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Baidu (BIDU) shares fell as much as 11.6% on Tuesday after the company reported second-quarter revenue that declined 4% year-over-year to 31.3 billion yuan (approximately $4.62 billion) and diluted earnings per share that plunged 72% year-over-year to 5.74 yuan (approximately $0.85), both significantly missing analyst expectations.
Baidu's Q2 results fell short of analysts' expectations of RMB 31.95 billion in revenue and RMB 9.84 EPS, mainly due to its massive investments in artificial intelligence (AI) failing to yield quick r
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Applied Optoelectronics Expands U.S. Laser Capacity to Meet AI Data Center Demand, Targeting 650,000 Transceiver Units Monthly by Year-End
Applied Optoelectronics (NASDAQ:AAOI) is expanding its automated U.S. manufacturing capabilities to capitalize on growing demand for AI data centers and co-packaged optics, according to CFO and CSO St
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Bitcoin and Ethereum opened higher on Tuesday but fell back during the day due to ongoing Middle East conflict
On Tuesday, August 18, Eastern Time, Bitcoin opened at $64,487.65, up 2.7% from Monday's opening price; Ethereum opened at $1,911.89, up 2% from Monday's opening price. As of 9:19 AM Eastern Time, Bit
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Apple announced adjustments to App Store fees in the EU, effective October 1: The Core Technology Fee will be replaced by a 5% commission on digital transactions outside the App Store, in-app purchase commissions will be 26%, alternative payments will be 20%, and external purchase links will be 15%.
Apple announced adjustments to App Store fees in the EU, effective October 1: The Core Technology Fee will be replaced by a 5% commission on digital transactions outside the App Store, in-app purchase
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Jeff Currie: The market is focused on Brent crude oil at around $91/barrel, but the real energy crisis is European diesel prices reaching around $170/barrel.
Jeff Currie stated that the market is focused on Brent crude oil at around $91/barrel, but the real energy crisis is European diesel prices reaching approximately $170/barrel. He pointed out that crud
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Intel shares surged 330% over the past year, driven by 59% Data Center/AI growth in Q2 2026, with analysts setting a consensus target of $114.88.
Intel's significant rally, which also saw shares up 177.78% year-to-date, is fueled by a successful foundry ramp and strong AI segment performance. However, Wall Street's consensus target of $114.88 s
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U.S. human resources stocks have rebounded strongly, with ManpowerGroup and Robert Half up 94% and 120% respectively from their previous lows. Analysts believe that the proliferation of AI-generated resumes has, paradoxically, increased the value of screening services provided by recruitment companies.
The market previously worried that AI would disrupt the recruitment industry, but with ManpowerGroup and Robert Half's Q2 results exceeding expectations, and share prices of companies like ZipRecruite
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China strengthens border controls to prevent technology and data leaks, with new regulations set to take effect on September 15th. This move is reportedly driven by Meta's attempt to acquire Chinese AI startup Manus.
China strengthens border controls to prevent technology and data leaks, with new regulations set to take effect on September 15th. This move is reportedly driven by Meta's attempt to acquire Chinese A
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Raw Sugar Futures Advance to 14-Month High on Global Supply Concerns, as India Considers Cutting Import Duties
Raw Sugar Futures Advance to 14-Month High on Global Supply Concerns, as India Considers Cutting Import Duties
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US crude futures rise by more than $1 as hopes of US-Iran peace deal fade
US crude futures rise by more than $1 as hopes of US-Iran peace deal fade
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Value investing giant Seth Klarman's Baupost Group increased its stake in Genuine Parts (GPC) by 89% in the second quarter, valued at approximately $332.3 million.
Value investing giant Seth Klarman's Baupost Group increased its stake in Genuine Parts (GPC) by 89% in the second quarter, valued at approximately $332.3 million.
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Josh Gottheimer, a senior member of the House Intelligence Committee's cyber subcommittee, disclosed the purchase of three cybersecurity stocks.
A periodic transaction report filed by Representative Josh Gottheimer (D-NJ) on August 10 shows that he purchased shares of CrowdStrike (CRWD), Palo Alto Networks (PANW), and SailPoint (SAIL), with ea
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Iranian Clubs to Play Qatar and UAE Sides at Neutral Venues in Asian Champions League Elite Amid Regional Conflict
Iranian Clubs to Play Qatar and UAE Sides at Neutral Venues in Asian Champions League Elite Amid Regional Conflict
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Bank of Israel Governor Yaron said the outcome of the next policy meeting has not been predetermined.
Bank of Israel Governor Yaron stated that the outcome of the next policy meeting is not predetermined, implying that interest rates could be adjusted at that time. He noted that the Israeli economy ha
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Colombian Q2 GDP Growth Jumps to 3.5%, Exceeding Expectations
Colombia's economic growth of 3.5% in the second quarter surpassed forecasts, providing a strong start for President Abelardo de la Espriella as he begins his four-year term.
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Bloomberg strategist Simon White warns that the "ultra-low correlation" in US stocks faces a risk of severe shocks, and anomalous gamma fluctuations could become the "switch" for market volatility.
White pointed out that the current abnormal fluctuations in Gamma are weakening option traders' ability to suppress market volatility. Once Gamma rapidly turns negative, option traders' hedging behavi
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Pentagon considers reducing Persian Gulf troop presence
The U.S. Pentagon is considering reducing its troop presence in the Persian Gulf following the Iran war, as repeated Iranian strikes exposed vulnerabilities at major American bases. Options include sh
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The U.S. 10-year government bond yield rose to a near 19-month high on Tuesday, as the standoff between the U.S. and Iran over the Strait of Hormuz continued.
This move follows a jump in yields on Monday, and as Iran has threatened an offensive. Rising oil prices could exacerbate inflationary pressures at a time when the S&P 500 bull market faces challenges
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<p>Donald Trump-linked World Liberty says AI platform WorldClaw is independent, but refuses to disclose financial relationship</p>
World Liberty Financial (WLFI), a crypto company co-founded by the Donald Trump family, stated that the AI aggregation platform WorldClaw is an independent company, and WLFI does not own or operate Wo
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LinkedIn study finds Millennials and Gen Z are securing fast-growing, high-paying AI jobs, with median salaries for typical AI roles at $177,000
The research indicates that young workers are thriving in the AI job market, despite facing difficulties in the broader job market. Gen Z accounts for over two-thirds of hires for roles like forward d
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Bank of America Says NVIDIA Stock May Be Undervalued by 34%-50%, Maintains "Buy" Rating and $350 Price Target
Bank of America stated that NVIDIA's stock may be undervalued by 34% to 50%, as investors might have exaggerated AI-related risks. The bank believes that NVIDIA's aggressive investments in AI represen
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SPOT GOLD FALLS OVER 1% TO $4,362.79/OZ
SPOT GOLD FALLS OVER 1% TO $4,362.79/OZ
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Bank of America hikes price targets on cybersecurity stocks, citing worsening AI-based threat landscape
The bank raised its price targets for SentinelOne (S), SailPoint (SAIL) and Zscaler (ZS), believing that the rebound in cybersecurity stocks from previous worries about AI model builders becoming comp
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UAE Defense Ministry announced on X that its air defense systems detected a missile threat.
UAE Defense Ministry announced on X that its air defense systems detected a missile threat.
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David Hall, Managing Partner at Revolution, discusses investments in the defense sector, supporting Hermeus in developing hypersonic military jets.
David Hall, Managing Partner at Revolution, discusses investments in the defense sector, supporting Hermeus in developing hypersonic military jets.
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Donald Trump nominated Richard Bennett to serve as a United States District Judge for the Southern District of Texas
Donald Trump stated that Richard Bennett previously served as a county prosecutor, an Assistant U.S. Attorney, an Assistant Chief Counsel for ICE, and is currently a U.S. Magistrate Judge for the Sout
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Trump nominates Courtney Coker, a federal prosecutor for nearly 20 years, to serve as Judge on the U.S. District Court for the Northern District of Texas
Trump nominates Courtney Coker, a federal prosecutor for nearly 20 years, to serve as Judge on the U.S. District Court for the Northern District of Texas
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Elon Musk转发Eva Fox推文称，SpaceX回收团队成功引导星舰靠近圣诞岛，工程师将进行分析并尝试运回星际基地，这是星舰可重复使用性的重要一步。
Elon Musk转发Eva Fox推文称，SpaceX回收团队成功引导星舰靠近圣诞岛，工程师将进行分析并尝试运回星际基地，这是星舰可重复使用性的重要一步。
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Ukraine’s ousted defence minister Mykhailo Fedorov calls for wartime election, posing a major challenge to President Volodymyr Zelenskyy
Ukraine’s ousted defence minister Mykhailo Fedorov calls for wartime election, posing a major challenge to President Volodymyr Zelenskyy
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The Wall Street Journal commented that global bond market interest rates have risen back to pre-2008 financial crisis levels, with the 30-year U.S. Treasury yield hitting 5.339%, a new high since 2007, but argued that this should not cause financial panic.
Commentary noted that the 30-year U.S. government bond yield touched 5.339% on Tuesday, the highest since 2007; the 10-year U.S. government bond yield was about 4.7%, close to its highest level since
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Donald Trump Nominates Kyle Reardon to Serve as District Judge for the District of Alaska
Donald Trump announced his nomination of Kyle Reardon to serve as a United States District Judge for the District of Alaska. Reardon currently serves as a Magistrate Judge for the federal court in Ala
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Solana Policy Institute CEO Miller Whitehouse-Levine states the Clarity Act is in 'August recess purgatory' and gives it 10% odds of passing before the midterms.
Solana Policy Institute CEO Miller Whitehouse-Levine states the Clarity Act is in 'August recess purgatory' and gives it 10% odds of passing before the midterms. He urged regulators to move quickly, e
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Uruguay's central bank held interest rates steady for the fourth consecutive policy meeting, citing inflation below its target.
Uruguay's central bank held interest rates steady for the fourth consecutive policy meeting, citing inflation below its target.
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U.S. accounting standards group FASB proposes certain stablecoins be treated as 'cash equivalent'
The Financial Accounting Standards Board (FASB), which sets generally accepted accounting principles (GAAP), proposed that stablecoins with liquid, disclosed reserves, redeemable for dollars, could be
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Trump says no talks planned with Iran, insists Strait of Hormuz remains open amid frustration over Iran-Oman deal
US President Donald Trump asserted that the United States is not engaged in talks with Iran and has not scheduled any, despite previously claiming back-channel conversations. His remarks on Tuesday ap
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Israeli strike reportedly kills at least six in Gaza City amid stalled ceasefire efforts
The attack on Tuesday hit a crowded cafe in Gaza City's port, which has been turned into a displacement camp, injuring 14 others. The Israeli army stated it was targeting Hamas commanders, but provide
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Iran Foreign Ministry Spokesman Warns Against 'Baseless' Accusations, Citing 'False Flag Operations'
Iran Foreign Ministry Spokesman Warns Against 'Baseless' Accusations, Citing 'False Flag Operations'
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Iran's Foreign Ministry Spokesperson Rejects UAE's Statement on Missiles Being Launched from Iran Against the Gulf Country
Iran's Foreign Ministry Spokesperson Rejects UAE's Statement on Missiles Being Launched from Iran Against the Gulf Country
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Bond Traders Are Hedging Risk of Fed Pivoting to Rate Cuts in 2027
Bond traders are adjusting their positions, using options market wagers to hedge against the risk that the Federal Reserve will pivot to cutting rates in 2027. This shift comes after recent data large
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White House crypto adviser Patrick Witt is "optimistic and bullish" on Clarity Act, with first vote scheduled for September 15
White House crypto adviser Patrick Witt expressed optimism about the Clarity Act, a comprehensive federal regulatory framework for the crypto industry, ahead of its first planned cloture vote on Septe
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Ripple CLO Stuart Alderoty says September 15 will be a "bellwether" for the "Clarity Act" to advance in Congress.
Alderoty pointed out that on September 15, the Senate will hold its first procedural motion on the bill, the "motion to proceed," which requires 60 votes to pass. He warned that if the legislation fai
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U.S. Treasury to auction $16 billion in 20-year bonds Wednesday, facing highest borrowing cost in six years
The auction aims to help finance the country's nearly $1.8 trillion budget deficit this year. Investors are anticipated to demand a yield close to 5.8%, which would be the highest cost for Washington
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A rare divergence has emerged in the government bond market, with 30-year and 2-year bonds moving in different directions.
A rare divergence has emerged in the government bond market, with 30-year and 2-year bonds moving in different directions.
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Trump administration is considering imposing restrictions on Chinese open-weight AI models, Nikkei Asia reports
The move comes as China's DeepSeek recently released its V4 Pro open-weight AI model, intensifying debate in Washington and Silicon Valley on how the U.S. should respond to the rise of such Chinese AI
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Mortgage Rates Rise Slightly, With 7% Rates Back on Table Amid Bond Selloff
Mortgage rates rose slightly on Tuesday due to a deepening bond market selloff. Investors are offloading Treasurys amid concerns over the expanding U.S. debt load, government borrowing needs, and moun
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The U.S. Securities and Exchange Commission (SEC) proposed providing a securities registration exemption for crypto asset offerings that meet certain thresholds.
The U.S. Securities and Exchange Commission (SEC) proposed providing a securities registration exemption for crypto asset offerings that meet certain thresholds.
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Wyoming Replaces LayerZero for State Stablecoin Due to Security Concerns, Marking First US Government Blockchain Infrastructure Switch on Security Grounds
Wyoming's decision to replace its blockchain infrastructure for the state stablecoin specifically on security grounds makes it the first U.S. government entity to publicly do so. This move sees Wyomin
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US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
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