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8/25
15:47
Former U.S. Rep. Kevin Brady Says Congress Must Act to Address $40T US Debt
15:43
Interpol-led "Operation Jackal IV" arrests 58 people across 22 countries for West African cyber-crime, seizing $2.67 million and blocking 257 bank accounts in South Africa alone
The global policing agency Interpol coordinated "Operation Jackal IV" between November 2025 and June 2026, targeting organised West African cyber-crime groups behind romance and investment scams, including those using cryptocurrency fraud. The operation identified 263 suspects in total. In South Africa, police made 39 arrests, seized $2.67 million, and blocked 257 bank accounts linked to these syndicates. Interpol stated the operation demonstrates the power of international cooperation in combating financial fraud and money laundering by these networks, such as the Nigerian Black Axe group.
15:41
South Korean Trade Giant POSCO Tokenizes Trade Receivables on Avalanche
The $22 billion trading company collaborated with Olea and Intain on the transaction. This follows an Injective pilot with LG CNS last month, marking POSCO's continued exploration of asset tokenization.
15:40
US-Canada Cosmetic Tariffs Threaten the $10 Beauty Impulse Buy
15:37
MarketWatch analysis points out that AI still struggles to outperform the market in stock picking.
The analysis suggests that despite the increasing complexity of AI models, outperforming the market remains challenging because traders are competing using equally advanced AI models.
15:33
Braskem Announces $11 Billion Debt Rework, Putting Spotlight on Petrobras
The Brazilian petrochemical company's announcement staved off an immediate crisis that would have pushed it into bankruptcy protection. However, parties remain far apart on key issues, including terms of shareholder support and how existing debt will be reworked.
15:21
ECB policymakers are ready to raise rates in September to stem side effects of the Iran war, but have little appetite to signal further tightening, sources say.
15:17
OpenAI Head of Data Centers Chris Malone Has Left Company, Sources Say
15:13
Elon Musk forwarded a post from cb_doge about SpaceX President and COO Gwynne Shotwell's keynote address at the official announcement of Starbase, Louisiana.
15:12
SpaceX pledges $100 billion investment in Louisiana space base
15:11
Iran's Foreign Minister says Iran's commitment to peace and stability is matched by steadfast diplomacy with its neighbors.
15:10
Musk elaborates on key elements of K2 civilization: including large-scale AI chips, humanoid robot production, and lunar mass drivers
Elon Musk retweeted a post outlining the key components of a K2 civilization (Kardashev Index Type II civilization), including launching massive amounts of material into orbit, large-scale solar cell production, AI chip production, millions of general-purpose humanoid robots, and mass drivers on the moon. He speculated that approximately 1 million Optimus robots plus 1GW of solar power would constitute the first Von Neumann probe, a system capable of self-replicating entirely from local materials on any sufficiently large planet or moon, which would enable civilization to expand throughout the galaxy and reach K3.
15:05
Stability AI, maker of image generator Stable Diffusion, raises $76 million in Series B funding, bringing total to $232 million
The company announced the round on Tuesday, with investors including Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts (EA), AMD Ventures, and Pacific Alliance Ventures. Stability AI plans to use the capital to continue building its creative production product suite and expand its professional services arm.
15:02
MarketWatch analysis suggests rising Treasury yields threaten to temporarily derail U.S. stock rally, despite strong earnings growth
U.S. stocks have reached record highs, buoyed by strong earnings growth over the past few quarters, with major U.S. companies on track for a second straight quarter of over 20% earnings growth in Q2. However, the analysis indicates that increasing Treasury yields could pose a temporary setback to this rally.
15:02
Binance hires two senior compliance executives from Crypto.com to bolster its ranks amid staff departures and ongoing regulatory scrutiny.
14:48
U.S. consumer confidence fell to a seven-month low of 89.4 points in August, the lowest since January this year, due to increasing pessimism about employment and economic prospects.
U.S. consumer confidence fell by 0.8 points to 89.4 in August, following a downward revision in the previous month, data from the Conference Board showed on Tuesday. Meanwhile, the University of Michigan's consumer sentiment index also declined in August for the first time in three months, highlighting the ongoing erosion of household sentiment due to inflation pressures, slowing hiring, and high oil prices.
14:44
US Treasury Secretary Scott Bessent says "K-shaped economy is over," low-income wage growth surpasses high-income for the first time
U.S. Treasury Secretary Scott Bessent stated earlier this month that the "K-shaped economy is over" and it's now more like a "C-shaped economy," with low-income workers catching up. Data from the Bank of America Institute shows that in July, the average annual growth in after-tax wages for low-income U.S. households was 5.2%, surpassing high-income households for the first time since December 2024, and debit and credit card spending also converged. However, FICO data indicates a slight increase in mortgage and auto loan delinquency rates for borrowers with low credit scores. Some economists believe that housing affordability and student loan repayment pressures remain widespread issues across all income levels in the U.S., suggesting the economic shape might be "E-shaped" or "X-shaped."
14:40
U.S. Representative Gabe Amo called new sanctions on Iran a "piecemeal strategy" that leaves the administration "grasping at straws."
14:40
Guggenheim Investments says its affiliate may buy a portion of its troubled loans
Guggenheim Investments, the asset management arm of Mark Walter’s Guggenheim Partners, is telling lenders that affiliates may buy some of the loans issued by its financing entity after the debt’s value tumbled in recent weeks.
14:32
Luxury carmaker Aston Martin is set to drop out of the FTSE 250 index, highlighting its faltering turnaround
14:28
Bybit launches 'Bybit City Edition 8' community event from Aug 25 to Sep 7, offering a 3,500 USDT Derivatives Bonus prize pool for active participants.
14:25
Matt Dalton, Fixed-Income Expert Who Led Belle Haven, Dies at 62
Matt Dalton, a fixed-income portfolio manager who in 2002 founded Belle Haven Investments out of a former broker-dealer firm, has died. He was 62.
14:25
MARA Holdings is up 8.63% today, now trading at $12.145.
14:22
Franklin Templeton's Sara Araghi Says Nvidia Needs to Provide Concrete Details on Capital Deployment and Spending Plans, Not Just an Earnings Beat
14:20
CryptoQuant: Bitcoin enters 'initial phase' of new bull market, but $83K remains key resistance
CryptoQuant noted that Bitcoin's recent 24% rally has flipped key market indicators bullish, though rising profit-taking could bring near-term turbulence.
14:15
Solana (Solana) Transaction Volume Hits All-Time High of 4.2 Billion, SOL Surges 40% Concurrently
Solana network activity accelerated, with its transaction volume reaching a record 4.2 billion, while the price of the SOL token surged by 40%.
14:12
Robinhood rose 7.99% during the day, now trading at $111.900.
14:06
Japan seeks funding for deep-sea rare earth mining to reduce reliance on China, with aid potentially reaching hundreds of billions of yen.
14:05
Snowflake will release its earnings report on September 2nd. Its stock price has risen 47% this year. The market is focusing on the driving effect of AI agents on its consumption-based revenue model.
Snowflake (NYSE:SNOW) is set to release its latest quarterly earnings report after market close on September 2nd ET. The company's stock price has risen 47.15% year-to-date, nearing its 52-week high, with market expectations generally anticipating that AI agents will drive increased data processing volume for its consumption-based revenue model. Analysts note that Snowflake has signed a five-year, $6 billion contract with AWS and expects the growth of AI workloads to support its 75% gross margin target. Given the current forward P/E ratio of 169x, the market has already priced in an earnings beat, so investors will be closely watching product revenue, large customer growth, net revenue retention rate, and management's full-year guidance.
14:05
Dawning Information Industry Co., Ltd.'s net profit increased by 33.31% year-on-year to 971 million yuan in the first half of the year, with a quarter-on-quarter jump of 226% in the second quarter.
Sugon disclosed its semi-annual report on August 25, 2026, achieving revenue of 7.466 billion yuan in the first half of the year, a year-on-year increase of 27.62%. Among this, the net profit for the second quarter alone was approximately 744 million yuan, an increase of about 226% quarter-on-quarter compared to 228 million yuan in the first quarter, mainly due to the concentrated delivery and revenue recognition of AI server orders. The company's profit growth was primarily driven by its recurring main business. Its associate, Hygon Information, saw a 49.67% year-on-year increase in net profit in the first half of the year, contributing 504 million yuan in investment income to Sugon under the equity method, becoming the core engine for the growth of its net profit attributable to the parent company.

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