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Dow Drops 700 Points as Treasury Bid to Tame Yields Fails
US stocks sold off sharply, with the Dow tumbling 700 points after a Treasury plan to subdue bond yields failed and bond market stress returned, dragging Walmart shares lower too.
Walmart Stock Falls 9% Despite Beat, Raised Outlook
Walmart's stock fell about 9% Thursday after the retailer reported U.S. comparable sales growth of 2.6% — well below the 3.5% analysts expected — overshadowing an otherwise better-than-expected quarte
Bessent says Treasury buyback operation could be more than $4 billion
Treasury Secretary Bessent told CNBC that an accelerated government-debt buyback could exceed the announced $4 billion per issue, aiming to calm surging long-end yields that have pushed the 30-year bo
Evergrande Founder Hui Ka Yan Gets Life Sentence
**Hui Ka Yan**, founder of China Evergrande Group, was sentenced to life in prison by a Chinese court on Thursday — five years after the world's most-indebted property developer collapsed and rattled
Alibaba shares fall 5% as AI spending drives 75% drop in net income
Alibaba shares dropped 4.6% in U.S. trading after the Chinese tech giant posted a 75% plunge in quarterly net profits, with capital expenditure climbing to $10 billion as it ramps up spending on AI co
Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom - Bloomberg.com
Alibaba posted 9% quarterly revenue growth even as shares fell 5% on heavy AI spending that drove a 75% drop in net income.
Charter Closes $34.5B Cox Deal, Spectrum Hits 45 States
Charter Communications closed its $34.5 billion acquisition of Cox Communications, creating a combined cable and broadband company with 37 million subscribers and a Spectrum footprint spanning 45 stat
New Force Drives U.S. Inequality; AI Tax Hopes Hedge
Coverage across The Washington Post, The New York Times, CEPR, and the Baton Rouge Business Report frames AI as a new economic force widening American inequality, while exploring whether AI-driven tax
Treasury Yields Rebound After Buyback Hike
Treasury yields erased earlier declines as markets shrugged off the department's bond buyback expansion, highlighting skepticism about the intervention's long-term impact amid rising U.S. debt and cor
Stocks Stall as Bond Yields Rise; Walmart Drops Post-Earnings
US stock indices struggled for direction as bond yields climbed higher, with Walmart sliding after reporting its latest quarterly results.
Kalshi Files for Copper Perpetual Futures with CFTC
Kalshi filed with the CFTC to launch COPPERPERP, a perpetual futures contract tracking copper's spot price using Pyth Network data, pushing deeper into commodity derivatives as its event-based predict
Walmart’s strong quarterly results tempered by tepid full-year outlook
Walmart posted stronger-than-expected Q2 results but its cautious full-year EPS outlook sent shares down nearly 6% pre-market, as the retail bellwether braces for a cooling consumer.
EXCLUSIVE: More than 150 Polymarket wallets may have traded on military secrets, research finds - Reuters
Research identified more than 150 Polymarket wallets that may have traded on classified military information, prompting calls for a probe into potential insider betting on the prediction platform.
Webull Posts Record $198M Q2 Revenue as Crypto Tops 1%
Online brokerage Webull posted record Q2 2026 revenue of $198 million, up 51% year-over-year, but cryptocurrency trading contributed just $2.25 million — about 1% of the total.
KOSPI Surges 6% as SK Hynix, Samsung Lead Chip Rally
Asian stocks rallied broadly, led by South Korea's KOSPI surging nearly 6% as chip makers SK Hynix (+12%) and Samsung (+9%) surged on easing US Treasury yields following government buybacks.
Treasury Bond Intervention Lifts Bonds, Hurts Dollar
The US Treasury intervened to push down long-term bond yields after an alarmed bond market pressured the Trump administration to act, prompting a bond recovery while Bloomberg flags the dollar as the
Iran Adviser Pushes Back on Trump's Collapse Claim
A former Central Bank of Iran adviser warned against viewing Iran's economy as on the verge of collapse, while acknowledging the UAE's decision to halt trade could deepen GDP contraction to roughly -5
US national debt hits $40 trillion, rising by $90K per second - WJLA
The US national debt has crossed $40 trillion for the first time, with multiple outlets tracking the milestone and reporting a rate of roughly $90,000 per second in new borrowing.
Singapore's Temasek is on a hot streak in India as three bets surge after IPOs
Three Temasek-backed Indian companies surged 30%+ after listing this week, bucking a $19 billion foreign investor exodus and India's bottom-of-Asia ranking in BofA's latest fund manager survey.
Walmart will report second-quarter earnings before the bell. Here's what to expect - CNBC
Walmart is set to release its second-quarter earnings before the opening bell on August 20th, with traders already positioning for a notable post-earnings stock move and at least one outlet flagging t
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