MORNING ACTOR HAYDEN PANETTIERE DEAD AT THE AGE OF 36. THE STAR OF HEROES IN NASHVILLE FOUND UNRESPONSIVE IN HER HOME. WHAT WE KNOW RIGHT NOW.ALSO BREAKING DEADLY SEVERE WEATHER IN THE MIDWEST. AT LEAST SEVEN PEOPLE KILLED IN INDIANA AFTER TORRENTIAL RAIN. WE'RE ALSO TRACKING THE DAMAGE IN HAWAII AFTER TROPICAL STORM LYLA.OUR REPORTERS ARE IN BOTH STORM ZONES THIS MORNING. THE LAST MINUTE NEGOTIATIONS BETWEEN THE U.S. AND CANADA BEFORE NEW 50% TARIFFS ARE IMPOSED ON ONE OF OUR BIGGEST TRADE PARTNERS. THE WE ...

AI from China's Alibaba has recently blown past technology from Meta and Alphabet in terms of popularity. Global downloads of Alibaba's Qwen in the last 6 months have passed 3 billion, making it the most popular model in the world. Google had about 400 million downloads in the same time period, and Meta had about 200 million.That's according to a report from software development platform Hugging Face. It shows Alibaba's technology is also eclipsing popularity of other Chinese models, including those from De ...

From @WSJopinion: The legal attacks on Meta let politicians pretend to protect children while the trial lawyers reap giant paydayshttps://t.co/ECwc8PfKSZ ...

Legal and Regulatory Risks - Meta Platforms faces a landmark trial addressing allegations of social media addiction and child privacy violations, impacting Instagram and Facebook operations [1][2] - Geopolitical tensions in the Strait of Hormuz heighten concerns over potential disruptions to global oil supply as shipping activity slows [6] Market Trends and Macroeconomic Environment - US stock futures hold steady following a 3-week winning streak for the S&P 500 while investors await key retail earnings reports [2][3] - Japan's economy grows at an annualized rate of 1.1% in the second quarter, missing expectations due to weaker consumer spending and subdued capital investment [5] Corporate Investment and M&A Activity - Workday shares surge 25% following reports of a possible takeover bid by private equity firm Silver Lake [3] - Major technology companies, including Alphabet, spend nearly $3 trillion on artificial intelligence investments [4] - Nvidia commits $3 billion to expand power and data center infrastructure for AI computing, while Nebulus raises its contracted power guidance to 5 gigawatts by year end [6][7] Financial Performance and Corporate Transactions - Fabrinet forecasts earnings per share of $3.58 with revenue projections over $1.2 billion, while HWorld Group expects 84 cents and XP Inc. expects 50 cents [9] - Yala Group projects revenue of just over $79 million [9] - Notable insider transactions include Sea Limited COO selling 60,000 shares for $7.4 million, Cascade Investment purchasing 362,960 shares of Republic Services for $78.3 million, and Ignition Acquisition Holdings selling over 8 million shares of Openlane for $274.8 million [9]

Big Tech's AI-related commitments are piling up. The bond market has its eye on Meta and Oracle, both of which are beginning to look stretched, @nirkaissar says (via @opinion) https://t.co/lKGKNVrTr5 ...

Macroeconomic Trends & Central Bank Policies - U.S. budget deficit exceeded $400 billion, showing a 25% wider gap than expected [5] - U.S. underlying core inflation remained sticky under 2.5%, prompting market pricing for one interest rate hike this year [6] - Japan's second-quarter GDP grew by 1.1% on an annualized basis, missing the 2% consensus expectation [71][79] - Singapore's non-oil domestic exports rose by 22.4%, with electronics exports surging 112% year-on-year [117] Industry Dynamics & Corporate Performance - Anthropic surged above $11 billion ahead of a potential mega IPO, with revenue doubling last quarter [1][8] - Jane Street posted $15 billion of losses in July due to one-way bets in Asian equity markets and AI hedge fund investments [23] - Alibaba's Qwen AI models accumulated more than 3 billion global downloads in six months, surpassing Meta and Google [23][24] - Gina Rinehart's investment vehicle acquired a stake of just over $1 billion in SpaceX, making it her largest position [111]

On Bloomberg This Weekend, California Attorney General Rob Bonta spoke about leading a coalition of states in a landmark lawsuit against Meta. Prosecutors accuse the social media company of designing its apps to deliberately addict young users. https://t.co/MKJsrK6tVi ...

On the latest episode of Equity podcast, we discuss why not everyone is buying Zuckerberg’s vision.https://t.co/96A06GKXm8 ...

Is this social media’s “big tobacco” moment? Ahead of opening statements this week in the multistate federal trial against Meta, California @AGRobBonta says, “We are not interested in putting them out of business. We are interested in ending the harmful, unlawful features that hurt kids.” ...