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After the trading hours on the day the ban was lifted, $1.9 billion emergency fundraising launched: MiniMax takes a discount share placement + zero-interest convertible bonds to kick off the "survival battle" for computing power

After the trading hours on the day the ban was lifted, $1.9 billion emergency fundraising launched: MiniMax takes a discount share placement + zero-interest convertible bonds to kick off the "survival battle" for computing power

``` On July 9, the same night MiniMax’s share price plunged over 18% on the first day its restricted shares were unlocked, the company launched its largest refinancing since listing—a combination of a new share placement and zero-coupon convertible bonds, aiming to raise about $1.9 billion. This financing

The cooling AI boom drags down South Korea's stock market, while Nigeria becomes the best-performing stock market globally this year.

The cooling AI boom drags down South Korea's stock market, while Nigeria becomes the best-performing stock market globally this year.

``` As concerns about the sustainability of market demand for artificial intelligence heat up, investors continue to pull out of South Korea’s stock market, pushing the previously world-leading Korean stock market into a technical bear market. Meanwhile, Nigeria’s stock market has surged to become the world’s top performer

Former Federal Reserve Chairman Bernanke joins Anthropic's governance board, participating in oversight of AI risks and public interest.

Former Federal Reserve Chairman Bernanke joins Anthropic's governance board, participating in oversight of AI risks and public interest.

Former Federal Reserve Chairman Ben Bernanke has officially joined the Anthropic Long-Term Benefit Trust, providing governance endorsement for one of the world’s most valuable AI startups and sparking widespread market attention on AI governance and commercialization paths. In a statement on Thursday, Bernanke said: "The potential of artificial

PepsiCo CEO Issues Pessimistic Warning: U.S. Inflation Is Making a Comeback, Consumers Are Starting to Cut Spending

PepsiCo CEO Issues Pessimistic Warning: U.S. Inflation Is Making a Comeback, Consumers Are Starting to Cut Spending

``` PepsiCo's latest financial report and executive statements send a clear signal: U.S. consumer resilience is facing a new round of inflation challenges, and growth previously driven by promotions is becoming hard to sustain. On July 9, CEO Ramon Laguarta stated in the earnings announcement, Inflation in input

The Fed's favored inflation gauge is set for revision! Analysts: It may give Waller room to hold rates steady.

The Fed's favored inflation gauge is set for revision! Analysts: It may give Waller room to hold rates steady.

``` The annual revision of the Federal Reserve’s preferred inflation indicator is about to begin. Preliminary estimates by economists suggest that this adjustment may lower core inflation data, adding a key weight to the balance of whether or not to raise interest rates this year. On July 9, according to

Meta joins the AI price war! Launches its first paid large model with capabilities surpassing Google, priced at only a quarter of Anthropic's.

Meta joins the AI price war! Launches its first paid large model with capabilities surpassing Google, priced at only a quarter of Anthropic's.

``` In the increasingly competitive AI tool market, Mark Zuckerberg hopes to win through pricing. Meta Platforms has released its most advanced AI model, Muse Spark 1.1, and for the first time has launched a paid version for developers. This is also the first time Meta has charged enterprises for

U.S. existing home sales unexpectedly declined in June, inventory improvement was limited, and home prices hit a record high.

U.S. existing home sales unexpectedly declined in June, inventory improvement was limited, and home prices hit a record high.

``` The recent recovery momentum in the US existing home market has reversed. Dragged down by high mortgage rates, existing home sales declined month-over-month in June, and housing affordability remains the core obstacle restraining home buying demand. Data released Thursday by the National Association of Realtors (NAR) showed that the annualized