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Dow Tumbles 600 Points as Brent Crude Tops $100, Alphabet and Tesla Drop
U.S. equities fell on Thursday, as oil prices surged amid escalating conflict in the Middle East, while investors weighed quarterly results from two of the largest companies in the world.The Dow Jones Industrial Average lost 604 points, or 1.2%. The S&P 500 dropped 1.2%, while the Nasdaq Composite l...Tiger News
Thu, Jul 23
Trump Says He'll Hold Iran Responsible for Future Houthi Strikes
President Donald Trump said the US would hold Iran accountable for future strikes by the Houthis, after the rebel group backed by Tehran hit commercial ships transiting the Red Sea.“The US will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punish...Tiger News
Thu, Jul 23
AGTech Holdings Limited（8279.HK）Announces Formation of Joint Venture Company with Hong Kong Gold Exchange to Accelerate Digital Transformation of Hong Kong’s Bullion Trading Market
(Hong Kong, 23 July 2026) – AGTech Holdings Limited (Stock Code: 8279.HK, the “Company” or “AGTech”) is pleased to announce that its subsidiary, TGX Technology Limited (“TGX”), and Hong Kong Gold Exchange Limited (“HKGX”) have formed a joint venture company (the “JV Company”), further deepening the strategic cooperation between the two parties in the digital infrastructure development of the bullion trading market, and jointly enhancing Hong Kong’s bullion trading, clearing and settlement ecosystem.On 26 January 2026, TGX entered into a technical service agreement with HKGX. Pursuant to the agreement, TGX will design, develop and maintain a secure and stable electronic trading, clearing and settlement, and related service platform for HKGX, its users and other customers (the “Core Platform”).The establishment of the JV Company marks a new phase of cooperation between TGX and HKGX, under which both parties will jointly advance the development of the Core Platform. TGX has commenced the initial stages of the Core Platform development. Upon completion, the existing bullion trading, clearing, settlement and related electronic activities of HKGX are expected to migrate to the Core Platform.The Core Platform is designed to be a financial-grade high-concurrency trading, clearing and settlement platform, which is expected to be innovative and supportive in terms of capacity, technology advancement and flexibility, with a strong system foundation. It aims to provide a more efficient, stable and secure infrastructure for bullion trading activities. AGTech has long been committed to financial technology innovation, with extensive experience in the development of international financial-grade platforms, core system solutions and digital operations. Through the establishment of the JV Company with HKGX, AGTech will leverage the strengths of both parties to accelerate the enhancement of Hong Kong’s digital infrastructure for bullion trading, facilitate the alignment of bullion trading, clearing and settlement activities with international standards and integration with global markets, and support Hong Kong’s continued development as an international gold trading centre.-End-23/07/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Jul 23
Brent Oil Futures Near $100 a Barrel While WTI Oil Futures Top $90 as Houthi Attacks in Red Sea Amplify Supply Risks
Oil closed in on $100 a barrel in London after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, escalating the Middle East conflict and threatening deeper supply disruptions.Brent briefly spiked above $98 a barrel, after closing at a six-week high in the prev...Tiger News
Thu, Jul 23
Premarket Movers | ServiceNow Soars Nearly 7%; Nokia Jumps 3%; Texas Instruments Drops 5%; Molina Healthcare Sinks 9% After Earnings Reports
ServiceNow rose 6.7% as shares rallied on stronger-than-expected Q2 results and a raised full-year subscription revenue outlook.US-listed Nokia stock jumped 3% in premarket trading. Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish te...Tiger News
Thu, Jul 23
Crypto Daily｜Coinbase Targets All-in-One Platform for Stocks, Crypto, Prediction Markets in Canada; Kraken Parent Company Makes Moves to Offer XStocks from Global Markets
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsNew draft of Clarity Act is out, and it would impose limits on Trump's crypto empireA would-be final version of the Digital Asset Market Clarity Act is circulating ...Tiger News
Thu, Jul 23
SG Morning Brief | Alphabet and Tesla Both Disappoint After Hours; Oil Pulls Back to $91 from $95 Spike
US OvernightThe S&P 500 slipped 0.14% to 7,498.96, the Nasdaq fell 0.57% to 25,690.90, and the Dow was essentially flat at 52,218.58. Oil dominated: Brent crude surged 3.4% to $94.07, briefly topping $95 for the first time in over a month, and WTI climbed 3% to $86.83. Secretary of State Rubio decla...Longport
Thu, Jul 23
Top Calls on Wall Street: CoreWeave, Sandisk, Affirm, Disney, Shopify, Nebius & More
Here are the biggest calls on Wall Street on Wednesday:Stifel upgrades DigitalOcean to buy from holdStifel says buy the dip in DigitalOcean shares.“With the stock down ~30% from recent highs and several incremental positive data points over the past week...”Truist upgrades CoreWeave to buy from hold...Tiger News
Wed, Jul 22
Iran Warns It Will Retaliate If US Strikes Infrastructure
An Iranian military source warned that if the US attacks Iranian bridges or power plants, Tehran would retaliate by striking infrastructure and bridges across the Middle East, including energy facilities with US interests. The comment was a direct response to President Trump’s recent warning that th...Tiger News
Wed, Jul 22
Nasdaq, S&P 500 Slip as Oil Prices Jump, Traders Gear up for More Earnings
The S&P 500 fell on Wednesday, pressured by a rise in oil prices, as investors looked ahead to another busy day of corporate earnings.The broad market index was down 0.3%, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average dipped 73 points, or 0.1%.Brent crude futures rose 3% ...Tiger News
Wed, Jul 22
Trump Warns Iran US Will Destroy Bridges or Power Plants If It Fires on Ships in Strait of Hormuz
Trump warned that any time the Islamic Republic of Iran fires on a vessel in the Strait of Hormuz — by missile, rocket, drone or any other weapon — the US will bomb and destroy a bridge or a power plant, including facilities in or near Tehran.Tiger News
Wed, Jul 22
Newborn Town Expects 1H2026 Revenue Increase of over 34% as AI Continues to Empower Business Growth
[Hong Kong – 22 July2026]Newborn Town Inc., a leading global social entertainment company(Newborn Town or the company, stock code: 09911.HK), released its unaudited operating data for the first half of 2026.For the six months ended 30 June 2026, the company’s total revenue is estimated to reach US$595 million to US$615 million, representing a year‑on‑year increase of approximately 34.3% to 38.8%, continuing a strong growth momentum. Revenue from social networking business amounted to approximately US$530 million to US$545 million, representing a year-on-year increase of approximately 34.2% to 38.0%. Revenue from innovative business recorded approximately US$65 million to US$70 million, representing a year-on-year increase of approximately 35.4% to 45.8%. This is the first time the company has presented its operating data in United States dollar.Rapid Growth in Social Networking Business as Flagship Products Expand GloballyAccording to the announcement, revenue from social networking business continued to grow, mainly driven by the company’s ongoing global expansion and full‑chain AI applications, supporting the steady growth of its flagship products. Since the beginning of the year, the company has continued to expand its global footprint around its core social networking business, maintaining its leading position in various markets such as MENA and Southeast Asia, while accelerating expansion into high-growth and high-value markets including Latin America, Japan, South Korea, Europe and the United States, further reinforcing its position as a leading player in the global social entertainment industry. The company’s flagship products have made positive progress in new market expansion. TopTop continues to leverage its UGC ecosystem advantage, becoming a household-name app in GCC markets such as Saudi Arabia, and ranking among the top in its category globally. With continually improved product quality and deeper local operations, TopTop made significant progress in high‑value markets such as Japan and Europe. It also entered the iOS Top 10 free casual games in Japan for multiple times during the first half of the year, according to DianDian Data.The company’s diverse-audience social networking business also maintained steady growth. HeeSay, its global community platform for LGBTQ+ audiences, continued to strengthen its presence in Southeast Asia, consistently ranking among the Top 10 in social app in countries including Vietnam and the Philippines. A recent research report noted that Newborn Town’s core competitive moat lies in its highly localized and operation‑intensive barriers, its monetization model centered on social spending, and its ability to diversify risk through a “bush-like” portfolio of social apps. Together, these strengths form a differentiated advantage that is difficult for competitors to replicate in the short term.AI Advancements Fuel Strong Momentum Across Innovation BusinessThe company’s innovative business delivered strong growth momentum in the first half of the year, primarily driven by the rapid expansion of its short drama business, supported by AI-powered content production and operations.In the first half of the year, the company steadily advanced its short drama business across multiple global markets, including Europe and United States, while accelerating the integration of AI technology into short drama production. Playlet, its short-form drama app, continued to broaden its presence in high‑value markets such as the United States, Japan and South Korea, achieving significant growth in its user base. Earlier this year, Playlet became one of the first partner platforms to integrate Seedance 2.0.According to TikTok’s short drama Q1 revenue report, one of the company’s hit titles ranked second on the platform by first-month revenue. A third-party research report noted that, with AI significantly improving short drama production efficiency, Newborn Town is well positioned to capitalize on its strengths in localized operations and user acquisition, while further enriching its social entertainment content ecosystem.The company’s other innovative businesses also maintained steady progress. Its quality games maintained solid momentum, with flagship titles sustaining long-term operations and generating stable profit contributions, while the commercialization of new titles progressed smoothly. The social e-commerce business continued to deepen its presence in specialized verticals and enhance its product and service capabilities, providing further support for the growth of the innovative business.In recent years, the company has continued to deepen the application of AI technologies across the entire business chain, spanning R&D and operations, while steadily improving its AI capabilities. Its self-developed multimodal algorithm model, Boomiix, continues to upgrade, improving the accuracy of social matching and the intelligence of operations. The company’s Siyu AI, an internal data intelligence platform, significantly shortened turnaround times for data queries, anomaly analysis, and report generation. Its proprietary AI-powered design platform KIVI has also greatly enhanced both the efficiency and diversity of content production, including virtual gifts and marketing creatives.Alongside strengthening its underlying AI capabilities, the company continued to expand the commercial application of AI. Aippy, an AI-powered gaming community incubated by the company, secured tens of millions of US dollars in independent financing at a post-money valuation of US$250 million. The platform has recorded nearly four million downloads worldwide, with daily active users increasing approximately sixfold since the beginning of the year and user retention ranking among the industry’s strongest.Meanwhile, NUSD Pay, the company’s AI agent payment initiative, commenced commercial operations, further broadening the range of AI-powered use cases. The company also continued to expand its strategic investment portfolio across the AI sector, investing in projects spanning world models and AI-native game engines, as well as AI interactive gaming and AI-powered advertising and marketing, further strengthening its AI application ecosystem.During the first half of the year, the company continued its share repurchase and cancellation. In March, Newborn Town announced to allocate approximately HK$ 300 million over the next two years for share repurchases. During the reporting period, the company completed two rounds of share cancellations, involving an aggregate of approximately 10.206 million repurchased shares with total consideration of approximately HK$ 85.126 million. In addition, on July 9, the company announced that it had repurchased shares from the market under the NBT Restricted Share Unit Scheme to support its long-term employee incentive program, for a total consideration of approximately HK$39.838 million.In March, Newborn Town was officially included in the list of eligible securities under the Stock Connect, further broadening access for mainland investors. Since its inclusion, the company has seen significantly stronger market attention and trading activity, with average trading value increased about twofold compared with the three months prior to inclusion. The company’s shareholder base has continued to diversify, providing a solid foundation for its stable long-term growth.About Newborn TownNewborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911.Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO,YoHo,TopTop,SUGOandHeeSay,together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan,and South Korea. The company aims to become the world's largest social entertainment company.For enquiries, please contactDLK Advisory pr@dlkadvisory.com22/07/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Jul 22
Premarket Movers | Rocket Lab, Oklo, Dell Gain Around 4%; Oil Stocks Jump with USO up 3%; Optical Stocks Fall with Corning, Lumentum Down Nearly 3%
Oil stocks jumped in premarket trading. Equinor, USO, Battalion Oil up over 3%; Sable Offshore, ConocoPhillips, BNO up over 2%.Oil futures jumped over 3% as investors weighed the escalating Middle East conflict after U.S. forces struck Iranian military targets for an 11th consecutive night.Rocket ...Tiger News
Wed, Jul 22
Chip, Storage Shares Pull Back. SOXL Down 7%; SK Hynix Down 5%; Seagate Tech, Western Digital, Lam Research, Astera Labs Down over 3%
Chip, storage shares pulled back in premarket trading. SOXL down 7%; SK Hynix down 5%; Seagate Tech, Western Digital, Lam Research, Astera Labs down over 3%.Tiger News
Wed, Jul 22
Tiger Brokers Named Among CNBC's World's Top FinTech Companies 2026 for Second Consecutive Year
Singapore, 22 July 2026 – Tiger Brokers (Nasdaq: TIGR), a leading online brokerage firm redefining global investing with next-generation technology, has been named one of the Worlds' Top FinTech Companies 2026 by CNBC and leading data analytics firm Statista. This marks the second consecutive year T...Tiger News
Wed, Jul 22
Crypto Daily｜Bitcoin Rallies After Bessent Says Clarity Act at ‘1-Yard Line’; Pavel Durov Wants to Give a Billion Telegram Users a Crypto Wallet
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Rallies After Bessent Says Clarity Act at ‘1-Yard Line’Crypto markets are stirring after months of listless trading on signs that Washington is moving towar...Tiger News
Wed, Jul 22
SG Morning Brief | Memory Stocks Explode 11%, SOX Surges 5% as Chip Correction Reverses
US OvernightThe S&P 500 rose 0.89% to 7,509.20, the Nasdaq gained 1.29% to 25,837.21, and the Dow added 385.38 points (+0.74%) to 52,224.64, with all three indexes snapping three-day losing streaks. The semiconductor sector staged its most powerful rally in six weeks: the SOX surged 5.2% and the mem...Longport
Wed, Jul 22
Top Calls on Wall Street: Nvidia, SpaceX, Tesla, Meta, Micron, Oracle, Five Below & More
Here are the biggest calls on Wall Street on Tuesday:Deutsche Bank upgrades UDR to Buy from Hold. Deutsche says shares of the REIT have more room to run. “We are upgrading UDR to Buy from Hold as our preferred value investment among Multifamily REITs.”Mizuho reiterates Oracle as Outperform. Mizuho s...Tiger News
Tue, Jul 21
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