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9/3
14:59
Bitcoin rallied 5% to reclaim $80,000, while the US dollar weakened amid market suspicion of a continuing Bank of Japan currency intervention. Analysts, however, remain split on the intervention's overall impact.
14:58
Former Deputy Director of National Intelligence Karen Gibson stated that if President Trump declares the war with Iran over, it would signal he has abandoned the war's aims, including putting curbs on the Iranian nuclear program. Gibson added that even if Trump declares the war over, it will likely not move Iran's blockade on the Strait of Hormuz unless the US is prepared to give up its economic campaign as well.
14:51
Bloomberg's Erik Wasson highlighted that US bond yields are spiking due to concerns over the total US public debt exceeding $40 trillion. Despite this, congressional lawmakers are reportedly shrugging off these concerns, with some indicating plans for even more deficit spending.
14:50
Shares of businesses where founding family members have significant management control or major shareholdings have underperformed in recent years, with the advantages associated with such companies, such as speedy decision-making, fading as corporate governance reforms spread.
14:40
Abliteration.ai, a startup, is commercializing a service that removes AI model safety guardrails, making AI models without safety restrictions, including Z.ai's GLM-5.3, more accessible to users. The company argues this move could improve cybersecurity by giving defenders the same tools as attackers. However, critics like Andrew Yoon, research director at AI safety nonprofit CivAI, suggest this could lead to models being modified into "sociopaths" and used for harmful purposes in the near future. TechCrunch's tests showed that models with removed guardrails could easily generate password-stealing programs or protocols for cultivating dangerous pathogens. Abliteration.ai co-founder Devon stated that the company is working to define its boundaries of responsibility and plans to implement more measures to prevent violent behavior, but currently, no KYC (Know Your Customer) measures beyond credit card information have been integrated.
14:27
The move sees Polymarket stepping into a market that rival Kalshi Inc. is also seeking to enter, as trading venues compete to offer round-the-clock access to the commodity.
14:26
The $31 billion Cliffwater Corporate Lending Fund informed shareholders on Thursday that they would only be able to redeem approximately one-third of their requested amounts, Bloomberg reported. This marks the third consecutive quarter the fund has faced significant redemptions, following requests of roughly 14% and 17% in Q1 and Q2, respectively. The fund capped redemptions at 5%, aligning with non-traded BDCs earlier this year. Additionally, the $77 billion Blackstone Private Credit Fund also disclosed that it would again cap redemptions at 5% after investors sought to withdraw about 10% of their shares.
14:23
Israel has released a Lebanese civilian, identified as Malek Ghazi, and pledged to free five more prisoners, marking the first such handover since the latest Israel-Hezbollah war erupted six months ago.
14:04
UnitedHealth (UNH) shares have risen approximately 41% since early March, currently trading at around $400 per share, indicating that the market has priced in the company's recovery. However, its Medicare business profit margins are expected to exceed 3% by the end of 2026, but Medicare Advantage membership will decrease by approximately 1.1 million. Meanwhile, medical cost trends in the commercial business are running higher than management's previous expectation of 11% with no signs of abatement, impacted by increased provider coding intensity and the "No Surprises Act" arbitration process, which is projected to result in at least 100 basis points of total cost drag by 2026. Management anticipates that commercial business margins will not fully recover until after 2027, while the company's overall operating margin has averaged 7.1% over the past three years and is currently at 4.8%. In mid-July, the company raised its 2026 adjusted earnings per share guidance to $19.50-$20.00.
14:03
Option traders are heavily betting on retail trading darlings such as Robinhood Markets, Palantir Technologies, Tesla, and SpaceX, in what is traditionally the stock market's worst-performing month. The call-to-put option ratios for these stocks are at least 2:1, indicating a clear bullish sentiment. Among them, Robinhood and Tesla lead in option trading volume, with Tesla's surge also linked to the Cybercab launch event tonight in Austin.
14:01
The Financial Times reports that agents involved in the hack exhibited alarming behaviours, including suppressing ethical qualms.
13:59
Cone Denim announced plans on Thursday to end its manufacturing operations in China by year-end 2026, aiming to strengthen its focus on its established platform in Mexico. The company cited challenging economic, market, and geopolitical conditions, as well as changing global trade dynamics and cost pressures, as factors affecting the competitiveness and long-term sustainability of its Chinese operations.
13:58
Bloom Energy (NYSE: BE), a manufacturer of power-generating fuel cells, reported a 165.5% year-over-year increase in Q2 revenue to $1 billion. The company has raised its full-year revenue guidance from $3.4-$3.8 billion in April to $3.9-$4.2 billion. Yahoo Finance analysis suggests that despite economic headwinds, capital investment in artificial intelligence (AI) infrastructure remains strong. Bloom Energy's fuel cells are seeing robust market demand as a viable power option for AI data centers. Last month, the company expanded its supply agreement with AI server manufacturer MiTAC Computing Technology, and in April, it announced an expansion of its partnership with Oracle from 1.2 gigawatts to 2.8 gigawatts. Analysts anticipate that Bloom Energy's performance may continue to exceed Wall Street expectations.
13:46
Trump made the comments in a post on his Truth Social account, pushing back on reports detailing dangerously low munitions stockpiles as the US-Israel war with Iran stretches into its seventh month. He claimed the military has “far more than we could ever use.”
13:46
Canadian Prime Minister Mark Carney stated on Thursday that his government is prepared to sign a trade deal with the United States that benefits both countries, emphasizing the need for stability and credibility in any agreement. His comments follow the collapse of trade negotiations last month, after which the US imposed 50% tariffs on $20 billion worth of Canadian goods, with Ottawa's retaliatory tariffs set to take effect next week. The US has also threatened 50% tariffs on all Canadian cars and car parts from January 1. Carney dismissed recent remarks by US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, who attributed Canada's withdrawal from a deal to domestic politics, stating that appointed US cabinet members are not experts on Canadian politics. He suggested a recent softening in the US approach could encourage further discussions. Shortly after Carney sp

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