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Treasury Bond Fix Could Backfire, Warns JPMorgan
Bloomberg37d agoneutralVIDEO
Treasury Bond Fix Could Backfire, Warns JPMorgan

JPMorgan is warning that the US Treasury's surprise move to bring down long-term borrowing costs could make things worse. Scott Bessent's Treasury said yesterday it would at least double the size of its bond buybacks. That initially sent long-term yields lower. But JPMorgan says the move addresses the symptoms rather than the cause of America's ballooning debt pile. The bank warns that without real fiscal consolidation, investors could lose confidence and push borrowing costs even higher. The warning comes as US national debt has topped $40 trillion, raising the stakes as Washington continues to sell more securities. Our Markets Live Strategist Skylar Montgomery Koning joins Stephen Carroll and James Woolcock to discuss.

Visa, DOJ lawyers clash ahead of trial
Payments Dive37d agoneutral
Visa, DOJ lawyers clash ahead of trial

The government and card network are trading accusations of overly broad discovery requests and ‘gamesmanship’ in the DOJ’s debit card lawsuit.

Ant Group quarterly profits rise 1% on year
Reuters37d agoneutral
Ant Group quarterly profits rise 1% on year

Alibaba's financial subsidiary Ant Group's ‌quarterly profits rose ‌1% year-on-year to around ​4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters ‌calculations from ⁠Alibaba's quarterly earnings report showed. The fintech ⁠giant has been attempting to pivot towards ​agentic commerce, ​digital ​health and ‌embodied AI services in recent years, with its hugely popular AQ AI personal health app. It said ​in June that ​it ​spent a ‌record $5.17 billion on AI ​R&D ​in 2025.

Gains in AI company stakes juice second-quarter earnings for S&P 500
Reuters37d agoneutral
Gains in AI company stakes juice second-quarter earnings for S&P 500

S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies. The S&P 500 is on track for a 52% surge in aggregate second-quarter earnings from ‌the year before, helped by a 74% profit jump in the technology sector. The figures include big mark-to-market boosts at Alphabet and Amazon, ‌both of which recognized large gains in the period on investments in AI highfliers such as Anthropic.

Gains in AI company stakes juice second-quarter earnings for S&P 500
Reuters37d agoneutral
Gains in AI company stakes juice second-quarter earnings for S&P 500

S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies. The S&P 500 is on track for a 52% surge in aggregate second-quarter earnings from ‌the year before, helped by a 74% profit jump in the technology sector. The figures include big mark-to-market boosts at Alphabet and Amazon, ‌both of which recognized large gains in the period on investments in AI highfliers such as Anthropic.

Wolfspeed shares tumble after Q4 earnings miss and cautious outlook
InvestorsHub37d agobearish
Wolfspeed shares tumble after Q4 earnings miss and cautious outlook

Wolfspeed (NYSE:WOLF) shares fell sharply in premarket trading on Thursday after the semiconductor manufacturer delivered significantly weaker-than-expected fiscal fourth-quarter results, extending the selloff that began following Wednesday evening’s earnings announcement. The stock dropped 10.

Alibaba reports 9% rise in quarterly revenue
Reuters37d agobearish
Alibaba reports 9% rise in quarterly revenue

China's Alibaba on Thursday reported a 9% rise in quarterly ‌revenue, as strong demand for AI services ‌fueled growth in its cloud business, while an extended "618" ​shopping festival boosted its core e-commerce unit. As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and ‌run those systems ⁠has surged, benefiting China's largest technology companies. Alibaba, the country's biggest cloud services ⁠provider, has stepped up investment in AI infrastructure, proprietary models and applications, positioning the technology ​as ​a key growth driver ​for its cloud ‌and consumer businesses.

Australia passes law to levy tech giants that fail to pay for local news
Reuters37d agoneutral
Australia passes law to levy tech giants that fail to pay for local news

Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in ‌levies if they fail to strike commercial deals with local ‌media outlets for news on their platforms. Proceeds from the scheme would be directed to local Australian news outlets, whose content helps drive user engagement and advertising revenue on the tech firms' platforms. The levy applies to Meta, Alphabet's Google, ‌TikTok and Microsoft's LinkedIn, ⁠covering companies with a "significant" social media or search service in Australia, and local advertising revenue exceeding A$250 million ($178 million).

European Indexes Mixed, Autos Rally
The Wall Street Journal37d agobullish
European Indexes Mixed, Autos Rally

European stock indexes were mixed, with gains in autos and semiconductors unable to lift the lift the Europe-wide Stoxx 600 index.