evaluate and drill approximately 20 to 25 exploration targets over the next four to five years, aiming to drill around five high-impact wells annually, with the ambition of discovering large new oil and gas fields to support long-term value in the region and energy supply to Europe.
07:16
Azura Financial has launched Azura Private, a new advisory platform targeting high-net-worth individuals (HNWIs), families, and corporate clients seeking complex finance solutions. The Stella Private team has joined Azura Financial, with Azura Private established as a new division. The platform will provide clients with access to tailored capital options through private banks, institutional lenders, and private credit providers. Azura Private will be led by Ben Braysich, former executive director and co-founder of Stella Private, who previously served as national head of property at Commonwealth Bank's private banking division.
07:16
Gulf Keystone Petroleum announced its H1 2026 results. Due to the regional security situation, the Shaikan field was shut down from February 28 to June 23 and again in July, causing average H1 production to drop to 14,600 barrels per day from 44,100 barrels per day in the same period last year. Despite the production loss, adjusted EBITDA increased by 26% year-on-year to $52 million, thanks to higher export prices and lower operating costs. The company's board of directors declared an interim dividend of $10 million, payable in September 2026. Following the restart in August, production has approached 40,000 barrels per day, and the company is seeking to recover approximately $80 million in outstanding receivables through additional crude oil extraction.
07:15
Specialty chemicals company LANXESS is pursuing additional cost reductions and portfolio adjustments, expecting €170 million in further savings through 2028 from its FORWARD! program. The company reported Q2 EBITDA pre of €152 million, up from €94 million in Q1, and maintained its full-year 2026 EBITDA pre guidance at €450 million to €550 million. LANXESS aims to reduce net debt below 2.5 times EBITDA and restore investment-grade status, partly by monetizing its Envalior stake.
07:15
According to a periodic transaction report filed with the House Clerk on August 21, Nancy Pelosi's husband, Paul Pelosi, added positions in AI energy company Bloom Energy to his family's investment portfolio through stocks and call options, with disclosed amounts ranging from $3 million to $12 million. The document also showed an increased holding of Intel in their family's AI investment portfolio. This investment in Bloom Energy replicates a similar strategy Paul Pelosi previously used to profit millions of dollars from investing in NVIDIA options.
07:14
The investment partnership was involved in a long-running dispute over levies on historical trading profits, which the shutdown now brings to a close.
07:11
UBS's "Turbu-lens" index, used to measure the fragility of the US stock market, recently rose to 1, reaching its highest reading for the first time since late 2024. UBS strategists stated directly that the market has clearly become more fragile. It is worth noting that the last time the index rose to 1 coincided with the period after the 2024 US presidential election and before the Federal Reserve's interest rate meeting, after which market volatility significantly increased. Currently, with the Federal Reserve's September interest rate meeting and the US midterm elections in November approaching, the options market's pricing for future S&P 500 index volatility has also heated up.
07:04
Located in Kern County, California, the project has an installed capacity of 150 MW of solar and 452 MWh of battery storage, and is expected to commence operations by the end of 2026. Previously, Avantus secured over $525 million in construction financing for the project last month.
07:02
The significant drop in open interest, coupled with subdued funding rates, suggests that the current rally in Bitcoin remains structurally healthy.
07:00
India's crude oil import bill has soared since the Iran war began, which choked Middle Eastern oil supply and raised benchmark crude prices. Freight rates from Ras Tanura (Saudi Arabia) to India via the Strait of Hormuz surged by 411% to $4.34 per barrel in August from $0.85 pre-war. War-risk insurance for a single Hormuz voyage also jumped from $250,000 to up to $10 million. India's crude import bill for the April-June quarter was 60% higher year-over-year, and the July import bill was 41% higher year-over-year.
06:50
West Texas Intermediate (WTI) crude oil futures for October delivery fell by approximately 3% to $82.44 per barrel on Tuesday, Eastern Time, while Brent crude oil futures for October delivery dropped slightly over 3% to $89.34 per barrel, both reaching a two-week low. WTI crude recorded its largest single-day decline in three weeks. Investors shifted their focus to negotiations between Iran and Pakistan aimed at ending the Middle East war, rather than U.S. Treasury Secretary Scott Bessent's "economic D-Day" remarks concerning Iran.
06:49
The Canadian bank's net income rose to C$2.95 billion (US$2.13 billion), or C$2.27 a share, from C$2.53 billion, or C$2, a year earlier. The strong performance was across its business lines, including record results from its global wealth management and global banking and markets operations.
06:48
The article suggests that Microsoft has built one of the strongest AI moats in the market, making it a buyable stock. Data shows that Microsoft's revenue for fiscal year 2026 is projected to be approximately $331 billion, an 18% increase; its latest quarterly revenue for Azure and other cloud services grew by about 40% year-over-year, with Azure growing by 43% in the fourth quarter, exceeding analyst expectations. Additionally, Microsoft 365 Copilot has surpassed 30 million paid users, and the company plans to invest approximately $175 billion in capital expenditures by 2026 for AI infrastructure such as data centers and GPUs. Analysts from JPMorgan Chase and others have set Microsoft's 2027 target price in the mid-$500 range.

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