Norway's $2.3T sovereign wealth fund posted a record $184.3B profit in H1 2026, driven by Asian tech stocks and a $1.22B SpaceX stake.
CoreWeave lifted its 2026 capex forecast to $35B–$39B and beat Q2 estimates on soaring AI cloud demand, sending its shares up 14% after hours.
Google has appointed Koray Kavukcuoglu as Senior Vice President of Google DeepMind reporting directly to CEO Sundar Pichai while co-founder Demis Hassabis transitions to Chair, shifting the organization's focus from academic research to rapid product execution as it races to close the AI performance gap with OpenAI and Anthropic.
CoreWeave reported $2.58 billion in Q2 2026 revenue, a 112% increase year-over-year compared to $1.21 billion in Q2 2025.
Dutch bank ABN Amro raised its annual NII guidance to €6.8B following a Q2 beat, driven by higher interest rates and resilient consumer spending.
Intel raised $20 billion through an upsized share offering at $95/share to fund its contract manufacturing expansion and AI chip demand.
Tesla faces long odds getting Beijing's approval for FSD in China as new L3/L4 autonomous driving standards and data rules pose key hurdles.
Mortgage applications at Westpac fell 20% after Australia cut property tax breaks. Investor credit growth is expected to halve by 2027.
Jeff Bezos's group is near a deal for a 1/3 stake in Liverpool FC at a £4.4B valuation. FSG will retain majority control.
Microsoft plans to reveal its Maia 300 AI chip in September and buy 300,000+ units from TSMC by 2027 to cut Nvidia reliance.
Nvidia is planning to invest up to $3 billion in power infrastructure developer Lancium, the Texas-based company behind the Stargate data center campus.
Apple has published a guide allowing Mac users in mainland China to connect Alibaba's Qwen AI service to Siri and Writing Tools.
Sony and TSMC are investing $6.3 billion to jointly manufacture next-generation image sensors in Japan.
Germany's trade deficit with China widened to roughly €55 billion in the first half of 2026 as Beijing reduces its reliance on European manufacturing.
J.P. Morgan Raises S&P 500 Target J.P. Morgan has increased its year-end S&P 500 index target to 8,000 from 7,800, driven by strong corporate earnings and growing confidence in artificial intelligence investments.
U.S. copper futures reached a record $6.90/lb. The rally is driven by supply constraints, AI demand, and grid upgrades rather than broader economic growth.
Spot Bitcoin ETFs recorded $750M in inflows while crypto whales added $1.2B in BTC.
JPMorgan CEO Jamie Dimon warned that record-high public and hidden margin debt could trigger sudden market disruptions. However, he noted it is not yet a systemic threat.
A judge ordered Meta to pay $567 million over youth mental health harms in New Mexico.
Europe faces winter price spikes with gas storage at a 15-year low of 57%. Middle East conflicts have severely choked global LNG supplies.
SpaceX stock rose 6% as 900M+ shares unlocked Thursday, doubling public supply and testing investor demand.
Allianz Global Investors is purchasing UOB's asset management arm for $434 million to rapidly expand its wealth management footprint in the Asia-Pacific region. Key Takeaways: Regional Expansion: The acquisition pushes AllianzGI's regional assets past €170 billion, securing direct market access in Vietnam, Malaysia, and Thailand while reinforcing its presence in Singapore and Indonesia. Built-in Distribution: A core piece of the deal is a
Meta executives apologized to India's IT ministry for restricting PM Modi's post due to an operational error amid recent tensions.
Commerzbank posts a 94% Q2 net profit jump to €898M, beating expectations, amid a looming UniCredit takeover battle.