Japan’s June Machine Orders Exceed Expectations
Japan reported a year‑on‑year increase of 16.9% in machine orders for June, well above the forecasted 10.8% rise. The data suggests a stronger-than‑anticipated rebound in the country’s manufacturing sector.
Crypto Firm Linked to Former President Secures Banking License
A cryptocurrency company with ties to former President Donald Trump obtained a banking charter. Democratic lawmakers have criticized the move, labeling it as self‑dealing, especially after the firm reported an $800 million windfall.
US Pending Home Sales Slip to Near‑Record Lows
Pending home‑sale contracts fell 2.3% in July, pushing the metric to its second‑lowest level on record. The western United States experienced a historic drop, with sales hitting a new record low for the region.
Berkshire Hathaway’s AI Bet Grows to Over One‑Third of Portfolio
Greg Abel, the designated successor to Warren Buffett at Berkshire Hathaway, disclosed that AI‑related equities now represent 34.7% of the conglomerate’s holdings. The two leading AI stocks have become a central component of the firm’s investment strategy.
Amylyx Shows 55% Share Surge After GLP‑1 Trial Success
Shares of Amylyx Pharmaceuticals jumped 55% after the company announced that its GLP‑1 blocker met every objective in its clinical trial, boosting expectations for regulatory approval.
Nvidia Commits $105 Billion to OpenAI’s Ohio Data Center
Nvidia pledged a massive $105 billion investment to support OpenAI’s new data‑center project in Ohio, underscoring the escalating race to build AI infrastructure.
Oil Prices Extend Gains; Brent and WTI Near Three‑Week Peaks
During Asian trading, both Brent and WTI crude rose for a fourth consecutive session, approaching their highest levels in three weeks. President Trump affirmed that the Strait of Hormuz remains open, while Iranian officials claim the waterway is closed. Meanwhile, Iraqi and Chinese shippers have begun rerouting cargo to avoid the strait, adding pressure to the market.
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