Global TradFi & Macroeconomics

AMD spent $808M on capital expenditures in Q2 2026, a sharp increase from its historical asset-light strategy that kept annual capex at approximately $1B while generating $6.7B in free cash flow in 2025. The spending shift represents a departure from more than a decade of discipline under CEO Lisa

According to JPMorgan Chase, over the past 12 months, major AI cloud providers (Google, Amazon, Microsoft, Meta) have seen net profits reach approximately $599 billion, while free cash flow after capital expenditures stood at only $169 billion, widening the gap to $430 billion. By end-2023, net pro

MicroStrategy announced participation in the 'Invest America' pledge program, contributing $250 annually per child to Trump savings accounts for all qualified children of U.S. employees under 18 years old. The Trump account is a savings and investment program designed for children. The move comes

Raymond James maintained its $800 price target for SpaceX as the company's computing capacity increased 40% to reach 1.4GW at quarter-end. SpaceX reported revenue exceeding $1 billion and secured a $6.7 billion cloud contract, supporting targets of over 2GW capacity and $100 billion annualized reven

SK Hynix released a statement on August 5 denying reports of a 5 trillion won pre-IPO for its U.S. subsidiary Solidigm. The company confirmed that while Solidigm is reviewing various strategic options to enhance competitiveness, no concrete plans have been finalized. SK Hynix committed to provide

US military operations near the Strait of Hormuz face resource constraints as Iran and Oman negotiate control frameworks for the waterway's reopening. Reuters reported that the US Army has effectively depleted long-range ATACMS and PrSM missile stockpiles in the Iran conflict, while Patriot,

According to Gate market data, on August 11, Hong Kong's Hang Seng Index closed down 284.67 points, down 1.1%, to 25,652.82. The Hang Seng Tech Index fell 95.04 points, down 1.93%, to 4,824.42.

Foxconn achieved record monthly revenue of 946.5 billion Taiwan dollars (approximately $29.3 billion USD) in July, marking the first time a single month exceeded 900 billion Taiwan dollars, with year-over-year growth of 54.2% and month-over-month growth of 15.2%. The surge was driven by AI server de

Uber's stock declined 3% in pre-market trading after the company posted second-quarter results broadly in line with expectations but guided to third-quarter gross bookings of $58.25B–$60.25B, falling short of the $59.32B consensus estimate. For Q3, Uber guided adjusted EBITDA of $2.86B–$2.96B,

US mortgage applications declined 2.9% for the week ending July 31 as the 30-year average mortgage rate climbed to 6.81%, its highest level in over a year. Rising interest rates suppressed demand, with the purchase index falling 3.6% and the refinance index dropping 1.9%. The mortgage rate

The US Treasury has shifted its debt funding strategy toward short-term bills rather than long-term bonds, issuing $413 billion in net new short-term debt through July — 15% more than the entire amount issued in 2025. The change comes as 30-year Treasury yields reached 5.23%, the highest level

According to ADP, private companies added only 44,000 jobs in July, down sharply from 95,000 in June and below market expectations reported Wednesday. Almost all job gains came from healthcare-related sectors, while goods-producing industries saw a net loss, according to

Eli Lilly stock rose 5% in premarket trading on August 11 after the drugmaker posted second-quarter results that beat expectations, with adjusted earnings per share of $8.38, up 32% year-over-year versus the $6.37 estimate. Second-quarter revenue reached $22.97 billion, up 48% year-over-year and

CRCL released its second-quarter financial results, reporting total revenue of $701.3 million, a 7% year-over-year increase but a modest 1% quarter-over-quarter gain that fell short of the market's $713 million expectation. Earnings per share came in at $0.18, slightly exceeding the consensus

Michael Burry warned of a potential 1987-style market crash after the S&P 500 reached a new high following a 5% gain in 4 trading days. He cited historical precedents where similar rapid rallies preceded major market downturns and maintained bearish positions across multiple tech stocks. Burry's war

Micron has secured 16 strategic customer agreements covering approximately $100 billion in minimum revenue from 2026 to 2030, according to contract details. The majority are five-year deals beginning in 2026, with automotive contracts typically spanning three years. These agreements already cover r

For the week ending July 31, U.S. mortgage purchase applications fell 3.6% and refinance applications declined 1.9%, as rising interest rates weighed on demand. The 30-year mortgage rate increased 5 basis points to 6.81%, hitting its highest level in over a year. The surge in mortgage rates

Michael Burry closed his long position in Microsoft and short position in Oracle. The position closure followed contrasting financial trajectories between the two companies. Microsoft reported Azure cloud revenue growth of 43%, remaining performance obligations of $678 billion, and projected

According to Bloomberg analysis, the U.S. Treasury has significantly increased short-term debt issuance, with net new bill offerings reaching $413 billion through July—15% higher than the entire 2025. The shift reflects rising long-term borrowing costs, as 30-year Treasury yields reached 5.23%, the

According to CFRA Chief Investment Strategist Sam Stovall, after a 2% or greater decline, the Nasdaq-100 historically rallied the next day 55% of the time since 1985, with a 58% probability of gains within five days. If the July 29 market correction marks the adjustment end, historical patterns