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The brief rally in US 30-year Treasuries following the repurchase announcement has reversed. Yields jumped 6 basis points to 5.26%, erasing all gains since the plan was unveiled, signaling a market reassessment of long-term interest rate outlook.
Read MoreMicron Technology has announced a long-term US investment plan exceeding $250 billion, aimed at creating tens of thousands of jobs and driving technological innovation. The company also launched the 'Micron Research Lab,' committing $10 billion over the next decade to lead future advancements in memory technology and artificial intelligence.
Read MoreSan Francisco Fed President Mary Daly stated there's currently no need for the central bank to raise interest rates sooner than expected. She emphasized that policy is restrictive and working to bring inflation down, with data on prices and the labor market being key. Rate cuts this year remain a possibility, calming market fears of a hawkish pivot.
Read MoreAlibaba CEO Wu Yongming announced that $190 billion has been invested in AI infrastructure under a three-year plan. CapEx is projected to break even within three years at current gross margins, with potential for faster returns if profitability improves.
Read MoreSpot silver plunged over 2% on August 20, hitting $65.63 per ounce, while gold fell 1.57% to $4451.90. The simultaneous decline in both precious metals suggests a potential shift in market risk sentiment or pressure from a strengthening US dollar.
Read MoreHudson River Trading has entered a multi-billion dollar strategic agreement with AI cloud provider Coreweave. The deal secures dedicated computing infrastructure for Hudson River's advanced AI research, highlighting how financial firms are aggressively investing in scarce compute resources to fuel their artificial intelligence ambitions.
Read MoreOn August 20, the USDC Treasury minted 250 million USDC stablecoins on the Solana blockchain in a single transaction. This substantial issuance is viewed as a major liquidity injection, potentially indicating institutional movement or growing DeFi demand, with significant implications for Solana's ecosystem and broader crypto markets.
Read MoreAlibaba reported Q1 2027 results, with CEO Wu Yongming highlighting AI as Alibaba Cloud's core growth engine. AI-related products achieved over RMB 49.5 billion ($7.3B) in annualized revenue, accounting for 35% of cloud's external commercial revenue, with higher profit margins than average cloud products.
Read MoreEthereum (ETH) has surged past $2,300, marking a remarkable 24-hour gain of over 20%. This article explores the drivers behind the rally, analyzes the current high-volatility market environment, and offers crucial risk management insights for traders navigating the momentum.
Read MoreWTI crude oil jumped 3% to $86.77 per barrel in today's trading, while Brent crude rose 2.7% to $92.44. The rally reflects shifting market dynamics, with traders weighing supply-demand factors and broader economic signals.
Read MoreMeta Platforms has quietly become one of Microsoft Azure's largest AI customers, committing billions of dollars to its cloud services. This strategic investment, which boosted both companies' pre-market stock prices, signals a deepening alliance in AI infrastructure that could reshape competitive dynamics in the artificial intelligence sector.
Read MoreAlibaba's latest earnings reveal accelerated AI commercialization, driving core growth. Cloud external revenue surged 45%, the fastest pace in 22 quarters. AI product revenue grew triple-digits for the 12th consecutive quarter. Consumer sector also showed strength, with instant retail up 45%.
Read MoreAlibaba Group CEO Wu Yongming announced that Alibaba Cloud's external commercial revenue growth accelerated to 45% this quarter, fueled by its full-stack AI capabilities. Notably, revenue from AI-related products has maintained triple-digit year-over-year growth for twelve consecutive quarters.
Read MorePop Mart's founder Wang Ning stated that due to last year's high base effect, the company is unlikely to achieve its 20% revenue growth target this year. 2026 is positioned as an operational adjustment year, with sales growth not being the primary focus. Performance pressure is expected to intensify in the second half.
Read MoreFutu Holdings reported Q2 2026 revenue of HK$7.2 billion, up 35.6% year-over-year. Total trading volume surged 78.8% to HK$6.42 trillion, with net profit rising 41.6% to HK$3.6419 billion, demonstrating robust business growth and market traction.
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