$19.6 Billion: The Microsoft Earnings Number That Matters MostThe massive investment in AI raises concerns as Meta (META.US) sees a 94% drop in free cash flow, yet some Wall Street institutions remain optimistic about its long-term prospectsNine Key Signals from the Politburo Meeting: Macro Policies to Boost Effectiveness, Pragmatic and Effective Incremental Policies ExpectedGermany's July CPI Rises to 2.8%, Hitting a Three-Month High; Expectations for ECB Rate Hike in September SurgeGoogle Unveils Gemini Robotics AI Model to Tackle Dexterity ChallengesAI Strategy May Shift: Report Says Microsoft Considers Supporting "Open-Weight" AI Models Amid Rise of Chinese AIAmazon's Zoox has received clearance from the NHTSA and will launch a paid autonomous ride-hailing service in Las VegasMeta's stock price plummets: Why has the company become Wall Street's "abandoned child"?Oracle and Google expand cooperation to bring Gemini into enterprise applicationsTaiwan Semiconductor develops AI chip packaging technology to compete with IntelUS Q2 GDP Annualized Growth at 1.5% Misses Expectations, PCE Price Index Rises 3.4%Quick Take on US Q2 GDP DataU.S. Q2 Real GDP Annualized Quarter-on-Quarter Initial Estimate at 1.5%, vs. 2% Expected and 2.1% PreviousUS June PCE Price Index Rose 3.7% Year-on-Year, In Line with Consensus Estimates of 3.7%, Previous Value 3.7%YUMC (Trans): Faster Response, More Openings After Taking Brands In-houseZhitong Hong Kong Stock Analysis | Capital Binds Together State-owned Banks Reach New Highs, Technology Falls into Panic or Welcomes a Turning PointHold Steady! Bank of England Keeps Rates at 3.75% as Expected, but Warns of Persistent Inflation RisksJuly FOMC Meeting: A Communication "Accident""No Zuo No Die": Silicon Valley Turns Against Anthropic, Claude Products Ordered to Be BannedU.S. Stock Market Outlook | Three Major Index Futures Rise, 30-Year U.S. Treasury Yield Soars to 19-Year High, Apple and Amazon to Release Earnings After HoursLei Jun: Xiaomi's EREV SUV Has a Range of Over 1,700 Kilometers, "No Charging or Refueling Needed from Shanghai to Beijing"Hang Seng Bank: Expects the Federal Reserve to still prefer to keep interest rates unchanged and maintain a high allocation to the Asia-Pacific stock marketIs Meta Platforms a Buy After Its Latest Earnings Report?Starbucks Fiscal 2026 Q3 Earnings: Net Revenue of $9.32 Billion, Net Profit Attributable to Shareholders Reaches $1.05 BillionThe Fed Holds Rates Steady: Why Are US Treasuries Not Buying It?The Federal Reserve Becomes a Market "Follower"MSFT: Tides Turn — Old Guard Back in Favor?Liu Yuhui: Alibaba Valued at Only One-Tenth of Amazon; Hong Kong Tech Stocks Will Be Repriced Sooner or Later; Volatility Release Creates Buying OpportunitiesHong Kong Stock Review: Interest Rates Unchanged, Long-term Bonds LeadTesla's 10 Millionth EV Rolls Off the Line Globally; Shanghai Gigafactory Sets H1 Production RecordReport: Korea Exchange Internally Considers Temporarily Banning Short Selling and Narrowing ±30% Price LimitsPolitburo Meeting: Several Signals of Intensified Efforts and Improved EfficiencyFrom 439% Profit This Year to Urgent Fundraising: The All-in AI Fund Founded by a Former OpenAI Employee Can No Longer CopeNVIDIA bets on Reflection to layout open-source artificial intelligence, and now this startup faces increasing pressure to catch upThe Federal Reserve Is Never the Referee!AI Office Battle Escalates: Tencent WorkBuddy Launches 'Human-AI Co-Writing'Hong Kong stocks close (07.30) | Hang Seng Index rises 0.2% AI hardware stocks continue to decline New Oriental-S (09901) surges nearly 19% after earningsFidelity: The Federal Reserve may not start the interest rate hike cycle until December, and AI remains a long-term growth themeARM: Big Tech Pullback; Is the Sky-High Valuation Cooling?Goldman Sachs: Market Still in 'Post-Deleveraging Ruins,' Risks Not Yet Cleared; Recommends Proactively Buying ProtectionCapital Inflows and High Dividends Drive the Banking Sector: ICBC and CCB Hit Record Highs, China Merchants Bank Returns to Trillion-Yuan Market CapCICC: Fed's Hold Amplifies Market RisksFocusing on the DTC model, women's clothing brand Reformation has set its IPO offering price on the US stock market at $15, which is at the lower end of the price rangeSemiAnalysis: AWS and Meta Push "Modular" Data Centers, Cutting Construction Time by 36% and Costs by 8%