On August 6, Alphabet, Google's parent company, plans to raise up to $25 billion through bond issuance.

August 6 - According to the Financial Times, Federal Reserve Chairman Warsh has maintained his typically concise communication style, even after triggering a significant sell-off in Treasuries by declining to reveal too many details about interest rate strategy. People close to Warsh said he acknowledged making some mistakes during his first 10 weeks at the helm of the world's most important central bank, including failing to reinforce his key message on price stability and causing confusion over whether his long-term plans to reform the Fed would affect near-term policy decisions. However, they insisted these errors were not enough to derail Warsh's plans for reforming the Fed. Insiders also revealed that if inflation data released in the coming weeks prove strong and market expectations for higher borrowing costs rise accordingly, Warsh is prepared to raise interest rates at the September meeting. Insiders added that although the Fed chairman has raised the possibility of shrinking the central bank's $6.7 trillion balance sheet to tighten monetary policy, interest rates remain the primary tool—and would be used at the upcoming meeting if needed.

On August 6, SanDisk (SNDK.US) fell over 10% in pre-market trading. On the news front, Citigroup lowered its price target on SanDisk from $2,500 to $2,100. Meanwhile, on June 25, a month and a half earlier, Citigroup had raised its target from $2,025 to $2,500, citing improving NAND flash memory price outlook and initiating a 90-day short-term upside watch. Additionally, Wells Fargo cut its target from $1,620 to $1,400. However, just half a month earlier, on July 22, Wells Fargo had raised its target from $1,250 to $1,620.

On August 6, Unitree Technology (688836.SH) announced that its initial public offering of shares on the STAR Market has been priced at RMB 150.80 per share. The offering consists of 40,446,434 shares, representing 10% of the total post-offering share capital. The offering price-to-earnings ratio is 219.23 times, higher than the industry average P/E ratio of 38.56 times. The total funds expected to be raised are approximately RMB 6.099 billion, with net proceeds of approximately RMB 5.917 billion. Strategic placement subscribers were allocated 8,089,286 shares, including the Social Security Fund, DeepSeek, and China National Petroleum Corporation. The online subscription date is August 10, and the payment date is August 12.

On July 31, Amazon shares surged 15.2% to $271.255 per share, marking their biggest gain since 2012, with a total market value of $2.92 trillion.

US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi)

On July 31, Apple (AAPL.US) plunged nearly 10% to $300.33, marking its biggest drop since April 2025. In terms of fundamentals, Apple's third-fiscal-quarter revenue rose approximately 16% year-over-year to $109.42 billion, slightly above analyst expectations. Among the details, product revenue came in at $78.68 billion, beating the expected $77.25 billion. However, services revenue—a key driver of its valuation re-rating in recent years—totaled $30.74 billion, missing the consensus estimate of $31.36 billion. Additionally, Greater China revenue reached $18.82 billion, with year-over-year growth slowing to 22%, also below analysts' forecast of $19.58 billion. During the earnings call, Apple guided fourth-fiscal-quarter revenue growth in the range of 9% to 11%, overall below the 12.1% analysts had expected. CFO Parekh noted that component supply constraints would impact iPhone, Mac, and iPad businesses in the fourth fiscal quarter, with currency fluctuations also constraining growth.