Spot gold rose 2.1% to $4,342 on Friday after US payrolls fell 23,000 in July, reviving rate-cut bets and lifting the metal from a three-month low.
Category: Markets
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S&P 500 Closes at Record 7,757 as Weak Jobs Data Lifts Rate-Cut Odds
The S&P 500 set a new all-time high of 7,757.64 on August 7, 2026, as a sharply weaker-than-expected US jobs report dimmed Federal Reserve rate-hike expectations and sent technology shares sharply higher.
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Firmware Bug From 2021 Drained $140 Million from Coldcard Bitcoin Wallets
A 2021 firmware error in Coinkite’s Coldcard wallets made seed phrases predictable, letting hackers drain over $140 million in bitcoin in 41 minutes.
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SK Hynix Suffers Second Flash Crash on South Korea’s Nextrade in a Week
SK Hynix shares plunged 30% in pre-market trading on Nextrade on August 6 — the second such incident in eight days — as South Korea’s alternative bourse faces calls to tighten its volatility controls.
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Palantir Surges 29% After Q2 Revenue Hits $1.93 Billion on 93% Growth
Palantir’s Q2 2026 results shattered expectations as US commercial revenue grew 149% year-on-year, US government revenue jumped 90%, and the stock surged nearly 30% — making it the standout earnings story of the week.
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Dow Closes at Record 53,178 as Oil Falls on Iran Pause
Wall Street set records on August 3 as the Dow surged 693 points to 53,178.41, powered by a 5% drop in Brent crude on signals of Iran de-escalation.
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Alphabet, Amazon and Microsoft Add $1.5 Trillion After AI Cloud Earnings Vindicate Capex
Alphabet, Amazon and Microsoft’s cloud beats sent the S&P 500 to its best week since October 2023, adding $1.5 trillion in combined market value as investor anxiety over AI spending reversed.
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Westinghouse Files Confidentially for US IPO Amid Nuclear Energy Boom
Westinghouse Electric Company has submitted a confidential draft IPO prospectus to the SEC, joining a wave of nuclear firms tapping public markets as AI data centre power demand reshapes the energy investment landscape.
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Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.
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Amazon Q2 Revenue Crosses $200 Billion for the First Time as AWS Grows 37%
Amazon reported $200.6 billion in Q2 2026 net sales on July 30, the first time a single quarter has crossed that threshold, as AWS cloud revenue rose 36.7% to $42.2 billion — its fastest growth in 18 quarters.