News

Market news: Blackstone Group (BX.N) is set to acquire a minority stake in Air Canada's Aeroplan loyalty program for $2 billion. This deal will inject new capital into Air Canada to address rising fuel costs and weak U.S. travel demand.

An advisor to the Ukrainian Interior Minister stated that Russia launched ballistic attacks on the Kyiv, Zaporizhzhia, and Dnipropetrovsk regions. Multiple explosions occurred in Kyiv.

According to Middle Eastern media: A US general will take command of the Gaza Strip in the coming weeks.

The Reserve Bank of New Zealand has released a consultation paper on introducing a prudential tax. The consultation includes a proposal to impose a full cost recovery tax on all prudential costs and other expenses.

Nvidia (NVDA.O) CEO Jensen Huang: AI labs and AI startups need computing power.

Nvidia (NVDA.O) CEO Jensen Huang: Nobody is turning down new AI funding plans.

Nvidia (NVDA.O) CEO Jensen Huang: (Regarding the $500 billion AI infrastructure financing plan) The related transactions will support the widespread application of artificial intelligence. The funds will all come from third-party capital.

Morgan Stanley: Launches U.S. Innovation Infrastructure Initiative, which aims to facilitate approximately $1.5 trillion in capital raising, financing, advisory and related investment activities over the next 10 years.

The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against companies such as Adit Ventures Management, alleging that they defrauded investors and clients of their funds in pre-IPO stock investments in companies such as SpaceX and Klarna.com.

NVIDIA (NVDA.O): A new financing platform will transform NVIDIA’s computing and full-stack AI infrastructure into a globally investable asset class.

NVIDIA (NVDA.O): The company and its partners will create a dedicated funding pool for customers of artificial intelligence infrastructure.

The Dow Jones Industrial Average closed down 61.30 points, or 0.11%, at 53,975.63 on Monday, August 10; the S&P 500 closed down 4.62 points, or 0.06%, at 7,753.02 on Monday, August 10; and the Nasdaq Composite closed down 85.26 points, or 0.32%, at 26,605.36 on Monday, August 10.

US President Trump: My relationship with Netanyahu is very good.

US President Trump: I have only spoken to Warsh once since his appointment. (Denising Wall Street Journal reports of frequent phone calls between the two)

US President Trump: Only the United States can control the Strait of Hormuz.

US President Trump: We have cleared mines throughout the Strait of Hormuz.

US President Trump: The Strait of Hormuz is now open, and we control it.

A U.S. judge dismissed the Justice Department's criminal charges against Indian billionaire Gautam Adani.

US President Trump: (When asked what will happen next in the war with Iran) You'll find out very soon.

US President Trump: The future of the weaponization fund will be decided by Attorney General Branch.