Coinbase shares slipped after Q2 results despite prediction markets doubling and record trading market share. The company said 88% of net revenue now comes from sources other than bitcoin spot trading.
Amazon’s autonomous vehicle subsidiary Zoox has received approval from the National Highway Traffic Safety Administration (NHTSA) to operate paid robotaxi services across the United States without a steering wheel or manual controls. This is the first time the US has approved a commercially produced vehicle for fully driverless operation, marking a new phase in autonomous vehicle commercialization.
Core Summary According to BBC reports, Chinese-made intelligent robots are sparking an automation revolution in UK retail. From large supermarket chain warehouses to high street retail stores, Chinese robotic products have penetrated every segment of the UK retail industry. These robots handle not only traditional tasks like transport and sorting, but have also begun taking on advanced functions including customer service, inventory management, and data analysis—marking Chinese intelligent manufacturing’s growing presence in the global retail sector. ...
Core Summary Meta Platforms released its Q2 FY2026 earnings after market close on July 29. While revenue grew, net profit failed to meet Wall Street expectations, triggering a sharp market reaction. Following the report, Meta stock plunged nearly 10% in after-hours trading, marking one of its largest single-day declines recently. Investors expressed serious concerns about the company’s massive capital expenditure plans for artificial intelligence, questioning when these investments would translate into actual returns. ...
Core Summary Microsoft released its Q2 FY2026 earnings after market close on July 29, delivering results that exceeded Wall Street expectations. Net profit surged 31% year-over-year to record levels, while Azure cloud revenue crossed the $100 billion quarterly milestone for the first time, growing 29% year-over-year. AI services, particularly Azure OpenAI and enterprise AI solutions, emerged as the primary growth engine driving the beat. Event Details According to the Wall Street Journal, Microsoft’s Q2 revenue reached $69.6 billion, beating analyst estimates of $68.1 billion. Adjusted earnings per share came in at $3.34, above the expected $3.18. This marks Microsoft’s third consecutive quarter of double-digit growth, demonstrating that its strategic pivot to cloud services and artificial intelligence is yielding significant results. ...
Core Summary Former US chief health official Anthony Fauci invoked his Fifth Amendment rights at a Senate Covid origins hearing on July 29, refusing to answer lawmakers’ questions. Fauci expressed concern that Republicans could use his testimony to prosecute him for perjury. The hearing was marked by tense exchanges, including a heated argument with Senator Rand Paul. Event Details According to NBC News, Fauci repeatedly invoked his constitutional Fifth Amendment right against self-incrimination during the Senate HELP Committee hearing, refusing to answer questions about the origins of the pandemic and prevention/control policies. ...
Core Summary US stocks suffered a major selloff on July 29, with the Dow Jones Industrial Average plunging 900 points, a drop of over 2%, marking the largest single-day decline in recent weeks. Market panic intensified ahead of the Federal Reserve’s upcoming interest rate decision, as investors grew deeply concerned about recession risks and monetary policy direction. Analysts warn that market volatility could persist for weeks. Event Details According to CNBC, the Dow Jones Industrial Average closed down 900 points on July 29, with the S&P 500 and Nasdaq Composite also falling sharply. This selloff was driven by multiple converging factors: Federal Reserve policy uncertainty, mixed corporate earnings performance, and escalating geopolitical tensions. ...
Core Summary Wildfires in southern Europe continue to worsen. Two firefighters tragically died while battling blazes on the Greek island of Crete, while France’s Gironde region sees thousands of hectares of forest destroyed and authorities urgently evacuate multiple villages. The combination of high temperatures, strong winds, and drought creates severe firefighting challenges. Weather services warn that fires may become even more uncontrollable in the coming days. Event Details According to BBC News, a severe wildfire broke out on the Greek island of Crete on July 29, with strong winds fueling rapid fire spread and forcing authorities to urgently evacuate multiple villages. Two firefighters died during rescue operations, with several others injured. Greek civil defense authorities have requested EU aerial firefighting support. ...
Core Summary Iran launched renewed missile attacks on the evening of July 29, prompting joint US-Saudi strikes against Tehran-backed militia positions in Iraq. President Trump warned Iran is “going to get a beating” as regional tensions escalate dramatically. The conflict marks the collapse of fragile ceasefire agreements and raises international concerns about full-scale regional war. Event Details According to the Associated Press, Iran fired multiple missiles on the evening of July 29, targeting US military facilities and allied targets in the Middle East. In response, the United States and Saudi Arabia launched joint airstrikes against multiple Iran-backed militia positions in Iraq. ...
Russia’s Investigative Committee filed criminal charges against Telegram founder Pavel Durov on July 29, accusing him of facilitating security threat activities through the platform. The charges carry a maximum sentence of life imprisonment and follow over 100 million rubles in fines imposed on Telegram this year.