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Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.

Nepal-Tibet Flood Kills 469, Leaves 39 Australians Missing and Rebuild Nearing $5 Billion

A glacier collapse on the China-Nepal border killed at least 469 people, left 39 Australians missing and could cost $5 billion to rebuild.

Judge Rules Trump Administration Illegally Blacklisted AI Firm Anthropic

A federal judge ruled Thursday that the Trump administration illegally blacklisted AI company Anthropic in retaliation for criticising the Pentagon.

Warren Buffett Still Steers Berkshire Stock Picks as Abel Runs Company

Warren Buffett and portfolio manager Ted Weschler appear to be making Berkshire Hathaway's equity decisions while CEO Greg Abel runs operations.

State Farm Returns $5 Billion to Auto Policyholders Insured in 2025

State Farm will pay roughly $5 billion in cash-back dividends to auto policyholders insured in 2025. Here's who qualifies and how to check eligibility.

Treasury’s Doubled Bond Buybacks Push Bitcoin Toward $80,000 as ETF Flows Reverse

Bitcoin surged toward $80,000 after the U.S. Treasury said it would double bond buybacks, reversing ETF outflows and weakening the dollar.

US Treasury Doubles Bond Buybacks as National Debt Hits $40 Trillion

The U.S. Treasury has doubled its bond buyback operations as national debt reached $40 trillion, aiming to steady demand amid rising long-term yields.

Trump Lifts Tariffs on 300,000 Tonnes of Ground Beef for 90 Days

President Trump will allow tariff-free imports of up to 300,000 metric tonnes of ground beef for 90 days to ease U.S. prices amid a shrinking cattle herd.

Tesla Recalls 3 Million Vehicles in China Over Door Handles

Tesla will voluntarily recall about 3 million vehicles in China over door handle safety and driver monitoring flaws, the country's largest auto recall.

Bessent’s Treasury Bond Buying Drives Inflation Bets to Two-Month High

Scott Bessent's Treasury intervention in bond markets is stirring inflation worries, with breakeven rates hitting two-month highs and testing Fed credibili

Shein Delays Hong Kong IPO to September After Four-Year Listing Struggle

Shein has pushed its Hong Kong stock market debut to no later than September 1, extending a four-year effort to go public across three cities.

30-Year Treasury Yield Tops 5.3%, Highest Since 2007

The 30-year U.S. Treasury yield climbed above 5.3% the week of August 21 as national debt nears $40 trillion, reviving fiscal warnings and 1987 comparisons

Griffin Says Citadel Shed Over $4 Billion of Situational Awareness Bets

Ken Griffin told clients on August 21 that Citadel unwound more than 80% of the risk from its Situational Awareness acquisition, selling over $4 billion in

Ray Dalio Warns Bessent’s Bond Buyback Points to Nearing Debt Crisis

Ray Dalio says the Treasury's latest bond buyback points to a nearing U.S. debt crisis and recommends gold and bitcoin as hedges.

Broadcom Seeks Up to $80 Billion in Debt for AI Chip Financing Deal

Broadcom is in talks to raise as much as $80 billion in debt to finance a custom chip deal tied to the AI infrastructure boom, reports said Friday.

Bitcoin Tops $79,000 in Best Week Since 2023 as Short Squeeze Fuels Rally

Bitcoin climbed above $79,000, its strongest week in over two years, driven by a short squeeze, rising ETF inflows and new CFTC rule-making.

Treasury Buyback Plan Fails to Calm Markets as Bond Yields Rebound

U.S. bond yields rebounded within days of a Treasury buyback expansion, as JPMorgan warned the intervention only delays deeper problems.

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