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Evercore ISI has removed Meta Platforms from its top stock picks list, cutting the price target from $930 to $820. While maintaining an 'Outperform' rating, the move suggests revised expectations for near-term growth or valuation, prompting market scrutiny.
Read MoreCoinbase announces the upcoming launch of Brent Crude and WTI Crude Oil perpetual contracts, marking its entry into commodity derivatives. Trading is scheduled to begin after 17:00 Beijing Time on August 3, providing crypto-native exposure to global oil markets.
Read MoreIranian sources indicate the recent attack on Egypt's Damietta Port was a deliberate demonstration of Tehran's ability to disrupt vital global shipping lanes, highlighting how regional tensions are threatening international trade corridors.
Read MoreSituational Awareness, an AI-focused hedge fund founded by a former OpenAI researcher, has suffered significant losses due to a broad sell-off in AI-related stocks. Several of its core long holdings have plunged over 40%, with its largest bullish bet down nearly 46%.
Read MoreSamsung Electronics unveiled an 800 billion won strategic investment plan to fund semiconductor startups and future DX technologies through dedicated funds. The move aims to build collaborative ecosystems and strengthen long-term competitiveness in core innovation areas.
Read MoreA decentralized trading platform recently reported a record-breaking single-period revenue of nearly $360,000. In a parallel move, the platform has allocated an equivalent amount to its community assistance fund, signaling a commitment to balancing growth with ecosystem support.
Read MoreFollowing the Fed's decision to hold rates without clear forward guidance, UK 30-year bond yields surged to a one-week high, mirroring a spike in US long-term yields. Analysts see this as a market protest against inflation risks and policy uncertainty.
Read MoreThe Hong Kong SFC has issued a restriction notice to Futu Securities, freezing over HK$125 million in client assets linked to suspected IPO fraud. The action targets a scheme to create false demand for IPO shares. Futu itself is not under investigation.
Read MoreSwiss Life Asset Managers has significantly increased its stake in MicroStrategy (MSTR) by 38%, now holding 37,889 shares valued at $3.55 million. This move highlights growing institutional interest in gaining Bitcoin exposure through publicly traded companies.
Read MoreThe Korea Exchange examined the technical feasibility of temporarily banning short-selling and adjusting price limits to address recent market volatility. While driven by investor losses and political pressure, such measures could conflict with South Korea's goal of attaining MSCI developed market status. No official government request has been made.
Read MoreAmazon shares rose 2.5% in pre-market trading ahead of its Q2 earnings release. Analysts project revenue near $196.9B and EPS of $1.82, with AWS growth seen as the key catalyst for stock movement.
Read MoreARM reported better-than-expected Q1 FY2027 results but issued cautious Q2 guidance, citing potential weakness in smartphone-related royalty revenue. This outlook disappointed optimistic investors, triggering a significant pre-market stock decline.
Read MorePre-market trading on July 30 saw a broad decline in U.S.-listed storage chip stocks, with SK Hynix falling over 4%. While Micron and SanDisk also dipped, Silicon Motion surged more than 9%, highlighting a divergent market sentiment.
Read MoreGoldman Sachs reports Asia-focused equity hedge funds suffered their worst monthly loss on record in July, averaging an 18.6% decline. Funds that previously gained from heavy AI stock bets were hit hardest by the recent sell-off, prompting aggressive risk reduction.
Read MoreTo replenish depleted weapons stockpiles amid global conflicts, the Pentagon is shifting to multi-year contracts worth over $170 billion for missiles and submarines. This strategy aims to incentivize defense contractors to expand production capacity through long-term orders.
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