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💬 Money Quote: Mark Zuckerberg
The Wall Street Journal18d agoneutral
💬 Money Quote: Mark Zuckerberg

📣 “So far, I think that all the work around AI has net created a lot of jobs because there’s all this infrastructure that needs to get created...So that concern hasn’t exactly played out the way that people feared it might.

China Shock Just Came for Your Portfolio
The Wall Street Journal18d agoneutral
China Shock Just Came for Your Portfolio

If stock prices are your go-to economic barometer then you could be forgiven for ignoring the original “China Shock” a quarter-century ago. Manufacturing job losses in machinery, textiles, electronics and furniture slammed parts of the U.S. after China joined the World Trade Organization in 2001. There’s even a strong case that China’s industrial rise was a major tailwind for stocks overall.

Stocks to Watch: Ford, Hermes, Microsoft, Meta
The Wall Street Journal18d agoneutral
Stocks to Watch: Ford, Hermes, Microsoft, Meta

↗️ Ford Motor (F): Despite posting a drop in second-quarter revenue, the automaker boosted its full-year earnings outlook. Shares climbed more than 4% premarket. ↗️ Kering (FR:KER): Shares in Gucci’s parent company jumped more than 11% after revenue rose, signaling a recovery after years of weak demand.

SK Hynix Proves That Sometimes a 76% Profit Margin Isn’t Enough
The Wall Street Journal18d agoneutral
SK Hynix Proves That Sometimes a 76% Profit Margin Isn’t Enough

SK Hynix reported a record operating profit of 60.54 trillion won (about $41.66 billion) in the second quarter, up 557% from the a year earlier. Its operating margin was 76%, up from 41% a year earlier. Analyst expectations for operating profit were even higher, and the miss fueled investors' concerns that SK Hynix's rival Samsung is pricing its products more aggressively, Jefferies wrote.

Stock Futures Edge Higher as Fed Rate Decision Looms
Barrons.com18d agoneutral
Stock Futures Edge Higher as Fed Rate Decision Looms

Stocks were on track to open a touch higher Wednesday as investors shrugged off a rally in oil prices ahead of the Federal Reserve’s July interest-rate decision. Dow Jones Industrial Average futures climbed 41 points, or 0.1%. This could be a crucial day for the market, with the Fed set to announce its policy decision and mega-cap tech companies Meta and Microsoft due to report earnings after the closing bell.

Russia's FSB charges Telegram founder Durov with facilitating terrorism
Reuters18d agoneutral
Russia's FSB charges Telegram founder Durov with facilitating terrorism

MOSCOW, July 29 () - Russia's Federal Security Service (FSB) said on Wednesday that it had charged ‌Telegram founder Pavel Durov with facilitating terrorist ‌activities, and that it had issued an international warrant for ​his arrest. The FSB said that the charges related to Telegram's failure to remove material "used by Ukrainian special services and by terrorist and extremist organisations to ‌prepare and coordinate acts ⁠of sabotage and terrorism, mass killings, and cyber-fraud operations wit

As AI Anxiety Spreads, Hyperscaler Default Bets Are Spiking
Barrons.com18d agoneutral
As AI Anxiety Spreads, Hyperscaler Default Bets Are Spiking

Wall Street is paying top dollar to buy insurance against tech giants like Meta and Alphabet defaulting on their debt, in a sign that AI spending is seriously worrying the bond market. The five main data center operators— Alphabet Amazon.com Meta Platforms Microsoft and Oracle —are spending huge sums on the artificial intelligence buildout. For 2026, the aggregate free cash flow of the five hyperscalers is estimated to fall to negative $2.8 billion, from $187 billion in 2025.

Bloomberg18d agobearish
Korean Stocks See Record Wave of Trading Halts on Chip Selloff

(Bloomberg) -- South Korea’s stock selloff deepened as SK Hynix Inc.’s earnings disappointed, worsening the already‑jittery sentiment around artificial intelligenceMost Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeUEFA Considering Boycott of FIFA Tournaments in Brewing FeudThe benchmark K