On July 16, U.S. stock markets opened with mixed results. The Nasdaq fell 0.43%, the S&P 500 dropped 0.21%, while the Dow Jones rose 0.16%. The U.S. has officially launched a Section 337 investigation into DRAM equipment and its downstream products and components, leading to a collective retreat in storage stocks. SK Hynix fell over 6%, SanDisk dropped more than 5%, Western Digital and Seagate Technology fell over 4%, and Micron Technology declined over 3%. TSMC also saw a decline of over 3%, despite reporting a record 77.4% year-on-year increase in net profit for Q2, as profit-taking occurred after positive news. Baidu rose 3.5%, as the company seeks a dual primary listing in Hong Kong, with analysts suggesting it could aim for the Hong Kong Stock Connect as early as September this year.
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Nasdaq Opens Down 0.43%, Storage Stocks Retreat, SK Hynix Falls Over 6%
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Houthi Warns Saudi Arabia: All Oil Facilities Will Be Targets if Aggression Resumes
On July 16, the Houthi armed group stated that if Saudi Arabia launches a full-scale invasion and escalates its actions against Yemen again, all of Saudi Arabia's oil and critical facilities will become targets for our missiles. (Jin Shi) -
Oracle Founder Sued Over 'Corrupt' Warner Bros. Deal with Trump
On July 16, a shareholder filed a lawsuit against Larry Ellison (founder of Oracle), his son David Ellison, and other members of the Paramount Skydance Corp. board, attempting to block their $110 billion acquisition of Warner Bros. Discovery (WBD). The lawsuit alleges that the Ellisons engaged in an illegal deal with U.S. President Donald Trump, promising to provide 'illegal private benefits' to eliminate federal regulatory hurdles, including the potential firing of CNN news anchors. -
SpaceX Experiences First Drop Below IPO Price Since Going Public
On July 16, according to CCTV Finance, SpaceX, the American aerospace manufacturer and space transport services company, has been publicly traded for over a month. Recently, the company's stock price has shown significant volatility. During intraday trading on the 15th, it briefly fell below the IPO price of $135 per share, marking the first time it has dropped below its initial offering price. On the 15th, SpaceX's stock price dipped to $132.15 per share, below the $135 IPO price, before closing at $135.27, down 0.6% from the previous trading day, marking the fourth consecutive day of decline and nearly erasing all gains since its IPO. Analysts point out that the market is becoming cautious about the costs and returns of infrastructure in the artificial intelligence sector, raising doubts about the prospects of SpaceX's xAI business. Additionally, the upcoming end of the lock-up period for shareholders adds further downward pressure. Data shows that since its IPO on June 12, SpaceX's stock price had previously peaked at $225.64. -
Structural Rift Emerging in US-Israel Alliance
Former Israeli Ambassador to the US, Alon Pinkas, stated that the remarks made by Vice President JD Vance criticizing Israel for undermining US-Iran negotiations were "unprecedented in severity." Pinkas remarked, "Never before has a sitting US Vice President so openly accused Israel of launching a campaign aimed at weakening US policy. While there have been disagreements and frictions in the past, the current Vice President's intense, clear, and direct opposition to Israel's lobbying pressure against the US is indeed unprecedented... It is quite shocking." Pinkas pointed out that this incident indicates a lack of alignment between the positions of the US and Israel. He added that the increasing friction among allies regarding the war in Iran is extremely concerning from Israel's perspective and reflects a "structural shift" in the relationship between the two countries. Equally unprecedented is the fact that half of the Democratic Party members voted to terminate aid to Israel. If you had asked anyone in Washington two years ago, they would have asserted it was impossible—but this voting outcome clearly reflects a significant shift within the Democratic Party. Among the 212 Democratic members of the House, 103 voted in favor of canceling the annual $3.3 billion aid to Israel. Only one Republican joined the Democrats in supporting the vote. Therefore, the real focus is on how Trump will respond. It is believed he spoke with Israeli Prime Minister Netanyahu last week, suggesting it was time for the Israeli military to withdraw from Lebanon and Syria. However, the Israeli Defense Minister publicly stated a refusal to withdraw. How will the White House respond to this near-open defiance of the President's wishes? The answer may soon be revealed. (Jinshi) -
2026 World Cup Champions to Receive $50 Million Prize: Highest in History
On July 16, at 3 AM Beijing time on July 20, the final of the 2026 World Cup, hosted by the USA, Canada, and Mexico, is set to kick off. Spain and Argentina will not only compete for the coveted trophy but also for the highest championship prize in football history. This year's event features a significant increase in overall financial investment, with a total prize pool of $727 million, a 50% increase from the previous tournament. FIFA has officially confirmed that the winning team of this World Cup will receive a prize of $50 million, which is a 19% increase from the $42 million awarded to the champions of the 2022 Qatar World Cup, setting a new record for World Cup prize money. Additionally, all participating teams will benefit from substantial earnings, with a tiered prize distribution system: the runner-up will receive $33 million, the third place $29 million, and the fourth place $27 million; teams that reach the quarter-finals are guaranteed at least $19 million, while the round of 16 teams will receive $15 million. Even teams eliminated in the group stage will receive a base prize of $9 million. -
KimiK 3 from Dark Side of the Moon Now Available for Users
On July 16, it was reported that the official website of Dark Side of the Moon has updated with the new model KIMIK3. After logging in, users can see two versions: K3·Max and K3 Cluster·Max. The official announcement is expected to be made soon. According to previous sources, the parameter scale of this model reaches between 20 trillion and 30 trillion, making it the largest AI model in China to date, and its capabilities are nearing those of the models developed by the leading American AI laboratory Anthropic. This development indicates that the gap between the two countries in the field of cutting-edge artificial intelligence is continuously narrowing. As the model being benchmarked, Anthropic has not yet officially disclosed the specific parameter scale of its models. However, industry insiders generally speculate that its Opus4.8 model has approximately 15 trillion to 20 trillion parameters. -
U.S. Stock Market: Optical Communication Sector Declines, Corning Drops Over 8%
On July 16, the U.S. optical communication sector opened lower and continued to decline, with Corning dropping over 8%, Mavenir Technologies falling more than 6%, and Lumentum, Coherent, and Credo each decreasing by over 5%. -
SpaceX's Short Interest Paper Profit Estimated at Approximately $8.7 Billion
On July 16, according to ORTEX estimates, SpaceX's short interest paper profit is approximately $8.7 billion. -
Visa Launches Stablecoin Service Platform, Plans to Enable On-Chain Payment Capabilities
Global payment giant Visa is accelerating its development of stablecoin infrastructure by launching the Visa Stablecoin Platform, which aims to assist banks and fintech companies in integrating stablecoin payment capabilities into their existing payment and fund management systems. The platform is designed to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants worldwide, enabling businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks. -
Iran Clarifies Preconditions for Resuming Memorandum of Understanding
According to RIA Novosti, when asked whether Tehran believes the memorandum signed with Washington is still valid, Ahmad, a member of the Iranian Parliament's National Security and Foreign Policy Commission, stated: 'The memorandum of understanding between Iran and the United States is currently invalid, but if Washington resumes its implementation, Tehran is prepared to reactivate the memorandum. However, it appears that the U.S. is not ready to resume implementation at this time, but if the U.S. does so, Iran may reconsider its position on this issue.' (Jinshi)
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