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Asian stocks set to rise Friday on cooling US inflation
Asian stocks set to rise Friday on cooling US inflation
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The White House issued a memorandum directing the establishment of a fifth U.S. naval shipyard and the reorganization of Naval Sea Systems Command.
The White House today released a fact sheet providing more details on President Donald Trump’s National Security Presidential Memorandum, signed to rebuild the U.S. naval shipbuilding industrial base.
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Donald Trump endorses Mike LiPetri for New York's 3rd Congressional District, criticizing opponent Tom Suozzi
Trump announced his "Complete and Total Endorsement" for LiPetri, a former New York State Assemblyman. He attacked the incumbent, Tom Suozzi, as a "Radical Left Lunatic" who supports open borders, tra
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US President issues proclamation to adjust imports of unmanned aircraft systems (UAS) and components, citing national security threat
The proclamation follows a Commerce Secretary investigation which found that UAS and component imports threaten US national security. The Secretary recommended high ad valorem duties on UAS with a max
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The White House issued a memorandum, instructing the reconstruction of the U.S. Navy's shipbuilding industrial base, requiring the aircraft carrier CVN-81 to reinstate the steam catapult system, and introducing the "Finnish model" to attract foreign investment.
The U.S. President issued a memorandum aimed at addressing issues such as design complexity, cost overruns, delays, and lack of competitiveness in the U.S. Navy's shipbuilding industry. The memo instr
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AI power startup Fermi (FRMI) lands first customer and names new CEO, aiming to turn a corner after legal and C-suite turmoil.
The startup, co-founded by former Energy Secretary Rick Perry, went public last year and has spent recent months in a legal and shareholder tussle with its former CEO, while racing to sign a first cus
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Elon Musk reposted a tweet from cb_doge, who stated that X is the most transparent platform on the internet.
In the tweet, cb_doge highlighted that users can view if their accounts or posts are being suppressed, understand the exact reasons for any visibility limits, and download full reports.
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SEC Charges Toms River Trio with Allegedly Misappropriating $47 Million from Over 87 Investors in Affinity Fraud Targeting Orthodox Jewish Communities
SEC Charges Toms River Trio with Allegedly Misappropriating $47 Million from Over 87 Investors in Affinity Fraud Targeting Orthodox Jewish Communities
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US stocks rose, with the S&P 500 hitting a record high, as wholesale inflation data eased.
U.S. stocks rose, with the S&P 500 closing at a record high, after wholesale inflation data eased, alleviating concerns about interest rate hikes. The Dow Jones Industrial Average rose 69.72 points, o
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S&P 500 companies' Q2 blended net profit margin hits record 16.9%, highest since 2009, FactSet data shows
This is up from 14.8% in Q1 and 12.9% a year ago, well above the five-year average of 12.4%. Google (Alphabet) and Amazon are the biggest contributors to this record. Even excluding these two, the S&P
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Databricks raised $5 billion in a new funding round at a $190 billion valuation, exceeding its initial $1 billion target due to overwhelming investor interest.
The AI big-data company's CEO Ali Ghodsi told TechCrunch that investors showed $15 billion of interest, prompting the larger raise. The round was led by Coatue, with participation from Blackstone, MGX
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Apple CEO Tim Cook and U.S. Commerce Secretary Lutnick opened a new factory in Houston, which will produce Mac Mini and AI servers.
Apple CEO Tim Cook and U.S. Commerce Secretary Howard Lutnick jointly unveiled a new manufacturing facility in Houston, Texas, on Wednesday. The factory will be responsible for producing Mac Mini desk
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Japan's self-driving startup Tier IV plans to design open-source AI chips to reduce automakers' reliance on foreign technology.
Japan's self-driving startup Tier IV plans to design open-source AI chips to reduce automakers' reliance on foreign technology.
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Aberdeen economist says recent subdued US core inflation has eased pressure on the Fed, but it's too early to extrapolate September rate decision
Senior Research Economist Sree Kochugovindan from Aberdeen noted that despite inflation remaining elevated and outpacing wage growth, the recent US inflation report was a "nonevent." He emphasized tha
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BlackRock Strategist Chaudhuri: U.S. Government Sells 30-Year Bonds at Highest Rates in 25 Years, Sparking Speculation of a Shift to Short-Term Bonds
Gargi Chaudhuri, BlackRock's Head of Investment and Portfolio Strategy for the Americas, stated that the U.S. government sold 30-year bonds at the highest interest rate in 25 years, reflecting ongoing
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US sells 30-year debt at highest yield since 2001
Former House Financial Services Committee chairman Patrick McHenry called Thursday's bond sale a "wake up sign" for the country on government debt and deficit, urging action on overspending.
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Several U.S. asset managers are seeking regulatory approval to launch leveraged ETFs tied to Japanese memory chipmaker Kioxia Holdings.
Several U.S. asset managers are seeking regulatory approval to launch leveraged ETFs tied to Japanese memory chipmaker Kioxia Holdings.
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OpenAI introduces 'Ultrafast' mode for GPT 5.6 Sol, boosting speed by 14x to deliver up to 750 output tokens per second
The new mode, currently in preview and powered by a partnership with chipmaker Cerebras, aims to attract enterprise users by offering significantly faster processing. OpenAI suggests it can be deploye
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IBM partners with OpenAI to bolster enterprise AI push, plans to train tens of thousands of consultants on OpenAI's technologies
IBM announced its partnership with OpenAI to bring the AI company’s models and tools to more enterprise customers. Under the agreement, IBM will establish a dedicated OpenAI practice within IBM Consul
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Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
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Donald Trump says the U.S. Court of International Trade ruled that the president has the authority to abolish "de minimis" exemptions, which could recover $10.8 billion in tariff revenue annually.
Donald Trump posted on Truth Social that the U.S. Court of International Trade ruled today that the President has the authority to abolish the so-called "de minimis exemption." He pointed out that thi
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BlackRock Global Fixed Income CIO Rick Rieder said the yen's rebound hinges on hawkish signals from the Bank of Japan, rather than just government intervention.
BlackRock Global Fixed Income CIO Rick Rieder said the yen's rebound hinges on hawkish signals from the Bank of Japan, rather than just government intervention.
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US CFTC to hold meeting on Aug. 20 to explore crypto, AI, and prediction market regulations with SEC, without waiting for CLARITY bill
The US Commodity Futures Trading Commission (CFTC) will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and pred
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Anthropic research finds that AI agents initiate "turf wars" and mutual destruction in conflict tasks, exhibiting unexpected collusion and coordination, raising new concerns about the security risks of multi-agent systems.
Anthropic research finds that AI agents initiate "turf wars" and mutual destruction in conflict tasks, exhibiting unexpected collusion and coordination, raising new concerns about the security risks o
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Qatar rejects Iran's claims of holding three missing pilots, stating Iranian planes violated its sovereignty and were dealt with according to law
Qatar's Foreign Affairs spokesman Majed al-Ansari denied Iran's accusations as "completely baseless, false and illogical," reiterating that Qatar handed over the remains of one pilot in April. Iranian
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Goldman Sachs to Buy Real-Estate Investment Firm for Up to $410 Million
Goldman Sachs to Buy Real-Estate Investment Firm for Up to $410 Million
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NVIDIA Forges $500 Billion AI Investment Partnership with Apollo, Blackstone, BlackRock, and Other Institutions, Compared to a "Digital Infrastructure Bill" by Analysts
NVIDIA has established a $500 billion AI investment partnership with institutions such as Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR. Rashad Bilal, host of the financial show Ea
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Prediction markets show Anthropic is poised to surpass Elon Musk's SpaceX as the largest IPO in 2026.
According to Polymarket data, prediction markets show that AI company Anthropic is rapidly closing the gap with SpaceX, with the potential to become the largest initial public offering (IPO) of 2026 a
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SoftBank Group disclosed its U.S. equity portfolio as of June 30, 2026, with Intel stock representing nearly 67% of the total, valued at over $12.14 billion.
SoftBank Group disclosed its U.S. equity portfolio as of June 30, 2026, with Intel stock representing nearly 67% of the total, valued at over $12.14 billion. This position, totaling 86,956,522 shares,
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US July Housing Starts Fall 12.4% to 1.239 Million Units, Below Consensus of 1.350 Million
US July Housing Starts Fall 12.4% to 1.239 Million Units, Below Consensus of 1.350 Million
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The London Company Q2 Letter: Cisco (CSCO) Benefits from Increased AI Infrastructure Orders, Stock Up 69.11% Over Past 52 Weeks
Investment management firm The London Company noted in its Q2 2026 investor letter that Cisco Systems, Inc.'s stock price appreciation was driven by accelerating AI infrastructure demand and momentum
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Chip designer Velaura AI valued at over $1 billion after raising $110 million in Series A funding
The funding round was led by Seligman Ventures, with participation from Capricorn Investment Group, 三星 Catalyst Fund, StepStone Group, and Maverick Silicon. Velaura AI develops low-power chips and sof
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East Africa's Biggest Bourse Plans ETF Push to Tap Investor Demand
Nairobi Securities Exchange Chief Executive Officer Frank Mwiti stated that East Africa's biggest bourse plans to offer a variety of exchange-traded funds to meet demand from investors.
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U.S. diesel crack spreads have broken above $100 for the first time, reaching a record high of $102.2, while inventories have fallen to their lowest level since 1996.
The spread between NYMEX near-month US diesel futures and WTI crude oil futures hit a record high of $102.2 per barrel this Monday, marking new records in five of the past six trading days. Meanwhile,
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Xiaomi CFO says company 'in no rush' to monetize AI investments despite Q2 net profit decline
Chinese technology giant Xiaomi's Vice-President and CFO Alain Lam stated the company is "in no rush" to convert its large investments in artificial intelligence into profit, even after recording anot
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Visa Seeks New Stablecoin Settlement Partner as Mastercard Acquires BVNK, Requiring Multi-Regional Licensing and OUSD Settlement Capability
Visa is looking for a new stablecoin settlement partner to replace BVNK, which was acquired by Mastercard. According to documents seen by CoinDesk, Visa's Request for Proposal (RFP) emphasizes that th
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Upstart CEO Paul Gu outlines AI lending growth strategy, with personal loan originations increasing 23% quarter-over-quarter in Q2, aiming for profitability from home and auto lending businesses by year-end.
Upstart CEO Paul Gu outlines AI lending growth strategy, with personal loan originations increasing 23% quarter-over-quarter in Q2, aiming for profitability from home and auto lending businesses by ye
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Pitchbook Says Private-Credit Default Rates Could Be Downplaying Risk
Pitchbook Says Private-Credit Default Rates Could Be Downplaying Risk
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Google acquires bankrupt Spirit Airlines data for $10 million to train AI models
A Google spokesperson stated that the acquired data, which includes approximately 100 million emails and 500 million Microsoft Teams chat records, will be scrubbed of all personally identifiable infor
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Wall Street is factoring AI election backlash into stock market views as it becomes a sensitive issue
Wall Street is factoring AI election backlash into stock market views as it becomes a sensitive issue
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Realty Income (O) is highlighted as a standout income stock, boasting 673 consecutive monthly dividends and a yield above 5%
The real estate investment trust (REIT) has also raised its dividend for 115 consecutive quarters. Its current monthly dividend is $0.271 per share, or $3.252 annually, with the stock trading around $
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Analysis indicates that Verizon (VZ) has a dividend yield of approximately 6% and has grown its dividend for 20 consecutive years, but investors should focus on its growth prospects and high debt.
Analysis suggests that Verizon's dividend remains attractive to investors seeking high income. The company saw a 16% year-over-year increase in free cash flow in the first half of 2026, with a 24.4% i
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JPMorgan CEO Jamie Dimon warns UK Chancellor John Healey that tougher bank taxes could harm jobs and investment
Dimon reportedly told Healey that heavier taxation could push employment to other locations, citing a fall in finance jobs in New York partly linked to the city's tax burden. He indicated that a windf
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US Social Security Sets 2026 Earnings Limit at $24,480 for Under-FRA Recipients, Withholding $1 for Every $2 Above Threshold
US Social Security recipients who are under full retirement age (FRA) will face an earnings limit of $24,480 in 2026. For every $2 earned above this threshold, $1 in benefits will be withheld. For tho
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Klarna Reports Second-Quarter Profit for Second Straight Quarter, Diversifying Beyond Buy-Now-Pay-Later Roots
Klarna Reports Second-Quarter Profit for Second Straight Quarter, Diversifying Beyond Buy-Now-Pay-Later Roots
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Analyst Patrick Sanders believes Google is a better AI advertising stock than Meta over the next five years.
An analysis article published in Yahoo Finance points out that although Google and Meta Platforms have both heavily invested in AI technology in their advertising businesses, analyst Patrick Sanders i
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OpenAI limits teens to dedicated ChatGPT version, promising more safeguards
The AI start-up overhauled its chatbot for young people following high-profile lawsuits.
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Pimco’s Stracke Says Wealth Managers Are Shying Away From Private Credit
Pimco's Stracke says wealth managers are shying away from private credit and stepping up their search for alternatives, as wealth managers continue to be affected by several major direct lending funds
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