Crypto investors revisit fundamentals as focus shifts beyond market-cap rankings

August 16, 2026, 1:15 PM EDT. Executives told CoinDesk that crypto allocators are evaluating tokens based on revenue, user activity and value extraction instead of using market capitalization as a quality metric. Wintermute reported that institutional clients represented approximately 72% of its spot OTC volume in the initial half of 2026, compared to around 59% for the prior year, with trading mostly in top assets and a reduced group of tokens that produce revenue. Bitwise data highlighted the difference: cryptocurrencies dropped 36% in the first half, while publicly traded crypto stocks advanced 23%.

SafePal crypto wallet reports data breach impacting almost 40,000 customers' order information

August 16, 2026, 1:15 PM EDT. SafePal reported discovering an authorization vulnerability in an order-tracking plug-in that resulted in the exposure of the names, postal addresses, and contact information for 39,798 customers who made purchases from March 2025 to April 2026. The company stated that cryptocurrency assets, seed phrases, private keys, bank data, payment cards, and government IDs were unaffected. SafePal corrected the weakness, brought in an external security firm for review, and took down over 30 fake sites and phishing sources connected to the breach.

EU MiCA transition sparks rise in scams as users move accounts

August 16, 2026, 1:15 PM EDT. Transitioning under the EU’s MiCA regime has led to new avenues for fraud, with users moving assets away from non-compliant crypto platforms. Over 1,700 platforms had to cease serving EU customers from July 1, while only 323 firms were MiCA-authorized at that stage, leaving up to 10 million users undergoing account transfers. Authorities in France, the Netherlands, and ESMA warn that criminals are posing as regulators and licensed exchanges, making legal-entity verification more critical during these movements.

Major traditional finance players deepen crypto push, marking end of 'long bitcoin, short the bankers' chapter

August 16, 2026, 1:15 PM EDT. Major financial institutions are expanding their presence in crypto product distribution through the market downturn, with Bitwise CEO Hunter Horsley indicating that two firms, each with more than $1 trillion under management, approved digital asset offerings this summer. Banks and asset managers increasingly rely on specialist partners for custody, tokenization and regulated trading, instead of handling digital assets as an isolated financial infrastructure. This development broadens institutional participation, although insiders noted that enhanced infrastructure has not reduced crypto’s price-driven and reactive trading nature.

Foreign portfolio investors resume buying, inject Rs 16,621 crore into Indian stocks in August

August 16, 2026, 11:38 AM EDT. Foreign portfolio investors resumed purchases in Indian equities, investing Rs 16,621 crore during the first half of August, The Times of India reported, citing latest data. The move was attributed to improved relative valuations, robust corporate earnings and increasing hopes of a decline in U.S. interest rates, bringing back external demand after recent market swings.

Top Wall Street calls: Five Below, Intuitive Machines upgraded on operating clarity

August 16, 2026, 11:22 AM EDT. Jefferies upgraded Five Below to Buy and increased its target price to $350 from $210, citing consistently high in-store traffic, up over 20% in the first quarter and almost 16% in the second. Intuitive Machines received a Buy rating from Stifel as its backlog rose to $1.8 billion and second-quarter revenue surged to $206 million, a fourfold increase; B. Riley raised its target to $45. Both recommendations rely on greater business visibility—strong foot traffic in Five Below’s case and contracted revenue at Intuitive Machines—though future risks remain should operations falter after recent share price gains.

Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price

August 16, 2026, 10:15 AM EDT. Unitree Robotics priced its Shanghai STAR Market IPO at 150.80 yuan ($22.37) a share, implying a valuation of roughly $9 billion, while pre-IPO perpetual contracts on Hyperliquid were trading around $92–$94. That synthetic price points to a valuation near $38 billion, more than four times the IPO level, according to Allium. The contracts carry about $9.1 million of open interest and cannot convert into shares, so the public debut could force sharp liquidation-driven convergence if the opening price lands far from the derivatives market. Trading is expected to begin between August 17 and August 21.

Paul Tudor Jones’ investment firm increases stake in BlackRock's bitcoin ETF after year of selling

August 16, 2026, 10:15 AM EDT. Tudor Investment increased its direct holding in BlackRock’s iShares Bitcoin Trust by 18.9% in the second quarter to 688,529 shares, worth $22.9 million at June 30, according to its 13F filing. At the same time, reported call-option exposure fell 85.2% to 148,000 underlying shares, while puts slipped 1.4% to 715,000. Because the filing does not disclose strikes or expirations, the options cannot be read as a clean directional bet. The direct IBIT stake is still 91.4% below its late-2024 peak, making the quarter a modest rebuilding rather than a return to prior exposure.

The stablecoin yield clash that won't go away has banks, crypto battling over tradition

August 16, 2026, 10:15 AM EDT. U.S. banks and crypto firms are again fighting over whether stablecoin rewards should be restricted in the Digital Asset Market Clarity Act, a dispute that has weakened an earlier Senate compromise. The current GENIUS Act bars stablecoin issuers from directly paying yield but leaves more room around rewards offered by exchanges and affiliated platforms. Banking groups want tighter anti-evasion language, arguing that higher-yielding stablecoin products could pull deposits from banks, while crypto advocates say the issue has already been settled. The fight matters for deposit competition, exchange economics and the legislation’s prospects before the Senate’s final pre-midterm window.

Trump's envoys in Middle East to push for Gaza peace plan

August 16, 2026, 10:13 AM EDT. U.S. envoys Jared Kushner and Nickolay Mladenov met Egyptian, Qatari and Turkish mediators in Cairo on Sunday to push President Trump’s Gaza roadmap, with Hamas officials present at some sessions. They are due to meet Israeli Prime Minister Benjamin Netanyahu on Monday; Netanyahu has rejected the plan in its current form, while Israel is concerned about a proposed halt to targeted assassinations. The roadmap links an end to military operations with Hamas disarmament, Israeli withdrawal and reconstruction under a new civilian Palestinian administration, making the talks a fresh test of regional de-escalation.

AMD Stock Jumps 6.5% as $4.75 Billion Debt Deal Funds the AI Race

August 16, 2026, 9:42 AM EDT. AMD closed Friday at $514.39, up 6.5%, as investors digested a $4.75 billion four-tranche senior-note sale expected to settle Monday. The financing runs from 2029 to 2036 with yields of 4.64% to 5.532%, giving the chipmaker fresh capital without issuing equity. AMD entered the deal with $13.1 billion of cash and short-term investments, while second-quarter data-center revenue more than doubled to $6.72 billion. The borrowing raises the return hurdle on a rapidly expanding AI buildout, but avoids immediate shareholder dilution.

Intel Share Sale Raises $23 Billion, Expanding Outstanding Shares by 4.8%

August 16, 2026, 9:18 AM EDT. Intel completed a 242.1 million-share equity sale after underwriters exercised their full option, lifting gross proceeds to about $23.0 billion and increasing the pre-offering share count by roughly 4.8%. The stock ended Friday at $102.50, 7.9% above the $95 offer price, suggesting the market absorbed the dilution without giving up the placement discount. The roughly $22.62 billion of net cash comes as Intel expects 2026 capital spending above $20 billion and reported negative $8.4 billion of adjusted free cash flow in the second quarter, making deployment and foundry returns the next test.

Most Gulf bourses gain despite stalled Iran talks, Hormuz disruption

August 16, 2026, 9:16 AM EDT. Saudi Arabia’s benchmark rose 0.9% on Sunday, led by a 1.5% gain in Al Rajhi Bank and a 1% rise in Saudi Aramco, even as U.S.-Iran talks remained stalled and tanker traffic through the Strait of Hormuz had yet to normalize. Qatar added 0.2%, while Egypt’s EGX30 gained 1.1% and Telecom Egypt advanced 3.6% after strong quarterly profit. Brent had settled Friday at $88.52 a barrel, up 1.67%, keeping energy and geopolitical risk at the center of the region’s trading.

Here's the real reason oil prices aren't moving higher

August 16, 2026, 9:15 AM EDT. Oil’s geopolitical risk premium is being capped by a softer demand backdrop even as the Strait of Hormuz remains constrained and U.S.-Iran negotiations stay stalled. MarketWatch notes Brent near $88.52 and WTI around $82.40, while weaker consumption and elevated inventories are giving the crude market more supply cushion than the headlines suggest. The tighter part of the energy complex is refined products, where limited refinery capacity has pushed crack spreads sharply higher and can keep gasoline, diesel and jet-fuel prices firm without another surge in crude.

Bullion watch: Where are gold and silver prices headed next week? Fed minutes, Middle East in focus

August 16, 2026, 7:40 AM EDT. Gold and silver enter the new week with geopolitical demand for havens colliding with uncertainty over the Federal Reserve’s next move. The Times of India says bullion traders are focused on Wednesday’s Fed minutes and developments in the Middle East after recent firmness in precious metals. Rates, the dollar and changes in the war-risk premium are likely to matter more for the next move than jewelry demand or mine-supply news.

Novo Nordisk's Raised 2026 Forecast Leaves Shares With Limited 2% Consensus Upside

August 16, 2026, 7:40 AM EDT. Novo Nordisk stock finished last week at $45.89, down 2.9%, despite executives lifting their 2026 forecast earlier this month. The current analyst consensus target is $46.89, just 2.2% above last Friday’s close, with 11 out of 14 analysts maintaining Hold ratings. The limited valuation buffer highlights that progress on near-term performance has not dispelled uncertainty over the company’s long-term growth prospects.

Tech Outflows of $4.62 Billion Pose Test for U.S. Stocks Following Strong Rally

August 16, 2026, 7:26 AM EDT. The S&P 500 ended Friday only 0.4% off its all-time high, while tech funds saw $4.62 billion in outflows after six weeks of inflows. Growth funds attracted $8.78 billion and U.S. equity funds received $2.58 billion, indicating rotation instead of a general move away from risk. Earnings results from Home Depot, Lowe’s, and Walmart will gauge whether consumer and housing demand can extend the rally beyond the most popular tech stocks.

Palantir Jumps 29% on U.S. Growth, Highlighting Global Revenue Gap

August 16, 2026, 7:10 AM EDT. Palantir shares climbed 29.4% Friday on volume nearly 3.9 times the three-month average, following another quarter of standout U.S. growth. Second-quarter revenue reached $1.935 billion, up 93%, with U.S. sales advancing 115% and international growth at 34%. Management raised full-year revenue guidance to about $8.15 billion. The expanding gap in geographic performance is making Palantir ever more reliant on the U.S. market as European data-sovereignty issues hinder overseas progress.

Will the Fed minutes reveal any forward guidance?

August 16, 2026, 7:00 AM EDT. Investors will parse Wednesday’s minutes from the Fed’s July meeting after policymakers held the policy rate at 3.5%-3.75% for a fifth straight meeting. Three FOMC members dissented in favor of a hike, while futures price only about a 30% chance of a quarter-point increase in September. With Chair Kevin Warsh abandoning conventional forward guidance and energy-driven inflation still above target, the minutes may reveal how broad the hawkish camp has become.

Yum Sees 17% Analyst Upside as Taco Bell Faces Cyclospora Outbreak Headwinds

August 16, 2026, 6:50 AM EDT. Yum Brands enters the week with Taco Bell under heightened scrutiny as a federal probe continues into a Cyclospora outbreak that has caused 1,947 reported cases and 98 hospitalizations. While Taco Bell reported 7% same-store sales growth in Q2, U.S. comparable sales were down about 2% through July 27 when the outbreak occurred. Yum ended Friday at $148.11 and the current analyst consensus of $173.38 signals roughly 17% upside if traffic rebounds.

NiSource Advances 9.5% Despite Indiana Blackouts, Highlighting Regulated Utility Pressures

August 16, 2026, 6:05 AM EDT. NiSource shares rose 9.5% last week as around 172,000 NIPSCO customers in northwest Indiana were still without power early Sunday. The company expects to restore service to 90% of those affected by August 18 and full restoration by August 21. Investor support suggests the storm is being seen largely as a temporary cost issue, but how repair costs and regulatory recovery proceed will be key tests for the utility’s business model.

Trump wants more economic pressure on Iran. What are his options?

August 16, 2026, 6:03 AM EDT. Washington is preparing a tougher economic-pressure phase against Iran, with Treasury Secretary Scott Bessent saying new measures could arrive next week. Reuters reports that options include secondary sanctions on Chinese independent refiners and potentially larger banks handling Iranian oil proceeds; China buys more than 80% of Iran’s shipped oil, while its ‘teapot’ refineries account for about a quarter of Chinese refining capacity. Escalation would put crude flows, Chinese bank compliance and critical-mineral supply chains in the same policy trade-off, because U.S. officials also fear retaliation from Beijing.

Fonterra, a2 Milk consider joint take-private of Synlait – DataRoom

August 16, 2026, 5:55 AM EDT. DataRoom at The Australian reports Fonterra and a2 Milk are exploring a joint move to take Synlait private. The New Zealand-based dairy processor, in which a2 Milk has a 19.8% stake, has faced ongoing financial difficulties. Synlait recently obtained NZ$320 million in new bank loans and a replacement NZ$130 million shareholder loan from Bright Dairy, its majority owner, after multiple years of losses and rising debt. A deal could give a2 Milk more supply chain influence as it has shifted away from relying on Synlait, while eliminating a struggling competitor. Both Fonterra and a2 Milk declined to comment on the matter.

India sets LPG output targets for oil companies as Middle East war strains supply

August 16, 2026, 5:50 AM EDT. India has set a maximum daily LPG production target of 63,810 metric tons for state-run and private refiners, according to an August 13 government order reported by Reuters. The directive is designed to protect domestic cooking-gas supply and build buffers after the war with Iran disrupted Middle Eastern imports. Reliance and other refiners now face higher domestic output expectations alongside requirements to strengthen storage and transport capacity.

UiPath Rallies Ahead of Analyst Targets, With Consensus 16% Below Friday Close

August 16, 2026, 5:50 AM EDT. UiPath shares climbed 6.4% last week to $16.01, keeping the Wall Street average price target of $13.44 about 16% behind the stock level. RBC raised its target to $15 on Friday, still short of the closing price, and short interest remains about 32% of float. With Q1 revenue up 17% and annual recurring revenue up 12%, the company must now prove it can support a rally that is outpacing most analyst forecasts.

Japan GDP Awaits as Nikkei Gains and China Loan Slump Loom Over Markets

August 16, 2026, 5:22 AM EDT. Asian markets reopen with Japan’s Q2 GDP and China activity data at center stage after the Nikkei gained about 5% last week. Economists expect Japan to have grown 2.0% annualized, while China’s July new yuan loans fell a record 340 billion yuan and household lending contracted 460.3 billion yuan. Markets price close to an 80% probability of a September BOJ hike, so a strong Japanese print could lift yields and the yen just as weak Chinese credit keeps pressure on Beijing to ease.

Apple to release only Pro versions of iPhone 18 ahead of holiday sales boost—standard model waits

August 16, 2026, 4:50 AM EDT. Apple is reportedly planning to put the iPhone 18 Pro range on sale in fall 2026 while holding the standard iPhone 18 until early 2027, leaving the holiday launch weighted toward higher-priced models. Apple has not confirmed the schedule, but the timing matters because iPhone generated $54.25 billion, or 49.6% of the company’s fiscal third-quarter revenue. A Pro-first cycle could strengthen the holiday-quarter sales mix while shifting some mainstream demand into 2027, making supplier updates and Apple’s own event guidance the next important signals.

India opens tax amnesty for smaller taxpayers with undisclosed foreign assets

August 16, 2026, 3:55 AM EDT. India opened a one-time tax amnesty for smaller taxpayers with undisclosed foreign income or assets, with applications available through December 31. Undisclosed foreign income of up to ₹10 million can be regularized with a 30% tax plus an equal penalty, while certain already-taxed but unreported foreign assets worth up to ₹50 million can be disclosed for a ₹100,000 payment. The measure is aimed in part at students and non-resident Indians and could bring offshore financial holdings back into tax compliance.

Ukrainian drone strike hits Wildberries warehouse near Moscow

August 16, 2026, 3:53 AM EDT. Ukrainian drones struck the Moscow region overnight in one of the largest attacks reported there, hitting a warehouse operated by Wildberries, Russia’s biggest online retailer. Reuters footage showed a large plume of smoke over the Koledino facility, while another warehouse near Domodedovo was also damaged. Ukraine has increasingly targeted Wildberries logistics sites, arguing that the retailer handles military-related goods, turning commercial distribution infrastructure into a growing wartime risk.

German companies cut US investment to three-year low, data show

August 16, 2026, 2:35 AM EDT. German companies cut first-half direct investment in the U.S. to €4.3 billion, down nearly two-thirds from a year earlier and almost 80% from the same period in 2024, according to calculations by the German Economic Institute based on Bundesbank data. The figure is the lowest since 2023 and far below the pre-pandemic first-half average of €15.8 billion. The institute said established U.S. operations are still reinvesting profits, while companies appear more hesitant to commit fresh capital amid trade-policy uncertainty.

Bonus, stock splits & dividends: Bandhan Bank, MGL, Mazagon Dock among nearly 100 stocks turning ex-record date this week

August 16, 2026, 2:06 AM EDT. Nearly 100 Indian companies are set to reach ex-record dates between August 17 and August 21 for announced shareholder actions including dividends, bonus issues and stock splits. The list includes Bandhan Bank, HUDCO, Manappuram Finance, NBCC, Mahanagar Gas, Mazagon Dock Shipbuilders, Natco Pharma and LIC Housing Finance. The concentrated calendar matters for near-term positioning because eligibility for the respective distributions or corporate actions depends on holding shares before the applicable ex-date.

Strong overall earnings, but pressure shows in ASX reporting season

August 16, 2026, 1:13 AM EDT. Consensus forecasts for Australian earnings have remained firmer than share prices, with analysts cutting aggregate ASX 200 expectations for the current fiscal year by just 0.7%, despite the index recording its steepest weekly loss in four months at 1.6%. Commonwealth Bank, Westpac and ANZ all reported double-digit falls in new mortgage demand after May budget tax reforms, further indicating more cautious consumer behavior. UBS projects overall earnings growth at 11.7%, but only 5.5% excluding mining and energy, though dividend and buyback expectations have continued to climb.

Miner Ferrexpo caught up in dispute between oligarch and Kyiv

August 16, 2026, 12:00 AM EDT. Ferrexpo is facing a near-term liquidity crisis as war damage, tax disputes and a confrontation involving its founding shareholder squeeze the Ukraine-focused iron-ore producer. The Financial Times reports the company needs at least $100 million of fresh funding before mid-September, while Kyiv is withholding about $90 million of VAT refunds and Ukrainian tax authorities have imposed a $788 million penalty that Ferrexpo is prepared to challenge. Mining was suspended in early August after Russian drones struck its last Black Sea pellet shipment, leaving the company selling from stockpiles and making financing access the immediate determinant of continued operations.

South Korea fires warning shots after North Korean soldiers cross demarcation line

August 15, 2026, 11:47 PM EDT. South Korea’s military fired warning shots after multiple North Korean soldiers crossed the military demarcation line in the eastern part of the DMZ, Yonhap reported. The troops returned north and no further unusual activity was reported, but it was the first reported North Korean military violation of the line this year. The incident lands just before major U.S.-South Korean exercises, keeping geopolitical risk elevated on the Korean Peninsula.

Suspected Russian drone shot down in Romanian airspace

August 15, 2026, 11:40 PM EDT. A Spanish F-18 flying a NATO air-policing mission shot down a drone that entered Romanian airspace from Moldova, Romania’s defence ministry said. NATO said the drone appeared to be Russian, while Romania said fragments likely fell in an uninhabited area. It was the fourth unmanned aircraft shot down over Romania this year, adding to security risk around NATO’s Black Sea flank and regional trade and energy routes.

Indonesia quake disrupts roads, homes and fuel infrastructure

August 15, 2026, 11:33 PM EDT. A magnitude-7.7 earthquake in eastern Indonesia killed at least 51 people and forced around 5,000 residents to evacuate. More than 1,300 homes were damaged, landslides blocked roads and 20 petrol stations were out of service because of power outages. The disruption adds a near-term infrastructure and logistics shock in East Nusa Tenggara, while authorities consider declaring a provincial emergency to accelerate funding and resources.

Disney, Square Enix preview Kingdom Hearts 4 ahead of 2027 debut

August 15, 2026, 10:29 PM EDT. Disney and Square Enix previewed a longer trailer for Kingdom Hearts 4, confirming the game is due in 2027. Disney says Kingdom Hearts is one of nine game franchises that have generated more than $1 billion in retail sales for the company. The partners also disclosed an anime adaptation for Disney Channel and Disney+, extending the franchise across gaming and streaming.

Chinese Hengli Group Emerges as Key Iranian Oil Buyer

August 15, 2026, 10:00 PM EDT. Hengli Group in China has taken a prominent role in buying sanctioned Iranian crude, The Wall Street Journal reported, positioning the large private conglomerate as a significant player in Tehran’s oil revenue network. Hengli’s refining unit has been targeted by U.S. sanctions, but its other business segments remain unaffected. According to The Journal, Hengli has also advanced swiftly in the shipbuilding sector, securing over $2 billion in contracts soon after the refinery was sanctioned and maintaining orders into 2030. Hengli has previously stated it has not traded with Iran and follows all relevant regulations.

Vietnam Airlines Boeing 787 returns to Munich after takeoff incident

August 15, 2026, 9:57 PM EDT. A Vietnam Airlines Boeing 787 bound for Hanoi returned to Munich after a technical problem shortly after takeoff. The aircraft circled for more than two hours before landing and was then unable to taxi off the north runway under its own power, forcing the airport to reroute traffic. Passengers and crew were safe, while the airline and authorities began inspecting the aircraft.

Paramount Shares Climb Amid Warner Deal Postponement, Posing $7 Million Daily Challenge

August 15, 2026, 6:48 PM EDT. Paramount Skydance shares ended Friday at $10.14, up 9.4% for the week, as investors weighed the legal path to its Warner Bros. Discovery deal. A federal judge has ordered a pause through August 17 while California and 11 other states seek a longer injunction, leaving Monday as the next key procedural date. If the $110 billion transaction is not completed after September 30, WBD shareholders are entitled to a $0.25-per-share quarterly ticking fee accrued daily; TechStock² estimates that at roughly $6.9 million per day. The narrowing discount to the $31 cash offer suggests the market is assigning better odds to eventual completion, but the remaining legal challenge still carries a visible time cost.

Nu Stock Rises 9.3% While $1 Billion Profit Encounters Delinquency Challenge

August 15, 2026, 5:05 PM EDT. Nu Holdings shares jumped 9.3% Friday after quarterly net income topped $1 billion for the first time, reaching $1.061 billion, about 9.7% above Visible Alpha consensus. Gross revenue reached $5.876 billion and risk-adjusted net interest margin rose to 12.4% from 9.5% in the prior quarter. The credit picture was mixed: early-stage delinquencies improved, but loans more than 90 days overdue rose to 6.9% from 6.5%. That makes asset quality the key counterweight to Nu’s accelerating profit and customer growth.

Europe Sees $13.52 Billion Inflow as Weekly Decline of 0.3% Challenges Rotation Trend

August 15, 2026, 4:24 PM EDT. European equity funds attracted $13.52 billion in the latest week, the biggest inflow since July 8 and 72.6% of the reported global net total. The buying came despite a 0.3% weekly drop in the STOXX 600 and contrasted with just $2.58 billion of U.S. inflows and $1.7 billion of outflows from technology funds. With Q2 STOXX 600 earnings growth at 23.4%, the data point to investors broadening equity exposure away from concentrated U.S. tech positions even as oil risk weighs on Europe.

Nvidia reveals $63.44 billion equity holdings, with Intel and SpaceX making up majority share

August 15, 2026, 4:12 PM EDT. Nvidia disclosed $63.44 billion of U.S.-listed equity holdings as of June 30, with Intel and SpaceX together accounting for 80.3% of the portfolio. Intel was valued at $29.99 billion and SpaceX at $20.98 billion, while the listed portfolio equaled about 1.16% of Nvidia’s own market capitalization. Equity-security gains added $15.94 billion to GAAP earnings in the April quarter, making the portfolio a meaningful source of earnings volatility ahead of Nvidia’s August 26 report.

Cipher Digital Shares Rise 7.4% Following Morgan Stanley’s 6.3% Stake Disclosure

August 15, 2026, 3:07 PM EDT. Cipher Digital rose 7.4% Friday after Morgan Stanley reported beneficial ownership of 26.28 million shares, equal to 6.3% of the company as of June 30. The filing is passive rather than activist, but it lands as Cipher is shifting from bitcoin mining toward AI data-center leasing. Q2 revenue fell 43% to $24.8 million and no HPC lease revenue had started by June 30, while supplier commitments totaled $2.17 billion. The new institutional stake therefore arrives against a capital-intensive transition where execution on Black Pearl, Barber Lake and Stingray matters more than the headline share move.

PDD Slides 7.6% as China Retail Numbers Cast Shadow on Cash Position

August 15, 2026, 2:45 PM EDT. PDD Holdings dropped 7.6% last week to $84.79 in advance of China’s July retail sales data, underperforming Alibaba but faring better than JD.com. Despite holding $63.2 billion in cash and short-term investments at March’s end, Q1 net income slipped 15% with revenue up 11%. Monday’s economic data from China will be key in assessing whether soft household demand is increasingly limiting PDD’s domestic growth and margins.

Peru growth slows as El Niño hits farming, fishing and mining

August 15, 2026, 12:17 PM EDT. Peru’s economy grew 1.75% year on year in June, easing from 1.8% in May as El Niño continued to disrupt key industries. Agriculture contracted 8%, fishing fell 52%, manufacturing dropped more than 6% and mining declined more than 2%. The economy still expanded 3.05% in the first half, while the government recently lifted its 2026 growth forecast to 3.5% from 3.2%.

Ukraine says it hit Russian rocket centre linked to Starlink-style network

August 15, 2026, 8:18 AM EDT. Ukraine said long-range strikes hit a Russian military airfield and the Progress rocket-and-space centre in Samara, which Kyiv links to Russia’s developing Rassvet satellite broadband network. Kyiv said Flamingo cruise missiles were used and claimed direct hits and fires; regional officials acknowledged damage to industrial infrastructure after a large missile attack but did not identify the facility. Reuters could not independently verify the Ukrainian claims. Progress is a major producer of Soyuz rockets, making the site relevant to Russia’s military and space-industrial capacity.