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Dow Jones Top Financial Services Headlines at 12 AM ET: Situational Awareness Down 67% in July in AI Stock Rout | Citadel ...

Dow Jones Top Financial Services Headlines at 12 AM ET: Situational Awareness Down 67% in July in AI Stock Rout | Citadel ...

Dow JonesDow Jones2026/07/31 04:00
By:Dow Jones

Situational Awareness Down 67% in July in AI Stock Rout

"We let you down this month," Leopold Aschenbrenner's hedge-fund firm told investors after selling the bulk of its stocks to Citadel.

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Citadel Buys Situational Awareness's Stock Portfolio After Big Losses in AI

The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank.

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Mastercard Sales Rise on Payment Network Growth

Mastercard's sales rose in the second quarter, driven by growth in its payment network.

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Coinbase Swings to Loss on Weak Crypto Market

The cryptocurrency exchange said revenue fell 19% in the second quarter to $1.22 billion, missing analyst estimates. Shares fell in after-hours trading.

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Bank of America Buys Cybersecurity Firm as Lenders Guard Against Digital Risks

Bank of America plans to acquire England-based cybersecurity firm MDSec, marking the lender's first acquisition in five years.

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Strategy Swings to Loss as Bitcoin Price Declines

The bitcoin treasury company reported a loss of $8.22 billion, or $24.45 a share, from a profit of $10.02 billion the year prior.

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NYSE Owner to Buy MarketAxess in $6 Billion Deal

Intercontinental Exchange agreed to acquire MarketAxess, an electronic trading platform for fixed-income markets, for $6 billion.

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Banks in Talks to Lend $15 Billion for Anthropic Data Center Backed by Google

Google's guarantees of power and lease obligations would help the developer secure financing for the 1.6-gigawatt Texas project.

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KKR's Asset Sales Defy Private-Equity Exit Slowdown

The New York investment firm recorded its best-ever quarterly sales despite an ongoing slump in the private-equity sector.

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ING's Defense Loan Book Could Double in Next Couple of Years, CEO Says

The comments came after the bank earlier on Thursday raised its top-line and profitability guidance for this year and next.

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BOE on Alert for Signs of Persistent Inflation as It Holds Rates

The U.K. central bank may yet raise interest rates if the Strait of Hormuz remains closed.

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The Problem With Warsh's Deference to Markets

The Fed chairman's analogy of calling balls and strikes doesn't work. The central bank isn't the umpire, it is the most important player in the game.

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BBVA Raises Profitability Outlook, Plans $2.3 Billion Buyback

The Spanish bank said that it now expects a return on tangible equity of around 21% this year, up from more than 20% previously.

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Societe Generale Beats Market Expectations

The bank also raised its outlook for 2026 and plans to launch a share buyback of 1.5 billion euros on Aug 3 at the earliest.

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Mortgage Rates Jump to a One-Year High

Four straight weeks of rising mortgage rates pushed the 30-year borrowing rate this week to 6.66%.

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PE Firms Are Raising Record Sums in Asia. EQT Group's Chair Explains Why.

The U.S. will remain a core market for most investors but the market has become so concentrated and correlated with the technology sector that it is pushing institutional capital toward more balanced portfolios.

(END) Dow Jones Newswires

July 31, 2026 00:00 ET (04:00 GMT)

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