News

Stellantis shares, listed in Milan, turned lower, falling 3.8%, after the National Highway Traffic Safety Administration announced that Chrysler would recall 74,578 vehicles in the United States.

Walmart (WMT.N) CEO: More than 11,000 items were discounted in the second quarter, compared to 7,200 in the first quarter.

S&P 500 futures extended their losses to an intraday low of 0.5%.

Walmart (WMT.N) CEO: Continued growth in affluent consumers will drive the company's growth.

Coreweave (CRWV.O): Hudson River Trading will conduct artificial intelligence research on the CoreWeave platform using NVIDIA Vera Rubin NVL72 and HGX B200.

Nasdaq futures fell further to 0.5%.

Cloudera, a US-based data management and cloud data platform company, announced native GPU acceleration support for Apache Spark 4.1.

Alibaba (09988.HK): The revenue generated by artificial intelligence applications and model services has exceeded RMB 16 billion.

Alibaba (09988.HK): Productivity agents are expected to become another engine for annual recurring revenue growth.

Alibaba (09988.HK): Alibaba Cloud is undergoing a comprehensive upgrade, transitioning to an intelligent agent cloud. Revenue growth from artificial intelligence and cloud services is expected to accelerate further in the coming quarters.

The yield on Germany's 5-year government bonds rose 1 basis point, hitting 3% for the first time since 2008.

Indian government: India's infrastructure output rose 5.4% year-on-year in July. From April to July, infrastructure output rose 4.3% year-on-year.

India's main industrial output rose 5.4% year-on-year in July.

The Deputy Governor of the Reserve Bank of India stated that expanding the market maker base, increasing the participation of public sector banks, and encouraging the development of electronic trading platforms are key tasks that need to be promoted.

The Deputy Governor of the Reserve Bank of India stated that a recent review revealed some loopholes in banks' policies regarding the management of customer transactions.

The Deputy Governor of the Reserve Bank of India stated that the gap between regulatory intent and market outcomes is most pronounced in any area than in retail foreign exchange pricing.

According to Iran's Mehr News Agency, the Israeli Transportation Minister, in response to the operational disruption at Tel Aviv's Ben Gurion Airport, blamed the crisis primarily on a US fuel supply company. The Minister claimed that the disruption to the US fuel supply company's operations was the direct cause of the chaos and passenger delays at the airport.

Rosenblatt Securities initiates coverage of Alphabet (GOOGL.O) with a buy rating and PT $410, and of Amazon (AMZN.O) with a buy rating and PT $335.

Rosenblatt Securities: Initiated coverage of Alphabet (GOOGL.O) with a buy rating and a price target of $410. Also initiated coverage of Amazon (AMZN.O) with a buy rating and a price target of $335.

Paul Musgrave, associate professor of government at Georgetown University Qatar, points out that US President Trump's attempt to exert economic pressure on countries that trade with Iran is "very difficult to achieve." He states that Trump is trying to implement sanctions unilaterally—the kind that traditionally requires multilateral coordination—meaning he must secure the cooperation of key powers such as Russia and the permanent members of the UN Security Council. However, he adds that if Trump can actually push through these sanctions, it could still "bring some results" for the US. Musgrave also points out that one advantage for the US is that Iran's trade is highly concentrated in a few countries, including the UAE, which has already suspended related trade.