The Finimize Daily Brief. Get everything you need to know about the day's biggest financial stories and trends, in five minutes or less, plus a regular Q+A with our world-class team of analysts.
The US president will stamp a 100% tariff rate on the world’s chipmakers… unless they pledge allegiance to the flag, while SoftBank shot the lights out last quarter, and the Japanese tech investor la…
The US president ousted America’s chief number‑cruncher – and now investors fear the math might start taking sides – while OpenAI has a tactic to keep staff from straying to Meta… and the ChatGPT-cre…
SoftBank placed huge bets on AI earlier in the year – and they’ve come good since – while Aramco ramped up its oil production, but the Saudi-owned firm’s profit still wouldn’t budge.
Today’s stories:
Sales fell at luxury brands LVMH, Prada, and Moncler, as currency swings encouraged foreign shoppers to keep their wallets closed, while the US president is expected to make two very important hires …
American investors paid a record premium for TSMC’s US-listed shares, while Goldman Sachs issued a warning about “speculative” trading, and Switzerland, Canada, and Taiwan were handed steep tariffs a…
Apple and Amazon both slammed down better-than-expected results for last quarter – but their forecasts for this one weren’t quite as reassuring – and with America’s August 1st tariff deadline fast ap…
Stockpicking hedge funds are finally seeing results – and, after years of rejection, investors are giving them another chance, while Anthropic’s latest funding round could cement its place among the …
Investment management firm Fidelity read gold’s tarot cards – and they were full of fortune – while German software startup n8n could fetch a $1.5 billion valuation in its latest funding round.
Today’…
The US and the European Union struck a last-minute trade deal, but one side probably walked away with a little more pep in its step than the other, while Samsung landed its biggest-ever chipmaking de…
Volkswagen was forced to hit the proverbial brakes, downgrading its profit forecast in line with the impact from tariffs, while Chinese investors pushed a record-breaking wad of cash into Hong Kong’s…
Deutsche Bank reported its best second-quarter profit in nearly two decades, and investors rewarded the lender’s hard work, while Blackstone made 25% more profit last quarter than the same time last …
Retail investors selected the next moonshot stocks – and then sent them to space themselves – while the US and Japan struck a trade deal, spurred on by the promise of a $550 billion investment.
Today’…
The S&P 500 and Nasdaq 100 celebrated record highs on Monday, while South Korea’s FuriosaAI just won a chip contract with LG – which might make Nvidia look over its shoulder for once.
Today’s stories:
The Federal Reserve is refusing to cut interest rates, despite peer pressure from other central banks and the US president, while the London Stock Exchange might start letting traders pull all-nighte…
The crypto industry hit a new milestone, as US lawmakers approved the first major piece of crypto legislation, while China’s carmakers are flooding foreign markets with cheap EVs, driving global riva…
AI startup Anthropic isn’t actively raising cash – but with chatbot Claude growing like crazy, investors are throwing money at it anyway – chipmaker TSMC revealed a record profit and raised its forec…
ASML beat expectations for now – but with next year looking less sunny than the chipmaking firm originally thought, investors ditched its stock – while America’s biggest rare earth producer just land…
Meta’s forged a plan to build AI megastructures so big that they’ll make New York City look small, while JPMorgan and Citigroup made a mint in trading, but both banks’ CEOs seemed more reserved than …
Elon Musk is using SpaceX’s rocket cash to fuel his AI goals, with a $2 billion bet on xAI, while the EU’s prepping for a tariff breakup with the US – and lining up rebound trade partners just in cas…
Bitcoin flew to new highs, topping $118,000 as traders piled in ahead of US “Crypto Week”, while the president threatened new tariffs – adding to a growing list of surprise taxes.
Today’s stories: