Apple’s market capitalization surpasses $5 trillion, making it the second company ever to reach this milestone. Meanwhile, investors are pulling back from overvalued AI stocks and rotating into more stable tech blue chips.
According to an exclusive Reuters report, China has begun mass production of domestically developed immersion DUV lithography equipment, marking a significant step toward semiconductor self-sufficiency.
A judge has blocked Minnesota from enforcing its prediction market ban, clearing the way for platforms like Kalshi and Polymarket to operate in the state.
Bitcoin shed about 2% as South Korea’s Kospi plunged 11% and the U.S. Senate shelved the crypto market structure bill, leaving the market facing a pivotal Fed decision on Wednesday.
According to BBC News, the U.S. delegation walked out of a UN Security Council meeting during France’s remarks. The diplomatic incident followed the U.S. joining North Korea and Russia in voting against extending the term of the UN High Commissioner for Human Rights.
According to BBC News, pop star Ariana Grande is suing to discover the identity of hackers who obtained unreleased photos and songs.
According to Reuters, a strong earthquake in Japan has injured at least 50 people and severely disrupted power and transportation in affected areas. Rescue operations are underway.
[Core Summary] On July 28, Spain and France braced for a new heatwave, with temperatures expected to exceed 40°C in some regions. Meanwhile, a wildfire near Bordeaux in southwestern France has raged for nearly four days, burning over 420 square kilometers and forcing more than 300,000 people to evacuate. The extreme heat has further complicated firefighting efforts as Europe faces one of its most severe wildfire threats in recent years. ...
[Core Summary] On July 28, global chipmaker stocks suffered heavy losses in US and Asian markets, with South Korea’s KOSPI index plunging 10% and triggering a trading halt. The selloff was driven by investor concerns over the return on AI investments and fears of intensifying competition from China, marking a significant test for the tech bull market. [Event Details] According to BBC, South Korean stocks suddenly tumbled in Tuesday morning trading, with the composite index dropping 8% to 10% in a short period, forcing the exchange to activate circuit breakers and halt trading. This marks the worst single-day decline for the Korean market since March 2020. ...
[Core Summary] Johnson & Johnson announced on July 28 a settlement offer of up to $5.5 billion to resolve years-long litigation claiming its talc-based baby powder products caused cancer. If approved by the court, the settlement would provide compensation to thousands of consumers who alleged that the company’s talc products were contaminated with asbestos. [Event Details] In court filings submitted Tuesday, J&J said it would establish a $5.5 billion compensation fund to resolve all pending talc-related cancer lawsuits. The company emphasized that the decision does not constitute an admission of product safety issues, but rather aims to “avoid the uncertainty and costs of prolonged litigation.” ...