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—— Lower Manhattan Office Market Shows Early Signs of Revival; Canada Small Businesses Suffer as Trade War Escalates; Hedge Fund Millennium Management in Discussions with Geneva Authorities over Tax Deal; Qualcomm Wins Amazon as Data Center Chip Customer in $60 Billion Deal; US Consumer Borrowing Increases in July by More Than Expected; The $2tn Debt-Servicing …

Continue reading “Market Beats | Lower Manhattan Office Market Shows Early Signs of Revival; Canada Small Businesses Suffer as Trade War Escalates; Hedge Fund Millennium Management in Discussions with Geneva Authorities over Tax Deal; Qualcomm Wins Amazon as Data Center Chip Customer in $60 Billion Deal; US Consumer Borrowing Increases in July by More Than Expected; The $2tn Debt-Servicing Monster Threatening Global Leaders; Brent Oil Rises to Highest Since July on Mideast Supply Risks”

—— Nvidia Invests $3.5 Billion in MediaTek; US 10-Year Yield Tops 4.75% as Rising Oil Prices Fuel Fed Rate Hike Bets; SEC Plans to Scrap Shareholder Proxy Rules to Return Power to States; California Utility Stocks Plunge as Wildfire Liability Relief Effort Fails; LIV Golf May File for Bankruptcy as Early as Next Week; Cash-Strapped …

Continue reading “Market Beats | Nvidia Invests $3.5 Billion in MediaTek; US 10-Year Yield Tops 4.75% as Rising Oil Prices Fuel Fed Rate Hike Bets; SEC Plans to Scrap Shareholder Proxy Rules to Return Power to States; California Utility Stocks Plunge as Wildfire Liability Relief Effort Fails; LIV Golf May File for Bankruptcy as Early as Next Week; Cash-Strapped Colleges Drain Endowments to Survive Deficits; US and Iran Exchange Strikes as Strait of Hormuz Tensions Escalate”

—— Trump Vows to Double Automobile Tariffs on Canadian Vehicles and Parts; Pricey Elite US Private Schools Rethink Strategy; FTC Reaches Settlement with Zillow and Redfin; TotalEnergies CEO Says Hormuz Oil Shipping Costs About $20 Million; Porsche Partners with TCS in €1.25 Billion AI Deal; Ukraine Systematically Targets Warehouses of Russia’s Ozon Marketplace; Trump Administration …

Continue reading “Market Beats | Trump Vows to Double Automobile Tariffs on Canadian Vehicles and Parts; Pricey Elite US Private Schools Rethink Strategy; FTC Reaches Settlement with Zillow and Redfin; TotalEnergies CEO Says Hormuz Oil Shipping Costs About $20 Million; Porsche Partners with TCS in €1.25 Billion AI Deal; Ukraine Systematically Targets Warehouses of Russia’s Ozon Marketplace; Trump Administration Seeks $100,000 H-1B Fee via Regulation”

—— 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 …

Continue reading “Market Beats | 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 Banker Accused by SEC of $18.5 Million Insider-Trading Tip”

—— 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 …

Continue reading “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”

—— 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 …

Continue reading “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”