What’s stalling China’s stock market recovery, according to KraneShares’ CIO
With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.
Financial News
Brazil’s top court orders nationwide suspension of Elon Musk’s X
Brazil’s supreme court on Friday ordered a nationwide suspension of Elon Musk’s social network X after the company vowed to defy earlier court orders.
Warren Buffett leads Berkshire Hathaway to new heights at age 94
“It’s been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight,” Oaktree’s Howard Marks said.
Dell beats estimates as server sales soar 80%, riding AI wave
Dell said it recorded $3.1 billion of AI server sales in the quarter, up from $1.7 billion in the May quarter.
Nvidia reports 122% revenue growth on surging demand for data center chips
Nvidia reported second fiscal-quarter earnings Wednesday after the bell.
Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s processors.
Apple announces iPhone event for Sept. 9
The launch event will be streamed on Apple’s website and YouTube.
Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS
Boeing will return its capsule from the International Space Station without the NASA astronauts that Starliner delivered to orbit.
Meta says it found WhatsApp accounts linked to Iranian hackers targeting Biden, Trump officials
Meta said it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group targeting U.S. officials.
Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’
Powell laid the groundwork for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.