Iran Says U.S. Considered Venezuela-Style Approach but Failed
Mostafa Izadi, Deputy Commander of Iran’s Revolutionary Guards, revealed that the United States had contemplated applying a Venezuela-style approach to Iran but ultimately did not proceed with it. Speaking publicly, Izadi stated that this move was considered but failed to materialize, highlighting the ongoing tensions and strategic maneuvering between Iran and the U.S. According to Izadi, the U.S. examined adopting tactics similar to those used in Venezuela, possibly involving economic sanctions or other pressure methods aimed at destabilizing Iran. However, he emphasized that these efforts did not succeed, implying that Iran was able to resist or counteract such strategies effectively. This statement underscores the geopolitical complexities and the persistent efforts by the U.S. to influence Iran's internal and external policies. The failure of such a plan suggests Iran’s resilience and the limitations of U.S. strategies in the region, reflecting the ongoing geopolitical chess game. The Iran-U.S. tensions remain a central focus in regional security discussions, with Iran asserting that it has successfully thwarted certain U.S. measures aimed at destabilization. The statement by Izadi adds to the narrative of a protracted and multifaceted confrontation between the two nations. #Iran #US #Geopolitics
STOCKS | Prosus and Naspers buy back shares for more than €81.3 million and R605.4 million
Prosus has repurchased 2.1 million shares at an average price of 39.3216 euros between August 10 and 14, totaling more than €81.3 million, which is approximately $94.0 million. The share buyback reflects the company's confidence in its valuation and strategic outlook as it seeks to return value to shareholders. Similarly, Naspers executed a buyback of 734,400 shares at an average price of 824.3362 South African rand during the same period. This purchase was valued at nearly 605.4 million rand, or over $37.4 million, demonstrating a significant commitment to share repurchases by the parent company. Both companies’ buyback programs are part of broader efforts to optimize capital allocation and support their stock prices amid fluctuating market conditions. The repurchases follow recent trading activity and signal their belief that their shares are undervalued or that they want to reinforce investor confidence. The substantial buyback figures underscore Prosus and Naspers' focus on shareholder value and their willingness to deploy large amounts of capital in repurchases. Market participants will be watching to see how these actions influence their stock performance and investor sentiment going forward. #ShareBuyback #Prosus #Naspers
STOCKS | Shaw Brothers Issues Profit Warning For First Half
Shaw Brothers Holdings has issued a profit warning for the first half of the year, indicating significant financial challenges. The company announced that its revenue is expected to be no less than RMB 18 million, representing an approximately 83% decline from RMB 106.4 million in the same period of 2025. The company also projected a net loss attributable to owners of at least RMB 9 million, contrasting sharply with a net profit of RMB 7 million during the same period last year. This forecast underscores the substantial deterioration in the company's financial performance and raises concerns about its operational stability. Shaw Brothers' decline in revenue and shift to a net loss highlight broader issues that may be affecting its business model or market environment. The company has not provided specific reasons for the downturn, but the sharp drop suggests significant headwinds, possibly from market conditions, operational challenges, or other external factors. Investors and stakeholders will likely scrutinize further developments and the company’s strategic responses to these disappointing projections. The profit warning signals a difficult period ahead for Shaw Brothers as it navigates through increasing financial pressures. #ShawBrothers #ProfitWarning #FinancialPerformance
Nick Timiraos: Cleveland Fed Survey Shows Executives Expect CPI Inflation to Ease to 3.3%
Executives surveyed by the Cleveland Federal Reserve expect Consumer Price Index (CPI) inflation to ease to 3.3% over the next year, according to recent remarks by Nick Timiraos. This forecast indicates a slight decline from the 3.7% inflation rate they anticipated in the second quarter, reflecting cautious optimism about inflation moderating in the near term. The survey also revealed that these business leaders foresee wage growth remaining relatively stable at around 2.8% over the next year, slightly down from 2.9% in last year’s survey. This suggests expectations of continued moderate wage increases without significant acceleration, which could influence overall inflation dynamics and consumer spending. Additionally, the surveyed executives expect employment levels to remain largely unchanged, signaling no major shifts in the labor market in the upcoming year. This outlook indicates a cautious stance on employment growth, aligning with broader economic uncertainty and ongoing adjustments in the job market. The survey also pointed out that growth in R&D spending is expected to slow, reflecting a more conservative approach to corporate investments amid economic headwinds. Overall, these insights from business leaders provide a nuanced picture of anticipated economic conditions and inflation trends in the near future. #Inflation #Economy #LaborMarket
STOCKS | Meta Platforms Hits Two-Week Low as Shares Fall 3.8%
Meta Platforms' shares declined sharply, touching a two-week low and closing at a loss of 3.8%. This move reflects ongoing investor concerns and market sentiment surrounding the social media giant, which has been under pressure amid broader tech sector volatility. The stock's recent fall is part of a broader sell-off in technology shares, but Meta has been particularly affected, possibly due to a combination of earnings uncertainty, regulatory challenges, or shifts in advertising revenue trends. The decline signals that investors remain cautious about the company’s near-term outlook despite its efforts to diversify and innovate within the digital advertising and metaverse spaces. Market analysts suggest that the decline also highlights the heightened sensitivity of Meta’s stock to macroeconomic factors and investor sentiment. As the company navigates competitive pressures and regulatory scrutiny, its stock may continue to experience volatility until clear signs of growth or stabilization emerge. Investors will likely keep a close eye on upcoming earnings reports, product launches, and any regulatory developments that could influence Meta’s valuation. The recent dip underscores the importance of cautious positioning in the stock amid uncertain market conditions. #Meta #StockMarket #TechStocks
NAR Chief Economist Lawrence Yun Says Peak U.S. Mortgage Rates in Mid-Summer Weighed on Contract Sig
Lawrence Yun, Chief Economist of the National Association of Realtors, noted that the highest U.S. mortgage rates of the year occurred in mid-summer, which had a noticeable impact on contract signings. He explained that these peak rates weighed heavily on homebuyers’ willingness or ability to commit, leading to a slowdown in home contract activity during that period. Despite the decline in contract signings, home prices continued to hover near record highs, reflecting persistent demand and limited supply in the housing market. Yun pointed out that homes for sale remained on the market longer than earlier in the year, indicating a shift towards a more balanced market with fewer bidding wars and less competition above asking prices compared to the previous year. He highlighted that the combination of high mortgage rates and elevated home prices is creating a challenging environment for prospective buyers. As borrowing costs reached their peak, many potential buyers hesitated or withdrew, which contributed to the slowdown in market activity and a cooling of rapid price increases. Yun emphasized that while mortgage rates are expected to decline from their mid-summer highs, the overall housing market continues to face headwinds from elevated borrowing costs, affecting affordability and transaction volume. Market watchers will be closely observing how mortgage rates evolve and influence home sales in the coming months. #HousingMarket #MortgageRates #RealEstate
AI | Snowflake CEO Says Model Routing Can Lower AI Costs
Sridhar Ramaswamy, CEO of Snowflake, emphasized that the next phase of enterprise AI will focus heavily on economics rather than just deploying the largest available models. Speaking to Bloomberg Open Interest, he explained that model routing could play a crucial role in reducing AI costs, making the technology more accessible and sustainable for businesses. Ramaswamy warned that relying on a single, large model poses significant risks, including vulnerabilities to outages or biases inherent in one system. He advocates for a model routing approach that dynamically directs tasks to different models based on efficiency, cost, and performance, thereby optimizing resource use and minimizing risk. He also highlighted the potential for AI agents to shift the workforce away from repetitive, low-value tasks towards higher-value, strategic activities. This transition could free up human workers for more creative and complex responsibilities, ultimately transforming workplace productivity and operational efficiency. According to Ramaswamy, as enterprise AI matures, businesses will need to prioritize not only technological capabilities but also economic viability. The focus on cost-effective model routing and risk mitigation signals a shift toward more sustainable and resilient AI deployments in the corporate sector. #AI #ModelRouting #EnterpriseAI
Fitch: Colombia's Fiscal Deficit Will Near 7% of GDP in 2026
Fitch Ratings has projected that Colombia's fiscal deficit will approach 7% of GDP in 2026, according to recent estimates. This forecast underscores ongoing concerns about the country’s fiscal health and the challenges it faces in managing its public finances amid economic pressures. The rating agency’s analysis highlights that Colombia’s fiscal imbalance remains significant, with the deficit expected to stay near this elevated level despite efforts to implement fiscal reforms. Fitch’s outlook reflects broader fiscal sustainability concerns, which could impact Colombia’s credit ratings and borrowing costs in the future. While Colombia has taken steps to address its fiscal issues, the projected deficit signals that substantial adjustments may still be needed to stabilize public finances. The high deficit could limit the government’s ability to invest in development projects or respond to economic shocks without increasing debt levels. Market participants and policymakers will closely monitor how Colombia’s fiscal trajectory evolves in the coming years. The forecast of a near 7% deficit in 2026 emphasizes the importance of fiscal discipline and reform efforts to ensure economic stability and investor confidence. #Colombia #FiscalDeficit #EconomicPolicy
Sui Launches First Integration With Securitize for HINC Tokenized Fund
Sui announced on X that its first integration with Securitize is now live, marking a significant step in expanding on-chain asset offerings. The integration enables the tokenization of high-yield financial products through the high-yield fund HINC, which brings bonds, collateralized loan obligations (CLOs), and leveraged loans onto the blockchain. According to Odaily, this development broadens the scope of tokenized assets beyond the typical Treasury and money market assets that most funds cover. HINC aims to provide investors with access to higher-yield, more complex financial instruments via blockchain technology, increasing transparency and liquidity in these markets. The integration with Securitize facilitates the issuance and management of digital securities, ensuring regulatory compliance and enabling seamless on-chain trading. This move demonstrates Sui’s commitment to diversifying its asset ecosystem and offering innovative financial products within the blockchain space. By bringing high-yield bonds, CLOs, and leveraged loans onchain, Sui is expanding the range of tokenized assets available to investors and paving the way for more sophisticated financial instruments to be managed and traded digitally. The launch could signal increased adoption of tokenized high-yield products in traditional finance and blockchain markets alike. #Sui #Tokenization #DeFi
Saudi Aramco Resumes Loading Crude at Gulf Ports Near the Strait of Hormuz
Multiple international shipping trackers reported that Saudi Aramco resumed loading crude oil at ports inside the Strait of Hormuz last week. Several very large crude carriers (VLCCs) were observed waiting nearby to load, indicating a renewed activity at key strategic points near the Gulf. According to vessel-tracking firms Kpler and Vortexa, three VLCCs successfully loaded 2 million barrels of crude each at Saudi Arabia's eastern ports of Juaymah and Ras Tanura. This activity marks a notable return to loading operations in the region, which is a critical chokepoint for global oil shipments. The Strait of Hormuz remains one of the world's most vital and sensitive maritime passages for oil exports, with a significant portion of the world's crude passing through it. The resumption of loading activities by Saudi Aramco could signal a stabilization or increase in oil supply flows from the region, impacting global markets and prices. Analysts and market watchers will be closely monitoring further developments to see if this activity persists or expands. The movement of crude carriers near the Strait underscores ongoing geopolitical and logistical factors that influence oil exports from the Gulf. #Oil #StraitOfHormuz #SaudiAramco
Standard Bank In Talks to Buy Stake in OPay Before U.S. IPO
Standard Bank is reportedly engaged in discussions to acquire a stake in Nigerian fintech company OPay, according to Bloomberg. The potential investment is aimed at positioning the bank favorably before OPay’s planned initial public offering (IPO) in the United States. Sources from ChainCatcher indicate that the negotiations are still ongoing, and no final agreement has been reached. The transaction remains uncertain as both parties continue to explore the terms and conditions of the possible stake acquisition, reflecting the strategic importance of the deal for both sides. Founded in 2018, OPay has grown rapidly and now boasts approximately 50 million users across Nigeria and other markets. The company has experienced significant growth, with its transaction volume reportedly doubling, which underscores its expanding influence in the fintech space. This move by Standard Bank signals a broader interest among traditional financial institutions to partner with or invest in emerging fintech players, especially those with substantial user bases and innovative business models. The outcome of the negotiations could have notable implications for the fintech landscape in Africa and beyond. #Fintech #OPay #Banking
Ant Health Confirms Acquisition of Medical Services Provider Fengshi Health
Ant Health announced on August 18 that it has completed the acquisition of Fengshi Health, a provider of medical and health services, according to Jiemian News. The move marks a significant step in Ant Health’s strategic expansion into the healthcare sector. Fengshi Health specializes in serving mid- to high-end medical and health clients, offering a range of specialized services. Its extensive network of commercial insurance direct-payment coverage includes over 1,500 public hospital international departments, as well as departments dedicated to special care and high-end private hospitals. This broad network underscores Fengshi Health’s prominent position in the premium healthcare market. By acquiring Fengshi Health, Ant Health aims to strengthen its capabilities in delivering premium healthcare services and expanding its presence within the domestic healthcare industry. The integration of Fengshi’s network and expertise is expected to enhance Ant Health’s service offerings and improve its competitive positioning. This acquisition aligns with Ant Health’s broader strategy to develop comprehensive health management platforms and leverage technology to improve healthcare delivery. The company’s ongoing expansion efforts reflect its commitment to becoming a leading player in the health services sector. #AntHealth #Healthcare #Acquisition
PREMARKET MOVES | Home Depot Climbs on Q2 Beat and Reaffirmed Guidance; Memory Chip Stocks Fall
Several stocks were active in premarket trading, with Home Depot leading gains by rising 1.5%. The home improvement retailer reported fiscal second-quarter results that surpassed both revenue and earnings expectations, prompting investors to boost confidence in its outlook. Home Depot posted adjusted earnings of $4.92 per share, exceeding the $4.73 estimated by analysts polled by LSEG. Additionally, the company's revenue reached $47.86 billion, which was higher than the forecasted figures, reinforcing its strong sales performance during the quarter. The company also reaffirmed its full fiscal year guidance, signaling confidence in its growth trajectory despite broader market uncertainties. This reaffirmation, combined with the quarterly beat, contributed to the stock's positive momentum in premarket trading. Market participants will be watching closely to see if Home Depot can sustain its momentum throughout the trading day. Meanwhile, some memory chip stocks declined in early trading, reflecting ongoing concerns about the semiconductor sector amid shifting demand and supply chain challenges. #HomeDepot #Earnings #StockMarket
Novig Reports More Than $125 Million In Opening-Week Notional Volume
Novig, a prediction markets platform, has reported generating more than $125 million in notional volume during its first week following the launch of sports event contracts on August 4. This impressive figure indicates strong initial interest and participation from users in the platform's new offerings. According to CNBC, Novig's opening-week total surpassed the first-week sports contract volumes of several established competitors, including Kalshi, Polymarket U.S., Underdog, and DKeX, which is DraftKings' proprietary prediction markets exchange. This comparison highlights Novig’s rapid growth and the significant market demand for its prediction market services. The company mentioned that parlays—multi-leg bets on different outcomes—played a substantial role in driving the high volume, suggesting that users are engaging with more complex betting strategies on the platform. This level of activity demonstrates the platform’s ability to attract a diverse range of users, from casual bettors to more sophisticated market participants. As prediction markets continue to gain traction, Novig’s strong debut could signal a shift in the landscape of sports and event-based betting, especially with the integration of innovative features like parlays. Market observers will be watching to see how the platform sustains this momentum and expands its user base in the coming months. #PredictionMarkets #Novig #SportsBetting
Baidu is set to hold its earnings call in just 10 minutes, according to Jin10. This upcoming event will provide insights into the company's latest financial performance, strategic initiatives, and future outlook. Investors and analysts are paying close attention as Baidu prepares to share updates on its core business segments, including search, cloud computing, autonomous driving, and AI technologies. The company's earnings report is expected to shed light on how these divisions are contributing to its revenue growth and profitability. Market participants will also be looking for any comments from Baidu’s management regarding new product launches, investments, or strategic shifts in response to evolving industry trends. The outcome of this call could influence Baidu’s stock performance and investor confidence moving forward. As the clock ticks down, stakeholders are eager to see how Baidu’s recent developments and market positioning translate into financial results. The earnings call remains a key event for understanding the company's direction amid competitive pressures and technological advancements. #Baidu #EarningsCall #TechSector
Goldman Sachs Says About 80% of Total Consideration Will Be Paid in Equity
Goldman Sachs has announced that approximately 80% of the total consideration for its recent transactions will be paid in equity. According to Jin10, this indicates a significant reliance on stock-based payments rather than cash, reflecting the bank’s strategy to conserve liquidity and align interests with its stakeholders. This approach suggests that Goldman Sachs is prioritizing the strengthening of its equity base through issuance of shares, which can also serve to support its stock price and investor confidence during periods of transaction activity. Paying such a large proportion in equity may also be aimed at managing balance sheet impacts and maintaining financial flexibility. The decision to allocate around 80% of consideration in equity aligns with broader market trends where large financial institutions favor stock-based compensation for acquisitions, partnerships, or other strategic moves. It demonstrates confidence in the bank’s valuation and growth prospects, encouraging stakeholders to view the transactions as value-adding rather than dilutive. Investors and analysts will be monitoring how this strategy influences Goldman Sachs’ share performance and overall financial health. The emphasis on equity payments highlights the bank’s commitment to leveraging its stock for strategic initiatives and maintaining a robust capital structure. #GoldmanSachs #Equity #FinancialStrategy
Xiaomi Partner Lu Weibing Says New Xring Chip Will Be Released Soon
Lu Weibing, partner and president of Xiaomi Group, announced on an earnings call that the company’s Xring O1 chip, launched last year, has already surpassed 1 million cumulative shipments across three different terminals. This milestone represents a significant validation of Xiaomi’s flagship chip, demonstrating its acceptance and reliability in the market. Lu Weibing further revealed that a new-generation Xiaomi Xring chip is in development and will be released soon. This upcoming chip aims to build on the success of the O1, potentially offering enhanced performance and features to meet growing consumer and industry demands. The large-scale adoption of the current Xring O1 chip indicates Xiaomi’s successful entry into the competitive semiconductor space, especially in the context of increasing global chip shortages and supply chain challenges. The company’s focus on developing its own chips aligns with broader industry trends toward vertical integration and self-reliance. As Xiaomi prepares to launch its next-generation Xring chip, industry observers will be watching closely to see how it compares with existing flagship chips from other manufacturers. The release is expected to further strengthen Xiaomi’s position in the mobile and IoT device markets. #Xiaomi #Xring #Semiconductors
US Arts Commission Chair Makes Low-Key Diplomatic Visit to Russia
In June, Rodney Mims Cook, chairman of the U.S. Arts Commission, made a discreet diplomatic visit to St. Petersburg, Russia. According to sources cited by Sina Finance, Cook attended President Vladimir Putin’s flagship economic forum and held meetings with Kremlin officials during his stay. It is reported that Cook traveled with a diplomatic passport, which is typically reserved for official government representatives engaged in diplomatic activities. He received a full briefing during his visit and was provided diplomatic security by the Russian side, indicating a level of official recognition and security arrangements usually associated with high-level diplomatic engagements. Notably, Cook was the first U.S. official to undertake such a trip to Russia in recent times, marking a low-key yet significant diplomatic gesture amid complex international relations. The visit reflects ongoing efforts to maintain dialogue and engagement between the United States and Russia, even amid broader geopolitical tensions. Details about the specific discussions or agenda items during Cook’s meeting with Kremlin officials have not been publicly disclosed. His visit underscores a nuanced approach to diplomacy, emphasizing cultural and economic exchanges as channels for dialogue. #Diplomacy #USRussia #InternationalRelations
BlackRock’s Koesterich Says Energy Stocks Are Best Diversifier
Russ Koesterich, a portfolio manager for BlackRock’s Global Allocation Fund, has highlighted energy stocks as the best diversifier in the current market environment. According to Bloomberg, Koesterich pointed out that bonds are currently failing as a hedge, as yields on 30-year US Treasuries surged to their highest level since 2007 this week. He emphasized that the rise in long-term bond yields has diminished their effectiveness as a safe haven or diversification tool for investors. In this context, Koesterich sees energy stocks as a more attractive option for portfolio diversification, given their potential to outperform in an uncertain economic landscape. Despite concerns about rising oil prices, Koesterich stated that he does not believe that $100 oil would derail the ongoing US economic expansion. This perspective suggests confidence that the economy can withstand higher energy costs without significant disruptions, making energy equities a potentially resilient hedge. As market dynamics shift with rising yields and fluctuating oil prices, investors are reassessing their strategies. Koesterich’s comments reinforce the view that energy stocks may serve as a key component of diversified portfolios amidst current economic uncertainties. #EnergyStocks #Diversification #USYields
Latam Digital Assets Conf To Bring Banks, Regulators To Buenos Aires Aug. 20-21
The Latam Digital Assets Conference is set to take place on August 20-21 in Buenos Aires, bringing together key stakeholders from banks, fintechs, regulators, and investors across Latin America. The event aims to foster discussions around the evolving landscape of digital finance, with a particular focus on stablecoins, tokenization, and regulatory frameworks in the region. Over the course of two days, the conference will explore critical topics such as the role of stablecoins in financial inclusion and cross-border payments, the potential of tokenization to transform asset ownership, and the regulatory challenges faced by Latin American countries as they adapt to digital financial innovations. The event underscores the region’s growing interest in integrating digital assets into mainstream finance. Prominent speakers, including Martín Yeza, Darío Nieto, and Julián Colombo, will share insights on payments systems and institutional decentralized finance (DeFi), highlighting how these areas are shaping the future of finance in Latin America. Their participation reflects the increasing importance of regional voices in the global digital assets conversation. The conference aims to facilitate collaboration among financial institutions, regulators, and technology providers to foster a conducive environment for digital asset adoption and innovation. As Latin America continues to position itself as a key player in the digital finance space, the event promises to be a significant milestone in shaping regional policies and market developments. #DigitalAssets #Latam #Fintech