20 mins. ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB), a technology services company that provides digital transformation, AI, and software development solutions, detracted from the Fund's performance during the quarter. On July 24, 2026, Globant S.A. (NYSE:GLOB) closed at $31.30 per share, reflecting a market capitalization of $1.35 billion. Globant S.A. (NYSE:GLOB) posted a one-month return of 9.72%, while its shares lost 64.62% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its Q2 2026 investor update:
"Although both companies weighed on performance, the largest single detractor was Globant S.A. (NYSE:GLOB), the US listed IT services and digital engineering business. It too was a casualty of the excessive extrapolation we believe investors are currently making and we have been gently adding on weakness to all three names."
Globant S.A. (NYSE:GLOB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 25 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the first quarter, compared to 33 in the previous quarter. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#fund #amati #global
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB), a technology services company that provides digital transformation, AI, and software development solutions, detracted from the Fund's performance during the quarter. On July 24, 2026, Globant S.A. (NYSE:GLOB) closed at $31.30 per share, reflecting a market capitalization of $1.35 billion. Globant S.A. (NYSE:GLOB) posted a one-month return of 9.72%, while its shares lost 64.62% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its Q2 2026 investor update:
"Although both companies weighed on performance, the largest single detractor was Globant S.A. (NYSE:GLOB), the US listed IT services and digital engineering business. It too was a casualty of the excessive extrapolation we believe investors are currently making and we have been gently adding on weakness to all three names."
Globant S.A. (NYSE:GLOB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 25 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the first quarter, compared to 33 in the previous quarter. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#fund #amati #global
22 mins. ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Autodesk, Inc. (NASDAQ:ADSK). Autodesk, Inc. (NASDAQ:ADSK) is a software company that develops 3D design, engineering, and entertainment technology solutions. On July 24, 2026, Autodesk, Inc. (NASDAQ:ADSK) closed at $209.75 per share, reflecting a market capitalization of $44.29 billion. Autodesk, Inc. (NASDAQ:ADSK) posted a one-month return of 7.43%, while its shares lost 31.11% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2026 investor update:
"Equity markets in their enthusiasm for the AI opportunity have written off many companies which we are confident have many years of demand growth ahead. Specialist software providers into often highly regulated industries will be extremely difficult to replicate and there is little incentive for users to do so. Companies such as PTC and Autodesk, Inc. (NASDAQ:ADSK) are often foundational for the clients that use them, and they are embracing AI to improve their offering and the efficiency of their customers. The way their businesses are effectively being written off in the minds of investors creates a very attractive investment opportunity in our view, and our 3-5 year time horizon gives plenty of runway for a more balanced view to ******* ert itself."
Autodesk, Inc. (NASDAQ:ADSK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 67 hedge fund portfolios held Autodesk, Inc. (NASDAQ:ADSK) at the end of the first quarter, compared to 81 in the previous quarter. While we acknowledge the potential of Autodesk, Inc. (NASDAQ:ADSK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, se
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Autodesk, Inc. (NASDAQ:ADSK). Autodesk, Inc. (NASDAQ:ADSK) is a software company that develops 3D design, engineering, and entertainment technology solutions. On July 24, 2026, Autodesk, Inc. (NASDAQ:ADSK) closed at $209.75 per share, reflecting a market capitalization of $44.29 billion. Autodesk, Inc. (NASDAQ:ADSK) posted a one-month return of 7.43%, while its shares lost 31.11% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2026 investor update:
"Equity markets in their enthusiasm for the AI opportunity have written off many companies which we are confident have many years of demand growth ahead. Specialist software providers into often highly regulated industries will be extremely difficult to replicate and there is little incentive for users to do so. Companies such as PTC and Autodesk, Inc. (NASDAQ:ADSK) are often foundational for the clients that use them, and they are embracing AI to improve their offering and the efficiency of their customers. The way their businesses are effectively being written off in the minds of investors creates a very attractive investment opportunity in our view, and our 3-5 year time horizon gives plenty of runway for a more balanced view to ******* ert itself."
Autodesk, Inc. (NASDAQ:ADSK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 67 hedge fund portfolios held Autodesk, Inc. (NASDAQ:ADSK) at the end of the first quarter, compared to 81 in the previous quarter. While we acknowledge the potential of Autodesk, Inc. (NASDAQ:ADSK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, se
2 hours ago
Virtually all German footballing media sources are currently reporting that Jesper Lindstrøm's transfer to newly promoted Bundesliga outfit FC Schalke 04 is close to being finalized. Reports from Italy and Germany now suggest that negotiations are at an advanced stage, with Lindstrøm already having reached a basic agreement with die Königsblauen.
Schalke have been working to bring the 26-year-old back to the Bundesliga following his disappointing season with relegated Wolfsburg. Napoli initially hoped to sell the Denmark international and recover part of the approximately €30 million invested in his 2023 transfer from Frankfurt.
What price Schalke will pay for the 18-times-capped international should prove interesting.
Lindstrøm's estimated market value in the Transfermarkt listings has collapsed since his successful Frankfurt spell. Valued at €28 million before leaving the Bundesliga, the winger arrived at Wolfsburg last summer with an €18 million valuation.
Following an injury-plagued campaign in which he made only four starts, Lindstrøm is now valued at €4 million—a decline of almost 78 percent in one year. The Dane made another 11 appearances off the bench, including both relegation-playoff fixtures against Paderborn.
#lindstr #schalke #valued
Schalke have been working to bring the 26-year-old back to the Bundesliga following his disappointing season with relegated Wolfsburg. Napoli initially hoped to sell the Denmark international and recover part of the approximately €30 million invested in his 2023 transfer from Frankfurt.
What price Schalke will pay for the 18-times-capped international should prove interesting.
Lindstrøm's estimated market value in the Transfermarkt listings has collapsed since his successful Frankfurt spell. Valued at €28 million before leaving the Bundesliga, the winger arrived at Wolfsburg last summer with an €18 million valuation.
Following an injury-plagued campaign in which he made only four starts, Lindstrøm is now valued at €4 million—a decline of almost 78 percent in one year. The Dane made another 11 appearances off the bench, including both relegation-playoff fixtures against Paderborn.
#lindstr #schalke #valued
2 hours ago
With the Major League Baseball trade deadline coming up Aug. 3, the Milwaukee Brewers are sitting in an obvious playoff spot, have a loaded farm system and would theoretically be players for some of the top names seemingly available on the trade market.
But can we really expect 2026 to look different from other trade deadlines?
Count Mark Feinsand of MLB.com among those who believe the Brewers will indeed be "aggressive" at the deadline, but what does that look like?
ESPN writer Jeff Passan put together "10 blockbuster deals that would rock the trade deadline" and arranged two deals involving a superstar going to Milwaukee. They would certainly count as aggressive.
Passan first proposed a deal that sends Detroit Tigers star left-hander Tarik Skubal to the Brewers for right-hander Logan Henderson, left fielder Josh Adamczewski and infielder Ricki Moneys. The latter two are among the more intriguing prospects in the Brewers organization, and Henderson is just graduating from prospect status into reliable major-league starter.
#henderson
But can we really expect 2026 to look different from other trade deadlines?
Count Mark Feinsand of MLB.com among those who believe the Brewers will indeed be "aggressive" at the deadline, but what does that look like?
ESPN writer Jeff Passan put together "10 blockbuster deals that would rock the trade deadline" and arranged two deals involving a superstar going to Milwaukee. They would certainly count as aggressive.
Passan first proposed a deal that sends Detroit Tigers star left-hander Tarik Skubal to the Brewers for right-hander Logan Henderson, left fielder Josh Adamczewski and infielder Ricki Moneys. The latter two are among the more intriguing prospects in the Brewers organization, and Henderson is just graduating from prospect status into reliable major-league starter.
#henderson
2 hours ago
Arsenal have an incredibly bold plan. It's one that should send a £100m winger to Liverpool.
Liverpool desperately need a new winger after Mohamed Salah's exit. They needed one anyway, given no one replaced Luis Diaz - though, the hope is that Victor Munoz will now do that.
But replacing Salah is another matter entirely. He was the main attacking output in the team, both for goals and ***** ists. Yes, he had a down year last term but his numbers remained higher than just about every potential replacement.
It's why Liverpool are trying to shop in the elite bracket right now. That started with a move for Yan Diomande but despite initially believing it was on, the player rejected them for Paris Saint-Germain (and subsequently rejected them for Real Madrid).
Now the main target is Bradley Barcola, a player Anfield Watch initially reported was a target back in April. He was viewed as a 'market opportunity' back then - though, it's now debatable how correct that was.
#Liverpool #main #player #back
Liverpool desperately need a new winger after Mohamed Salah's exit. They needed one anyway, given no one replaced Luis Diaz - though, the hope is that Victor Munoz will now do that.
But replacing Salah is another matter entirely. He was the main attacking output in the team, both for goals and ***** ists. Yes, he had a down year last term but his numbers remained higher than just about every potential replacement.
It's why Liverpool are trying to shop in the elite bracket right now. That started with a move for Yan Diomande but despite initially believing it was on, the player rejected them for Paris Saint-Germain (and subsequently rejected them for Real Madrid).
Now the main target is Bradley Barcola, a player Anfield Watch initially reported was a target back in April. He was viewed as a 'market opportunity' back then - though, it's now debatable how correct that was.
#Liverpool #main #player #back
3 hours ago
Serie A sides Milan and Roma have an increasingly heated market axis and the latest transfer between them could involve Matias Soule.
This week, the Giallorossi stepped forward for Christopher Nkunku. It was expected the two clubs could open discussions for other players, with the Rossoneri having rejected Roma's approach for the Frenchman.
But PianetaMilan note that it is Milan who have stepped forward for a Giallorossi player in Soule.
They have spoken to his entourage about a possible deal and their interest can grow in the next few weeks. Ruben Amorim is a fan of the Argentine's profile, as he seeks players who have a reliable 1v1 ability and can play in attack.
A move though would depend on Rafael Leao's Milan exit. If he leaves for the required fee of €50 million, they could use that to sign Soule. But for now, the Portuguese staying at Milan is holding up the Rossoneri's entire transfer window and they don't want to wait until August to seal incomings.
#transfer
This week, the Giallorossi stepped forward for Christopher Nkunku. It was expected the two clubs could open discussions for other players, with the Rossoneri having rejected Roma's approach for the Frenchman.
But PianetaMilan note that it is Milan who have stepped forward for a Giallorossi player in Soule.
They have spoken to his entourage about a possible deal and their interest can grow in the next few weeks. Ruben Amorim is a fan of the Argentine's profile, as he seeks players who have a reliable 1v1 ability and can play in attack.
A move though would depend on Rafael Leao's Milan exit. If he leaves for the required fee of €50 million, they could use that to sign Soule. But for now, the Portuguese staying at Milan is holding up the Rossoneri's entire transfer window and they don't want to wait until August to seal incomings.
#transfer
3 hours ago
Fabio Paratici has wasted no time stamping his mark on this Fiorentina squad. He's brought in 5 new players already and more are coming. That's good news: the Viola needed to refresh a stale, ailing group. What I'm interested in, though, is the senior players the new sporting director has sold. No, I don't mean outcasts like Lucas Beltrán and Amir Richardson and Alessandro Bianco. I don't mean unfortunate salary casualty Robin Gosens. No, I mean all the academy-trained talent in the system.
Until the Viola create a B-team, it will lose a crop of academy kids every summer. Most of them never had a chance of breaking through to the first team. For the handful who might have the quality, finding an acceptable path within the club is difficult. The most common outcome is what happened to, say, Eduard Duțu last year: a promising young defender, he ended up on 7 loan deals before leaving Florence for good last year without ever making a senior appearance. Guys like Luca Ranieri—loans to Foggia, Ascoli, SPAL, and Salernitana before breaking through—are the exception. It's rare for to see one of these youngsters take that final step.
Young players matter to fans in a way they don't to the club itself. For fans, every 17-year-old who dribbles a 3rd-tier defender in preseason becomes a future star. That's not just luxurious thinking. We need that fantasy—the academy contains untold riches—because it reinforces two narratives that sustain us, especially through the lean years. First, we get to believe that we know ball and can identify buried talent because that allows us to think of ourselves as knowledgeable, superior, and in control of something over which we actually exert no control. Second, we get to think that Fiorentina is doing something better than other clubs, allowing us to enjoy vicarious success and prove to ourselves that there's a reason to support an organization that constantly falls short.
The other bit is that fans connect with kids they've watched grow up more than they do with senior players brought in on the open market. There are Borja Valero exceptions, of course, but in a vacuum, we'd all prefer an academy product more than a player of equal talent who transferred in. It demonstrates that the club's process is successful. It also provides a connection to the city: every time you see a kid like Tommaso Martinelli post a picture of himself as a child in the Curva Fiesole, it reinforces the depth of feeling the locals have for the club in a way that nothing else can.
Fiorentina has enjoyed unprecedented success at youth level in the Commisso era. Daniele Galloppa led the kids to their first scudetto in 43 years, adding that trophy to 4 Coppe Italia and 2 Supercoppe since the 2019-2020 season. There's been a rich seam of talent at the RBCVPetc, churning out senior internationals (Federico Chiesa, Jan Mlakar, Michael Kayode), promising youngsters (Daniele Ghilardi, Edoardo Pierozzi, Costantino Favasuli) and steady veterans dotting t
Until the Viola create a B-team, it will lose a crop of academy kids every summer. Most of them never had a chance of breaking through to the first team. For the handful who might have the quality, finding an acceptable path within the club is difficult. The most common outcome is what happened to, say, Eduard Duțu last year: a promising young defender, he ended up on 7 loan deals before leaving Florence for good last year without ever making a senior appearance. Guys like Luca Ranieri—loans to Foggia, Ascoli, SPAL, and Salernitana before breaking through—are the exception. It's rare for to see one of these youngsters take that final step.
Young players matter to fans in a way they don't to the club itself. For fans, every 17-year-old who dribbles a 3rd-tier defender in preseason becomes a future star. That's not just luxurious thinking. We need that fantasy—the academy contains untold riches—because it reinforces two narratives that sustain us, especially through the lean years. First, we get to believe that we know ball and can identify buried talent because that allows us to think of ourselves as knowledgeable, superior, and in control of something over which we actually exert no control. Second, we get to think that Fiorentina is doing something better than other clubs, allowing us to enjoy vicarious success and prove to ourselves that there's a reason to support an organization that constantly falls short.
The other bit is that fans connect with kids they've watched grow up more than they do with senior players brought in on the open market. There are Borja Valero exceptions, of course, but in a vacuum, we'd all prefer an academy product more than a player of equal talent who transferred in. It demonstrates that the club's process is successful. It also provides a connection to the city: every time you see a kid like Tommaso Martinelli post a picture of himself as a child in the Curva Fiesole, it reinforces the depth of feeling the locals have for the club in a way that nothing else can.
Fiorentina has enjoyed unprecedented success at youth level in the Commisso era. Daniele Galloppa led the kids to their first scudetto in 43 years, adding that trophy to 4 Coppe Italia and 2 Supercoppe since the 2019-2020 season. There's been a rich seam of talent at the RBCVPetc, churning out senior internationals (Federico Chiesa, Jan Mlakar, Michael Kayode), promising youngsters (Daniele Ghilardi, Edoardo Pierozzi, Costantino Favasuli) and steady veterans dotting t
4 hours ago
This story was originally published on BioPharma Dive. To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter.
Sarepta Therapeutics has found the leader it hopes can engineer a desperately needed turnaround.
The company on Monday announced that Michael Severino, an executive with leadership experience at startups as well as large drugmakers, will become its next CEO effective July 28. He'll replace longtime leader Doug Ingram, who in February announced plans to retire after a tumultuous run.
Severino has been working in the biopharmaceutical industry for more than two decades, including stops at AbbVie and Amgen. At AbbVie, Severino helped bring to market multiple drugs for psoriasis, arthritis, cancer and hepatitis C. At Amgen, he oversaw research and development as the company's senior vice president of development and corporate chief medical officer.
In 2022, Severino left AbbVie to run Tessera Therapeutics, a buzzy "gene writing" startup backed by Flagship Pioneering. Tessera recently brought its first drug prospect, a gene editing treatment for alpha-1 antitrypsin deficiency, into clinical testing. Last week, Tessera announced that Severino had joined a "commercial stage" biotech company and that former Merck & Co. executive Joseph Romanelli would serve as its next leader.
#abbvie #tessera #biopharma #amgen
Sarepta Therapeutics has found the leader it hopes can engineer a desperately needed turnaround.
The company on Monday announced that Michael Severino, an executive with leadership experience at startups as well as large drugmakers, will become its next CEO effective July 28. He'll replace longtime leader Doug Ingram, who in February announced plans to retire after a tumultuous run.
Severino has been working in the biopharmaceutical industry for more than two decades, including stops at AbbVie and Amgen. At AbbVie, Severino helped bring to market multiple drugs for psoriasis, arthritis, cancer and hepatitis C. At Amgen, he oversaw research and development as the company's senior vice president of development and corporate chief medical officer.
In 2022, Severino left AbbVie to run Tessera Therapeutics, a buzzy "gene writing" startup backed by Flagship Pioneering. Tessera recently brought its first drug prospect, a gene editing treatment for alpha-1 antitrypsin deficiency, into clinical testing. Last week, Tessera announced that Severino had joined a "commercial stage" biotech company and that former Merck & Co. executive Joseph Romanelli would serve as its next leader.
#abbvie #tessera #biopharma #amgen
4 hours ago
By Mike Dolan
July 27 (Reuters) -
What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what's set to be another turbulent week for markets.
#dolan #reuters #finance #matters
July 27 (Reuters) -
What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what's set to be another turbulent week for markets.
#dolan #reuters #finance #matters
4 hours ago
The "get-in" price for the Philadelphia 76ers preseason home debut has surged following the team's signing of LeBron James, according to secondary ticket marketplace TickPick, far exceeding the average cost of a 76ers regular season home game ticket in 2025.
James announced his departure from the Los Angeles Lakers to the Philadelphia 76ers last week.
The "get-in" price for James' preseason home debut against the Boston Celtics on Oct. 16 is $165 on the secondary market, which is 142% more expensive than the overall average purchase price ($68) for 76ers regular season home games in the 2025-26 season, according to TickPick.
Several non-premium tickets have reached as high as $589 for the preseason matchup on TickPick.
The vast majority of other preseason games in October featuring teams other than the 76ers have get-in prices well below the $100 mark, with some matchups offering tickets around the $30 range.
#preseason #tickpick #season #philadelphia
James announced his departure from the Los Angeles Lakers to the Philadelphia 76ers last week.
The "get-in" price for James' preseason home debut against the Boston Celtics on Oct. 16 is $165 on the secondary market, which is 142% more expensive than the overall average purchase price ($68) for 76ers regular season home games in the 2025-26 season, according to TickPick.
Several non-premium tickets have reached as high as $589 for the preseason matchup on TickPick.
The vast majority of other preseason games in October featuring teams other than the 76ers have get-in prices well below the $100 mark, with some matchups offering tickets around the $30 range.
#preseason #tickpick #season #philadelphia
4 hours ago
Bitcoin (BTC) bounced over the weekend session and was stabilizing above the $65,000 support as of Monday.
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
4 hours ago
Micron Technology, Inc. (NASDAQ:MU) stock gained by more than 3% during Monday's premarket session as risk appetite improves alongside a firm overnight tape. Nasdaq futures are up 1.57% while S&P 500 futures have gained 0.93%.
The broader market rally coincided with a major development in the global memory-chip industry that could reshape long-term competitive dynamics.
ChangXin Memory Technologies (CXMT), China's leading DRAM maker, made a blockbuster stock market debut that underscores Beijing's push to build a domestic memory champion.
While the listing highlights rising competition in commodity memory, ***** ysts believe Micron remains well positioned in the faster-growing AI memory market.
CXMT raised 57.92 billion yuan, or $8.55 billion, after pricing its IPO at 8.66 yuan per share. The stock surged more than 531% to about 54.60 yuan, valuing the DRAM maker at roughly 3.68 trillion yuan and making it China's most valuable listed company.
#memory
The broader market rally coincided with a major development in the global memory-chip industry that could reshape long-term competitive dynamics.
ChangXin Memory Technologies (CXMT), China's leading DRAM maker, made a blockbuster stock market debut that underscores Beijing's push to build a domestic memory champion.
While the listing highlights rising competition in commodity memory, ***** ysts believe Micron remains well positioned in the faster-growing AI memory market.
CXMT raised 57.92 billion yuan, or $8.55 billion, after pricing its IPO at 8.66 yuan per share. The stock surged more than 531% to about 54.60 yuan, valuing the DRAM maker at roughly 3.68 trillion yuan and making it China's most valuable listed company.
#memory
4 hours ago
Crude oil prices dropped sharply on Monday as investors unwound geopolitical risk premiums following indications that tensions between the United States and Iran may be easing. The selloff erased much of the rally seen last week, when fears of a wider conflict briefly pushed Brent crude close to the $100-per-barrel level.
By 06:11 GMT, Brent crude futures were down 6% at $90.93 per barrel after briefly falling below $90 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures declined 6.1% to $83.83 per barrel.
Last week, Brent climbed to around $100 a barrel after the conflict expanded beyond the Strait of Hormuz into the Red Sea, raising concerns over Middle Eastern oil exports.
However, market sentiment shifted after Washington paused its military campaign following 13 consecutive nights of strikes, allowing additional time for diplomatic negotiations after weeks of escalating hostilities.
Iran quickly responded to the move. According to Reuters, an Iranian official said Tehran would halt retaliatory attacks provided the United States maintained its suspension of military operations. Both governments have nevertheless indicated they are prepared to resume military action if negotiations fail.
#united #Iran
By 06:11 GMT, Brent crude futures were down 6% at $90.93 per barrel after briefly falling below $90 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures declined 6.1% to $83.83 per barrel.
Last week, Brent climbed to around $100 a barrel after the conflict expanded beyond the Strait of Hormuz into the Red Sea, raising concerns over Middle Eastern oil exports.
However, market sentiment shifted after Washington paused its military campaign following 13 consecutive nights of strikes, allowing additional time for diplomatic negotiations after weeks of escalating hostilities.
Iran quickly responded to the move. According to Reuters, an Iranian official said Tehran would halt retaliatory attacks provided the United States maintained its suspension of military operations. Both governments have nevertheless indicated they are prepared to resume military action if negotiations fail.
#united #Iran
4 hours ago
Microstrategy has gone four consecutive weeks without buying a single satoshi of Bitcoin, its longest buying freeze in two years, while Michael Saylor keeps posting accumulation charts to X with the caption "We're gonna need another color."
The company sits on $3.225 billion in cash, MSTR is down roughly 33% year-to-date, and Q2 earnings land Thursday after the US market close. The central question for retail investors is blunt: is the BTC dip buy coming today, or is the math still broken?
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
The mechanics of the freeze are straightforward. SEC filings on Jun. 29, Jul. 6, Jul. 13 and Jul. 20 each recorded no Bitcoin buys made under its standing acquisition programs. The filings covering June 29, July 6, July 13, and July 20 contained the same answer: nothing.
What makes the silence louder is the contrast with Saylor's behavior on X. He posted Strategy's color-coded Bitcoin accumulation chart on Sunday, July 27, under the caption "We're gonna need another color", a reference to how new purchase tranches get ******* igned a distinct color bubble on the chart.
#buying #accumulation
The company sits on $3.225 billion in cash, MSTR is down roughly 33% year-to-date, and Q2 earnings land Thursday after the US market close. The central question for retail investors is blunt: is the BTC dip buy coming today, or is the math still broken?
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
The mechanics of the freeze are straightforward. SEC filings on Jun. 29, Jul. 6, Jul. 13 and Jul. 20 each recorded no Bitcoin buys made under its standing acquisition programs. The filings covering June 29, July 6, July 13, and July 20 contained the same answer: nothing.
What makes the silence louder is the contrast with Saylor's behavior on X. He posted Strategy's color-coded Bitcoin accumulation chart on Sunday, July 27, under the caption "We're gonna need another color", a reference to how new purchase tranches get ******* igned a distinct color bubble on the chart.
#buying #accumulation
4 hours ago
By Jonathan Saul, Parisa Hafezi, Timour Azhari and Chen Aizhu
LONDON/DUBAI, July 28 (Reuters) - China has held direct talks with Yemen's Houthi movement to enable its tankers to sail through the southern Red Sea without being attacked after the Iran-aligned militia pledged to prevent access to Saudi ports, six sources with knowledge of the matter have said.
The Houthis declared their blockade on July 20, opening a new front against the U.S. and its allies in the Iran war and expanding attacks on tankers carrying energy and other supplies to markets beyond the Middle East.
Beijing has asked the Houthis directly to promise safe passage for its tankers, according to the sources, who included a senior Iranian official.
China was among the first countries to contact the Houthis directly about transits through Bab el-Mandeb, the strait at the southern end of the Red Sea with Yemen on its eastern bank, said the sources, who declined to be identified due to the sensitivity of the matter.
#tankers
LONDON/DUBAI, July 28 (Reuters) - China has held direct talks with Yemen's Houthi movement to enable its tankers to sail through the southern Red Sea without being attacked after the Iran-aligned militia pledged to prevent access to Saudi ports, six sources with knowledge of the matter have said.
The Houthis declared their blockade on July 20, opening a new front against the U.S. and its allies in the Iran war and expanding attacks on tankers carrying energy and other supplies to markets beyond the Middle East.
Beijing has asked the Houthis directly to promise safe passage for its tankers, according to the sources, who included a senior Iranian official.
China was among the first countries to contact the Houthis directly about transits through Bab el-Mandeb, the strait at the southern end of the Red Sea with Yemen on its eastern bank, said the sources, who declined to be identified due to the sensitivity of the matter.
#tankers
4 hours ago
Crypto exchange BitMart said Sunday it will wind down its trading platform after nine years, sending its BMX token crashing and marking the second major crypto exchange to announce its closure in a week.
The exchange stopped taking new registrations, deposits, and orders from 01:30 UTC on Sunday. All spot and derivatives trading ends August 26, and the platform formally shuts on January 31, 2027.
The platform added that it "remains committed to managing this wind-down process in a responsible, orderly, and transparent manner." Withdrawals remain open, though BitMart warned that identity, device, sanctions, and source-of-funds checks could slow processing as users rush to exit.
BitMart blamed its "operating conditions, market environment, and future strategic direction," without saying which forced the decision. BMX, its exchange token, has crashed 81% over the past week to $0.057, cutting its market value to $19.6 million, according to CoinGecko data.
The platform lost $196 million to a hot-wallet breach in December 2021, one of the larger exchange hacks of that cycle, and covered customer losses.
#bitmart #Crypto #token #week
The exchange stopped taking new registrations, deposits, and orders from 01:30 UTC on Sunday. All spot and derivatives trading ends August 26, and the platform formally shuts on January 31, 2027.
The platform added that it "remains committed to managing this wind-down process in a responsible, orderly, and transparent manner." Withdrawals remain open, though BitMart warned that identity, device, sanctions, and source-of-funds checks could slow processing as users rush to exit.
BitMart blamed its "operating conditions, market environment, and future strategic direction," without saying which forced the decision. BMX, its exchange token, has crashed 81% over the past week to $0.057, cutting its market value to $19.6 million, according to CoinGecko data.
The platform lost $196 million to a hot-wallet breach in December 2021, one of the larger exchange hacks of that cycle, and covered customer losses.
#bitmart #Crypto #token #week
4 hours ago
Spring, Texas-based Hewlett Packard Enterprise Company (HPE) delivers solutions that allow customers to capture, ****** yze, and act upon data seamlessly. Valued at $63.2 billion by market cap, the company provides servers, advanced storage products, high-performance computing, AI-driven platforms, and more. The global technology leader is expected to announce its fiscal third-quarter earnings for 2026 in the near term.
Ahead of the event, ****** ysts expect Hewlett Packard Enterprise to report a profit of $0.80 per share on a diluted basis, up 128.6% from $0.35 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Dear ****** eX Stock Fans, Mark Your Calendars for August 6
Amazon Stock Just Hit a Major Hurdle Ahead of Earnings
Elon Musk Just Revealed a Quiet Win for Tesla's AI Ambitions
#Share #spring
Ahead of the event, ****** ysts expect Hewlett Packard Enterprise to report a profit of $0.80 per share on a diluted basis, up 128.6% from $0.35 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Dear ****** eX Stock Fans, Mark Your Calendars for August 6
Amazon Stock Just Hit a Major Hurdle Ahead of Earnings
Elon Musk Just Revealed a Quiet Win for Tesla's AI Ambitions
#Share #spring
5 hours ago
U.S. stock futures moved higher on Monday as investors welcomed signs of a pause in hostilities between the United States and Iran, helping to ease pressure on energy markets ahead of a crucial week for corporate earnings and central bank decisions.
By 05:49 GMT, Dow Jones futures had gained 398 points, or 0.8%, while S&P 500 futures were up 66 points, or 0.9%. Nasdaq 100 futures led the advance, climbing 406 points, or 1.4%.
Wall Street ended last week on a mixed note as rising oil prices and geopolitical uncertainty weighed on investor sentiment. However, indications that the White House is seeking to avoid a broader military escalation have improved market confidence, pushing oil prices lower while supporting both equities and bond markets.
Investors are now turning their attention to one of the busiest weeks of the earnings season, with around one-third of S&P 500 companies scheduled to publish quarterly results. Overall earnings are forecast to increase by approximately 26.5% compared with the same period last year.
Several of the world's largest technology companies are due to report this week, including Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). Their results are expected to provide fresh insight into whether the rapid pace of investment in artificial intelligence infrastructure can continue, as markets increasingly debate the long-term profitability of AI-related spending.
#points #investors #prices
By 05:49 GMT, Dow Jones futures had gained 398 points, or 0.8%, while S&P 500 futures were up 66 points, or 0.9%. Nasdaq 100 futures led the advance, climbing 406 points, or 1.4%.
Wall Street ended last week on a mixed note as rising oil prices and geopolitical uncertainty weighed on investor sentiment. However, indications that the White House is seeking to avoid a broader military escalation have improved market confidence, pushing oil prices lower while supporting both equities and bond markets.
Investors are now turning their attention to one of the busiest weeks of the earnings season, with around one-third of S&P 500 companies scheduled to publish quarterly results. Overall earnings are forecast to increase by approximately 26.5% compared with the same period last year.
Several of the world's largest technology companies are due to report this week, including Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). Their results are expected to provide fresh insight into whether the rapid pace of investment in artificial intelligence infrastructure can continue, as markets increasingly debate the long-term profitability of AI-related spending.
#points #investors #prices
5 hours ago
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Ryder System is seeing more opportunities surface for its dedicated transportation solutions segment as capacity continues to exit the market, executives shared during the company's Q2 earnings call held July 23.
Operating revenue for the segment fell 3% year over year in Q2, but Ryder expects its fleet count to turn positive in Q4 or early 2027 as sales activity strengthens.
"Our pipelines are at record levels for us right now," CEO John Diez said during the call. "We've seen a number of opportunities come back where customers have been running their transportation with for-hire carriers, and they're looking for dedicated capacity and coming back to us."
Ryder's dedicated transportation solutions business — which provides customers with dedicated fleets, drivers and transportation services under longer-term contracts — is seeing demand improve although the recovery has yet to translate into fleet growth.
#dedicated #Transportation
Ryder System is seeing more opportunities surface for its dedicated transportation solutions segment as capacity continues to exit the market, executives shared during the company's Q2 earnings call held July 23.
Operating revenue for the segment fell 3% year over year in Q2, but Ryder expects its fleet count to turn positive in Q4 or early 2027 as sales activity strengthens.
"Our pipelines are at record levels for us right now," CEO John Diez said during the call. "We've seen a number of opportunities come back where customers have been running their transportation with for-hire carriers, and they're looking for dedicated capacity and coming back to us."
Ryder's dedicated transportation solutions business — which provides customers with dedicated fleets, drivers and transportation services under longer-term contracts — is seeing demand improve although the recovery has yet to translate into fleet growth.
#dedicated #Transportation
5 hours ago
After years of record-breaking growth, major market indexes are stagnating. The S&P 500 (SNPINDEX: ^GSPC) is down 0.42% over the past month, as of this writing, while the tech-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) has sunk by nearly 2% in that time.
Some market indicators are also raising red flags over valuations. The S&P 500 Shiller CAPE Ratio, for instance, is the highest it's been since the dot-com bubble, suggesting the index is trading at a premium. The Buffett indicator is also at a record high of 236%. For context, Warren Buffett himself noted that when this indicator nears 200%, investors are "playing with fire."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Now, this doesn't mean that a bear market is around the corner. But downturns are a normal part of the market's cycle, so it's not a matter of if we face a pullback, but when. Here's my number one piece of advice about how to prepare right now.
Volatility could be looming, but a century's worth of history proves one thing: The investors who win out are those who stay invested for the long haul.
#buffett
Some market indicators are also raising red flags over valuations. The S&P 500 Shiller CAPE Ratio, for instance, is the highest it's been since the dot-com bubble, suggesting the index is trading at a premium. The Buffett indicator is also at a record high of 236%. For context, Warren Buffett himself noted that when this indicator nears 200%, investors are "playing with fire."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Now, this doesn't mean that a bear market is around the corner. But downturns are a normal part of the market's cycle, so it's not a matter of if we face a pullback, but when. Here's my number one piece of advice about how to prepare right now.
Volatility could be looming, but a century's worth of history proves one thing: The investors who win out are those who stay invested for the long haul.
#buffett
5 hours ago
The European Commission (EC) has approved Saica Group's acquisition of Thimm Group plants in Germany, Poland, the Czech Republic and Romania.
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
5 hours ago
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The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
5 hours ago
WESTFIELD — Colts general manager Chris Ballard tried to characterize the team's offseason interest in former Lions cornerback Terrion Arnold as part of an effort to leave no stone unturned.
Arnold's agent, Nicole Lynn, told a Florida court that the Colts were one of four teams who'd expressed interest in Arnold, who is awaiting trial on felony kidnapping and robbery charges after a June arrest.
Houston worked out Arnold in July, and Lynn also said the Seahawks and Jets were interested.
"We look at every player that hits the market," Ballard said. "Every player."
Ballard defended the team's interest by saying that Arnold's guilt hasn't been determined yet.
#Ballard #every #lions
Arnold's agent, Nicole Lynn, told a Florida court that the Colts were one of four teams who'd expressed interest in Arnold, who is awaiting trial on felony kidnapping and robbery charges after a June arrest.
Houston worked out Arnold in July, and Lynn also said the Seahawks and Jets were interested.
"We look at every player that hits the market," Ballard said. "Every player."
Ballard defended the team's interest by saying that Arnold's guilt hasn't been determined yet.
#Ballard #every #lions
5 hours ago
The Red Sox made an initial strike on the trade market this weekend when they made the 1-for-1 deal that sent lefty starter Connelly Early to the Nationals for breakout star Curtis Mead. It appears they aren't done, either. Here's what we're hearing on Boston's plans ahead of the trade deadline, which is Monday (August 3) at 6 p.m. ET.
º The Red Sox are keeping an open mind ahead of Monday, but according to major league officials, they're targeting three main needs. First, the club — like every contender this time of year — is interested in adding pitching depth, not just at the back end of the rotation but also in the bullpen. Secondly, catching upgrades remain on the table. Lastly — and perhaps most surprisingly — the club is in the shortstop market.
The addition of Mead at second base hasn't stopped Breslow from continuing to look for an infield bat and one rival evaluator said the belief is that the Red Sox are looking for a "long-term" option at shortstop. The market is rich with big-name candidates who may or may not move, including the Angels' Zach Neto, Houston's Jeremy Peña, the Mets' Francisco Lindor and Washington's C.J. Abrams. Considering the potential pending lockout — and a very poor position player class in free agency this winter — Boston may be looking at this deadline as an opportunity to settle that position.
That search comes with its complications. Landing a shortstop would signal the Red Sox waving the white flag on Trevor Story, whose Red Sox tenure has been defined by injuries but also a massive amount of respect for the leadership he brings. Adding Mead and a shortstop makes the pathway to regular at-bats much less clear for Marcelo Mayer moving forward. And perhaps most strikingly, it further clogs the pipes ahead of the arrival of top prospect Franklin Arias, who was just promoted to Triple-A.
"Not sure why (they're in that market) with Arias coming," said one rival scout.
#market #mead
º The Red Sox are keeping an open mind ahead of Monday, but according to major league officials, they're targeting three main needs. First, the club — like every contender this time of year — is interested in adding pitching depth, not just at the back end of the rotation but also in the bullpen. Secondly, catching upgrades remain on the table. Lastly — and perhaps most surprisingly — the club is in the shortstop market.
The addition of Mead at second base hasn't stopped Breslow from continuing to look for an infield bat and one rival evaluator said the belief is that the Red Sox are looking for a "long-term" option at shortstop. The market is rich with big-name candidates who may or may not move, including the Angels' Zach Neto, Houston's Jeremy Peña, the Mets' Francisco Lindor and Washington's C.J. Abrams. Considering the potential pending lockout — and a very poor position player class in free agency this winter — Boston may be looking at this deadline as an opportunity to settle that position.
That search comes with its complications. Landing a shortstop would signal the Red Sox waving the white flag on Trevor Story, whose Red Sox tenure has been defined by injuries but also a massive amount of respect for the leadership he brings. Adding Mead and a shortstop makes the pathway to regular at-bats much less clear for Marcelo Mayer moving forward. And perhaps most strikingly, it further clogs the pipes ahead of the arrival of top prospect Franklin Arias, who was just promoted to Triple-A.
"Not sure why (they're in that market) with Arias coming," said one rival scout.
#market #mead
5 hours ago
The company spent the past year going from survival questions to one of the market's biggest gainers, which makes its retreat from the high the more interesting story.
What Changed To Send Intel (INTC) Up More Than Fourfold?
Over the past year, Intel stock more than quadrupled, climbing about 308%, while the broader market managed nearly 18%. The move was not built on hope. By the company's own account, the conversation flipped from whether Intel could survive to how fast it can add capacity to keep up with demand. Revenue over the last twelve months reached about $57 billion and grew 7.5%, an acceleration from a three-year average near 2%. The businesses tied to AI now make up about 60% of revenue and grew 40% year over year, and management says the CPU is reclaiming ground inside AI systems, with the ratio of processors to accelerators shifting from one-in-eight toward one-in-four.
Is This Just The AI Chip Trade Lifting Everything?
Only partly. AMD rode the same wave and roughly tripled, up about 222%, but Nvidia gained only about 19% and Qualcomm about 7% over the same stretch, a fraction of that. The gains concentrated in the two biggest movers, and Intel outran even AMD. What set it apart was progress in its own factories: management says its 18A manufacturing process is yielding ahead of internal plans, and the company has pointed to multiyear deals with customers such as Google, a slot for its Xeon server chips inside Nvidia's flagship AI systems, and a headline tie-up with Elon Musk's ventures.
#year #inside
What Changed To Send Intel (INTC) Up More Than Fourfold?
Over the past year, Intel stock more than quadrupled, climbing about 308%, while the broader market managed nearly 18%. The move was not built on hope. By the company's own account, the conversation flipped from whether Intel could survive to how fast it can add capacity to keep up with demand. Revenue over the last twelve months reached about $57 billion and grew 7.5%, an acceleration from a three-year average near 2%. The businesses tied to AI now make up about 60% of revenue and grew 40% year over year, and management says the CPU is reclaiming ground inside AI systems, with the ratio of processors to accelerators shifting from one-in-eight toward one-in-four.
Is This Just The AI Chip Trade Lifting Everything?
Only partly. AMD rode the same wave and roughly tripled, up about 222%, but Nvidia gained only about 19% and Qualcomm about 7% over the same stretch, a fraction of that. The gains concentrated in the two biggest movers, and Intel outran even AMD. What set it apart was progress in its own factories: management says its 18A manufacturing process is yielding ahead of internal plans, and the company has pointed to multiyear deals with customers such as Google, a slot for its Xeon server chips inside Nvidia's flagship AI systems, and a headline tie-up with Elon Musk's ventures.
#year #inside
5 hours ago
New vehicle sales in Thailand expanded by 17% to 58,724 units in June 2026, up from 50,079 units a year earlier, according to the latest data released by the Federation of Thai Industries (FTI). The market was driven higher by continued strong demand for passenger battery electric vehicles (BEVs), sales of which surged by 140% year-on-year to 22,275 units last month, while sales of internal combustion engine (ICE) passenger vehicles declined by 34% to 8,114 units.
The Thai domestic vehicle market continued to recover last month, supported by a pick-up in economic activity in the country in recent months. The latest government data show that GDP growth accelerated to 2.8% year-on-year in the first quarter of 2026, up from 2.5% in the fourth quarter of 2025, helped by a sharp rise in government spending and stronger private investment growth, while private consumption growth eased slightly.
In the first six months of 2026, Thailand's domestic vehicle market expanded by almost 15% to 346,966 units, from 302,694 units a year earlier. Sales of pickup trucks fell by 4% to 71,271 units in this period, while sales of light passenger vehicles increased by 22% to 261,319 units, driven mainly by a 93% surge in mostly Chinese battery electric vehicle (BEV) sales to 104,418 units and a 21% increase in hybrid electric vehicle sales to 81,502 units, while sales of internal combustion engine (ICE) passenger vehicles fell by 25% to 54,506 units.
Vehicle production in the country fell by 1% to 717,212 vehicles year-to-date, reflecting an 8% drop in exports to 421,144 units, with shipments to markets in the Middle East disrupted by the US-Iran conflict.
The FTI said it expects vehicle production in the country to reach 1.45 million units in 2026, including 550,000 for sale domestically and 900,000 for export. GlobalData is forecasting light vehicle sales to rise by 5% to 647,000 units this year, after growing by 9% to 618,000 units in 2025, followed by a 5% rise to 679,000 units in 2027.
#passenger
The Thai domestic vehicle market continued to recover last month, supported by a pick-up in economic activity in the country in recent months. The latest government data show that GDP growth accelerated to 2.8% year-on-year in the first quarter of 2026, up from 2.5% in the fourth quarter of 2025, helped by a sharp rise in government spending and stronger private investment growth, while private consumption growth eased slightly.
In the first six months of 2026, Thailand's domestic vehicle market expanded by almost 15% to 346,966 units, from 302,694 units a year earlier. Sales of pickup trucks fell by 4% to 71,271 units in this period, while sales of light passenger vehicles increased by 22% to 261,319 units, driven mainly by a 93% surge in mostly Chinese battery electric vehicle (BEV) sales to 104,418 units and a 21% increase in hybrid electric vehicle sales to 81,502 units, while sales of internal combustion engine (ICE) passenger vehicles fell by 25% to 54,506 units.
Vehicle production in the country fell by 1% to 717,212 vehicles year-to-date, reflecting an 8% drop in exports to 421,144 units, with shipments to markets in the Middle East disrupted by the US-Iran conflict.
The FTI said it expects vehicle production in the country to reach 1.45 million units in 2026, including 550,000 for sale domestically and 900,000 for export. GlobalData is forecasting light vehicle sales to rise by 5% to 647,000 units this year, after growing by 9% to 618,000 units in 2025, followed by a 5% rise to 679,000 units in 2027.
#passenger
5 hours ago
The BitMart and BitMEX shutdowns have drawn bullish reactions, with ******* ysts calling the closures a healthy reset.
BitMart began winding down on Sunday, three days after BitMEX confirmed its own exit. AscendEX closed on July 1, bringing the total number of exchange closures this month to 3.
Moonrock Capital founder and managing partner Simon Dedic argued that the recent closures of several centralised crypto exchanges reflect deeper flaws in the industry's business model.
"The extraction model has a fatal flaw: it needs a steady supply of victims. When those dry up, so does the business. One of the underrated perks of a brutal bear: the market is actually healing," he noted.
Ran Neuner, CEO of Crypto Banter, made a cycle-timing argument instead. According to him,
#bitmart #business #model #moonrock
BitMart began winding down on Sunday, three days after BitMEX confirmed its own exit. AscendEX closed on July 1, bringing the total number of exchange closures this month to 3.
Moonrock Capital founder and managing partner Simon Dedic argued that the recent closures of several centralised crypto exchanges reflect deeper flaws in the industry's business model.
"The extraction model has a fatal flaw: it needs a steady supply of victims. When those dry up, so does the business. One of the underrated perks of a brutal bear: the market is actually healing," he noted.
Ran Neuner, CEO of Crypto Banter, made a cycle-timing argument instead. According to him,
#bitmart #business #model #moonrock
5 hours ago
After another frenetic week in the markets, investors are preparing on Monday to step into a new five-day stretch that might get even busier, with a ream of Big Tech earnings, a Fed decision, and rapidly worsening conditions in the Middle East all front and center.
The S&P 500 (^GSPC) closed out Friday 0.1% in the green, for a loss of 0.6% on the week. The Dow (^DJI) gained 0.6% on Friday to close the week 0.4% down, while the Nasdaq (^IXIC) slid 0.6% on Friday, for a weekly loss of 2.1%.
Earnings from four of the "Magnificent Seven" Big Tech leaders headline the week: Microsoft (MSFT) and Meta (META) on Wednesday, then Apple (AAPL) and Amazon.com (AMZN) on Thursday.
As was true for earnings last week from Alphabet and Tesla, there's one big question looming over the Magnificent Seven's second quarter reports: How much are you spending, and, crucially, what are you getting for it? Can you show real return on investment?
But it's not all about the Magnificent Seven as investors step into the busiest week of the quarter.
#Friday #meta
The S&P 500 (^GSPC) closed out Friday 0.1% in the green, for a loss of 0.6% on the week. The Dow (^DJI) gained 0.6% on Friday to close the week 0.4% down, while the Nasdaq (^IXIC) slid 0.6% on Friday, for a weekly loss of 2.1%.
Earnings from four of the "Magnificent Seven" Big Tech leaders headline the week: Microsoft (MSFT) and Meta (META) on Wednesday, then Apple (AAPL) and Amazon.com (AMZN) on Thursday.
As was true for earnings last week from Alphabet and Tesla, there's one big question looming over the Magnificent Seven's second quarter reports: How much are you spending, and, crucially, what are you getting for it? Can you show real return on investment?
But it's not all about the Magnificent Seven as investors step into the busiest week of the quarter.
#Friday #meta
5 hours ago
Northrop Grumman Corporation (NYSE:NOC) beat quarterly expectations, secured $20 billion in net awards, reported record backlog, and raised its 2026 sales and MTM-adjusted earnings forecasts. Yet the shares closed 2.23% lower at $512.29 on July 21.
The contradiction becomes clearer when the quality of the earnings beat is separated from the size of the order book. ***** ysts said a substantially lower tax rate drove much of the upside, while operating income declined in two of Northrop's four segments. The company also left its segment operating-income and adjusted free-cash-flow forecasts unchanged.
JPMorgan ***** yst Seth Seifman pointed to the market's "tendency to punish execution challenges." That appears to capture the reaction. Investors did not question whether Northrop can win more work. They questioned how much profit it can retain while delivering that work and expanding production.
Are the latest program charges temporary costs of meeting surging defense demand, or evidence that Northrop's backlog is growing faster than its ability to execute profitably?
The bull case is that Northrop's execution problems remain concentrated in a few programs, while the broader demand environment is becoming stronger.
#adjusted #forecasts #much
The contradiction becomes clearer when the quality of the earnings beat is separated from the size of the order book. ***** ysts said a substantially lower tax rate drove much of the upside, while operating income declined in two of Northrop's four segments. The company also left its segment operating-income and adjusted free-cash-flow forecasts unchanged.
JPMorgan ***** yst Seth Seifman pointed to the market's "tendency to punish execution challenges." That appears to capture the reaction. Investors did not question whether Northrop can win more work. They questioned how much profit it can retain while delivering that work and expanding production.
Are the latest program charges temporary costs of meeting surging defense demand, or evidence that Northrop's backlog is growing faster than its ability to execute profitably?
The bull case is that Northrop's execution problems remain concentrated in a few programs, while the broader demand environment is becoming stronger.
#adjusted #forecasts #much
5 hours ago
The U.S. dollar, euro and British pound enter a pivotal week as investors prepare for the Federal Reserve's July 29 to 30 meeting and the ECB's decision last week while new data comes through. Most **** ysts expect that the Fed will leave rates where they are, although the market will be watching out for clues from Chair Jerome Powell given that the latest US data has confirmed the strength of the economy.
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.
#market #inflation #england
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.
#market #inflation #england
