Trump Media’s new Truth API offers banks and high‑frequency traders a paid feed that delivers posts from Trump and nine other influential accounts milliseconds before the public. At least five firms have signed up, paying up to $100k a month to capture market‑moving tweets before rivals.
Revolut started a secondary share sale that values the digital bank at $115 billion, a jump of over 50% from its previous $75 billion valuation. The deal brings in new investors and cements Revolut as Europe’s most valuable fintech, sharpening its path toward a future public listing.
Schwab posted Q2 earnings of $1.62 per share on record $7.1 bn revenue, while customers opened 1.4 million new brokerage accounts and daily trades hit 11.9 million. CEO Rick Wurster says the surge reflects a structural rise in retail investing interest, not merely the SpaceX IPO.
Trading Economics shows gold at $4,089 per ounce on July 23, still above the $4,000 threshold. The metal’s resilience reflects lingering inflation concerns and expectations that the Fed may keep rates high ahead of its upcoming meeting. Investors are watching gold as a hedge amid tighter monetary policy and geopolitical risks.
Goldman Sachs has launched an alternative‑investments platform that lets high‑net‑worth clients and family offices take direct stakes in late‑stage private companies instead of buying private‑equity funds. The offering, which includes a secondary market for trading those stakes, aims to capture the next SpaceX or Stripe as startups stay private longer, answering growing demand for private‑tech exposure.
China’s Ministry of Commerce is consulting top AI and chip firms about export rules that would block advanced model weights and chip designs from reaching the West. The move mirrors U.S. restrictions, signaling a strategic shift that could curb global AI talent flow and reshape supply chains.
OpenAI says its two agentic tools, Codex and ChatGPT Work, now have about 10 million users, doubling the count from weeks earlier. The surge comes as cheap Chinese models threaten U.S. market share, prompting policy debates on AI protectionism in Washington and Beijing.
You’re caught up.
That was all 7 stories in the 23 July issue.