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8/29
09:21
Robert Kiyosaki says he holds $1.2 billion in debt, using it to acquire real estate assets and legally avoid taxes
The "Rich Dad, Poor Dad" author stated in a recent podcast that he is not concerned by the figure. According to his former wife, the debt is held by a group of real estate investors, including Kiyosaki and his partners, tied to roughly 1,500 apartment units, with his personal share being much smaller. Kiyosaki's philosophy involves strategically using borrowed money to acquire income-generating and appreciating assets, leveraging tax-deductible interest payments to reduce his tax burden.
09:20
Clearway Energy Group signed nearly 1.2 GW of renewable power deals worth over $2.4 billion with Google to support its data centers
The clean-power producer's parent company, Clearway Energy Group, signed three long-term power purchase agreements (PPAs) with Google in January to provide renewable energy for its data centers. The projects, representing over $2.4 billion in energy infrastructure investment, are expected to come online in 2027 and 2028. This significantly expands its existing partnership with Google. Additionally, Clearway recently signed over 600 MW of PPAs to extend existing wind farm contracts to 2041, including deals with two hyperscalers, with fixed pricing more than double prior rates, indicating increased value for its legacy assets in the AI era.
09:05
A CoinDesk article suggests that the actual utilization rate of tokenized assets may be significantly higher than existing data indicates.
The article analyzes that after excluding assets that have never been transferred, correcting for holders and their reasons, and accounting for off-chain operations, the utilization rate of tokenized assets is close to 20%. Research by Bernstein also points out that among approximately $51 billion in tokenized real-world assets on-chain, about 47% belong to private credit, which also has low liquidity in traditional finance and therefore should not be included in composability metrics. Additionally, some assets are underutilized due to design limitations or holder intentions, and some are used as collateral off-chain, thus not captured by DeFi tracking tools. The article emphasizes that the main reason for the low actual utilization rate is that the settlement speed of tokenized real-world assets is slower than that of on-chain native assets, leading to inefficient operations such as circular lending, but new protocols are addressing this issue.
08:34
AARP Warns Americans: Early 401(k) Withdrawals Could Cost 25% to 35%
The American Association of Retired Persons (AARP) and Fidelity Investments warn that early withdrawals from 401(k) retirement plans could incur ordinary income tax and a 10% penalty, leading to a total loss of 25% to 35%. Faced with rising living costs, an increasing number of Americans are considering early withdrawals from their retirement savings. A Vanguard report indicates that 6% of 401(k) participants made early withdrawals due to financial hardship in 2025, up from 5% in 2024.
08:33
Unity Software CFO Jarrod Yahes sold 26,017 shares for $1.2 million on August 25 to cover tax withholding requirements
Unity Software CFO Jarrod Yahes sold 26,017 shares for $1.2 million on August 25 to cover tax withholding requirements, according to a recent SEC Form 4 filing. Following the sale, Yahes retains direct ownership of 678,343 shares, valued at approximately $30.52 million based on the August 25 market close price of $44.99. The transaction was a non-discretionary sale executed to fund tax withholding requirements triggered by the vesting of equity awards, a common practice for executives.
08:33
Analysts believe that China's export restrictions on US rare earth companies USA Rare Earth and MP Materials in June could become a long-term positive catalyst for US rare earth stocks.
Despite China's June announcement of export restrictions on rare earth-related goods and technologies for USA Rare Earth (Nasdaq: USAR) and MP Materials (NYSE: MP), analyses suggest this move could accelerate the diversification of these companies' supply chains, thus serving as a long-term positive catalyst. Both companies had previously taken steps to reduce their reliance on Chinese goods and services, and the export restrictions are seen as a factor driving this transition.
08:32
Economists' consensus on the shape of the U.S. economy is crumbling, with Treasury Secretary Scott Bessent declaring the "K-shaped economy is over."
CNBC reported that economists widely believed the U.S. economy was experiencing a "K-shaped" recovery post-pandemic, meaning uneven expansion across different groups, but this consensus has now dissolved. U.S. Treasury Secretary Scott Bessent stated earlier this month that the "K-shaped economy is a thing of the past," replaced by a "C-shaped economy," implying that lower-income consumers are catching up, thanks to wage growth for lower-income individuals and significant tax cuts this year. Christopher Nassetta, CEO of Hilton Worldwide, also noted signs of a "C-shaped economy," with the middle class regaining vitality. However, Anthony Chan, former chief economist at JPMorgan Chase, believes that the conflict between the U.S. and Iran has led to soaring energy prices, which disproportionately affects lower-income consumers and will erode any gains made by this group, thus the "K-shaped economy" has not ended. A survey released by the University of Michigan on Friday showed that the consumer sentiment index fell by 11% year-on-year in August, with confidence among lower and middle-income respondents particularly hard hit.
08:29
Analyst Lyle Daly remains bullish on Tesla despite Q2 EPS miss and 21% year-to-date stock decline
Analyst Lyle Daly maintains his long-term bullish stance on Tesla, stating he has no plans to sell his shares, despite the company's stock being down 21% this year as of August 27. While Tesla's Q2 2026 adjusted earnings per share (EPS) of $0.33 fell short of expectations ($0.51), the company reported $28.2 billion in revenue, with automotive revenue at $20.5 billion and Supercharger network revenue up 50% year-over-year to $4.6 billion. Daly highlights Tesla's pivot into AI and robotics, including the Optimus humanoid robots and Robotaxi fleet, as potential high-margin growth catalysts. However, this expansion has led to increased capital expenditures, projected to exceed $25 billion for the full year, and a negative free cash flow of $1.1 billion in Q2 2026, with operating expenses rising 47% to $4.4 billion.
08:28
Qnity Electronics CEO: AI, Advanced Packaging, and Thermal Management to Drive Growth, Advanced Packaging Business Could Double
Qnity Electronics CEO Jon Kemp outlined the semiconductor-materials company's strategy at the Deutsche Bank Technology Conference. He stated that the advanced packaging business could double over the next several years, with thermal management demand growing even faster. The company is expanding clean-room and manufacturing capacity in Delaware and Taiwan, and targets approximately $100 million in EBITDA benefits from a transformation program.
08:18
US 30-year fixed mortgage rate rises 1 basis point to 6.55% today, 15-year fixed rate up 5 basis points to 5.91%
08:08
Iran's President stated that US sanctions and naval blockades have led to a 25%-35% decrease in trade volume, while the Supreme Leader called for reducing reliance on the US dollar.
Iranian President Masoud Pezeshkian said on Friday evening that under US sanctions and naval blockade, Iran's trade volume has decreased by 25% to 35%, with exports declining but imports falling more sharply. Meanwhile, Iran's Supreme Leader Mojtaba Khamenei also called on Friday for reducing reliance on the US dollar and emphasized the importance of economic self-sufficiency and a "resistance economy."
08:04
U.S. hiring slows again, with the labor market adding the fewest new jobs on record during an economic expansion.
The U.S. labor market, after an early-year surge in employment, is experiencing a summer slowdown in hiring. Fewer help-wanted ads and the current pace of job creation, which is the lowest on record during an economic expansion, suggest that finding a job will not get easier soon.
07:24
Russia Extends Diesel Export Ban Amid Intensified Ukrainian Attacks on Refineries
Russia further extended a ban on diesel exports for producers to keep the domestic market supplied, following intensified Ukrainian attacks on the nation’s refineries.
07:20
Swiss wealth managers urge delay in ownership registry after Liechtenstein data leak, citing cybersecurity concerns over a list of over 500,000 beneficial owners.
07:15
Intel CFO: 14A Process Defect Rate Decline Fastest Since 22nm, Customers Shifting from Evaluating Technical Data to Inquiring About Capacity Allocation
Intel CFO David Zinsner stated at Deutsche Bank's 2026 Technology Conference that the defect density of the company's 14A (1.4-nanometer class) process is decreasing faster than expected, marking its best performance since 22nm. He noted that Intel's internal design team has begun developing products on 14A, and the attitude of external foundry customers has undergone a qualitative change, shifting from evaluating technical data to inquiring about capacity allocation. 14A is scheduled for risk production in the second half of 2027 and high-volume manufacturing in 2028.
07:04
S&P 500 continues to climb even as most stocks struggle, driven by AI focus on mega-cap tech
The S&P 500's performance is increasingly influenced by a select group of mega-cap technology stocks, particularly those benefiting from the intense investor focus on artificial intelligence. This trend was evident on Thursday, when AI chip designer Nvidia's shares surged 8.7% following its second-quarter earnings, adding a record $441.5 billion to its market value, which reached $5.49 trillion. As Nvidia holds a significant weighting in the S&P 500, its rally propelled the index higher, despite the average stock underperforming.
07:00
Liverpool strike deal to sign PSG’s Barcola for up to $166m: Reports
Liverpool have reportedly finalized an agreement to sign 23-year-old French forward Bradley Barcola from Paris Saint-Germain for a deal worth up to 123 million pounds ($166m), including add-ons. The move is expected to bolster new manager Andoni Iraola's squad following the departure of Mohamed Salah.
06:03
Poland Sees Growth Slowing to 2% in 2030 on Fiscal Tightening
Poland expects its economic growth to slow to 2% by the end of the decade as the government will have to step up efforts to tackle the fiscal deficit.
05:47
Russian Strikes Near Kyiv Kill 27, Injure 42, Evacuate Hundreds
Overnight drone strikes by Russia targeted the Bucha district in the Kyiv region, killing 27 people, injuring 42 (including four children), and forcing the evacuation of 381. A 14-year-old was also killed in a separate attack in the Boryspil district. Ukraine's army reported shooting down 233 Russian unmanned aerial vehicles overnight into Saturday.
05:25
Elon Musk reposted a tweet stating that Starlink has been granted a 10-year license to deliver satellite connectivity across the UAE
The Telecommunications and Digital Government Regulatory Authority (TDRA) has issued the license, which permits Starlink to establish, operate, and manage a public satellite telecommunications network in the UAE. Services will cover individuals, businesses, government entities, and include satellite connectivity for the maritime and aviation sectors.
05:02
Chinese Regulators Demand Automakers Focus on Quality Over Technology, Launching Nationwide Auto Quality Inspection
Xin Guobin, Vice Minister of Industry and Information Technology, stated at a press conference in Beijing that regulators will intervene to standardize high-tech products used by car companies to drive sales. The nationwide quality inspection campaign for Chinese-made cars, announced this week, could lead some consumers to postpone their car purchases, according to dealers and analysts, thereby exacerbating the pessimistic outlook for China's automotive industry.
04:56
Barclays Research Report: For every $100 in revenue generated by AI model companies, $35-40 flows to cloud vendors, who then earn an operating profit of $10-20 from this. AI labs' paid inference profit margins have surged to over 50%-65%.
Barclays, in its August 28 research report on AI industry unit economics, noted that AI labs' paid inference profit margins have surged from low double-digits in 2025 to over 50%-65% in 2026, with adjusted gross margins improving by 30-50 percentage points year-over-year, primarily driven by enterprise clients and agentic workflows. Analyst Ross Sandler believes actual profit margins could be higher but expects them to gradually decline in the future. Barclays estimates that the total revenue for AI labs will grow from $7 billion in 2024 to $137 billion in 2026, reaching $690 billion by 2028. Concurrently, the proportion of cloud vendors' AI revenue to AI labs' revenue is projected to decrease from 153% in 2024 to 73% in 2028, with the three major cloud vendors potentially starting to lose market share in training and inference from 2028 onwards.
04:12
BIS chief says stablecoins lack credibility for payments at scale
Pablo Hernández de Cos, head of the Bank for International Settlements (BIS), stated that stablecoins lack credibility for large-scale payments. Meanwhile, a new study by the Financial Stability Institute (FSI) highlights significant differences in stablecoin issuer rules.
03:45
Aston Villa have signed Chelsea striker Nicolas Jackson for a club-record £65 million ($87 million).
This move is aimed at replacing Ollie Watkins, who is set to transfer to Saudi club Al-Hilal for £50 million ($68 million), with Watkins' transfer currently being finalized.
03:20
Turkey's Markets Regulator Tightens Rules for Hedge Funds, Limiting Related Party Exposure and Capping Concentrated Investments
03:20
Meituan's Q2 Financial Report Exceeds Expectations: Core Local Commerce Operating Profit Rises 52% YoY to RMB 5.67 Billion, New Business Losses Narrow to RMB 1.74 Billion
Meituan's Q2 Financial Report Exceeds Expectations: Core local commerce operating profit increased by 52% year-on-year to RMB 5.67 billion, and new business losses narrowed to RMB 1.74 billion. Meituan's total revenue in Q2 was RMB 104.64 billion, a year-on-year increase of 14.4%; adjusted net profit was RMB 2.52 billion, significantly exceeding market expectations of only RMB 340 million. The strong performance is mainly attributed to a temporary cooling of industry competition, normalization of food delivery subsidies, and rapid recovery of operational efficiency.
03:19
Huaxia Bank's H1 revenue increased by 12.71% to 51.308 billion yuan, but net profit fell by 18.35% to 9.365 billion yuan, due to a 58.49% surge in asset impairment provisions.
Huaxia Bank's 2026 interim report shows that its operating revenue for the first half of the year reached 51.308 billion yuan, a year-on-year increase of 12.71%. Net profit attributable to shareholders of the listed company was 9.365 billion yuan, a year-on-year decrease of 18.35%. The main factor contributing to the profit decline was the increase in credit and other asset impairment losses, which surged by 58.49% year-on-year to 23.599 billion yuan. During the reporting period, the bank's net interest margin bucked the trend, rising by 0.05 percentage points to 1.59%, primarily due to a decrease in the average cost of interest-bearing liabilities. Specifically, the average cost of deposits decreased by 34 basis points to 1.34%. In terms of asset quality, the non-performing loan ratio for retail personal loans increased by 0.74 percentage points from the end of last year to 2.85%, and the common equity tier 1 capital adequacy ratio decreased from 9.38% to 8.84%.
03:15
Elon Musk: Starlink now available in Equatorial Guinea
02:57
US spot Bitcoin ETFs end 9-day inflow streak with $201.8M net outflow Friday, total assets slip below $100B as BTC dips below $78K
02:13
TRUMP (OFFICIAL TRUMP) short-term plunged 10.01% within 1 hour, now trading at $2.725.

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