Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Add as a preferred source on Google
Joe Biden reportedly called a meeting for cybersecurity, and the CEOs of major tech companies have confirmed attendance. According to Reuters, Amazon’s Andy Jassy, Apple’s Tim Cook, and Microsoft’s Satya Nadella will all be at the White House for the conference.
The POTUS is said to be hosting the summit on Wednesday, Aug. 25, and he is expected to discuss each company’s efforts on improving cybersecurity. The publication said that the source who shared this information asked not to be identified since the meeting has not been shared with the public yet.
It was added that chief executives of other large companies in the tech, banking, energy, and water utility fields, including Google, JP Morgan Chase, Southern Company, and International Business Machines Corp., were also invited by the U.S. president for the cybersecurity meeting.
The gathering is part of the POTUS’ national security memorandum that he announced last month. It was signed after a series of high-profile cyberattacks beset major companies as well as government agencies in the U.S. this year.
For instance, the Colonial Pipeline was hacked, and the attackers asked for ransom for its system to be restored. The incident affected health systems and municipalities in the country. There was also the massive SolarWinds hacking, and this is exactly why Biden is hosting the cybersecurity conference - to prevent incidents like this in the future.
At any rate, CNBC further reported that a source revealed IBM’s chief, Arvind Krishna, is also planning to be at the White House for the meeting on Wednesday. As for Google, it is not certain yet as to who from the company is attending.
Meanwhile, US senators Mark Warner, Marco Rubio, and Susan Collins have initiated a bill that will require companies in the private sector that are working with the government to disclose any hacking or cyber-attacks on their systems. It was said that the bill will also serve as protection to firms for possible negative effects from the reported breach, like, for example, being sued by the shareholders and using the shared details of the hack as proof.
