US stock indexes surged in a rebound rally following a deep tech-led selloff that stemmed from a dovish Fed rate decision 

Korea's KOSPI index entered a bull market two days after entering a bear market

China's CSI 300 index fell 1.1% to drop 8.6% for its worst month since January 2016

Gold is set to break a four-month losing streak 

KKR beat Q2 profit estimates on rising AUM and a bumper run of exits (RT)

Apple beat Q3 earnings and revenue estimates driven by a 22% increase in iPhone sales but issued weak guidance due to supply constraints (CNBC)

Amazon beat Q2 earnings and revenue estimates on surging cloud growth and boosted FY capex to $220B due to higher memory costs (CNBC)

Coinbase posted a third straight loss on a crypto trading slowdown (RT)

What we're watching this week:  

Full calendar here

Musk is reportedly considering selling Tesla's China unit to pave way for a SpaceX merger 👀

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AI hedge fund Situational Awareness blew up (CNBC)

Situational Awareness is down 67% MTD but still up 80% YTD (WSJ)

Trump says Hamas has agreed to disarm over time (FT)

BoE held rates steady at 3.75% (CNBC)

Consumers, AI spending supported US economic growth in Q2 (RT)

Regulators cite 'circular' risk in investments used by KKR and Apollo (FT)

Fitch's private credit default rate hit a record in Q2 (BBG)

PE firms are raising record sums in Asia (WSJ)

Asia L/S hedge funds are set for a record monthly loss (RT)

Chinese firms ready most buybacks since trade war to stem rout (BBG)

India family offices embrace profit-sharing to attract top talent (BBG)

Goldman Sachs Asset Management launched an AI investing platform (RT)

Big Tech AI spending spree topped $1T (FT)

Claude AI hacked three companies during cyber tests (RT)

OpenAI cut prices on smaller models as businesses scrutinize AI spend (RT)

Senators warn Apple not to buy memory from Chinese companies (BBG)

DeepSeek is developing massive AI data center in Mongolia (BBG)

Goldman queried Ruemmler on Epstein links as scrutiny mounted (RT)

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Tesla is weighing a sale of its China business to pave way for potential SpaceX merger

$15B-listed GFL Environmental received takeover approaches at valuations “materially higher” than the current share price

NYSE-parent ICE will buy credit electronic trading platform MarketAxess in a $5.7B deal

Dutch engineering ​consultancy group Arcadis rejected ‌an improved $5.7B takeover bid from Canada's WSP Global 

Johnson & Johnson acquired the option to buy immunology-focused biotech Sail Biomedicines in a $3.4B deal

Cloud provider Nscale agreed to acquire software startup Anyscale for $1.65B

UK's IG Group agreed to acquire US daily fantasy sports and prediction markets operator Underdog for $1.3B

UK telecoms network firm CityFibre is set to raise $1.2B from shareholders including investors Goldman Sachs and SWF Mubadala

Crypto firm HashKey Holdings agreed to acquire Singapore's ​Asia Pacific Exchange 

Kentucky Derby-owner Churchill Downs plans to sell nine of its regional casinos

Bank of America plans to acquire information security ​firm MDSec Consulting 

Activist investor Jana Partners is pressuring payments company Fiserv to‌ review its entire portfolio rather than sell individual assets 

Commonwealth Fusion Systems, a fusion power startup, raised $1B in new funding from pension funds, SWFs, and others

Antora Energy, an energy storage company, raised a $550M Series C co-led by G2 Venture Partners and Eclipse

Satellite startup K2 Space raised a $500M Series D at $6.8B valuation led by Kleiner Perkins and ICONIQ

Function, a health platform combining lab testing, imaging and personalized intelligence, raised $450M in growth financing from General Catalyst

Xsight Labs, a fabless semiconductor provider of intelligent connectivity solutions, raised over $300M in a funding round at a $2.8B post-money valuation led by Fidelity

Simile, a synthetic-user startup, raised a $200M Series B at a $2B valuation led by Greenoaks

CAIS, an alternative investment platform for independent financial advisors, raised a $170M Series D at a $2B valuation led by Vista Equity Partners 

Onyx Security, an AI control company, raised a $113M Series B led by Bessemer Venture Partners

Lydian, a synthetic aviation fuel startup, raised a $43M Series A led by Breakthrough Energy Ventures

DataBahn, an agentic data control plane for enterprises, raised a $40M Series B led by Insight Partners

Epicutis, a science-backed, IP-driven skincare brand, raised a $25M Series C growth round led by GroundForce Capital

The Farmer Companies, a premium cheese snacking platform, raised a $17M Series A led by Raff Ventures

Spanish lender Santander will ​launch an offer to acquire the remaining 10% shares it ‌does not already own in its Brazilian unit at a $2.2B valuation at a 15% premium

France will sell a $1.3B stake in telecom Orange in secondary share sale

Blackstone-backed Jersey Mike's Subs raised $1B for a $6.9B market cap in its IPO

 a16z-biotech Braveheart Bio is seeking to raise $319M in an IPO

Permira-backed celebrity-favorite retailer Reformation raised $211M at a $900M valuation in its IPO

Pakistani fintech group Abhi is preparing to launch an $11M IPO of its microlender Abhi Microfinance Bank

Blackstone agreed to acquire a $25B home and personal loan portfolio in Australia from HSBC

Banks are in talks to lend $15B for an Anthropic data center backed by Google

Blue Owl's data center firm Stack Infrastructure is seeking a $6B syndicated loan 

Goldman Sachs is gauging investor appetite for a $5.4B debt offering to help fund a Blackstone-backed QTS data center tied to Microsoft

French lender SocGen is nearing a $5B SRT linked to data centers

Fortress Investment Group agreed to buy $1.5B of loans originated by lending fintech Wayflyer

Singapore Telecommunications is in talks to acquire a $1.4B stake Australia's Optus from infrastructure investor Morrsion 

Goldman-backed immunology-focused biotech Attovia is seeking to raise $212M in its IPO

MM PE firm Kingswood Capital raised $4B across two funds

Wacona Capital raised a $210M CV for engineering and architecture firm Core States Group led by Painswick Capital

Situational Awareness, the AI hedge fund of ex-OpenAI researcher Leopold Aschenbrenner, sold all public equities in a fire sale to Citadel after getting margin-called

Strategy shores up liquidity as faithful wait on rebound

JPMorgan warned Clarity Act delays could undermine crypto

Spotify is expanding its music offerings into an area we all need it all to often: fitness. Check out how their new Running Mode can bring deep personalization to your workouts.

FT published a short piece on how JPMorgan walked into another sports firestorm (not including its recent OSU sponsorship deal).