News

According to the Iraqi state news agency, citing official sources, the Federal Reserve has transferred $500 million in cash to the Central Bank of Iraq.

According to Reuters, four industry sources said a proposed agreement between Iran and Oman would give Tehran control over ships entering the Gulf via the Strait of Hormuz, but the deal is unlikely to be implemented due to U.S. sanctions and restrictive insurance clauses on any payments.

Sources say ExxonMobil (XOM.N) has informed Kazakhstan of a potential $80 billion joint investment to expand the Kashagan oil field, but the deal hinges on resolving a long-standing $150 billion dispute between the government and international oil companies.

According to The Information, Nvidia is testing at least three Rubin Ultra GPU variants.

According to The Information, Nvidia is weighing a major adjustment, considering using less high-bandwidth memory for its Rubin Ultra GPUs, in response to a shortage of advanced high-bandwidth memory chips.

According to Interfax news agency, the Russian Ministry of Defense stated that the Russian military used drones to strike a logistics center in the Kyiv region.

According to Punchbowl: U.S. Vice President Vance will attend a Senate Republican luncheon today. Vance is expected to discuss legislative issues such as government funding arrangements and the SAVE bill.

US fintech company Marqeta expands its partnership with Google to launch a new service called Wallet for Kids.

According to Iran's Fars News Agency: Under the agreement, US and Israeli ships are prohibited from passing through the Strait of Hormuz.

Alphabet (GOOG.O) large bond offering drew about $115 billion of demand.

Alphabet's (GOOG.O) massive bond issuance attracted demand of approximately $115 billion.

Musk: I roughly estimate that about 25% of TeraFab’s AI computing output is used for Tesla’s (TSLA.O) Optimus and about 75% for AI spacecraft.

Canadian Prime Minister Carney: We are considering a comprehensive trade agreement with the United States; we are not interested in targeted agreements.

Canadian Prime Minister Carney: The government supports Canadian businesses. The economic transformation is beginning to show in the data.

Canadian Prime Minister Carney: Canadian trade negotiators are in Washington this week. Trade negotiations with the United States are difficult; the country is considering all options.

The U.S. Treasury Department website shows that the United States has imposed new sanctions on Cuba.

US Treasury auction for the 8 weeks ending August 6 - winning bid rate allocation percentage: 17.93%, previous value: 19.59%.

Ireland's fiscal balance stood at a deficit of €600 million at the end of July, compared with a surplus of €4.1 billion in the same period last year. The Treasury stated that the decline in the balance was due to the impact of retroactive tax payments from Apple (AAPL.O) and the timing of sovereign wealth fund transfers.

BNP Paribas raises its price target for Western Digital (WDC.O) from $660 to $700.

A Republican senator has proposed repealing California's vehicle emissions regulations.