‼️ Alphabet sold $25 billion of investment-grade bonds, drawing about $115 billion in peak demand—one of the year’s largest AI-related debt order books, behind Oracle’s $129 billion (February) and Amazon’s $126 billion (March). The strong reception marks a sentiment rebound after last month’s tech-bond selloff driven by heavy issuance and AI-spend concerns. Alphabet also signaled it plans to issue U.S. debt twice a year.
‼️ 🧠 DeepSeek has reopened its second funding round, targeting nearly $8 billion at a ~$74 billion (500 billion yuan) valuation, with Monolith Management in talks to invest. The push follows its V4 Flash model, which reset the cost–performance curve and sparked talk of a “DeepSeek death zone” for rivals offering less at similar prices or the same performance at higher cost.
‼️ OpenAI’s 2027 smart speaker—shaped like a doughnut and roughly hockey-puck sized—is designed for one‑handed portability and positioned as an AI‑first home computer. It will run advanced voice models (beyond ChatGPT’s app voice mode) to enable more humanlike, all‑day interactivity and help users get things done
‼️ BREAKING: OCBC (SGX:OCBC) clocked a stronger-than-expected jump in its second quarter net profit on Friday. Net profit for the three months to June 30 rose 22% year-on-year to S$2.22 billion ($1.73 billion). The print was higher than Bloomberg estimates of S$1.95 billion. Net interest income fell 1% year-on-year to S$2.26 billion. But non-interest income surged 51% year-on-year to S$1.91 billion. Fees and commissions, trading income, and insurance-related income all rose sharply in the quarter. OCBC declared an interim dividend of 47 cents per share, up from 41 cents a year ago
‼️ BREAKING: Singapore’s United Overseas Bank (UOB) (SGX:UOBH) posted a 10% rise in second-quarter net profit on Friday. Net profit for the three months ended June 30 rose to S$1.48 billion ($1.15 billion) from S$1.34 billion a year earlier. Net interest income slipped 2% to S$2.30 billion. Net fee income climbed 5% to S$665 million. Other non-interest income jumped 28%. Non-performing loan ratio remained unchanged at 1.6%, while total credit allowances fell 24% from a year earlier. UOB maintained its 2026 guidance, forecasting low single-digit loan growth and low single-digit fee income growth, with full-year net interest margin expected at 1.75%-1.80%
‼️ The Houthi militant group said it conducted a “large-scale” attack against forces from Yemen’s Saudi-backed government, raising concerns over a broadening of the US-Israeli war on Iran into a region-wide conflict.
‼️ Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination. In 2Q streaming segment surpassed $3 million in revenue. Advertising revenue for its streaming business increased 9%.
📌 SoftBank Group Corp’s fiscal first-quarter profit fell less than expected, as strong gains on its Intel stake and Vision Fund investments helped offset rising costs and losses on other holdings. Softbank’s net income attributable in the three months to June 30 fell 17.7% to 347.33 billion yen ($2.20 billion). The print was nearly twice Bloomberg estimates of 165.83 billion yen