Sat. Jul 18th, 2026
Trending News: AI Equity Boom Creates New Wave of Multimillionaires in San FranciscoNvidia Says Vera Rubin AI Platform Remains on Schedule Despite Delay ReportsUK Nationalizes British Steel to Safeguard Domestic Production and JobsPaytm Board to Consider Fintech Company’s First-Ever Bonus Share IssueSBI Funds Management’s $1 Billion IPO Draws $31 Billion in BidsEnergy Allocation Stands Alone as Tech-Led Rotation ReversesU.S. Housing Starts Jump 19% in June as Multifamily Construction ReboundsAutoliv Earnings Miss Highlights Deteriorating Global Auto ProductionWealth Enhancement Adds Advisory Teams Managing More Than $993 MillionMozilla Finds Period Tracker Stardust Shared Sensitive Health Data With Analytics ProviderApple Escalates OpenAI Trade-Secret Fight With Legal Letters to Former EmployeesLinux Foundation Launches x402 Payments Group With 40 Finance and Tech FirmsUK Regulator Clears eBay’s $1.2 Billion Acquisition of DepopAllianzGI Enters Europe’s ETF Market With Three Active Equity FundsBank of Korea Raises Rates to 2.75% and Signals Further TighteningTravelers Q2 Profit Surges as Catastrophe Losses FallWorkers Trust Employer Financial Advisors but Still Doubt They Can Retire ComfortablySan Francisco Seeks Tougher Robotaxi Rules After Waymo GridlockDTCC Tests Tokenized Securities With JPMorgan, Goldman Sachs and BlackRockStudy Finds Most Major Article 8 Equity ETFs Retain Weapons or Fossil-Fuel ExposureBlackRock Assets Reach $15.3 Trillion After $192 Billion of Quarterly InflowsClient Referrals and Hiring Top RIAs’ 2026 Priority List, Schwab Survey FindsGoogle Turns AI Mode Into an App-Connected Task LayerRevolut Wins In-Principle Approval for Regulated Crypto Services in DubaiXFUNDS Debuts Memory-Chip ETF DRMY With Weekly Options Income StrategyUS Jobless Claims Fall to 208,000, Signaling Limited Layoff Pressure&Partners Recruits $864 Million Wells Fargo Advisor TeamAI Security Tool Uncovers 15-Year-Old Root Vulnerability in LinuxChina Clears Shein’s Long-Delayed Hong Kong IPOEthereum’s AI Security Test Uncovers Validator-Crashing Software FlawSK Hynix Jumps 13% After Record $26.5 Billion Nasdaq OfferingTreasury and Small-Cap ETFs Gain as SPY and QQQ Post Heavy RedemptionsProposed College Sports Law Leaves NIL Wealth Protections UnresolvedMeta Withdraws Instagram AI Image Feature Following Privacy BacklashPrologis Presses SEGRO Shareholders to Back Talks on $16.9 Billion CombinationSwift Blockchain Ledger Moves to Live Pilots With 17 Global BanksCiti Recruits Merrill Executive to Lead Northeast Wealth OperationsPublishers Accuse OpenAI of Concealing Evidence in ChatGPT Copyright CasePort of Los Angeles Deepens Shenzhen Partnership on Trade and Maritime TechnologyEquifax Agrees to Buy Mexico’s Círculo de Crédito for $750 MillionSuspicious Trading Preceded Record 41% of UK Takeover AnnouncementsMRP Launches Nasdaq-100 ETF Pairing Uncapped Upside With a Rolling Loss TargetCanada Adds 18,000 Jobs in June as Unemployment Rate Falls to 6.5%PepsiCo Posts 6.4% Revenue Growth and Affirms 2026 Financial GuidanceClara Launches Mastercard Fleet Card to Automate Fuel Tax Compliance in MexicoEuro Area Retail Trade Rebounds in May, Signaling Consumers Are Still Supporting GrowthSEC Adviser Disclosure Proposal Remains Unverified as Wealth Firms Watch Conflict RulesQualcomm Launches Updated Snapdragon AI PC Platform for Edge ComputingAirlines Cut Capacity on Maintenance Delays and Aircraft Grounding ConcernsBinance Moves to Lead $2B Valuation Round for Crypto Payments Platform MeshECB Considers Adjustments to Bank Liquidity Requirements in Ongoing Policy ReviewEqual-Weight S&P ETF Rebalancing Sparks Defensive Sector ReallocationUK Monthly GDP Release Indicates Modest Growth Amid Services WeaknessPhoenix Education Partners Q2 Results Highlight Education Sector Profitability PressureHigh-Net-Worth Clients Increase Allocation to Digital Asset Funds via Regulated VehiclesAI Infrastructure Boom Extends Across 43 States as Nvidia Maps Out Massive U.S. Supply ChainEnergy Markets Volatile Amid Supply Outlook AdjustmentsGlobal Banking Stability Signals Emerge from BIS Latest Risk Monitoring as Rate Cycle Pressures PersistApple Seeks U.S. Clearance to Buy Memory Chips From China’s CXMTPorsche Plans Cayenne Production Shift to Leipzig From Slovakia, FAZ ReportsSpain Rules Out More Time for Crypto Firms Ahead of EU Licence DeadlineRBA Lays Out Crisis-Era Policy Toolkit After Lessons From Pandemic Bond BuyingBluespring Acquires Kestra Affiliate Element Wealth Advisors in Atlanta RIA DealOnsemi Strikes $7 Billion Synaptics Deal to Expand in AI-Enabled DevicesDigital Euro Plan Clears Parliamentary Hurdle as ECB Models Potential Deposit OutflowsDefiance Debuts 2X Long DRAM ETF as Leveraged Semiconductor Funds ProliferateChina’s Central Bank Pushes Lenders to Lift Credit as Demand Stays WeakLegal Tech Firm Sues U.S. Over Order Limiting Foreign Access to Anthropic ModelsVolkswagen Marine Engine Carve-Out Draws Bain Capital BidReap Adds Circle’s USYC to Bring Tokenized Treasury Yield Into Business Finance PlatformNatixis and Loomis Sayles Roll Out Two Active Core-Plus Bond ETFsBritain Speeds Up End of Low-Value Parcel Tariff Loophole Hitting Shein-Style RetailTelcoin Opens Regulated On-Chain Bank Accounts Tied to eUSD StablecoinHedge Fund Performance Diverges Sharply as AI-Driven Equity Trades Reprice RiskEurozone PMI Shows Contraction Easing but Services Still Drag on GrowthTata Electronics Cyber Breach Claim Raises Apple and Tesla Supply-Chain Security QuestionsAirfares May Stay Elevated as Airlines Keep Fuel Savings From Iran DealXOVR Spotlights SpaceX Windfall as Private-Public ETF Model Gains AttentionKB Home Q2 Earnings to Show Whether Builders Are Still Absorbing Affordability PressureG7 Talks on Trusted AI Access Put U.S. Model Controls in the SpotlightFed Outlooks Split as Oil, AI Investment and Consumer Spending Pull Economy in Opposite DirectionsFlorida TikTok Suit Adds New Pressure on Social Platforms Over Child Safety RulesBloomberg Adds Electronic ABS Trading Workflow to Its Fixed-Income PlatformSpaceX’s Post-IPO Trading Puts Bankers and Funds on Alert After Historic ListingIndia Regulator Proposes Dynamic ETF Pricing Rules to Narrow NAV GapsUS Wealth Effect and Rate Outlook Shape Portfolio PositioningIndia Showcases Sovereign AI Ambitions at VivaTech 2026 in ParisU.S. Treasury Auction Dynamics Reflect Changing Demand for Long-Dated DebtChina Economic Data Watch: Industrial Output and Retail Sales Momentum Signals Uneven Recovery in 2026Sanctuary Wealth Onboards $477M Advisory Team with New Valen Private Capital LaunchEU Lawmakers and Member States Greenlight New Rules to Slash Tech Reliance on U.S., ChinaMarvell Set to Join S&P 500 After AI Boom Lifts ProfitabilityU.S. Fintech Funding Week Tops $1.9B with Ramp, AlphaSense and More Driving ActivityWestern Asset Management to Pay $100M SEC Penalty Over Trading MisconductWisdomTree Lists Space Economy UCITS ETF on London Stock ExchangeIndonesia Moves to Lift Asset Yields as Rupiah Pressure Forces Policy CoordinationBroadcom Reports 48% Revenue Jump but AI Guidance Fails to Satisfy InvestorsModern Wealth Adds $1.1 Billion Florida Advisory Firm to Expand Eastern FootprintU.S. Tech Stocks’ Market Dominance Reaches Record Levels, Presenting Macro RisksSpaceX Blocked From Fast-Track S&P 500 Entry as Record IPO Roadshow Begins
Wall Street, New York, USA
Sat. Jul 18th, 2026
Trending News: AI Equity Boom Creates New Wave of Multimillionaires in San FranciscoNvidia Says Vera Rubin AI Platform Remains on Schedule Despite Delay ReportsUK Nationalizes British Steel to Safeguard Domestic Production and JobsPaytm Board to Consider Fintech Company’s First-Ever Bonus Share IssueSBI Funds Management’s $1 Billion IPO Draws $31 Billion in BidsEnergy Allocation Stands Alone as Tech-Led Rotation ReversesU.S. Housing Starts Jump 19% in June as Multifamily Construction ReboundsAutoliv Earnings Miss Highlights Deteriorating Global Auto ProductionWealth Enhancement Adds Advisory Teams Managing More Than $993 MillionMozilla Finds Period Tracker Stardust Shared Sensitive Health Data With Analytics ProviderApple Escalates OpenAI Trade-Secret Fight With Legal Letters to Former EmployeesLinux Foundation Launches x402 Payments Group With 40 Finance and Tech FirmsUK Regulator Clears eBay’s $1.2 Billion Acquisition of DepopAllianzGI Enters Europe’s ETF Market With Three Active Equity FundsBank of Korea Raises Rates to 2.75% and Signals Further TighteningTravelers Q2 Profit Surges as Catastrophe Losses FallWorkers Trust Employer Financial Advisors but Still Doubt They Can Retire ComfortablySan Francisco Seeks Tougher Robotaxi Rules After Waymo GridlockDTCC Tests Tokenized Securities With JPMorgan, Goldman Sachs and BlackRockStudy Finds Most Major Article 8 Equity ETFs Retain Weapons or Fossil-Fuel ExposureBlackRock Assets Reach $15.3 Trillion After $192 Billion of Quarterly InflowsClient Referrals and Hiring Top RIAs’ 2026 Priority List, Schwab Survey FindsGoogle Turns AI Mode Into an App-Connected Task LayerRevolut Wins In-Principle Approval for Regulated Crypto Services in DubaiXFUNDS Debuts Memory-Chip ETF DRMY With Weekly Options Income StrategyUS Jobless Claims Fall to 208,000, Signaling Limited Layoff Pressure&Partners Recruits $864 Million Wells Fargo Advisor TeamAI Security Tool Uncovers 15-Year-Old Root Vulnerability in LinuxChina Clears Shein’s Long-Delayed Hong Kong IPOEthereum’s AI Security Test Uncovers Validator-Crashing Software FlawSK Hynix Jumps 13% After Record $26.5 Billion Nasdaq OfferingTreasury and Small-Cap ETFs Gain as SPY and QQQ Post Heavy RedemptionsProposed College Sports Law Leaves NIL Wealth Protections UnresolvedMeta Withdraws Instagram AI Image Feature Following Privacy BacklashPrologis Presses SEGRO Shareholders to Back Talks on $16.9 Billion CombinationSwift Blockchain Ledger Moves to Live Pilots With 17 Global BanksCiti Recruits Merrill Executive to Lead Northeast Wealth OperationsPublishers Accuse OpenAI of Concealing Evidence in ChatGPT Copyright CasePort of Los Angeles Deepens Shenzhen Partnership on Trade and Maritime TechnologyEquifax Agrees to Buy Mexico’s Círculo de Crédito for $750 MillionSuspicious Trading Preceded Record 41% of UK Takeover AnnouncementsMRP Launches Nasdaq-100 ETF Pairing Uncapped Upside With a Rolling Loss TargetCanada Adds 18,000 Jobs in June as Unemployment Rate Falls to 6.5%PepsiCo Posts 6.4% Revenue Growth and Affirms 2026 Financial GuidanceClara Launches Mastercard Fleet Card to Automate Fuel Tax Compliance in MexicoEuro Area Retail Trade Rebounds in May, Signaling Consumers Are Still Supporting GrowthSEC Adviser Disclosure Proposal Remains Unverified as Wealth Firms Watch Conflict RulesQualcomm Launches Updated Snapdragon AI PC Platform for Edge ComputingAirlines Cut Capacity on Maintenance Delays and Aircraft Grounding ConcernsBinance Moves to Lead $2B Valuation Round for Crypto Payments Platform MeshECB Considers Adjustments to Bank Liquidity Requirements in Ongoing Policy ReviewEqual-Weight S&P ETF Rebalancing Sparks Defensive Sector ReallocationUK Monthly GDP Release Indicates Modest Growth Amid Services WeaknessPhoenix Education Partners Q2 Results Highlight Education Sector Profitability PressureHigh-Net-Worth Clients Increase Allocation to Digital Asset Funds via Regulated VehiclesAI Infrastructure Boom Extends Across 43 States as Nvidia Maps Out Massive U.S. Supply ChainEnergy Markets Volatile Amid Supply Outlook AdjustmentsGlobal Banking Stability Signals Emerge from BIS Latest Risk Monitoring as Rate Cycle Pressures PersistApple Seeks U.S. Clearance to Buy Memory Chips From China’s CXMTPorsche Plans Cayenne Production Shift to Leipzig From Slovakia, FAZ ReportsSpain Rules Out More Time for Crypto Firms Ahead of EU Licence DeadlineRBA Lays Out Crisis-Era Policy Toolkit After Lessons From Pandemic Bond BuyingBluespring Acquires Kestra Affiliate Element Wealth Advisors in Atlanta RIA DealOnsemi Strikes $7 Billion Synaptics Deal to Expand in AI-Enabled DevicesDigital Euro Plan Clears Parliamentary Hurdle as ECB Models Potential Deposit OutflowsDefiance Debuts 2X Long DRAM ETF as Leveraged Semiconductor Funds ProliferateChina’s Central Bank Pushes Lenders to Lift Credit as Demand Stays WeakLegal Tech Firm Sues U.S. Over Order Limiting Foreign Access to Anthropic ModelsVolkswagen Marine Engine Carve-Out Draws Bain Capital BidReap Adds Circle’s USYC to Bring Tokenized Treasury Yield Into Business Finance PlatformNatixis and Loomis Sayles Roll Out Two Active Core-Plus Bond ETFsBritain Speeds Up End of Low-Value Parcel Tariff Loophole Hitting Shein-Style RetailTelcoin Opens Regulated On-Chain Bank Accounts Tied to eUSD StablecoinHedge Fund Performance Diverges Sharply as AI-Driven Equity Trades Reprice RiskEurozone PMI Shows Contraction Easing but Services Still Drag on GrowthTata Electronics Cyber Breach Claim Raises Apple and Tesla Supply-Chain Security QuestionsAirfares May Stay Elevated as Airlines Keep Fuel Savings From Iran DealXOVR Spotlights SpaceX Windfall as Private-Public ETF Model Gains AttentionKB Home Q2 Earnings to Show Whether Builders Are Still Absorbing Affordability PressureG7 Talks on Trusted AI Access Put U.S. Model Controls in the SpotlightFed Outlooks Split as Oil, AI Investment and Consumer Spending Pull Economy in Opposite DirectionsFlorida TikTok Suit Adds New Pressure on Social Platforms Over Child Safety RulesBloomberg Adds Electronic ABS Trading Workflow to Its Fixed-Income PlatformSpaceX’s Post-IPO Trading Puts Bankers and Funds on Alert After Historic ListingIndia Regulator Proposes Dynamic ETF Pricing Rules to Narrow NAV GapsUS Wealth Effect and Rate Outlook Shape Portfolio PositioningIndia Showcases Sovereign AI Ambitions at VivaTech 2026 in ParisU.S. Treasury Auction Dynamics Reflect Changing Demand for Long-Dated DebtChina Economic Data Watch: Industrial Output and Retail Sales Momentum Signals Uneven Recovery in 2026Sanctuary Wealth Onboards $477M Advisory Team with New Valen Private Capital LaunchEU Lawmakers and Member States Greenlight New Rules to Slash Tech Reliance on U.S., ChinaMarvell Set to Join S&P 500 After AI Boom Lifts ProfitabilityU.S. Fintech Funding Week Tops $1.9B with Ramp, AlphaSense and More Driving ActivityWestern Asset Management to Pay $100M SEC Penalty Over Trading MisconductWisdomTree Lists Space Economy UCITS ETF on London Stock ExchangeIndonesia Moves to Lift Asset Yields as Rupiah Pressure Forces Policy CoordinationBroadcom Reports 48% Revenue Jump but AI Guidance Fails to Satisfy InvestorsModern Wealth Adds $1.1 Billion Florida Advisory Firm to Expand Eastern FootprintU.S. Tech Stocks’ Market Dominance Reaches Record Levels, Presenting Macro RisksSpaceX Blocked From Fast-Track S&P 500 Entry as Record IPO Roadshow Begins
Wall Street, New York, USA

All posts by Andrew Ross Sorkin

Finance
Activist investor Jana Partners takes stake in medical device maker Cooper Companies, WSJ says

Activist hedge fund Jana Partners has acquired a significant stake in Cooper Companies and plans to pressure its leadership for strategic changes to enhance shareholder value. This involvement follows concerns over Cooper’s declining performance and could lead to mergers or operational adjustments aimed at boosting efficiency and market competitiveness. Stock prices reacted positively to the news.

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ETF Street
This ETF strategy could help risk-averse investors ride out wild market swings

The CBOE Volatility Index (VIX) has seen significant turbulence, prompting investors to seek stability. John Burrello from Invesco suggests options-based income funds as effective strategies, offering consistent downside protection and independence from interest rate changes. He emphasizes discerning product selection amid increasing options-based ETFs, highlighting long-term potential in such strategies.

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Economy
Rare earths make gains amid battle to beat China’s dominance

Shares of U.S. rare earth supply chain companies surged as investors responded to China’s tightened export regulations. Governments, especially the U.S. and Australia, are strengthening cooperation to secure alternative supply routes. The shift has invigorated investments in domestic production, reflecting urgency amidst geopolitical tensions and the strategic importance of these resources.

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Earnings
Nestle announces plans to slash 16,000 jobs, stock jumps 9%

Nestlé has announced a restructuring plan that will eliminate 16,000 jobs globally under new CEO Philipp Navratil to streamline operations and enhance efficiency. The company aims for long-term growth, focusing on automation and performance improvement, amid market pressures and a stock decline. Positive earnings indicate potential recovery, especially in key segments.

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Wealth
Few heirs keep their parents’ wealth advisors — most wealthy benefactors don’t mind

Over the next 25 years, an estimated $120 trillion will be inherited, yet only 27% of heirs plan to retain their benefactor’s advisor. Many prefer their own, highlighting a generational gap in wealth management. Communication and education about estate planning are crucial for advisors to engage heirs and ensure smooth wealth transitions.

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Tech
Marc Benioff’s call for troops in SF leads tech investor Ron Conway to leave Salesforce Foundation board

Salesforce CEO Marc Benioff’s comments regarding potential federal troop deployment in San Francisco have triggered backlash, leading venture capitalist Ron Conway to resign from the Salesforce Foundation board. This situation highlights tensions within the tech and philanthropic communities about government enforcement, corporate responsibility in public debates, and alignment of values between leaders and organizations.

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FinTech
Fintech startup Upgrade valued at $7.3 billion in new funding round

Upgrade, founded by LendingClub co-founder Renaud Laplanche, has raised $165 million, boosting its valuation to $7.3 billion. This marks its first funding since 2021. The fintech company has diversified its offerings beyond personal loans, targeting sectors like travel BNPL. Upgrade prepares for an IPO while emphasizing enhanced customer experiences and rapid revenue growth.

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Finance
Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

Pony.ai has partnered with Stellantis to test self-driving taxis in Europe, starting in Luxembourg. This collaboration combines Pony.ai’s autonomous software with Stellantis’ electric vehicles. The pilot program aims for safe and efficient robotaxi services, gradually expanding to other cities. The initiative reflects a broader trend of automaker-tech partnerships in mobility innovation.

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ETF Street
IPO performance vs. S&P 500 since April market low? It’s not even close

Investors are keen on OpenAI’s IPO, expected in 2028 or 2029. The 2025 IPO market shows strong returns, particularly in AI and crypto sectors, with significant investor interest and thematic excitement. Analysts predict a healthy, sustainable IPO environment, with opportunities across various industries, despite potential risks as market conditions normalize.

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Economy
U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records

In 2025, the U.S. federal budget deficit declined modestly to $1.78 trillion, aided by a surge in tariff revenue, which reached $202 billion, countering rising national debt interest payments. Despite this improvement, challenges remain with high debt servicing costs and the need for sustainable fiscal strategies to ensure long-term economic stability.

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Other Story

Wealth

AI Equity Boom Creates New Wave of Multimillionaires in San Francisco

AI Equity Boom Creates New Wave of Multimillionaires in San Francisco
Tech

Nvidia Says Vera Rubin AI Platform Remains on Schedule Despite Delay Reports

Nvidia Says Vera Rubin AI Platform Remains on Schedule Despite Delay Reports
General

UK Nationalizes British Steel to Safeguard Domestic Production and Jobs

UK Nationalizes British Steel to Safeguard Domestic Production and Jobs
FinTech

Paytm Board to Consider Fintech Company’s First-Ever Bonus Share Issue

Paytm Board to Consider Fintech Company’s First-Ever Bonus Share Issue
Finance

SBI Funds Management’s $1 Billion IPO Draws $31 Billion in Bids

SBI Funds Management’s $1 Billion IPO Draws $31 Billion in Bids
ETF Street

Energy Allocation Stands Alone as Tech-Led Rotation Reverses

Energy Allocation Stands Alone as Tech-Led Rotation Reverses