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Michael Allen, former US national security aide, says US's incoherent Iran message confused MidEast region
Michael Allen, managing director of Beacon Global Strategies and a former national security aide to President George W. Bush, stated that America's inability to maintain a coherent message on Iran has
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Kalshi CEO Tarek Mansour invoked Nasdaq, Uber, and Airbnb in his defense against a New York lawsuit
Mansour stated during a CNBC interview that the lawsuit could be 'copy and pasted' and filed against Nasdaq, implying the suit's broad applicability.
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Citadel Securities Says Bull Market Drivers Are ‘Firmly Intact’
Citadel Securities stated that the forces propelling US stocks to record highs this year remain “firmly intact,” following a reset in retail investors’ speculative trading.
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Micron's stock saw choppy trading, initially spooked by reports of Chinese DRAM maker CXMT's expansion plans, but later erased intraday losses.
Micron's stock saw choppy trading, initially spooked by reports of Chinese DRAM maker CXMT's expansion plans, but later erased intraday losses.
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Analysis: GE Vernova is a better small modular reactor (SMR) stock than NuScale Power, with GE Vernova's stock up 50% in 12 months while NuScale's plunged 80%.
The analysis highlights that while both companies are involved in the nascent SMR market, GE Vernova, a more diversified energy company, is considered a stronger investment. NuScale Power's stock has
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Nvidia (NVDA) is using its Vera CPU for its own next-generation chip design, achieving up to 1.5x faster verification and simulation, while rival AMD (AMD) is evaluating Synopsys' AI workflo
Nvidia's Vera CPU is being deployed in its electronic design automation workflows to produce its future CPUs and GPUs, with early tests showing significant performance improvements. Nvidia expects Ver
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Analysis indicates that three AI-themed ETFs, including Invesco AI and Next Gen Software ETF (IGPT), have outperformed the Nasdaq 100 index year-to-date in 2026. IGPT has risen by approximately 47%, CHAT by about 39%, and AIQ by roughly 15%, while the Nasdaq 100 index increased by approximately 11% during the same period.
The outperformance of these ETFs is primarily due to their structural exposure to foreign chip suppliers not included in the Nasdaq 100 index, such as Samsung, Hynix, and TSMC, as well as their invest
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SpaceX to Report Q2 Earnings Tomorrow, Aug. 4, With Wall Street Expecting $6.82 Billion Revenue and $0.23 Per Share Non-GAAP Loss
This will be SpaceX's first quarterly results report since its high-profile IPO on June 12. The company's shares are currently trading around $111, down over 50% from their peak of $225.64, with Wall
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CZ: Banks could go bankrupt, I still prefer crypto.
CZ stated that banks could go bankrupt, noting that's where the term comes from, and reiterated his preference for crypto.
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Tesla rival Rivian (RIVN) beats Q2 revenue estimates with $1.66 billion, narrows adjusted loss, but trims 2026 capital expenditure guidance to $1.7-$1.8 billion
Electric vehicle manufacturer Rivian reported Q2 revenue of $1.66 billion, exceeding estimates of $1.51 billion, and an adjusted loss of $0.47 per share, better than the expected $0.63 loss. The compa
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Venezuela's oil exports plunged in July as a pause in the Iran war cooled Indian demand, unlocking Middle Eastern barrels
Venezuela's oil exports plunged in July as a pause in the Iran war cooled Indian demand, unlocking Middle Eastern barrels
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Brazil's Oil Output Hit Record High in June Amid Iran War Fallout, Boosting Non-OPEC Supply
Brazil's oil production reached a record high in June, as rising supplies from producers outside the Middle East helped cushion disruptions from the fallout of the war in Iran.
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MakeMyTrip (MMYT) stock surged 9.3% after Q1 earnings beat forecasts and on hopes of Iran war de-escalation
The India-based travel company reported adjusted earnings per share of $0.53 for its fiscal Q1 2027 (ended June 30), exceeding Wall Street's forecast of $0.43. While sales of $285.5 million missed exp
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Leopold Aschenbrenner's AI hedge fund, Situational Awareness, saw its $45 billion assets plummet by 67% in July due to leverage as high as 4x, after the fund had surged 439% in the first half of the year; to avoid liquidation, the fund sold $10 billion in stock to Citadel on July 30.
Leopold Aschenbrenner's AI hedge fund, Situational Awareness, saw its $45 billion assets plummet by 67% in July due to leverage as high as 4x, after the fund had surged 439% in the first half of the y
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Global copper prices surge to near-record highs, fueled by US and China AI demand
The metal's price rise is attributed to a significant increase in demand from the U.S. and China for artificial intelligence infrastructure. This surge in demand has led to a drop in inventories outsi
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Intel's Q2 revenue increased by 25.4% year-on-year to $16.128 billion, marking its strongest growth in 15 years, while TSMC's revenue increased by 36% year-on-year to $40.2 billion.
Intel announced its Q2 2026 earnings, with revenue reaching $16.128 billion, a 25.4% year-over-year increase, marking its strongest revenue growth in 15 years. Non-GAAP EPS was $0.42, exceeding the ex
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NVIDIA's Q1 FY2027 data center sales accounted for 92% of total revenue; CEO Jensen Huang is optimistic about AI growth, expecting the semiconductor industry to expand 5 to 10 times.
NVIDIA reported total revenue of $81.6 billion for the first quarter of fiscal year 2027, which ended on April 26, 2026, with data center sales reaching $75.2 billion, accounting for a high 92% of the
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Standard Chartered Analyst Suki Cooper Explains Why Gold Could Reach $5,000
Cooper attributes the potential climb to sustained central-bank demand, geopolitical uncertainty, and portfolio diversification. She notes that recent price resilience suggests gold has established a
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DeItaone reports that Donald Trump is expected to attend a roundtable with mining executives at the State Department on Friday.
DeItaone reports that Donald Trump is expected to attend a roundtable with mining executives at the State Department on Friday.
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Al Jazeera analysis indicates that Israel and the European far-right are accused of attempting to exploit the Ceuta migration crisis to link migrants with antisemitism, in order to weaken pro-Palestinian solidarity.
According to an analysis by Al Jazeera, a narrative linking immigration with antisemitism is emerging following the migration crisis in the Spanish enclave of Ceuta, aiming to undermine pro-Palestinia
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Russian anti-war politician Boris Nadezhdin says he has fled the country after being labelled a "foreign agent" by Moscow.
Nadezhdin posted a video in front of the Eiffel Tower in Paris, stating that he is "alive and free," but is currently not in Russia. He was designated a "foreign agent" by the Russian Ministry of Just
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Apple launches legal challenge against UK government's demand to access encrypted cloud backups of British users
The iPhone maker has filed a complaint over the latest government demand, which seeks to connect to the cloud backups of British users.
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Ariel Investments' Small Cap Value Fund highlights Knowles Corporation (KN) in its Q2 2026 investor letter, citing strong earnings and strategic positioning
Ariel Investments' Small Cap Value Fund, which gained 17.19% gross in the second quarter of 2026, noted that Knowles Corporation (NYSE:KN) advanced following a strong earnings report that exceeded rev
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Oil prices fell as U.S. President Donald Trump called off an attack on Iran, saying talks would resume on Monday.
Oil prices fell as U.S. President Donald Trump called off an attack on Iran, saying talks would resume on Monday.
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Sfakianakis: Iran Misjudges US Willingness for Long War
Sfakianakis: Iran Misjudges US Willingness for Long War
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South Korean Lawmakers Propose Expanding FIU Powers to Investigate Unregistered Crypto Firms and Refer Them Directly to Law Enforcement
South Korean Lawmakers Propose Expanding FIU Powers to Investigate Unregistered Crypto Firms and Refer Them Directly to Law Enforcement
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Iran's oil supply to Chinese refineries is rapidly depleting due to U.S. sanctions.
Bloomberg reported that Iranian oil available to Chinese buyers is rapidly depleting, indicating that the U.S. blockade of Iranian ports has effectively cut off Tehran's revenue.
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Goldman Sachs: Hedge Funds Underperformed S&P 500 in July, Worst in Over 20 Years
Goldman Sachs strategists stated that hedge funds underperformed the S&P 500 in July, marking their worst single-month performance in over two decades, primarily due to the fading momentum of AI. The
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Indonesia seeks expanded joint military exercises with China
Indonesian Defense Minister Sjafrie Sjamsoeddin called for broader and more intensive joint military exercises with China during a bilateral meeting with his Chinese counterpart, Adm. Dong Jun, in Jak
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Bloomberg: Asia's emerging market small-cap AI companies led gains this month, as investors shifted from chip giants to data center-related small-caps, with some surging as much as 90%.
Bloomberg reported that the rally in emerging market technology stocks is spreading to new companies, as investors shift their focus from chip manufacturing giants to smaller firms powering data cente
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Ukraine seeks Elon Musk's help to use Starlink-equipped drones to strike Russian missile launchers up to 200km inside Russia
Ukraine seeks Elon Musk's help to use Starlink-equipped drones to strike Russian missile launchers up to 200km inside Russia
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Samsung Electronics' labor union plans to hold a rally in Seoul on Friday afternoon to protest the widening pay gap with its semiconductor division.
The union primarily represents employees in Samsung's consumer device business, with its members concentrated in the Device eXperience (DX) division. The rally takes place against a backdrop where an
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Economists warn Taiwan's AI-fueled 11.05% GDP growth forecast for 2026 is likely unsustainable, citing risks from capex slowdowns and semiconductor concentration
Taiwan's statistics agency recently projected an 11.05% GDP growth for 2026, an increase from its 9.64% forecast in May. However, economists from Maybank, Tiger Fund Management, BMI, EIU, and UOB sugg
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Australian bond futures positions near record high on hedging demand
Australian bond futures positions near record high on hedging demand
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South Korea to launch 'Future Fund' with AI boom's 'windfall revenue'
South Korea's budget ministry announced Friday that it will launch the "Future Fund" to promote long-term economic growth. The fund will be financed by what the government calls "windfall revenue" fro
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China's National Bureau of Statistics: The total output of early rice nationwide in 2026 was 28.292 million tons, a year-on-year decrease of 0.8%.
According to data released by the National Bureau of Statistics, the national per-unit area yield of early rice in 2026 was 5963.4 kg/hectare, a decrease of 48.5 kg/hectare or 0.8% compared to 2025; t
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AI helps Southeast Asia-based scammers cut costs, leading to wider spread of cross-border crimes
The use of artificial intelligence is facilitating the spread of fraud and other cross-border crimes in Southeast Asia. US-driven clampdowns are prompting these fraud groups to relocate from countries
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South Korea's KOSPI index opened down 1.35% on Friday, then narrowed its losses to 0.31%, closing at 6,831.53 points, dragged down by a renewed rise in US Treasury yields and higher oil prices.
U.S. government bond yields resumed their rise on Thursday, reversing some of the previous day's declines, after the U.S. Treasury announced an expansion of bond buybacks.
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South Korea's Exports Jumped 56% in Early August, Driven by Strong Chip Shipments
South Korea's exports surged 56% from a year earlier over the first 20 days of August, reaching $55.2 billion, customs data showed. This marks the highest level for the 20-day period for any August, w
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South Korea's producer prices in July fell 0.4% for the first time in 11 months, due to lower oil prices.
South Korea's central bank data shows that the Producer Price Index in July fell by 0.4% month-on-month, the first monthly decline since August 2025. This was mainly driven by falling global crude oil
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Donald Trump vows 'economic D-Day' on Iran, threatens 'massive' economic consequences for countries doing business with it
US Treasury Secretary Scott Bessent stated that the United States will take action against any country deemed to be providing a lifeline to Iran, and will announce the specific mechanisms for new econ
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Changpeng Zhao: Supports tokenization on all blockchains, believes it's the best way for nations to raise funds and attract foreign direct investment
He pointed out that although tokenization brings about the problem of "fragmented liquidity," it is the fastest way to drive industry growth and can be partially solved by improving interoperability b
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Japan's headline inflation hit 1.9% in July, highest this year, driven by energy prices due to the Iran war
Core inflation, which excludes fresh food but includes energy, rose 1.8%, in line with expectations. Wholesale inflation also surged to 7.2% in July, with electricity charges being the largest contrib
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Yemeni government forces and Houthi rebels escalated clashes, with government forces launching 81 attacks within 24 hours, and Houthi rebels claiming to have attacked targets inside Saudi Arabia.
A Yemeni government military spokesman stated that over the past 24 hours, government forces launched 81 attacks on Houthi positions, resulting in the "elimination" of several Houthi fighters and fiel
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Elon Musk retweeted a post stating that if humanoid robots possess high dexterity and intelligence, everyone will have access to healthcare services surpassing those available to the wealthiest people on Earth, and human happiness will be significantly enhanced.
Elon Musk retweeted a post from cb_doge, which quoted Musk himself stating that highly dexterous and intelligent humanoid robots will enable everyone to receive better medical care than even the wealt
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OpenAI is gaining on Anthropic with US business users in Q3, though Anthropic still leads in market share as of July, new data indicates
Data from corporate credit card and expense management company Ramp shows OpenAI is growing faster among US businesses in Q3 to date, after losing the lead to Anthropic in May. As of July, Anthropic h
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Foreign ownership of Japan stocks hit a new record for three consecutive years in fiscal 2025, exceeding one-third, driven by the AI boom and improved corporate governance.
Foreign ownership of Japan stocks hit a new record for three consecutive years in fiscal 2025, exceeding one-third, driven by the AI boom and improved corporate governance.
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The White House released the "National Space Transportation Policy," aiming to ensure continued U.S. leadership in space and planning to support over 1,000 launches and reentries annually by 2030.
The policy identifies space access as a critical national and economic security interest and directs U.S. executive departments and agencies to take actions including optimizing launch and reentry inf
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US total debt surpasses $40 trillion milestone, with Treasury Secretary Bessent stepping in as "chief bond trader."
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