Finance

Total household debt fell to $18.8 trillion, but credit card balances surged by $21 billion to $1.26 trillion in the second quarter of 2026, reflecting pressure from inflation and near 21% interest rates.

The Lake Tahoe shopping centre and hotel owner lists assets and debts between $10 million and $50 million, citing failure to pay property taxes and provide insurance proof.

The Star 50 index has posted a 29% gain this year, lifting Chinese technology valuations to multiples of their American counterparts, according to the Financial Times.

The investment bank’s inclusion of the space giant alongside traditional tech giants underscores the expanding scale of global data centre and power buildouts.

The $2.34 trillion fund officially declares a 0.05% holding in Elon Musk’s rocket company, marking a departure from its passive index strategy while contrasting sharply with the active approaches of Gulf sovereign wealth funds.

Shares of Aurora Cannabis rally as Curaleaf proposes cash-and-stock deal, though board warns valuation falls short of recent trading levels.

A Financial Times analysis highlights a discrepancy between Israel’s self-image as a destination for immigrants and emerging trends of residents departing the country.

Strategic cost reductions signal intensifying competition as Chinese artificial intelligence companies gain ground against trillion-dollar US ambitions.

Bitcoin trades at $64,194 and Ethereum at $1,915.50 as investors digest weak jobs data and anticipate easing inflation figures.

Seniors face steeper costs for standalone plans while advocates push for expanded price negotiations to curb spending on top-selling brand-name medications.

The Securities and Exchange Commission alleges that Leor Moshe, Jacob Goldman, and Isaac Odes exploited community ties to raise capital for Capital Funding ASAP LLC, diverting millions for personal use and Ponzi-like payments.

Strong earnings and reaffirmed guidance support shareholder returns, but consensus sentiment has cooled from Strong Buy to Moderate Buy amid broader market underperformance.

Attacks on the coastal hub known for its beaches and nightlife are impeding trade flows, adding to regional supply chain pressures.

The United States has sold 30-year bonds at borrowing costs not seen in over two decades, with yields surging as investors demand higher premiums amid concerns over fiscal trajectories and price stability.

National averages shift as borrowing costs fluctuate, while refinance applications surge year-on-year following earlier rate declines.

With Required Minimum Distributions mandatory from age 73, strategic partial conversions can manage tax liabilities and preserve estate value for heirs.

Major currencies trade near technical thresholds as investors gauge the likelihood of further rate hikes amid geopolitical and economic uncertainty.

Despite a significant net loss driven by non-operating items, Bit Digital reports a 42% sequential rise in Cloud Services revenue and outlines plans for its NC1 facility.

Financial services firms are targeting employees at major artificial intelligence developers in anticipation of potential public listings, altering the traditional dynamic between advisors and clients.

Bill Ackman acquires S&P Global shares citing a refinancing wall, while Michael Burry increases his Adobe position, dismissing fears that generative tools will commoditise their core businesses.

Producer Price Index data reinforces easing inflation trends, reducing bets on a September Federal Reserve rate increase, though policymakers remain divided on the path forward.

Strong revenue growth and massive capital expenditure on graphics processing units underscore the scale of the AI build-out, temporarily easing investor concerns over market valuation.

Ray Dalio says prospective real returns for equities over the next five to ten years may be negative, ranging from -5% to -10%, and advises investors to avoid heavy exposure to AI stocks.

Cooling consumer inflation data has tempered bets on a September rate hike, while oil prices fall amid shifting geopolitical strategies in the Strait of Hormuz.

Strong June quarter earnings, surging Azure demand, and a rising paid user base for Microsoft 365 Copilot have propelled the stock past $500, prompting brokerages to raise price targets.

A new analysis from Yahoo Finance compares the mechanics of options and equities, noting that while both instruments offer profit potential, options trading carries a higher probability of total loss for buyers and unlimited risk for uncovered sellers.

A new analysis from Yahoo Finance details the structural dangers of options trading, distinguishing between capped losses for buyers and potential unlimited exposure for sellers of uncovered positions.

Boeing shares have traded just 2% above their start-of-year price in 2026, but Argus Research sees a 14% rally ahead driven by order backlog visibility and improving free cash flow.

The mega-raise follows a 25% surge in second-quarter revenue, with net proceeds of $19.7 billion earmarked for capital spending and working capital as the company accelerates its 18A node manufacturing capabilities.

Third-quarter revenue rose 16% to $109.4 billion, but analysts have trimmed 'Strong Buy' ratings citing a 35.7 times forward earnings multiple and expected supply constraints.

Investors are backing a record initial public offering for Anthropic, the creator of the Claude model, with expectations of a $2 trillion valuation despite ongoing operational challenges.

Despite a 40 per cent short interest driven by dilution and backlog conversion fears, Ondas Networks reports surging revenue and holds $1.47 billion in cash.

The US benchmark index has recovered from early-year lows driven by geopolitical tensions, but its current pricing metrics suggest significant risk for investors.

Wall Street scrutinises long-term profitability of quantum computing stocks as Quantinuum and Infleqtion release first public earnings.

The fast-food chain reports a 7% drop in US same-restaurant sales for the second quarter, with analysts forecasting no turnaround until early 2027.

The company reported $185.7 million in revenue, approved its Arkansas bromine facility funded by equity proceeds, and launched a new deepwater completion fluid amid broader market volatility.

Wall Street maintains a Moderate Buy consensus with a mean price target of $71.06, though sentiment has softened slightly from a month ago.

With 43 drawings without a winner, the next Powerball draw is set for Wednesday, 12 August. Investors and potential winners are advised to navigate complex tax brackets and FDIC insurance limits to protect their assets.

Leavitt, the youngest person to hold the role, oversaw a significant overhaul of media access protocols during her 18-month tenure.

Frontier AI firm locks in 20-year agreement with Texas-based Bitcoin miner and six-month-old Norwegian infrastructure startup, highlighting a broader industry shift towards diverse compute sources.

The beverage giant remains Berkshire’s third-largest holding, accounting for 9.8% of the portfolio, despite the incoming CEO’s increased allocation to technology stocks.

Adjusted diluted loss of $0.63 per share contrasts with $34 million in adjusted EBITDA; full-year 2026 guidance reaffirmed for both segments.

JPMorgan raises price target to $225 while consensus settles at Moderate Buy, reflecting confidence in long-term margins despite recent legal and operational headwinds.

The Netherlands-based chipmaker’s shares have trailed the S&P 500 and semiconductor peers over the past 52 weeks, weighed down by slowing Chinese vehicle demand and limited AI infrastructure exposure.