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8/26
07:01
SpaceX announced on Tuesday, August 25, 2026, its plan to invest $100 billion in a new Starship campus spanning 125,000 acres in Vermilion Parish, Louisiana. Construction is expected to commence in 2027, with the first launch projected by 2029. The completed Starbase Louisiana is anticipated to feature five launch complexes, each with two launchpads, alongside facilities for fuel production, power generation, and vehicle processing. The project is expected to create 3,000 jobs in the region.
07:00
Microsoft co-founder Bill Gates, in a new essay on AI's impact, suggested creating "Human Reserved" roles, similar to nature reserves, to protect workers from automation. He argues that current tax rules incentivize replacing staff with machines, and taxing AI usage and robots could help fund retraining and social support for displaced workers. Gates estimates that under the most aggressive version of his proposal, up to 40% of jobs could be reserved for humans. According to Challenger, Gray and Christmas data, employers have cited AI in 184,538 job cut announcements since 2023.
07:00
Traders on the online prediction market Polymarket believe there’s a 97% chance NVIDIA will beat Wall Street’s adjusted earnings per share (EPS) expectations when it reports earnings after market close on Wednesday ET. The contract, which settles on whether adjusted EPS will be greater than $2.08, has been trading above 95% for most of the past two weeks. Analysts broadly expect NVIDIA to report around $92 billion in revenue for the quarter ending July 26, above management’s guidance of $91 billion, plus or minus 2%.
07:00
Chinese President Xi Jinping will attend the Shanghai Cooperation Organisation (SCO) summit in Bishkek as part of a state visit to Kyrgyzstan, before travelling to Egypt. According to Beijing’s Ministry of Foreign Affairs, Xi will discuss deepening cooperation and major international and regional issues at the SCO summit. In Egypt, he will meet President Abdel Fattah el-Sisi for talks aimed at safeguarding peace and stability in the region. This marks Xi's first visit to Egypt in 10 years.
07:00
Experts suggest the visit by a delegation of Japanese politicians this week aims to defrost one of the worst rifts with China in decades. The diplomatic spat began last November after Japan's Prime Minister Sanae Takaichi stated that a Chinese attack on Taiwan could be a "survival-threatening situation" for Japan, justifying the use of force. Beijing responded with anger, leading to tightened trade restrictions and travel warnings for its citizens against visiting Japan. China also restricted exports of dual-use goods and rare earth materials essential for high-tech products, causing supply disruptions for Japanese automakers like Nissan and Suzuki. According to a former Japanese diplomat, bilateral ties have sunk to their lowest since the 1972 normalization of relations, with communication channels between officials largely cut off.
07:00
Chinese AI company MiniMax announced on Wednesday that its first-half revenue increased by 283% year-on-year to $116.6 million, with enterprise business growing by 700% being the main driver. However, the company's revenue growth rate is still below analysts' full-year 2026 expectation of $363.77 million, with first-half revenue accounting for approximately 32% of the full-year forecast.
07:00
CATL's subsidiary, Contemporary Amperex Energy Service Technology Ltd. (CAES), and Kunming Development New Energy, a subsidiary of Kunming State-owned Assets Supervision and Administration Commission, signed a cooperation agreement on August 26 to jointly build 100 "chocolate" battery swap stations in Kunming. According to the agreement, Kunming Development New Energy will be responsible for asset investment and provide sites, vehicle replacement resources, and local coordination. CAES will provide battery swap standards, an operating system, and a digital platform. The two parties also plan to unify battery configurations, pricing, and services. CATL has significantly accelerated the deployment of its battery swap network this year. As of the end of June, its battery swap stations had increased to 2,000, covering 180 cities. It is reported that following Kunming, CAES will successively announce several "hundred-station" projects in single cities.
07:00
The Financial Services Agency (FSA), Finance Ministry, Bank of Japan (BOJ), and financial institutions are involved in the initiative.
07:00
Bitcoin's price fell to $79,000 on Wednesday, taking a breather after adding 23% in the past seven days. This comes as August ETF inflows have climbed above $3 billion, indicating sustained demand despite the recent price correction.
06:49
Wall Street is looking beyond Nvidia’s expected blockbuster Q2 earnings to a potential $200 billion in AI-related credit exposure by 2028. Investors are seeking clarity on Nvidia’s off-balance-sheet commitments tied to AI infrastructure financing, supply, and power. Despite these concerns, Q2 revenue is expected to nearly double to $92.2 billion, driven by booming data-center demand.
06:47
GAC Group Chairman Feng Xingya met with Huawei founder Ren Zhengfei in Shenzhen on August 24. The two discussed the development of the Qianjing brand, next-generation automotive products, and cooperation mechanisms. This meeting, their first in 14 months, comes as the Qianjing GT7 model has been delivered and the GX7 model is scheduled for launch in September.
06:47
BeiGene announced its results for the six months ended June 30, 2026, with total revenue increasing by 32.3% year-on-year. The global sales of its flagship product, BRUKINSA® (zanubrutinib), reached US$2.342 billion, a year-on-year increase of 34.5%, serving as the core performance engine. During the reporting period, the company had multiple new drugs approved by the FDA, reached a collaboration agreement with Revolution Medicines, and made an additional investment of US$300 million to expand its manufacturing and R&D center in the United States.
06:45
Hong Kong's High Court has rejected PwC International's application to be dismissed from lawsuits filed by the liquidators of China Evergrande Group. This ruling, issued on Wednesday, means PwC International and two other units of the accounting firm will jointly face what are described as the largest corporate lawsuit claims in Hong Kong.
06:43
JPMorgan Chase is easing its approach to loans secured against shares held by employees and early investors in recently listed companies, the Financial Times reported. The move aims to attract business linked to the substantial wealth being created by the AI boom. The bank previously told its bankers it would be willing to lend against shares in Elon Musk's rocket and AI company SpaceX earlier than its usual 135-day post-IPO waiting period, and may take a similar view for Anthropic. JPMorgan stated its policy had not changed, adding that its practices exceed regulatory requirements and transactions are assessed on a case-by-case basis.
06:43
Simon MacAdam, Deputy Chief Global Economist at Capital Economics, stated on Bloomberg that European Central Bank (ECB) Governing Council member Isabel Schnabel emphasized the need for further interest rate hikes given upside risks to inflation. MacAdam also discussed what he hoped to hear from Federal Reserve Chair Kevin Warsh at the Jackson Hole meeting.
06:42
According to Yahoo Finance, the S&P 500's top 10 largest companies now account for approximately 40% of the index, a concentration level not observed since 1965. This figure surpasses the 26% seen at the peak of the dot-com bubble in March 2000. Additionally, the S&P 500's Shiller Cyclically Adjusted Price-to-Earnings (CAPE) ratio currently stands at over 41, having consistently remained above 40 since May of this year. This marks only the second time in history the metric has stayed this high, with the first instance occurring from January 1999 until the dot-com bubble burst in March 2000. Analysts suggest that while history doesn't guarantee a repeat, these patterns indicate many stocks may be overvalued, especially with concerns building over an AI bubble.
06:42
OpenAI stated that its Jalapeño chip, developed in collaboration with Broadcom, can achieve up to 1.9 times the AI inference throughput of NVIDIA Blackwell architecture systems, reduce end-to-end latency by 1.7 to 3.6 times, and accelerate ultra-low latency interactive inference by 2.1 to 4.1 times. The chip is expected to begin deployment in late 2026 and achieve mass production in 2027. This announcement comes just before NVIDIA's Q2 earnings report. Although OpenAI's chip is not yet widely deployed and primarily targets inference rather than training, analysts have mixed views on its potential impact.
06:33
Personal finance expert Suze Orman recently revived her warning against target-date funds, which held nearly $4.9 trillion by the end of 2025, by posting an archival clip from her former CNBC program to YouTube. Orman argues that these funds, which automatically shift from stocks to bonds based on age, fail to account for economic conditions and can be risky if interest rates rise, potentially reducing bond values. She suggests investors might be better off taking control themselves and diversifying with assets like gold or private market investments to mitigate volatility.
06:32
Bluefin has partnered with Visa to introduce a new card-present payment acceptance offering that integrates Bluefin's PCI-validated point-to-point encryption (P2PE) solution with Visa Acceptance Solutions. The solution aims to provide a unified approach to secure in-person payment acceptance for merchants, software providers, and enterprise organizations, combining payment acceptance, security, tokenization, device lifecycle management, and enterprise payment infrastructure into one solution.
06:32
Bernstein analysts stated that Bitcoin is expected to reach $150,000 by mid-2027 and approximately $300,000 at the 2029 cycle peak, against a backdrop of a "currency debasement trade." The analysts believe that the 40-year era of declining interest rates has ended, and rising government debt will prompt policymakers to favor currency debasement, thereby increasing demand for scarce assets, including Bitcoin. Concurrently, Bernstein maintained its "outperform" rating for Strategy but lowered its price target from $450 to $350, citing its updated Bitcoin cycle outlook and accelerated equity dilution. Strategy currently holds 840,447 Bitcoin, accounting for approximately 4% of the total Bitcoin supply.
06:31
The Japanese Financial Services Agency, Ministry of Finance, Bank of Japan (BOJ), and major financial institutions are expected to form a study group this summer, aiming to develop a plan by early 2027. The system is expected to eliminate current settlement delays, reduce counterparty risk, and eventually support international remittances, marking a significant step in Japan's modernization within one of the world's largest financial markets. This infrastructure could be operational within the next few years, possibly as early as the early 2030s.
06:29
Bank of America says SpaceX’s wireless ambitions could benefit T-Mobile, tower companies and spectrum values. The bank views SpaceX’s satellite connectivity as complementary to existing mobile networks, rather than a replacement, potentially creating partnership opportunities with T-Mobile and tower operators. Building a competitive nationwide network would require massive investment, more spectrum and years of infrastructure deployment.
06:27
The offering, which lists 71 investors, relies on an exemption allowing certain private offerings without U.S. Securities and Exchange Commission (SEC) registration.
06:21
European Central Bank (ECB) Executive Board member Piero Cipollone stated that the ECB has begun accepting marketable assets issued via distributed ledger technology (DLT)-based services as eligible Eurosystem collateral since March. Speaking at a symposium, Cipollone highlighted the progress made through the ECB's Pontes and Appia projects, aiming to build an integrated and dynamic European ecosystem for digital assets with central bank money at its core. He noted that worldwide tokenised traditional assets on public blockchains increased roughly fivefold between March 2025 and March 2026, with a private platform in the United States processing an average of USD 354 billion in tokenised repo transactions daily in March 2026.
06:21
The White House is pursuing Cook's removal, arguing a misstatement on a mortgage document years ago constitutes adequate cause. Cook, appointed by former President Joe Biden, calls the effort a pretext to gain sway over interest rate policy and is expected to fight the dismissal. This comes as President Trump seeks to increase his influence over the central bank's policy committee, with other potential opportunities arising from the expiring terms of Fed Governor Jerome Powell and Vice Chair Philip Jefferson.

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