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Saudi state TV said Turkish President Erdogan arrived in Saudi Arabia.

2026-08-07

Saudi state TV said Turkish President Erdogan arrived in Saudi Arabia.

Other News
2026-08-07

Yunfeng Fund said reports that it invested in US AI insurance company Corgi are false and the fund did not participate in the project. Yunfeng Fund is a private equity firm co-founded by Alibaba founder Jack Ma and media entrepreneur Yu Feng in 2010.

Yunfeng Fund said reports that it invested in US AI insurance company Corgi are false and the fund did not participate in the project. Yunfeng Fund is a private equity firm co-founded by Alibaba founder Jack Ma and media entrepreneur Yu Feng in 2010.
2026-08-07

BofA strategists led by Michael Hartnett say investor bullishness has reached extreme levels and recommend trimming risk exposure. The bank’s bull‑bear index rose from 9.4 to 9.7, its highest since 2021. They attribute the optimism to broader equity

BofA strategists led by Michael Hartnett say investor bullishness has reached extreme levels and recommend trimming risk exposure. The bank’s bull‑bear index rose from 9.4 to 9.7, its highest since 2021. They attribute the optimism to broader equity gains, heavy inflows into high‑yield bonds and tighter credit spreads. The team favors defensive assets to shield portfolios from potential shocks to the economy, monetary policy and the AI cycle. Hartnett said: "We're still in a summer 'withdraw/rotate', not 'add back' stage." He advises reducing risk allocations or rotating into defensive assets, long‑duration bonds and the dollar.
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