Ionic Digital, a Bitcoin miner and AI infrastructure company formed from Celsius Mining's assets, saw its shares rise 26% to $62.90 in its Nasdaq debut, valuing the company at $2.8 billion.
Analysts caution that China's reported production of home-grown immersion DUV lithography machines, though a concern, does not immediately threaten ASML's dominance due to the complexity of achieving commercial viability.
AstraZeneca's Q2 net profit rose 2% to $2.51 billion, beating analyst expectations, driven by strong cancer medicine sales. Shares rose 1.4% in European trading despite a recent trial failure, with the company reconfirming its $80bn 2030 revenue goal.
Microsoft's Q4 revenue exceeded expectations at $90.01 billion, driven by 18% year-over-year growth, leading to an 8% surge in shares after hours. Strong Azure performance and a $3.2 billion AI investment gain contributed to the beat.
Claire Macdonel, 13, from Sugar Land, Texas, recovers after a barracuda attack in Turks and Caicos. The incident, which occurred during an underwater handstand while wearing a shiny bracelet, required tendon repair surgery. Despite the trauma, Claire remains committed to her dream of becoming a marine biologist.
Zhongji buys back shares to stabilize prices before Hong Kong IPO, amid risk of onshore stock decline impacting offshore listing success.
JPMorgan Chase CEO Jamie Dimon reflects on his 1998 firing from Citigroup and a near-fatal heart emergency in 2020, discussing how these events reshaped his career and outlook on life.
A GS Finance note tied to Strategy's MSTR shares is set to yield only $217 per $1,000 investment at maturity, reflecting a 78.3% loss due to MSTR's significant price drop below the threshold set by Goldman Sachs.
ChangXin Memory Technologies (CXMT), China's largest memory-chip maker, debuted with a 466% share surge, raising $8.6 billion in Asia's largest 2024 IPO, achieving a $3.3 trillion market cap despite US export controls limiting its tech to one generation behind global leaders.
India's government is developing a digital platform to manage unclaimed shares and dividends, connecting various official platforms via APIs, leveraging AI and data analytics for streamlined, consent-based transfers with enhanced fraud prevention.
SK Hynix reports a 1,242% year-over-year increase in Q2 net profit to 93.9tn won, driven by AI industry demand for advanced memory chips. Despite record profits, shares fell 9.6% due to missed revenue and operating profit expectations.
ChangXin Memory Technologies (CXMT) debuts on Shanghai exchange with a 466% share price surge, achieving a market capitalisation of 3.28 trillion yuan, surpassing all mainland China onshore listings. The semiconductor firm's unprecedented trading volume exceeded 140 billion yuan, prompting regulatory meetings to address market stability concerns.
Alpaca, a California brokerage, custodies over $1.5 billion in shares backing tokenized equities, dominating a market promoted as decentralized. However, the upcoming launch of DTCC's Tokenization Service in October threatens to disrupt this concentration by offering tokenized stocks with full shareholder rights, potentially undermining Alpaca's position.
US spot Bitcoin ETFs recorded $225 million in net outflows on July 23, led by a $202 million outflow from BlackRock's iShares Bitcoin Trust (IBIT), ending a seven-day inflow streak of $999 million. Bitcoin prices also declined, though causation between flows and price movement remains unresolved.
Strive's SATA preferred shares recover to near $100 par value after June selloff, reflecting regained confidence in Bitcoin treasury strategies, with potential positive impact on similar products like Strategy's STRC.
Tesla shares fell 18% and SpaceX stock dropped 7.2% in a rough week for Elon Musk, erasing about $130 billion of his wealth. Tesla’s decline followed weaker-than-expected earnings, while SpaceX prepared for another Starship test flight.
Veteran investor Ashish Kacholia likely sold his entire 1.54% stake in Walchandnagar Industries in Q1 FY27, as the heavy engineering company's shares more than doubled. His name is absent from the latest shareholding data, indicating his holding fell below 1%.
Stocks face a muted open after a sell-off, influenced by rising oil prices and AI spending concerns. Key companies like Intel, Nvidia, Amkor, American Express, SLB, Deckers Outdoor, GE Healthcare, Dell, Verizon, and Oracle report mixed earnings and strategic developments.
Corporate Bitcoin holdings, often financed by convertible notes and preferred shares, face maturity and dividend pressures that can force companies like Strategy and Bitdeer to sell BTC, impacting market supply regardless of long-term price beliefs.
DTCC is conducting a tokenization trial with 40 firms, including JPMorgan and BlackRock, to represent shares and Treasuries on-chain. However, the usability of these tokens as collateral is hampered by unresolved issues concerning asset pricing, oracle reliability, and accountability for losses when price feeds fail, posing a significant hurdle for institutional adoption.
Intel reported strong second-quarter results, with revenue up 25% to $16.1 billion and non-GAAP EPS swinging to a 42-cent profit, exceeding analyst estimates. The chipmaker provided an upbeat third-quarter outlook, driven by demand for AI infrastructure and its foundry business, leading to a stock increase.
Elon Musk admitted getting "carried away" by politics during his alliance with Donald Trump, serving as head of Doge. In an Economist interview, he shared controversial predictions on AI, UK civil war, and the Ukraine war, reflecting on his wealth and influence.
Google parent Alphabet and Tesla shares plunged after both reported negative free cash flow and announced billions more in AI and unspecified investments, raising investor skepticism about returns on high spending.
Alphabet and Tesla shares fell sharply after both companies reported negative Q2 free cash flow and signaled increased AI spending, raising investor concerns about mounting costs. Tesla lost $200B and Alphabet $300B in market cap, while Amazon also declined.
