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Progressive candidate Abdul El-Sayed wins Michigan Democratic primary for U.S. Senate, defeating opponent backed by pro-Israel lobby AIPAC
Abdul El-Sayed narrowly defeated incumbent Congresswoman Haley Stevens, who was backed by the pro-Israel lobby AIPAC and the Democratic establishment, in the Michigan State Senate Democratic primary.
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Coinbase CEO Brian Armstrong said that the US Senate crypto legislation has garnered broad bipartisan support, with compromises made by all parties, and it is now time for a vote rather than obstruction.
Coinbase CEO Brian Armstrong posted on X, stating that the U.S. Senate has engaged in extensive negotiations and revisions on crypto legislation over the past year. All parties, including the crypto i
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Japanese companies' sales of corporate bonds with investor protection clauses this year have already exceeded the full year of 2025, with particularly active sales of BBB-rated bonds.
Lower-rated borrowers are increasingly turning to bond markets, rather than solely relying on bank loans to meet their financing needs, driving this growth.
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St. Louis Fed President Musalem Calls for 'Meaningful Restraint' on Inflation
Federal Reserve Bank of St. Louis President Alberto Musalem stated that policymakers cannot afford to tolerate higher inflation while waiting for the possibility of stronger productivity growth. He ma
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Elon Musk's SpaceX announced its quarterly financial results for the first time, and China's treasury bond futures saw a trading volume of 3,755 contracts on their first day in Hong Kong.
Elon Musk's aerospace company, SpaceX, as a public entity, has released its quarterly financial report for the first time. Meanwhile, China's launch of treasury bond futures trading in Hong Kong has b
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US GAO finds Elon Musk's DOGE inflated federal savings claims, falling short of $2 trillion promise and overstating $110 billion in reported cuts
The Government Accountability Office (GAO) reported that Elon Musk's DOGE initiative, which aimed to slash federal spending by $2 trillion, significantly inflated its claimed savings. The nonpartisan
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CNBC's Jim Cramer highlights five investing themes reinforced by earnings season, including resilient consumers and AI infrastructure
Cramer identified these themes as offering the market's best buying opportunities. The themes include: a surprisingly resilient consumer, artificial intelligence infrastructure (focusing on semiconduc
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Fed’s FIMA Repo Facility Went Unused for 8th Straight Week, suggesting Japan didn’t use the tool in its latest effort to support the yen
Fed’s FIMA Repo Facility Went Unused for 8th Straight Week, suggesting Japan didn’t use the tool in its latest effort to support the yen
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Bloomberg: Crypto Bill’s Ethics Clause Could Allow Donald Trump to Defer Millions in Taxes
Donald Trump is reviewing the ethics provisions of a cryptocurrency legislation that could bring him personal tax benefits.
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Elon Musk forwarded a post from user BasilTheGreat, which claimed the Red Cross deleted a sympathetic cartoon video about an Afghan migrant after the migrant murdered a British woman.
The original post by BasilTheGreat alleged that the Red Cross created a video depicting the journey of an Afghan migrant named Sharif to Europe, and subsequently deleted it after Sharif reportedly mur
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OpenAI upgrades ChatGPT's default model to GPT-5.6 Luna, offering unlimited conversations for free users and enhanced features for paid versions.
OpenAI announced that this week, the default model for all ChatGPT users will be switched to GPT-5.6 Luna. This model reduces factual error rates by 62% compared to the previously default GPT-5.5 Inst
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White House issues executive order to combat 'birth tourism'
The order authorizes the Secretaries of State and Homeland Security to take actions including preventing entry, revoking visas, and permanently barring entry for foreign nationals attempting to enter
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U.S. diplomat Rubio announced sanctions against five Cuban companies and eight individuals, accusing them of assisting Cuba in acquiring military equipment from Russia and China.
The U.S. State Department stated that the sanctioned entities include Tecnoimport (responsible for importing military equipment), Union de Industria Militar (UIM) (manufacturing and repairing weapon s
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Top Japan Insurer Daiichi Life Group Urges Companies to Issue Bonds
Japan's Daiichi Life Group Inc. is directly contacting companies to explore their interest in issuing bonds, an unusual investment tactic for an insurer, as it seeks higher yields.
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Crypto PACs Invest Over $1.5M in Four US House and Senate Races
The Defend American Jobs and Protect Progress PACs reported spending more than $1.5 million on media for four House and Senate races ahead of Aug. 18 primary elections, following a previous primary lo
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White House Announcement: U.S. President to adjust imports of polysilicon and its derivatives, setting a minimum import price and imposing a 15% tariff.
The President of the United States announced, through a proclamation, adjustments to the import policy for polysilicon and its derivatives, in response to national security threats posed by foreign co
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BofA Report: For the First Time in the ChatGPT Era, "Tech Magnificent Seven" Earnings Reports Collectively Exceeded Implied Volatility, and US Stock Divergence Hit a Near 35-Year High
Bank of America's equity derivatives team reported that since the advent of ChatGPT, six of the "Tech Magnificent Seven" have released their latest earnings reports. For the first time, their actual p
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MarketWatch Comment: Claims of Social Security 'Running Out of Money' in 2032 Are Inaccurate
MarketWatch commented that even if the U.S. Congress takes no action, the Social Security system will still be able to pay out 78% of entitled benefits starting in 2032, making the popular notion of i
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OpenAI is accelerating the development of its first consumer-grade smart speaker, with plans for a 2027 release and a price point of $300-400. Apple has filed a lawsuit alleging trade secret infringement.
According to Bloomberg, OpenAI's first consumer hardware product, a "donut-shaped" smart speaker designed by Jony Ive, the father of the iPhone, is planned for official release in 2027, priced between
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Trump allies push to arm president with new tariff weapon to punish countries 'ripping off' America
Trump allies push to arm president with new tariff weapon to punish countries 'ripping off' America
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Trump says he doesn't think Iran can go much longer
Trump says he doesn't think Iran can go much longer
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Trump says "we want missiles too" in response to Zelenskyy's request for missiles
Trump says "we want missiles too" in response to Zelenskyy's request for missiles
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Trump says he is working on the Russia-Ukraine conflict and believes progress is being made.
Trump says he is working on the Russia-Ukraine conflict and believes progress is being made.
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U.S. Stocks Close Lower Amid Hormuz Deal Doubts
The Dow industrials led U.S. stocks to a lower close in a jittery session, as doubts emerged regarding a potential deal concerning the Strait of Hormuz.
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Meta AI releases Mac app with built-in system-level dictation and the ability to analyze screen content and answer questions via the Muse Spark model.
The app supports dictation across all applications and allows enterprise users to connect their Instagram, Facebook accounts, Meta ad campaigns, and Google Workspace accounts to gain ad performance in
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Ukraine says it recently attacked Russia's Taneco oil refinery and a small oil terminal.
Ukraine said it recently attacked a major oil refinery (Taneco refinery) and a small oil terminal inside Russia. This attack comes as Russia faces a second wave of gasoline shortages.
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Bloomberg: Venezuelan officials negotiated oil deals with U.S. oil executives in Texas this week, but the process was opaque and rules uncertain.
Bloomberg: Venezuelan officials negotiated oil deals with U.S. oil executives in Texas this week, but the process was opaque and rules uncertain.
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Al Jazeera commented that the Israeli government is using "Islamophobia" tactics to gain support from the Western right-wing, in order to salvage its international standing.
Commentators suggest that the Netanyahu government is appealing to the Western right, which is increasingly receptive to its message, by stoking anti-Muslim sentiment. The article cites a study commis
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Elon Musk retweeted that Starlink has filed a new application in India for direct device connection services. Its Gen 2 proposal covers nearly 30,000 satellites and aims to connect mobile phones directly to Starlink satellites.
Musk retweeted a post from cb_doge, which cited a report from The Economic Times stating that Starlink has filed a new application in India for direct-to-device connectivity services. This Gen 2 propo
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Evercore ISI's Guha stated that the U.S. Treasury's increased bond purchases would not affect the Federal Reserve's September interest rate decision, although it would complicate the work of Federal Reserve Chairman Kevin Warsh.
Evercore ISI's Guha stated that the U.S. Treasury's increased bond purchases would not affect the Federal Reserve's September interest rate decision, although it would complicate the work of Federal R
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KKR Data Center Head in Focus for NVIDIA AI Chip Financing Deal
Some prominent Wall Street CEOs recently appeared alongside NVIDIA CEO Jensen Huang to promote a deal aimed at funding AI chips, with KKR's head of data centers drawing particular attention for his in
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UBS Chief Strategist Baweja Says Strong US Earnings Growth Will Push Stocks Higher Before Margin Pressure Becomes a Risk in 2027
UBS Group AG's chief strategist Bhanu Baweja noted that while strong US earnings growth should push stocks even higher, the outlook becomes less certain in 2027, with a risk that margins will come und
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CNBC survey shows US workers are divided on whether junior employees should use AI at work
CNBC and SurveyMonkey's quarterly AI and Jobs survey found that approximately 42% of respondents believe junior employees should use AI with clear guidance and limitations, 35% believe its use should
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Samsung Electronics expected to approve $72bn shareholder return program at Aug. 21 board meeting
Samsung Electronics is expected to approve a $72 billion shareholder return program at its board meeting on Aug. 21.
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<p>The Financial Times analysis points out that Donald Trump is losing the rare earths independence war.</p>
The Financial Times analysis points out that Donald Trump is losing the rare earth independence war, and his administration's rare earth program aimed at countering China is being undermined by ineffi
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Exxon Warns Kazakhstan's Top Oil Field Output to Peak Within Years, Followed by Sharp Decline
ExxonMobil Holdings Corp. has told Kazakhstan that the nation’s top oil field is already on the cusp of peak output and that its production will slump sharply in the coming decade.
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OKX Europe CEO Erald Ghoos says U.S. crypto rules could blow new life into the market amid a rotation of capital from AI back to bitcoin.
OKX Europe CEO Erald Ghoos says U.S. crypto rules could blow new life into the market amid a rotation of capital from AI back to bitcoin.
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CZ retweeted a post, responding for the first time to the reason for his imprisonment in the US: to take responsibility and not evade extradition privileges.
CZ retweeted @web3annie's tweet, publicly responding for the first time to his reasons for choosing to voluntarily go to prison in the US. He stated that when something goes wrong, one must take respo
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Ping An of China's H1 profit rises 36% to 92.6 billion yuan, boosted by China's stock market rally
Ping An of China's H1 profit rises 36% to 92.6 billion yuan, boosted by China's stock market rally
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GSR's Andy Baehr says tokenized fixed income could be key for institutional collateral, sees potential in tokenized equities
Andy Baehr, Managing Director of Asset Management at crypto market maker GSR, highlighted that tokenizing short-term fixed-income products could serve as institutional collateral for futures or over-t
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Monetary Authority of Singapore's Daniel Wang: Life and health insurance claims reached S$5.79 billion in Q1 2026, while general insurance claims totaled S$1.8 billion.
Daniel Wang, Executive Director of the Insurance Department at the Monetary Authority of Singapore (MAS), stated at the Singapore College of Insurance's 2026 Graduation Ceremony that Singaporean life
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China Purchases Millions of Barrels of Saudi Crude in Rare Tender, Despite Overall Imports Remaining Muted
China has purchased millions of barrels of Saudi crude offered via a rare tender and under long-term contracts. However, the country's overall crude purchases from Saudi Arabia still remain well below
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US total debt surpasses $40 trillion milestone, with Treasury Secretary Bessent stepping in as "chief bond trader."
The U.S. Treasury Department reported yesterday that the total U.S. debt has surpassed the $40 trillion mark. Economists consider this threshold symbolic, but its sheer size already exceeds the annual
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Analysts: U.S. Treasury Secretary Bessent's plan to increase long-term debt buybacks is, at best, a "circuit breaker" for the global bond sell-off.
Analysts noted that US Treasury Secretary Besant's plan to increase long-term debt buybacks triggered a global bond rally, but given concerns about fiscal distress and persistent global inflation, the
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WSJ analysis suggests U.S. Treasury market's coveted safe-haven status is fading
The upward trend in bond yields this year, driven by persistent inflation and heavy AI-linked corporate borrowing, indicates that Treasurys are appearing less safe. Their yields are no longer as low r
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Former Iranian Central Bank Advisor Rejects Donald Trump's Claims of Economic Collapse, But Warns UAE Trade Cut Could Shrink Iran's Economy by 5% This Year
Former Iranian central bank advisor Mehrdad Sepahvand refuted US President Donald Trump's claims of an imminent collapse of the Iranian economy, but warned that the UAE's decision to cut trade ties wi
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U.S. Treasury yields edge higher, with 30-year yield up 3 bps to 5.2256%, as traders digest the Treasury Department's debt buyback plan
U.S. Treasury yields edge higher, with 30-year yield up 3 bps to 5.2256%, as traders digest the Treasury Department's debt buyback plan
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Human Rights Watch reports that Israeli settler violence puts dozens of Palestinian communities in the West Bank at risk of erasure, calling for sanctions and a suspension of military aid to Israel.
Human Rights Watch released a report stating that increased attacks by Israeli settlers, coupled with the rapid expansion of settlements, are driving the forced displacement of Palestinians. The repor
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