Market Brief
U.S. National Debt Surpasses $40 Trillion as Economists See No Path to Zero
The U.S. national debt has surpassed $40 trillion, while economists say a full repayment is unlikely in the modern era.
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The U.S. national debt has surpassed $40 trillion, while economists say a full repayment is unlikely in the modern era.
Shein's expected IPO valuation has fallen below $30 billion, well below earlier targets of $30–40 billion in Hong Kong and at least $50 billion for its previously planned London listing.
Standard Chartered projects Chainlink's LINK token could reach $200 by 2030 as tokenization and DeFi adoption accelerate.
Unitree Robotics plans to raise about $904 million in a Shanghai IPO that would value the Chinese humanoid robot maker at approximately $7.5 billion.
Zimbabwe has limited government gold purchases to $300 million this year in an effort to reduce exposure to fluctuations in global gold prices.
Asia recorded its largest month ever for share sales, led by SK Hynix's blockbuster U.S. listing and continued investor demand for AI-related companies.
xAI has launched Imagine Image 2.0, the latest version of its AI image generation model, expanding its multimodal artificial intelligence platform.
SpaceX's post-IPO lock-up period has ended, allowing insiders to sell up to 911.5 million shares for the first time.
Sequoia Capital raised $10 billion and plans a record $2.5 billion investment in Anthropic as it doubles down on AI and U.S. reindustrialization.
Meta has introduced Muse Code, its first AI coding agent, as it expands its AI portfolio to compete with OpenAI and Anthropic.
SpaceX confirmed plans to enter the U.S. mobile telecom market, pressuring Verizon and AT&T shares as investors weighed a new competitive threat.
Citadel’s Wellington fund gained 5.9% in July after purchasing discounted AI stocks from Situational Awareness during the market selloff.