SpaceX and Tesla lost more than $1.2 trillion of combined market value in July, turning investor attention from ambitious growth platforms to margins, cash generation and the cost of artificial-intelligence infrastructure.
Europe’s largest asset manager attracted €24.4 billion in second-quarter net inflows and lifted adjusted profit 29%, while the consolidation of ICG and SBI Funds Management’s listing expanded both scale and capital options.
U.S. futures rebounded on divergent Microsoft and Meta results, while South Korea’s Kospi extended a two-day AI-driven selloff and Treasury yields reflected a divided Federal Reserve.
First-half pretax profit rose 17% to £6.1 billion and equities revenue jumped 45%, yet the shares fell nearly 5% as Barclays forecast higher restructuring costs and remained behind Wall Street trading growth.
U.S. equities ended a divided session as Brent retreated below $100, technology shares weakened and investors weighed a tariff-driven inflation shock against the prospect of higher interest rates.
HKEX will permit confidential filings for every listing candidate and halve the market-capitalization threshold for weighted-voting-rights companies, targeting more innovative and overseas issuers.
The Shanghai GPU developer is preparing for a possible listing by year-end with Huatai International, but the offering remains unannounced and its terms have not been disclosed.
Wells Fargo beat quarterly profit expectations as stronger loan growth lifted net interest income and volatile markets supported trading. The results show how the bank is trying to turn balance-sheet expansion into earnings momentum after the removal of a long-standing asset cap.
Lazard reported a steep second-quarter profit decline as a higher tax rate and weaker financial advisory revenue overshadowed growth in asset management. The investment bank is cutting senior advisory roles while trying to redirect resources toward sectors with stronger fee potential.
JPMorgan Chase reported stronger-than-expected quarterly earnings, with record-level profit, robust markets revenue and resilient consumer activity. The results reinforce how large U.S. banks are benefiting from active trading desks, investment banking momentum and household spending despite a still complex macroeconomic backdrop.
BNP Paribas reported a sharp rise in second-quarter profit after a record performance in equity and prime services, reinforcing the role of trading income in European banks' earnings as the group reaffirmed its 2026 and 2028 financial targets.
Zhang Yichen, chairman and CEO of Citic Capital Holdings, argues that buyout funds and M&A, rather than IPOs, will define China's next capital market cycle as the country seeks to establish "patient capital" and resolve the exit bottleneck for private equity funds. A proposed national M&A fund and regulatory reforms could reshape the landscape.
