Situational Awareness, Leopold Aschenbrenner's hedge fund, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more collateral for his trades. Ken Griffin's Citadel hedge fund reached out to Situational Awareness and snapped up the investments at a discount, according to a person familiar with the matter. Bloomberg's Anthony Stephens reports.
A big week of earnings results for some of the world's most influential companies has been underscored by the global AI infrastructure buildout, tightening supply chains and ongoing geopolitical uncertainty. The Opening Trade spoke to CEOs and corporate heavy weights to get clarity on their second-half outlook and whether they remain optimistic on returns from their AI investments.
FlexiRoam (ASX:FRX) posted its first full-year positive operating cash flow of $2.7 million for FY26.
DPM Metals (ASX:DPM) reported net earnings of $230 million for the second quarter of 2026.
Ariana Resources (ASX:AA2) sold its 9.9% interest in the Kiziltepe Sector to Proccea Construction Co. for US$3.3 million.
The Australian Government Takeovers Panel declined proceedings on Frasers Group's application concerning Accent Group (ASX:AX1).
A global rally in technology stocks gathered momentum as South Korean equities posted a record jump, with investors returning to the artificial intelligence trade after this week's rout.
Levi Strauss President & CEO Michelle Gass says Asia is a key growth engine in the company's ambition to hit $10 billion in annual revenue. Gass adds that India and Japan are fueling the growth in the region. She speaks with Paul Allen on "Insight with Haslinda Amin."
Migrants crossed into Ceuta, Spain, one of two direct land connections between Africa and Europe. It prompted the Spanish government to order an emergency military deployment.
Adisyn (ASX:AI1) secured a second United States patent allowance covering graphene-coated surfaces for semiconductor applications.
Ora Banda Mining (ASX:OBM) expanded the Little Gem prospect strike length to 2.6km with multiple parallel sapphire lodes.
The Bank of Japan kept its policy settings unchanged and nudged its economic growth forecast higher, signaling confidence that the economy remains on track for further policy normalization. Bloomberg's Shery Ahn has the latest.
