Market Overview - Major stock indices showed mixed performance, with the Dow Jones Industrial Average slightly up by 0.04% at 44,938.31, while the Nasdaq fell by 0.67% to 21,172.86 [2] - European markets also experienced declines, with the DAX down by 0.60% to 24,276.97 and the CAC40 down by 0.08% to 7,973.03 [2] - In Asia, the Taiwan Weighted Index dropped significantly by 2.99% to 23,625.44, while the Indian Sensex rose by 0.26% to 81,857.84 [2] Federal Reserve Insights - The Federal Reserve decided to maintain the federal funds rate target range at 4.25%-4.5% during the July 29-30 meeting, amid concerns over economic growth and inflation [2] - There is a notable internal division within the Fed regarding future monetary policy, with market participants closely watching for comments from Chairman Powell at the upcoming Jackson Hole conference [2] Military Developments - Israel's military has begun operations to capture Gaza City, with plans to expedite the timeline for defeating Hamas [4] - Approximately 1 million Palestinian civilians are expected to evacuate, and humanitarian infrastructure is being established in southern Gaza [4] NATO and Ukraine - NATO's 32 member countries reaffirmed their support for Ukraine during a recent defense ministers' meeting, emphasizing the need for a just and lasting peace [5] - The EU is considering establishing a treaty similar to NATO's Article 5 for Ukraine, which would ensure collective defense among member states [5] Corporate Developments - Alibaba Group announced plans to spin off its subsidiary, Zhaoma Network, for an independent listing on the Hong Kong Stock Exchange, retaining over 30% ownership post-split [6] - OpenAI reported achieving a milestone of $1 billion in monthly revenue for July, with expectations of tripling its annual revenue to $12.7 billion this year [7] - Google launched the Pixel 10 series smartphones, integrating advanced AI features to compete with Apple [8] - Intel is reportedly negotiating with large investors for discounted equity stakes to fund production aligned with customer demand [9]