Jane Street, one of the world’s largest trading firms, suffered a $15 billion loss in July, its first monthly loss in about a decade.
• Warren Buffett’s Berkshire Hathaway increased its Alphabet $GOOGL investment by 83% to ~$37.8 billion, making it Berkshire’s third-largest stock holding.
• PayPal $PYPL rejected a $53 billion takeover offer from Stripe and private-equity firm Advent International.
• 🇮🇷🇴🇲 Iran and Oman agreed on a designated route for ships to safely pass through the Strait of Hormuz. However, the Strait remains closed for now.
• Global bond markets are flashing major warning signs as real borrowing costs surge across major economies.
• 🇺🇸🇨🇳 US government urges Apple $AAPL to stop buying memory chips from Chinese manufacturers.
• 🇰🇷 South Korea’s KOSPI is up more than 25% from its July 30 low, officially entering a technical bull market.
• Claude AI developer Anthropic is on track for its first profitable quarter, as revenue surges.
• 🇺🇸 US homebuyers fell to 966,752 in July, the lowest level on record.
• Warren Buffett’s Berkshire Hathaway increased its Alphabet $GOOGL investment by 83% to ~$37.8 billion, making it Berkshire’s third-largest stock holding.
• PayPal $PYPL rejected a $53 billion takeover offer from Stripe and private-equity firm Advent International.
• 🇮🇷🇴🇲 Iran and Oman agreed on a designated route for ships to safely pass through the Strait of Hormuz. However, the Strait remains closed for now.
• Global bond markets are flashing major warning signs as real borrowing costs surge across major economies.
• 🇺🇸🇨🇳 US government urges Apple $AAPL to stop buying memory chips from Chinese manufacturers.
• 🇰🇷 South Korea’s KOSPI is up more than 25% from its July 30 low, officially entering a technical bull market.
• Claude AI developer Anthropic is on track for its first profitable quarter, as revenue surges.
• 🇺🇸 US homebuyers fell to 966,752 in July, the lowest level on record.