Israel Continues Attacks on Southern Lebanon, Orders 29 Villages Evacuated

Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline Nvidia’s server assembly partner Hon Hai Precision Industry reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further, according to Bloomberg.  Hon Hai’s revenue grew to NT$2.51 trillion ($79 billion) in the three months to June, beating the average of analyst estimates of NT$2.37 trillion. Demand for AI-related products drove sales, compensating for a slight decline in demand from consumer electronics and computing products, where soaring memory prices have resulted in widespread...

What If The Automatic Stock Buying Just...Stops?  Submitted by QTR's Fringe Finance My readers know that for the last couple of years I’ve repeatedly warned about the “passive bid” in markets. By that I mean the constant, automatic buying of stocks driven by retirement plans, ETFs, and other systematic investment programs. This bid isn’t discretionary. It doesn’t ask whether valuations are reasonable and it doesn’t care whether earnings justify prices. It simply asks one question: did money flow in? If the answer is yes, it buys. It buys regardless of valuation, regardless of...

India Targets Five Small Modular Reactors By 2033 India expects to build domestically five small modular reactors (SMRs) by 2033, India’s Atomic Energy Minister, Jitendra Singh, said. The five SMRs would be part of India’s push to accelerate nuclear power capacity installations over the next two decades, the minister told lawmakers in a written reply to questions as carried by local media. The Bhabha Atomic Research Centre (BARC), India’s premier nuclear research facility under the Department of Atomic Energy, is currently developing a 220-MW Bharat Small Modular Reactor, a 55-MW reactor, and a...