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Aschenbrenner’s $24B AI Fund Implodes After Leverage Backfires on July 31
Situational Awareness hedge fund, founded by ex-OpenAI researcher Leopold Aschenbrenner, liquidated its $16 billion public portfolio after leverage amplified losses on AI stock bets. Citadel acquired the assets in under 24 hours.
Leopold Aschenbrenner’s $45B AI Fund Collapses 67% in July
Leopold Aschenbrenner’s $45 billion AI hedge fund Situational Awareness crashed 67% in July after overleveraged bets on chip stocks backfired. Citadel bought the portfolio at a discount.
Costco Canada Expands Recall to Toaster Ovens, Go-Karts on July 31
Costco Canada recalls Panasonic toaster ovens, Aston Martin go-karts, and Alfa Croissants due to fire, injury, and mould hazards. Full details on affected lot codes and refund options.
Kioxia Profit Surges 31-Fold on AI Chip Boom; Stock Split Announced
Kioxia reports 46-fold Q1 profit jump to 842.2 billion yen on AI demand. Company forecasts 31-fold H1 profit to 2.1 trillion yen and announces 3-for-1 stock split effective October 1.
NZX Shares Fall 0.46% Despite Strong US Market Performance
NZX shares slipped 0.46% on July 31, 2026, even as Wall Street posted a strong rebound overnight. The benchmark NZX 50 fell from Thursday’s close of 13,976.67 to trade near 13,909.45. That pullback followed three straight record closes earlier in the week, with the index sitting just below its 52-week peak of 14,000.35. Why NZX…
Leopold Aschenbrenner’s $45 Billion AI Bet Ends With Massive Sell-Off
Leopold Aschenbrenner’s Situational Awareness LP sold its entire public stock portfolio in a single block trade on Thursday, July 30, 2026, after July’s AI selloff gutted the fund. Ken Griffin’s Citadel purchased the positions, which represented roughly two-thirds of the firm’s total holdings, according to CNBC. The fund had grown to as much as $45…
Amazon Stock Jumps After Company Raises 2026 Capex to $220 Billion
On July 31, 2026, Amazon shares climbed after the company announced plans to increase its 2026 capital spending to $220 billion, reflecting a larger commitment to artificial intelligence and cloud infrastructure. The announcement came alongside stronger-than-expected quarterly earnings and solid growth in Amazon Web Services (AWS), easing investor concerns about higher spending. With competition in…
Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
MCX Gold (GOLD) Rises 0.26% to ₹1,42,150 as Fed Holds Rates; Brent Crude Falls to $89.71, WTI at $83.78
MCX Gold rose 0.26% to ₹1,42,150 on July 30, 2026, after the US Federal Reserve held interest rates steady. The FOMC voted 9-3 to keep rates at 3.50%-3.75% for a fifth straight meeting. Brent crude fell 1.14% to $89.71 per barrel, while WTI slipped 0.81% to $83.78. Gold gained despite a stronger dollar and higher…