Walmart Takes Its Worst Day Since 2022 as Dow Drops 703 Points
The biggest retailer repriced the consumer the same day memory chips went vertical; X reads collapse where CNBC reads guidance math.
Theo Kaplan
Bureau: San Francisco
July Minutes Show Officials Ready to Hike as Jobless Claims Fall
Hike-ready minutes and stable claims set Warsh's stage a week before Jackson Hole; X fights over his leash while the seventies rerun goes unnamed.
Bitcoin Climbs Back Above $71,000 on CLARITY Act Push
Crypto X calls the generational bottom while the Senate calendar shows no CLARITY floor vote before mid-September.
Stripe Buys OpenRouter and the Toll Booth on Model Calls
Developers mourn router neutrality within hours while business desks file the deal as sensible vertical integration.
Alibaba Profit Falls 75 Percent as AI Capex Swallows Earnings
Alibaba's net income dropped 75 percent on an AI infrastructure spree while cloud revenue grew 45 percent, and the company is asking markets to read the same quarter two ways.
Jobless Claims Hold at 206,000 and Feed the Hawk Case
Layoff skeptics on X call the calm numbers fake while the Fed's own minutes treat a stable labor market as permission to keep hiking on the table.
Nvidia Bets Seven Billion on Poolside Without Buying It
X jokes Nvidia found the antitrust loophole while the deal letter shows something stranger — seven billion dollars spent to avoid owning a company six days before earnings.
Warsh Heads to Jackson Hole With No Guidance to Give
Markets are pricing a September hike the chair may refuse to preview, because Warsh abolished the forward guidance every previous keynote fed on.
RAM Price Politics Reach the Consumer Desktop Upgrade
Memory giants threw a party for the shortage Thursday while PC owners on X work out who is paying for it.