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Gold
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Real-time News
Conflict Updates: 1. A Russian drone factory director was attacked by a car bomb. 2. Ukrainian President Zelenskyy: Ukraines air defense system supply has decreased by two-thirds compared to last year. 3. Reports indicate that 16 people have been killed and 36 injured in the Kyiv region following the Russian attack. 4. Russian Ministry of Defense: Three ships were damaged near Odessa; Russia disrupted logistics hubs in and around Kyiv. 5. According to TASS: A fire broke out at the Russian State Space Corporation research facility in Korolyov, near Moscow. Other Updates: 1. French President Macron: The EU and its partners will continue to increase pressure on Russia, including through sanctions. 2. European Commission President Ursula von der Leyen: Russia must pay the price for the damage it has caused. We will allocate an additional €1.4 billion from the proceeds of frozen Russian assets to Ukraine. 3. Russian President Putin reshuffled the Russian military leadership, appointing Denis Lyamin to lead the newly formed unmanned systems force and appointing new frontline combat and military logistics commanders. 4. Ukrainian Prime Minister: The EU will allocate €1.4 billion to Ukraine from the proceeds of frozen Russian assets. These funds will be used to strengthen Ukraines defense capabilities and enhance the countrys resilience.Sequoia Capital has completed a new round of financing of $10 billion.Faraday Future (FFIE.O): Plans to reduce its debt of $230 million as of the end of the first quarter to below $100 million within four quarters.On August 6th, Federal Reserve Governor Tim Cook reiterated her stance: she is prepared to raise interest rates if inflation does not slow, and warned that policymakers may not have room to wait for inflation to return to the 2% target. While Cook supported the Feds decision to keep interest rates unchanged at the July policy meeting, she cautioned that the longer inflation remains above the Feds target, the more difficult it will be to curb it. Speaking at an event in Alaska, Cook said, "If I dont see signs of a sustained decline in inflation anytime soon, Im prepared to act. With inflation above target for five consecutive years, the risk of inflation becoming entrenched in price and wage-setting behavior is rising, which will lead to more persistent inflation that we will find harder to manage." However, Cook indicated that the waning impact of tariffs, the potential for lower oil prices, and easing pressures related to the AI boom might provide a buffer for inflation, thus necessitating policy tightening. She stated that her primary task remains getting inflation back to the Feds target level.SanDisk (SNDK.O) shares fell more than 3% in after-hours trading in the U.S.
