Market Beats | Temu Founder Becomes Richest Person in China; AI Startup Raises $100mn at $1.15bn Valuation; Stellantis to Cut 2,450 Staff in Michigan; Intel Cancels Innovation Event to Save Money; TikTok Has Less Anti-China Content Than Rivals; Investors Bearish on Commodities as Sentiment Shifts; Ares Could Take Over Industrial Manufacturer

—— AI Startup Raises $100mn at $1.15bn Valuation; Temu Founder Becomes Richest Person in China; Stellantis to Cut 2,450 Staff in Michigan; Intel Cancels Innovation Event to Save Money; TikTok Has Less Anti-China Content Than Rivals; Investors Bearish on Commodities as Sentiment Shifts; Ares Could Take Over Industrial Manufacturer 1. AI Startup Raises $100mn at …

Market Beats | Air Pollution in NYC Subway Reaches Dangerous Level; Wegovy Sales Missed Forecasts Amid High Concessions; US Mortgage Rates Drop by Most in 2 Years; US Dining Demand Remains Strong Despite Inflation; $42bn Bond Sale Drags Down US Stocks; JPMorgan CEO Doubtful of 2% Inflation Target

—— Wegovy Sales Missed Forecasts Amid High Concessions; US Mortgage Rates Drop by Most in 2 Years; US Dining Demand Remains Strong Despite Inflation; $42bn Bond Sale Drags Down US Stocks; JPMorgan CEO Doubtful of 2% Inflation Target; Air Pollution in NYC Subway Reaches Dangerous Level 1. Wegovy Sales Missed Forecasts Amid High Concessions Novo …

Market Beats | Vanke Monthly Sales Slump Continues; Uber Earnings Beat Forecasts in Second Quarter; US Trade Deficit Shrinks; OpenAI Co-Founder to Join Rival Anthropic; Hedge Funds and Institutions Bullish on Bitcoin After Rout; Airbnb Share Drops 14% Amid Poor Forecasts

—— Vanke Monthly Sales Slump Continues; Uber Earnings Beat Forecasts in Second Quarter; US Trade Deficit Shrinks; OpenAI Co-Founder to Join Rival Anthropic; Hedge Funds and Institutions Bullish on Bitcoin After Rout; Airbnb Share Drops 14% Amid Poor Forecasts 1. Vanke Monthly Sales Slump Continues China Vanke Co.’s sales slump continued in July, intensifying liquidity …

Market Beats | US Unemployment Rate Rises to 4.3%; Qualcomm Share Drops Amid Smartphone Slowdown; Intel Share Drops by Most in 40 Years; Snap Drops 17% Amid Weak Sales Forecast; Chevron Leaves California After 145 Years; Economists See Supersized Rate Cuts This Year; SoftBank Founder to Lose $2.6bn From Stock Drop

—— US Unemployment Rate Rises to 4.3%; Qualcomm Share Drops Amid Smartphone Slowdown; Intel Share Drops by Most in 40 Years; Snap Drops 17% Amid Weak Sales Forecast; Chevron Leaves California After 145 Years; Economists See Supersized Rate Cuts This Year; SoftBank Founder to Lose $2.6bn From Stock Drop 1. US Unemployment Rate Rises to …

Market Beats | BlackRock Expands at Hudson Yards Headquarter; US Labor Market Cools More Than Forecast; Delta Could Lose $500mn From CrowdStrike Outage; KKR to Receive $500mn From Selling Assets; Fed Could Cut Rates As Soon As September; McDonald 5 Dollar Meal Attracts More Customers; Meta Second Quarter Revenue Beats Forecast

—— BlackRock Expands at Hudson Yards Headquarter; US Labor Market Cools More Than Forecast; Delta Could Lose $500mn From CrowdStrike Outage; KKR to Receive $500mn From Selling Assets; Fed Could Cut Rates As Soon As September; McDonald 5 Dollar Meal Attracts More Customers; Meta Second Quarter Revenue Beats Forecast 1. BlackRock Expands at Hudson Yards …

Market Beats | Trump Openly Supports Crypto in Speech; Heineken Drops 7.4% Amid Consumer Demand Dip; Mcdonalds Sales Drop for First Time Since 2020; Sixth Street Leads Group to Buy Out Enstar; Lamborghini Breaks New Profit Record; Xiaomi Buys EV Factory in Beijing

—— Heineken Drops 7.4% Amid Consumer Demand Dip; Trump Openly Supports Crypto in Speech; Mcdonalds Sales Drop for First Time Since 2020; Sixth Street Leads Group to Buy Out Enstar; Lamborghini Breaks New Profit Record; Xiaomi Buys EV Factory in Beijing 1. Heineken Drops 7.4% Amid Consumer Demand Dip Heineken NV has taken an €874 …

Market Beats | Deadpool 3 Brings in Nearly $40mn on Opening Night; Key Inflation Gauge Rises Mildly While Consumers Hold Up; E-Sport Company of Casino Tycoon Son Went IPO; US Consumer Sentiment Continues to Drop; Quantum Computing Firm Plans IPO; Dexcom Drops 40% After Lowering Forecast; 3M Share Price Jumps Most in 36 Years

—— Key Inflation Gauge Rises Mildly While Consumers Hold Up; E-Sport Company of Casino Tycoon Son Went IPO; US Consumer Sentiment Continues to Drop; Quantum Computing Firm Plans IPO; Deadpool 3 Brings in Nearly $40mn on Opening Night; Dexcom Drops 40% After Lowering Forecast; 3M Share Price Jumps Most in 36 Years 1. Key Inflation …

Market Beats | US GDP Growth Exceeds Forecast in Second Quarter; Amex New Perks Add Value to Gold Card; Biggest Record Lable Tanks 30% Amid Slow Growth; Lineage Achieves Biggest IPO Since Arm; WhatsApp US Active Users Breaks 100 million; Ford Drops Most in 15 Years Amid Warranty Costs; American Airline Sharply Lowers Profit Outlook

—— US GDP Growth Exceeds Forecast in Second Quarter; Amex New Perks Add Value to Gold Card; Biggest Record Lable Tanks 30% Amid Slow Growth; Lineage Achieves Biggest IPO Since Arm; WhatsApp US Active Users Breaks 100 million; Ford Drops Most in 15 Years Amid Warranty Costs; American Airline Sharply Lowers Profit Outlook 1. US …

Market Beats | Kamala Narrows Trump Lead Significantly; US IPO Market Heats Up with $5.5bn Equity Offering; UPS Share Price Drops Most in 16 Years; 56,000 US Home Sales Fell Through in June; Tesla Profit Missed Forecast in Second Quarter; Comcast Revenues of Studios and Theme Parks Drop

—— Kamala Narrows Trump Lead Significantly; US IPO Market Heats Up with $5.5bn Equity Offering; UPS Share Price Drops Most in 16 Years; 56,000 US Home Sales Fell Through in June; Tesla Profit Missed Forecast in Second Quarter; Comcast Revenues of Studios and Theme Parks Drop 1. Kamala Narrows Trump Lead Significantly Joe Biden’s decision …

Market Beats | Head of US Secret Service Angrily Interrogated; China Lowers Key Policy Rates; AI Startup Valued at $5.5bn in Recent Fundraising; Delta Cancels Over 800 Flights Amid Outage; Amazon and Warner Bros to Bid for NBA TV Rights; SAP Cloud Revenue Grows 25%; Iconiq Raises $5.75bn for 7th Fund

—— China Lowers Key Policy Rates; AI Startup Valued at $5.5bn in Recent Fundraising; Delta Cancels Over 800 Flights Amid Outage; Amazon and Warner Bros to Bid for NBA TV Rights; Head of US Secret Service Angrily Interrogated; SAP Cloud Revenue Grows 25%; Iconiq Raises $5.75bn for 7th Fund 1. China Lowers Key Policy Rates …