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24/7 News

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8/25
10:09
Arcus introduced transferable ERC-20 tokens for perpetual positions and allows tokenized stocks to back leveraged trades without requiring users to sell their holdings.
10:09
Apollo Global Management, IFM Investors and KKR & Co. have reportedly reached the final round of bidding for a majority stake in Associated British Ports, the UK’s biggest port operator.
10:06
Former President Donald Trump stated on Truth Social that the United States has, on average, lost $60 billion a year in trade with Canada over the past 10 years, adding "No more!"
10:05
According to Yahoo Finance, Wall Street analysts believe that Micron Technology (MU) and Broadcom (AVGO) still have significant upside potential as major beneficiaries of the artificial intelligence (AI) revolution. Analysts have an average price target of $1,515.11 for Micron Technology, implying a potential upside of approximately 66% from current levels; for Broadcom, the average price target is $526.30, projecting a nearly 46% increase within the next year.
10:05
Coca-Cola's asset-light model also contributes to its 34.9% operating margin, more than double PepsiCo's 14.4%. However, PepsiCo's 3.87% dividend yield continues to attract income investors.
10:03
U.S. July new single-family home sales annualized fell to 607,000 units, lower than the expected 620,000 units. Market supply sharply increased from 8.5 months in June to 9.6 months, and the number of homes for sale also rose from 479,000 units to 488,000 units, indicating weak demand and rising inventory.
10:02
Broadcom's AI semiconductor orders exceeded $30 billion in the second fiscal quarter, with AI semiconductor revenue growing 143% year-over-year to $10.8 billion. The company expects AI chip revenue to grow over 200% year-over-year to $16 billion in the third fiscal quarter. Micron Technology, on the other hand, secured approximately $100 billion in contracted memory revenue through a five-year "take-or-pay" agreement and received $22 billion in cash deposits and letters of credit. Micron Technology's third fiscal quarter revenue reached $41.5 billion, with a gross margin of 84.9%, and DRAM prices increased by approximately 60% quarter-over-quarter.
10:01
Two companies recently released their financial reports, showcasing different visions for AI computing. NVIDIA (NASDAQ: NVDA) reported Q1 FY2027 revenue of $81.61 billion, with data center revenue reaching $75.246 billion, a 92% year-over-year increase, and networking business growing by 199%. NVIDIA expects Q2 FY2027 revenue to be $91 billion, plus or minus 2%. Cerebras Systems (NASDAQ: CBRS), after its IPO, achieved core revenue of $209.87 million, a 103% year-over-year increase, but GAAP revenue was $180.11 million, slightly below market expectations by 6.95%. The company's backlog (remaining performance obligations) reached $25.4 billion, and it raised its core revenue guidance for FY2026 to $880 million to $890 million, with plans to triple revenue in 2027.
09:53
Crypto custody firm Copper has potential buyers, but offers are reportedly way below its $500 million asking price. The company was once valued at $2.5 billion and was marketed by investment bank Cantor Fitzgerald at around $500 million in May this year.
09:46
Donald Trump stated that Canada has been "ripping off" the U.S. for decades, alleging that they charge American farmers 400% or more in tariffs and have driven many U.S. companies out of business. He cited an instance where Canada allegedly refused to certify Gulfstream Jets for 10 years to protect a Canadian competitor, until he intervened. Trump described Canada as the "most difficult and unreasonable" country he deals with, asserting they feel entitled but will no longer be.
09:44
Yahoo Finance analysis points out that Cathie Wood's Ark Innovation ETF (ARKK) has risen by 9.6% over the past year, underperforming the S&P 500 index, which rose by 18.4% during the same period. The article analyzes that Tesla and SpaceX together account for nearly 15% of ARKK's investment portfolio, the healthcare sector accounts for 31.6%, and cryptocurrency-related stocks such as Coinbase Global and Robinhood Markets together account for 7.9%. The article states that the trends in these sectors will be key variables affecting ARKK's subsequent performance.
09:44
VNET Group (VNET) reported its second-quarter 2026 earnings, with total net revenues increasing by 14.2% year-over-year to RMB 2.78 billion. Adjusted EBITDA grew 25.4% year-over-year to RMB 918.3 million, primarily driven by its wholesale IDC business. The company secured 347 megawatts in new order wins during the quarter, with wholesale IDC contributing 345 megawatts. As of June 30, 2026, wholesale capacity in service surged 49.4% year-over-year to 1,007 megawatts, surpassing 1 gigawatt for the first time. VNET also signed a strategic cooperation agreement with CATL to jointly develop a 3-layer integrated compute energy ecosystem.
09:39
Jim Cramer stated on CNBC's Squawk on the Street that the market is shifting away from technology, particularly data center-related plays, towards enterprise software and pharmaceutical companies. He attributed this rotation to constrained AI infrastructure and spreading political opposition to data center construction. Cramer also noted that stock performance is increasingly driven by share buybacks rather than revenue growth, citing Salesforce's debt-funded repurchase of 11% of its outstanding shares. Companies like ServiceNow (NOW) and Salesforce (CRM) have seen surges of approximately 30% in the past month, while Moderna (MRNA) exploded 115% in one week on positive melanoma vaccine data.
09:39
The rise in Treasuries comes as a decline in crude oil prices has eased inflation concerns, reducing pressure on Treasury Secretary Scott Bessent. Bessent has been working to halt a months-long selloff that had pushed the longest-dated yields to their highest in almost two decades.
09:38
Pakistan has requested a $10 billion facility from the US, anticipating a response within a couple of months, as it aims to capitalize on improved ties with the Trump administration.
09:38
The fund tracks the CRSP US Large Cap Growth Index, but its portfolio has become top-heavy. As of June 5, 2026, NVIDIA accounted for 13.3% of the fund's assets, Apple for 12.3%, Google for 9.9%, and Microsoft for 9.1%. Analysis suggests that this makes the fund more like a portfolio dominated by semiconductor and platform companies, supplemented by investments in healthcare and payments, rather than a traditionally diversified index fund.
09:37
This integration allows users to connect their Kraken Pro accounts via OAuth, enabling direct spot trading within the TradingView interface without the need to generate API keys. Traders can place market, limit, and stop orders, and view account balances and position sizes directly on the chart. Support for more products will be added in the future.
09:37
The incident reveals that Hugging Face uses open-weight Chinese models to defend against rogue AI agents, yet these models themselves are potentially dangerous due to insufficient safety measures.
09:35
Keenable was co-founded by Andrey Styskin, who previously led search, AI, and cloud divisions at Russian search giant Yandex, and German AI scientist Matthias Petri. The company is building a massive web search index for AI agents, having already indexed over 100 billion documents. Its API is being used in training and runtime by several AI labs and inference providers. This funding round was led by Accel, with participation from Conviction Partners and several angel investors.

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