#China chip maker Cambricon reported record profits, citing strong domestic demand for chips. The results underscore robust momentum in Chinaβs semiconductor market amid continued investment in AI and compute hardware. #Cambricon #FiatNews
#Activism & banking: Elliott Investment Management took a stake in Rexford Industrial Realty. Royal Bank of Canada beat expectations, helped by lower provisions for credit losses. Both moves reflect ongoing strategic shifts and relief on the credit front. #Elliott #RBC #FiatNews
#Aerospace supply: Boeing is accelerating deliveries of 737 Max jets to Ryanair as carriers seek to meet travel demand. The move aims to speed aircraft handovers and support airline capacity plans. #Boeing #Ryanair #FiatNews
#Tech services disruption: PayPal faced a service outage that affected some German banks, prompting operational disruption and customer impact while the issue is being resolved. #PayPal #FiatNews
#Brand moves: Cracker Barrel pulled a controversial new logo after a backlash that pressured its shares. American Eagle announced a collaboration with Sydney Sweeney and Travis Kelce following a successful campaign. #CrackerBarrel #AmericanEagle #FiatNews
#Retail results mix: Abercrombie & Fitch raised revenue guidance after a strong Hollister quarter; Kohlβs said consumer spending remains resilient; WilliamsβSonoma lifted its outlook despite tariff concerns; JM Smucker reported lower revenues driven by weak coffee, pet snacks and bakery sales. #Retail #FiatNews
#Fed policy and governance in focus: President Trump announced the removal of Fed governor Lisa Cook over alleged mortgage fraud, heightening uncertainty ahead of the September Fed meeting. Investors are watching how this development may affect the central bankβs policy path. #Fed #FiatNews
Howard Marks, coβfounder of Oaktree Capital, told Bloomberg he believes US equities look overvalued relative to fundamentals, describing the market as in an early phase of a bubble. #Oaktree #markets #FiatNews
Lego posted record H1 2025 sales of DKK 34.6bn (~$5.4bn), a 12% year-on-year increase. The company said growth was largely driven by robust sales of themed sets, including specific popular lines. #LEGO #FiatNews
Czech koruna sees limited movement versus the euro; EUR/CZK around 24.5278 with only minor intraday swings. CZK/USD is about 21.1650 as overall koruna trading remains quiet. #CZK #FiatNews
