Morning Post Waller said the Fed's forward guidance was still valuable; Nvidia's response to the product roadmap was unaffected; Samsung Electronics' operating profit surged 18 times year-on-year in the second quarter
Waller said the Federal Reserve's forward guidance is still valuable; Nvidia responded that its product roadmap was not affected; Samsung Electronics' Q2 operating profit increased by more than 19 times year-on-year; the NATO summit started today; Tongrentang Medical Care was listed on the Hong Kong stock market today.
Summary: Waller said the Federal Reserve's forward guidance is still valuable; Nvidia responded that its product roadmap was not affected; Samsung Electronics' second-quarter operating profit soared 18 times year-on-year; the NATO summit started today; Tongrentang Medical Care was listed on the Hong Kong stock market today. U.S. stock market: The three major U.S. stock indexes closed higher on July 6, with the Dow hitting another record high. As of the close, the Dow Jones Industrial Average rose 155.84 points from the previous trading day to close at 53055.91 points, an increase of 0.29%; the S&P 500 stock index rose 54.19 points to close at 7537.43 points, an increase of 0.72%; the Nasdaq Composite Index rose 288.49 points to close at 26121.16 points, an increase of 1.12%. Most popular technology stocks rose. Tesla and AMD rose by more than 6%, Broadcom and ASML rose by more than 3%, Meta rose by nearly 3%, Google rose by more than 2%, Intel and Apple rose by more than 1%, and Microsoft and SpaceX fell by nearly 1%. Computer hardware and cryptocurrency concept stocks were among the top gainers. Western Digital rose more than 7%, Lotus and Circle rose more than 6%, Dell Technologies rose more than 4%, and Logitech, Quantum, and HP rose more than 3%. Diet pill concepts, food packaging, and cruise ship concepts fell, with Pfizer and Novo Nordisk falling more than 2%. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 1.71%. iQiyi rose nearly 6%, NIO, Tencent Holdings ADR, and Bilibili rose more than 4%, Xpeng Group rose more than 3%, Alibaba, Pinduoduo, and Miniso rose more than 1%, and 21Vianet fell more than 1%. European stock market: Europe's three major stock indexes had mixed gains and losses on July 6. The Financial Times' average price index of 100 stocks in the London stock market closed at 10651.77 points, down 27.26 points or 0.26% from the previous trading day; the CAC40 index in the Paris stock market in France closed at 84 79.87 points, down 28.2 points or 0.33% from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 25817.89 points, up 38.58 points or 0.15% from the previous trading day. Commodity market: International oil prices fell on July 6. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange fell by US$0.09 to close at US$68.6 per barrel, a decrease of 0.13%. The continuous contract of COMEX gold futures for the month rose by US$50.60, or 1.23%, to US$4176.3 per ounce. The continuous contract of COMEX silver futures for the month rose by $1.42, or 2.33%, to $62.485 per ounce. Spot gold fell $10.57, or 0.25%, to $4,165.13 per ounce. Spot silver fell by $0.37, or 0.59%, to $62.06 per ounce. Fed Governor Waller defends forward guidance, saying it can have a positive effect when used properly Federal Reserve Governor Christopher Waller said policymakers' efforts to signal the future path of interest rates can still have a positive effect if used correctly. Waller made the remarks at a conference in Rome. Previously, new Federal Reserve Chairman Kevin Warsh promised to reduce the Fed's reliance on so-called "forward guidance" and instead adopt an approach that focuses more on adjusting policy based on changes in economic data. Waller said forward guidance remains a valuable policy tool. During a pandemic-era surge in inflation, forward guidance helped the central bank signal to the public that interest rates would rise. Even though the Federal Reserve has not officially raised interest rates yet, financial conditions have tightened ahead of schedule. However, he also said that Fed officials are sometimes too rigid in using forward guidance, which in turn limits their own policy space. He gave the example that in 2020 and 2021, the Federal Reserve made it clear that it would keep interest rates unchanged for a period of time, but at that time inflation had begun to rise rapidly. Trump: Early investment is the key, the stock market will "skyrocket"! And encourage families to continue investing instead of cashing out. Some short sellers are in big trouble.
Trump said today's newborns will have a huge financial advantage by the time they turn 18 thanks to Trump Accounts. In promoting today's account launch, he touted early-stage investing as a path to long-term wealth, pointing to recent gains in the Dow, Nasdaq and S&P 500. “I think the market is going to skyrocket,” he said, encouraging households to stay invested rather than cash out. In addition, US President Trump said: "There are some short-sellers who are in big trouble and they are being liquidated. I never like short-sellers because they are betting against the country." Traders' dollar positioning hits most optimistic level since 2015 CFTC data shows that as of June 30, global traders’ bullish bets on the U.S. dollar rose to nearly $40 billion, the highest level since 2015, continuing the U.S. dollar’s monthly gains driven by interest rate expectations. The market is betting that the Federal Reserve may maintain higher interest rates or even raise interest rates again, pushing the dollar to record a gain of about 2% in June. Analysts believe that the Federal Reserve's monetary tightening expectations and the resilience of the U.S. economy jointly support the trend of the dollar, but some institutions point out that recent weak employment data may limit further upside. The US earnings season is about to start, investors are optimistic about performance but wary of the impact of oil prices Investment institution Summit Place Financial Advisors said that the market expects the company's overall performance in the second quarter to be good, but investors will focus on the impact of high oil prices on corporate costs, profit margins and product prices. The agency said it may take several months for inflationary pressures brought about by rising energy prices to be fully transmitted, and the Fed has limited room to cut interest rates in the short term and may continue to wait and see. U.S. Strategic Petroleum Reserve crude inventories fall to lowest level since 1983 According to data from the U.S. Department of Energy, crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell by 6.2 million barrels in the week ended July 3 to 319.5 million barrels, the lowest level since April 1983. The inventory drawdown is part of a U.S. deal to release 172 million barrels of crude from the storage facility to fill a global inventory gap since the start of the Iran war and help push down fuel prices. Since the war broke out in late February, total U.S. inventories, including commercial inventories and strategic petroleum reserves, have fallen by 120.71 million barrels to 734 million barrels as of June 26, the lowest level since 1984. Funds attracted by emerging market ETFs listed in the United States plummeted, and South Korean ETF capital outflows were the largest Last week, investors piled into exchange-traded funds (ETFs) that invest in emerging market stocks and bonds for the third consecutive week. Data compiled by Bloomberg show that as of the week of July 2, the total inflow of emerging market ETFs listed in the United States and invested in multiple developing countries and specific countries was US$4.94 million, a sharp decrease of approximately 99% from the previous week's inflow of US$480 million. So far this year, inflows have totaled $41.8 billion. Mainland China/Hong Kong ranked second with an inflow of US$146.1 million, ending the previous six-week outflow trend. South Korea had the largest outflow at US$368.2 million, with iShares MSCI South Korea suffering a withdrawal. Samsung Electronics' second-quarter operating profit soared 18 times year-on-year, surpassing Nvidia to become the "world's most profitable company" Samsung Electronics announced its second-quarter performance forecast, with total revenue of 171 trillion won. Market expectations were 173.9 trillion won. It was 133.9 trillion won in the first quarter and 74.6 trillion won in the same period last year. Operating profit in the second quarter was 89.4 trillion won, which not only far exceeded analysts’ average forecast of 84.2 trillion won, but was also higher than the full-year performance in 2025. Samsung Electronics will release its second-quarter earnings report on July 30. Samsung is expected to release a full financial report including net profit and breakdown by business unit at the end of this month. Nvidia's AI server architecture is rumored to be delayed, but the company responded that the roadmap has not changed
A spokesman for NVIDIA (NVDA.US) responded that the company's product road map is intact (Our road map is intact) and denied that core progress was affected. Previously, research firm SemiAnalysis said that Nvidia’s next-generation AI computing architecture Kyber may be delayed by 12 months to 2028 due to setbacks in research and development. The architecture was originally planned to be used in the next-generation Rubin Ultra GPU. Kyber is regarded as an important upgrade of Nvidia's data center architecture. It will adopt a new vertical rack design to increase computing density and reduce network latency. It is also expected to drive demand for the data center co-packaged optics (CPO) industry chain. Nvidia did not disclose progress details of the Kyber NVL144 project, nor did it confirm any delays. Jordan Klein, an analyst at Mizuho Securities, said that the market has repeatedly seen rumors similar to Nvidia's new product delays, and such news is more like "noise that attracts attention." Miami joins Robotaxi territory, Tesla's self-driving service takes another step forward According to news on July 5, Tesla (TSLA.US)’s self-driving online ride-hailing territory has officially expanded to the southeastern United States. Recently, Tesla officially announced on the social media It marks the first time its driverless ride-hailing service has entered Florida and is the third state it has covered after Texas and California. Oracle rose more than 2% in the last trading day and launched four new Fusion smartphone applications Oracle (ORCL.US) recently announced the launch of four new Fusion intelligent applications to help organizations improve inventory visibility, reduce the impact of supplier and operational issues, and increase manufacturing efficiency, thereby improving supply chain performance. These new agent applications are built into OracleFusion CloudSupply Chain & Manufacturing (SCM) and are driven by a collaborative team composed of multiple professional AI agents. They are result-oriented, proactive response and logical reasoning capabilities, and are specially built for enterprise-level applications. Additionally, to further enhance an organization’s supply chain resilience, Oracle is also launching new inventory optimization capabilities. SK hynix updates U.S. stock listing prospectus On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission. The document confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will be listed on the Nasdaq exchange under the code "SK Hynix (SKHY.US)". Broadcom announces expansion of cooperation with Apple, extending custom ASIC chip contract to 2031 Broadcom (AVGO.US) and Apple (AAPL.US) signed a new round of multi-year cooperation agreement to extend the chip supply cooperation between the two parties until 2031, further solidifying the long-term strategic binding relationship between the technology giants. Broadcom disclosed in a regulatory filing on Monday that the two parties have reached a new agreement on custom ASIC chip products. Broadcom will develop and supply a series of customized silicon products for Apple's multiple generations of products. Is Google going to expand its strategy? Gemini 3.5 Pro is rumored to be released on July 17, with the front end crushing Fable 5 Google-C (GOOG.US) holds a major trump card in the large model competition. It is reported that Gemini 3.5 Pro will be officially released on July 17. Its front-end and visual code generation capabilities are said to have improved by leaps and bounds, suppressing Anthropic's Fable 5 in multiple tests, but it still lags behind its opponents in hard-core reasoning and complex engineering tasks.
According to technology media Geeky Gadgets, Google DeepMind abandoned the original 2.5 Pro base and switched to new pre-training for Gemini 3.5 Pro. The release time has therefore been postponed from June 2026 to July 17. This decision was interpreted by the outside world as Google actively choosing the former between quality and speed to cope with the dual pressures of OpenAI GPT-5.6 and Anthropic Fable 5. SpaceX’s “Second-in-Chief” Officially Announces Donating Stocks to “Trump Account” SpaceX (SPCX.US) President and Chief Operating Officer Gwynne Shotwell recently announced that she will donate stock to the "Trump Account" plan. Shotwell announced on social media on Monday (July 6) that she and her husband would give away one SpaceX stock to each of the "Trump Accounts" of more than 2 million children across the United States. Trump demands deep price cuts on Walmart products U.S. President Trump said that Walmart (WMT.US) will reduce the price of its products according to his own requirements. The price of a pound of ground beef will be reduced by nearly 15%, and the selling price of many other products will be reduced. Walmart is a truly patriotic company. Other retailers should follow Walmart's lead. Strategy sells $216 million worth of Bitcoin, taking major step in financing reform Strategy (MSTR.US) sold $216 million worth of Bitcoin last week, the company’s first major step after recently unveiling financing reforms. This follows a long period of decline for both Bitcoin and the company’s own stock price. The deal is the largest Bitcoin sale since the company began accumulating its holdings in 2020, and the third in its history. Meanwhile, an announcement on Monday said Strategy recorded an $8.32 billion digital asset loss in the three months ended June 30. Rivian's preliminary estimate of second-quarter revenue is US$1.55 billion to US$1.65 billion, and it plans to issue 75 million Class A ordinary shares. "Tesla's rival" Rivian Automotive (RIVN.US) expects a preliminary estimate of second-quarter revenue of 1.55 billion-1.65 billion U.S. dollars; it has submitted documents to the U.S. Securities and Exchange Commission (SEC) and plans to issue 75 million Class A ordinary shares. Microsoft lays off 4,800 people, with Xbox division hardest hit Microsoft (MSFT.US) announced on Monday that it would cut 4,800 jobs, accounting for about 2.1% of the company's global workforce, including about one-fifth of its employees in the Xbox gaming division. As part of the changes announced on Monday, Microsoft also said it will sell or spin off four game development studios and is evaluating strategic options for a fifth studio. Dell rose more than 4% in the previous session after Trump praised the company Trump posted on social media praising Dell Technologies (DELL.US) for its donation to the "Trump Accounts" project, saying the move "demonstrates the generosity of the American spirit." Citi predicts that the prospects of U.S. chip stocks will be divided: bullish on Micron Technology and bearish on Qualcomm Citi analysts said in a research report: "Given that DRAM chip prices are expected to rise in the second half of 2026, Micron Technology (MU.US) will be included in the "upside catalyst" watch list; at the same time, due to weak smartphone sales growth, Qualcomm (QCOM.US) will be included in the "downside catalyst" watch list." Citi analysts said: "Fundamentally speaking, artificial intelligence computing demand is still in short supply, and the recent AWS EC2 The 20% increase in GPU prices reflects this. The shortage of DRAM is the biggest constraint on the current supply of computing power.” Solstice spends $14.5 billion to acquire Element Solutions, further focusing on the AI market
Solstice Advanced Materials (SOLS.US), an independent company spun off from Honeywell (HON.US), announced that it will acquire fellow specialty chemicals company Element Solutions (ESI.US) for US$14.5 billion in order to capture the growing demand for artificial intelligence (AI) data centers and chip industries. The deal will create a larger supplier of materials for semiconductor manufacturing, electronics and industrial applications. The combined company will deeply integrate Solstice's refrigerants, specialty materials and uranium conversion businesses with Element Solutions' electronic chemicals portfolio. Toyota to move pickup truck production from Mexico plant to Texas Toyota Motor Corp (TM.US) is moving production of its Tacoma midsize pickup truck from a plant in Mexico to San Antonio as part of a $3.6 billion upgrade of the Texas plant. The company will build a second production line at its San Antonio plant, which currently produces full-size pickup trucks and SUVs, creating about 2,000 jobs by 2030. The expansion of the San Antonio plant will double its size to approximately 5 million square feet, bringing Toyota's cumulative investment in the base to $8.3 billion since groundbreaking 23 years ago. South32 US$2 billion zinc and manganese mine project in Arizona, USA, will be approved According to foreign media reports, the Trump administration will approve the US$2 billion zinc and manganese mine project planned by mining company South32 (SOUHY.US) in Arizona on Tuesday local time. The U.S. Forest Service plans to issue a decision approving the project near the U.S.-Mexico border, according to a U.S. Forest Service statement. The Trump administration had previously provided fast-track approval for the project, and the Federal Licensing Improvement Steering Committee listed it as a priority project for rapid review, making it the first mining project to receive expedited approval from the U.S. Department of Agriculture. The USDA said the critical minerals project contains one of the world's largest untapped zinc deposits, as well as other mineral resources critical to steel production and high-capacity battery manufacturing. Australia-based South32 said the mine, located in the Patagonia Mountains about 80 kilometers southeast of Tucson, Arizona, is expected to be fully operational in 2029. South32 plans to prioritize supplying copper mined from the mine to domestic smelters in the United States. Southbound Fund Tracking｜Net buying exceeded HK$20.5 billion in a single day, hitting a new high in nearly one and a half months. AI hardware concept stocks were sold off Data shows that southbound funds traded approximately HK$147.391 billion yesterday, a volume increase of approximately HK$21.9 billion from the previous day; approximately 46.83% of the total transaction volume of the Hang Seng Index, accounting for more than 40% and higher than the short-term average. Hong Kong stocks continued to rebound yesterday, with all three major indexes rising. Southbound funds’ net purchases were approximately HK$20.527 billion, a new single-day net purchase since May 18. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$12.552 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$7.976 billion. It is worth mentioning that the two ETFs, Tracker Fund (02800.HK) and Hang Seng China Enterprises (02828.HK), received net purchases of HK$6.868 billion and HK$964 million respectively. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial.
Trump said today's newborns will have a huge financial advantage by the time they turn 18 thanks to Trump Accounts. In promoting today's account launch, he touted early-stage investing as a path to long-term wealth, pointing to recent gains in the Dow, Nasdaq and S&P 500. “I think the market is going to skyrocket,” he said, encouraging households to stay invested rather than cash out. In addition, US President Trump said: "There are some short-sellers who are in big trouble and they are being liquidated. I never like short-sellers because they are betting against the country." Traders' dollar positioning hits most optimistic level since 2015 CFTC data shows that as of June 30, global traders’ bullish bets on the U.S. dollar rose to nearly $40 billion, the highest level since 2015, continuing the U.S. dollar’s monthly gains driven by interest rate expectations. The market is betting that the Federal Reserve may maintain higher interest rates or even raise interest rates again, pushing the dollar to record a gain of about 2% in June. Analysts believe that the Federal Reserve's monetary tightening expectations and the resilience of the U.S. economy jointly support the trend of the dollar, but some institutions point out that recent weak employment data may limit further upside. The US earnings season is about to start, investors are optimistic about performance but wary of the impact of oil prices Investment institution Summit Place Financial Advisors said that the market expects the company's overall performance in the second quarter to be good, but investors will focus on the impact of high oil prices on corporate costs, profit margins and product prices. The agency said it may take several months for inflationary pressures brought about by rising energy prices to be fully transmitted, and the Fed has limited room to cut interest rates in the short term and may continue to wait and see. U.S. Strategic Petroleum Reserve crude inventories fall to lowest level since 1983 According to data from the U.S. Department of Energy, crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell by 6.2 million barrels in the week ended July 3 to 319.5 million barrels, the lowest level since April 1983. The inventory drawdown is part of a U.S. deal to release 172 million barrels of crude from the storage facility to fill a global inventory gap since the start of the Iran war and help push down fuel prices. Since the war broke out in late February, total U.S. inventories, including commercial inventories and strategic petroleum reserves, have fallen by 120.71 million barrels to 734 million barrels as of June 26, the lowest level since 1984. Funds attracted by emerging market ETFs listed in the United States plummeted, and South Korean ETF capital outflows were the largest Last week, investors piled into exchange-traded funds (ETFs) that invest in emerging market stocks and bonds for the third consecutive week. Data compiled by Bloomberg show that as of the week of July 2, the total inflow of emerging market ETFs listed in the United States and invested in multiple developing countries and specific countries was US$4.94 million, a sharp decrease of approximately 99% from the previous week's inflow of US$480 million. So far this year, inflows have totaled $41.8 billion. Mainland China/Hong Kong ranked second with an inflow of US$146.1 million, ending the previous six-week outflow trend. South Korea had the largest outflow at US$368.2 million, with iShares MSCI South Korea suffering a withdrawal. Samsung Electronics' second-quarter operating profit soared 18 times year-on-year, surpassing Nvidia to become the "world's most profitable company" Samsung Electronics announced its second-quarter performance forecast, with total revenue of 171 trillion won. Market expectations were 173.9 trillion won. It was 133.9 trillion won in the first quarter and 74.6 trillion won in the same period last year. Operating profit in the second quarter was 89.4 trillion won, which not only far exceeded analysts’ average forecast of 84.2 trillion won, but was also higher than the full-year performance in 2025. Samsung Electronics will release its second-quarter earnings report on July 30. Samsung is expected to release a full financial report including net profit and breakdown by business unit at the end of this month. Nvidia's AI server architecture is rumored to be delayed, but the company responded that the roadmap has not changed
A spokesman for NVIDIA (NVDA.US) responded that the company's product road map is intact (Our road map is intact) and denied that core progress was affected. Previously, research firm SemiAnalysis said that Nvidia’s next-generation AI computing architecture Kyber may be delayed by 12 months to 2028 due to setbacks in research and development. The architecture was originally planned to be used in the next-generation Rubin Ultra GPU. Kyber is regarded as an important upgrade of Nvidia's data center architecture. It will adopt a new vertical rack design to increase computing density and reduce network latency. It is also expected to drive demand for the data center co-packaged optics (CPO) industry chain. Nvidia did not disclose progress details of the Kyber NVL144 project, nor did it confirm any delays. Jordan Klein, an analyst at Mizuho Securities, said that the market has repeatedly seen rumors similar to Nvidia's new product delays, and such news is more like "noise that attracts attention." Miami joins Robotaxi territory, Tesla's self-driving service takes another step forward According to news on July 5, Tesla (TSLA.US)’s self-driving online ride-hailing territory has officially expanded to the southeastern United States. Recently, Tesla officially announced on the social media It marks the first time its driverless ride-hailing service has entered Florida and is the third state it has covered after Texas and California. Oracle rose more than 2% in the last trading day and launched four new Fusion smartphone applications Oracle (ORCL.US) recently announced the launch of four new Fusion intelligent applications to help organizations improve inventory visibility, reduce the impact of supplier and operational issues, and increase manufacturing efficiency, thereby improving supply chain performance. These new agent applications are built into OracleFusion CloudSupply Chain & Manufacturing (SCM) and are driven by a collaborative team composed of multiple professional AI agents. They are result-oriented, proactive response and logical reasoning capabilities, and are specially built for enterprise-level applications. Additionally, to further enhance an organization’s supply chain resilience, Oracle is also launching new inventory optimization capabilities. SK hynix updates U.S. stock listing prospectus On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission. The document confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will be listed on the Nasdaq exchange under the code "SK Hynix (SKHY.US)". Broadcom announces expansion of cooperation with Apple, extending custom ASIC chip contract to 2031 Broadcom (AVGO.US) and Apple (AAPL.US) signed a new round of multi-year cooperation agreement to extend the chip supply cooperation between the two parties until 2031, further solidifying the long-term strategic binding relationship between the technology giants. Broadcom disclosed in a regulatory filing on Monday that the two parties have reached a new agreement on custom ASIC chip products. Broadcom will develop and supply a series of customized silicon products for Apple's multiple generations of products. Is Google going to expand its strategy? Gemini 3.5 Pro is rumored to be released on July 17, with the front end crushing Fable 5 Google-C (GOOG.US) holds a major trump card in the large model competition. It is reported that Gemini 3.5 Pro will be officially released on July 17. Its front-end and visual code generation capabilities are said to have improved by leaps and bounds, suppressing Anthropic's Fable 5 in multiple tests, but it still lags behind its opponents in hard-core reasoning and complex engineering tasks.
According to technology media Geeky Gadgets, Google DeepMind abandoned the original 2.5 Pro base and switched to new pre-training for Gemini 3.5 Pro. The release time has therefore been postponed from June 2026 to July 17. This decision was interpreted by the outside world as Google actively choosing the former between quality and speed to cope with the dual pressures of OpenAI GPT-5.6 and Anthropic Fable 5. SpaceX’s “Second-in-Chief” Officially Announces Donating Stocks to “Trump Account” SpaceX (SPCX.US) President and Chief Operating Officer Gwynne Shotwell recently announced that she will donate stock to the "Trump Account" plan. Shotwell announced on social media on Monday (July 6) that she and her husband would give away one SpaceX stock to each of the "Trump Accounts" of more than 2 million children across the United States. Trump demands deep price cuts on Walmart products U.S. President Trump said that Walmart (WMT.US) will reduce the price of its products according to his own requirements. The price of a pound of ground beef will be reduced by nearly 15%, and the selling price of many other products will be reduced. Walmart is a truly patriotic company. Other retailers should follow Walmart's lead. Strategy sells $216 million worth of Bitcoin, taking major step in financing reform Strategy (MSTR.US) sold $216 million worth of Bitcoin last week, the company’s first major step after recently unveiling financing reforms. This follows a long period of decline for both Bitcoin and the company’s own stock price. The deal is the largest Bitcoin sale since the company began accumulating its holdings in 2020, and the third in its history. Meanwhile, an announcement on Monday said Strategy recorded an $8.32 billion digital asset loss in the three months ended June 30. Rivian's preliminary estimate of second-quarter revenue is US$1.55 billion to US$1.65 billion, and it plans to issue 75 million Class A ordinary shares. "Tesla's rival" Rivian Automotive (RIVN.US) expects a preliminary estimate of second-quarter revenue of 1.55 billion-1.65 billion U.S. dollars; it has submitted documents to the U.S. Securities and Exchange Commission (SEC) and plans to issue 75 million Class A ordinary shares. Microsoft lays off 4,800 people, with Xbox division hardest hit Microsoft (MSFT.US) announced on Monday that it would cut 4,800 jobs, accounting for about 2.1% of the company's global workforce, including about one-fifth of its employees in the Xbox gaming division. As part of the changes announced on Monday, Microsoft also said it will sell or spin off four game development studios and is evaluating strategic options for a fifth studio. Dell rose more than 4% in the previous session after Trump praised the company Trump posted on social media praising Dell Technologies (DELL.US) for its donation to the "Trump Accounts" project, saying the move "demonstrates the generosity of the American spirit." Citi predicts that the prospects of U.S. chip stocks will be divided: bullish on Micron Technology and bearish on Qualcomm Citi analysts said in a research report: "Given that DRAM chip prices are expected to rise in the second half of 2026, Micron Technology (MU.US) will be included in the "upside catalyst" watch list; at the same time, due to weak smartphone sales growth, Qualcomm (QCOM.US) will be included in the "downside catalyst" watch list." Citi analysts said: "Fundamentally speaking, artificial intelligence computing demand is still in short supply, and the recent AWS EC2 The 20% increase in GPU prices reflects this. The shortage of DRAM is the biggest constraint on the current supply of computing power.” Solstice spends $14.5 billion to acquire Element Solutions, further focusing on the AI market
Solstice Advanced Materials (SOLS.US), an independent company spun off from Honeywell (HON.US), announced that it will acquire fellow specialty chemicals company Element Solutions (ESI.US) for US$14.5 billion in order to capture the growing demand for artificial intelligence (AI) data centers and chip industries. The deal will create a larger supplier of materials for semiconductor manufacturing, electronics and industrial applications. The combined company will deeply integrate Solstice's refrigerants, specialty materials and uranium conversion businesses with Element Solutions' electronic chemicals portfolio. Toyota to move pickup truck production from Mexico plant to Texas Toyota Motor Corp (TM.US) is moving production of its Tacoma midsize pickup truck from a plant in Mexico to San Antonio as part of a $3.6 billion upgrade of the Texas plant. The company will build a second production line at its San Antonio plant, which currently produces full-size pickup trucks and SUVs, creating about 2,000 jobs by 2030. The expansion of the San Antonio plant will double its size to approximately 5 million square feet, bringing Toyota's cumulative investment in the base to $8.3 billion since groundbreaking 23 years ago. South32 US$2 billion zinc and manganese mine project in Arizona, USA, will be approved According to foreign media reports, the Trump administration will approve the US$2 billion zinc and manganese mine project planned by mining company South32 (SOUHY.US) in Arizona on Tuesday local time. The U.S. Forest Service plans to issue a decision approving the project near the U.S.-Mexico border, according to a U.S. Forest Service statement. The Trump administration had previously provided fast-track approval for the project, and the Federal Licensing Improvement Steering Committee listed it as a priority project for rapid review, making it the first mining project to receive expedited approval from the U.S. Department of Agriculture. The USDA said the critical minerals project contains one of the world's largest untapped zinc deposits, as well as other mineral resources critical to steel production and high-capacity battery manufacturing. Australia-based South32 said the mine, located in the Patagonia Mountains about 80 kilometers southeast of Tucson, Arizona, is expected to be fully operational in 2029. South32 plans to prioritize supplying copper mined from the mine to domestic smelters in the United States. Southbound Fund Tracking｜Net buying exceeded HK$20.5 billion in a single day, hitting a new high in nearly one and a half months. AI hardware concept stocks were sold off Data shows that southbound funds traded approximately HK$147.391 billion yesterday, a volume increase of approximately HK$21.9 billion from the previous day; approximately 46.83% of the total transaction volume of the Hang Seng Index, accounting for more than 40% and higher than the short-term average. Hong Kong stocks continued to rebound yesterday, with all three major indexes rising. Southbound funds’ net purchases were approximately HK$20.527 billion, a new single-day net purchase since May 18. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$12.552 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$7.976 billion. It is worth mentioning that the two ETFs, Tracker Fund (02800.HK) and Hang Seng China Enterprises (02828.HK), received net purchases of HK$6.868 billion and HK$964 million respectively. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial.