—— Tesla, Eight Automakers Recall Millions in China Over Door-Handle Flaws; OpenAI Releases iMessage Control via ChatGPT on Mac; Samsung Electronics to Return Record $80bn to Shareholders; Japanese Inflation Accelerates in July; Ray Dalio Urges Investors to Hold Gold to Hedge US Debt Risks; Apollo Targeted in Social Engineering Cyber Attack; Former Bank of America …
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Market Beats | Meta Becomes One of Microsoft’s Biggest AI Customers; Nintendo Switch 2 US Sales Plummet Amid Component Crisis; Evergrande Founder Hui Ka Yan Sentenced to Life in Prison; Walmart Misses Sales Targets as US Consumer Growth Decelerates; Switzerland and China Agree New Trade Accord; Key US Housing Affordability Metric Worsens for First Time in Three Years; Anthropic Prepares Potential Mega-IPO to Match or Beat SpaceX’s Record
—— Meta Becomes One of Microsoft’s Biggest AI Customers; Nintendo Switch 2 US Sales Plummet Amid Component Crisis; Evergrande Founder Hui Ka Yan Sentenced to Life in Prison; Walmart Misses Sales Targets as US Consumer Growth Decelerates; Switzerland and China Agree New Trade Accord; Key US Housing Affordability Metric Worsens for First Time in Three …
Market Beats | UAE Cuts All Economic Ties With Tehran; Moderna and Merck Shares Soar After Personalized Cancer Vaccine Succeeds in Late-Stage Trial; US Treasury Unexpectedly Ramps Up Long-Dated Debt Buybacks; Two Sigma Co-Founder Says Founder Feud Led to Loss of Major Investor; University of California System Sells $1 Billion of Private Equity Stakes; China Recovers Rocket Booster on Land for First Time; US Retailer Target Posts Higher Q2 Profit and Boost From Tariff Refunds
—— UAE Cuts All Economic Ties With Tehran; Moderna and Merck Shares Soar After Personalized Cancer Vaccine Succeeds in Late-Stage Trial; US Treasury Unexpectedly Ramps Up Long-Dated Debt Buybacks; Two Sigma Co-Founder Says Founder Feud Led to Loss of Major Investor; University of California System Sells $1 Billion of Private Equity Stakes; China Recovers Rocket …
Market Beats | Manhattan Rents Surge to Record $5,000 in July; US Weekly Unemployment Claims Rise; US Wholesale Inflation Decelerates More Than Estimated in July; Anthropic Investors Target $2tn Valuation in Planned October IPO; Cerebras Shares Slide After Chipmaker Signals Slower Growth; Microsoft Cuts Carbon Removal Investments as AI Spending Surges; AMD Planning Up to $5 Billion Sale in Biggest Bond Issue Ever
—— Manhattan Rents Surge to Record $5,000 in July; US Weekly Unemployment Claims Rise; US Wholesale Inflation Decelerates More Than Estimated in July; Anthropic Investors Target $2tn Valuation in Planned October IPO; Cerebras Shares Slide After Chipmaker Signals Slower Growth; Microsoft Cuts Carbon Removal Investments as AI Spending Surges; AMD Planning Up to $5 Billion …
Market Beats | Unitree Robotics IPO Draws Massive Retail Demand in Shanghai Listing; Intel to Offer $15 Billion in Common Stock; Microsoft Plans Significant Boost in Next-Gen AI Chip Production; GameStop Considers Withdrawing $56 Billion Bid for eBay; US Investment Giants Near $500 Billion AI Infrastructure Partnership with Nvidia; Value Aligned Research Advisors Drops 44% in July; Jefferies Downgrades Apple to Underperform
—— Intel to Offer $15 Billion in Common Stock; Microsoft Plans Significant Boost in Next-Gen AI Chip Production; GameStop Considers Withdrawing $56 Billion Bid for eBay; US Investment Giants Near $500 Billion AI Infrastructure Partnership with Nvidia; Value Aligned Research Advisors Drops 44% in July; Jefferies Downgrades Apple to Underperform; Unitree Robotics IPO Draws Massive …
Market Beats | Google Ordered to Pay $2B to Klarna’s Pricerunner Unit; Meta Plans Cloud Unit to Sell AI Compute and Models; Trump Earns $1.16B in Crypto Sales and Memecoin Royalties; Kevin Warsh Vows No Changes to Fed Independence; Tesla Car Deliveries Muddle Along as Investors Await Musk’s AI Consolidation; Nike Executives Warn of Consumer Anxiety; BlackRock Private Credit Fund Head to Depart
—— Google Ordered to Pay $2B to Klarna’s Pricerunner Unit; Meta Plans Cloud Unit to Sell AI Compute and Models; Trump Earns $1.16B in Crypto Sales and Memecoin Royalties; Kevin Warsh Vows No Changes to Fed Independence; Tesla Car Deliveries Muddle Along as Investors Await Musk’s AI Consolidation; Nike Executives Warn of Consumer Anxiety; BlackRock …
Market Beats | SpaceX’s Blockbuster $25bn Bond Sale Weakens Rapidly in Secondary Market; Novak Djokovic Joins General Atlantic as Global Strategic Adviser; Governor Gavin Newsom Calls for Federal Billionaires’ Tax; New York City Rent Board Votes to Freeze Rents for 1 million Stabilized Apartments; Tesla Quietly Settles Lawsuit Over Fatal 2023 Crash; Billionaire Investor Leon Black Issued Two Subpoenas After Walking Out of House Epstein Testimony; Apple’s First Touch-Screen MacBook to Rely on M5 Chips
—— SpaceX’s Blockbuster $25bn Bond Sale Weakens Rapidly in Secondary Market; Novak Djokovic Joins General Atlantic as Global Strategic Adviser; Governor Gavin Newsom Calls for Federal Billionaires’ Tax; New York City Rent Board Votes to Freeze Rents for 1 million Stabilized Apartments; Tesla Quietly Settles Lawsuit Over Fatal 2023 Crash; Billionaire Investor Leon Black Issued …
Market Beats | US Consumer Spending Accelerates in May as PCE Inflation Hits Over Three-Year High; Apple Hikes Prices Across Mac, iPad, and Home Lineups; Blue Owl Capital in Advanced Talks to Buy Minority Stake in Cleveland Cavaliers; More Than 1,000 Injured in Back-to-Back Venezuela Earthquakes; Jamie Dimon Names Doug Petno and Troy Rohrbaugh Co-Presidents; Micron Profits Surge Nearly 15-Fold to Fuel $1.3tn Valuation; Microsoft Hikes Xbox Console Prices by Up to $150
—— US Consumer Spending Accelerates in May as PCE Inflation Hits Over Three-Year High; Apple Hikes Prices Across Mac, iPad, and Home Lineups; Blue Owl Capital in Advanced Talks to Buy Minority Stake in Cleveland Cavaliers; More Than 1,000 Injured in Back-to-Back Venezuela Earthquakes; Jamie Dimon Names Doug Petno and Troy Rohrbaugh Co-Presidents; Micron Profits …
Market Beats | SK Hynix Plans Landmark $29.4 Billion US ADR Listing; Gold Falls Below $4,000; OpenAI Unveils First Custom AI Chip Developed with Broadcom; Florida’s Economic Engine Stalls as Unemployment Surges; Meme-Stock Crowd Rallies Behind Wendy’s to Spark Massive 37% Pre-Market Surge; Candidates Endorsed by Zohran Mamdani Sweep New York Democratic Congressional Primaries; Blackstone Loan on Chicago Office Tower Defaults
—— SK Hynix Plans Landmark $29.4 Billion US ADR Listing; Gold Falls Below $4,000; OpenAI Unveils First Custom AI Chip Developed with Broadcom; Florida’s Economic Engine Stalls as Unemployment Surges; Meme-Stock Crowd Rallies Behind Wendy’s to Spark Massive 37% Pre-Market Surge; Candidates Endorsed by Zohran Mamdani Sweep New York Democratic Congressional Primaries; Blackstone Loan on …
Market Beats | Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn
—— Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn 1. Oracle …