Bank of Korea Lifts 2026 Growth Forecast to 3.3% on AI Chip Boom
The Bank of Korea raised its 2026 GDP growth forecast to 3.3% from 2.6%, citing surging AI and semiconductor demand, even as some AI-linked stocks show mixed signals.
Applied Materials CEO: AI Sparks Biggest Chip Growth Inflection Yet
Applied Materials CEO Gary Dickerson says AI is driving the semiconductor industry’s biggest growth inflection, backed by a $5 billion EPIC Center investment.
OpenAI’s Jalapeno Chip Reportedly Beats Nvidia’s GB300 in Early Tests
OpenAI says its in-house Jalapeno AI chip, built with Broadcom, topped Nvidia’s GB300 on power efficiency and speed, with deployment planned later this year.
S&P 500, Nasdaq End Flat as 3.7% Inflation Clouds Fed’s Rate Path
Wall Street closed nearly flat as US inflation hit 3.7% and GDP grew 1.5% in Q2, with traders eyeing Nvidia earnings and the Fed’s Jackson Hole meeting.
DBS Shares Hit Record S$77.97: Buy, Hold or Wait for Pullback?
DBS Group stock soars 49.6% in a year to a record S$77.97. We break down the record profits, 4.1% dividend yield and rich valuation multiples.
Iran-Oman Hormuz Deal Would Bar Military Ships as Tanker Traffic Ticks Up
Iran and Oman are negotiating a deal barring military vessels from the Strait of Hormuz as tanker traffic rises to 10 vessels and a fresh tanker strike raises new risks.
Crypto Slips as Bitcoin Falls to $79,000, XRP Drops Over 4%
Bitcoin retreats to roughly $79,000 and XRP sinks more than 4% as the crypto market cools after a strong weekly rally, per GuruFocus data from August 26, 2026.
Galaxy Digital Launches 8.99% Crypto-Backed Credit Line for Retail Investors
Galaxy Digital (GLXY) rolls out a retail crypto credit line on GalaxyOne, letting Bitcoin, Ethereum, and staked Solana holders borrow cash at 8.99% APR without selling.
Iran, Oman Strike Temporary Deal to Ease Strait of Hormuz Blockade
Iran and Oman agree on a temporary shipping corridor through the Strait of Hormuz as sanctions replace strikes and oil futures react.
BitMine Nears 5% of All Ethereum With $14.27B ETH Stockpile
BitMine added 32,447 ETH in a week, pushing holdings to 5.85M tokens worth $14.27B and closing in on Tom Lee’s 5% supply target.