Whale Rock reduced its Nvidia holding in the second quarter, cutting the position from about 1.04 million shares to 377,204 shares, a decline of roughly 64%, according to its latest 13F filing. Over the same period, the hedge fund raised its Advanced Micro Devices stake from 69,211 shares to roughly 1.51 million shares. Nvidia’s market capitalization is about $5.24 trillion and the stock trades near $215, about 10% below its 52-week high.

Brazil’s coffee harvest is accelerating, with Cooxupe reporting 81.1% completed as of Aug 14, up 7 points from the prior week. Safras & Mercado said the Brazil 2026/27 harvest was 90% complete as of August 12, still behind last year and the five-year average. Arabica harvesting was 86%, below 95% a year earlier. ICE arabica and robusta coffee futures both settled lower on Friday.

ANZ expects the Bangko Sentral ng Pilipinas to lift its policy rate by 25 basis points to 5.0% at its Aug. 27 meeting to rein in inflation that remains above target. While headline inflation has eased over the past three months, July inflation of 6.2% is still well above the central bank’s 3%–4% goal. The BSP has raised rates twice this year, leaving the benchmark rate at 4.75%.

Four top AI researchers left Alphabet’s Google, and the stock closed down 4.03% at $362.43, wiping about $186 billion off its market value on above-average trading volume. The decline outpaced the broader market, with the Nasdaq Composite down 0.8%, the S&P 500 off 0.2%, and the Dow ending at a record. CEO Sundar Pichai said Google will still act as a “founding investor” in the effort.

Ripple said it has voted in support of a major amendment slated for the XRP Ledger 3.3.0 upgrade. The change is described as a protocol-governance-level technical update, though the report did not detail its contents. The upgrade includes optimizations to ledger functionality and will be activated only after validator voting reaches consensus.

Rocket Lab’s Space Systems revenue more than doubled year over year, lifting the company’s overall backlog to $2.36 billion. The larger backlog is positioned to support continued revenue growth and margin expansion.

Strategy (MSTR) rose 6% to $118 on Aug. 21, extending its five-session gain to 27%. The total crypto market cap climbed from $2.1 trillion on Aug. 19 to $2.5 trillion, while Bitcoin moved above $79,000 for the first time since May 2026 and surpassed Meta in market-cap rankings. Other crypto-linked stocks also advanced, with Coinbase (COIN) up 6.81% to $184 and Circle (CRCL) up 7% to $89.

The U.S. Treasury has issued more than $100 billion in tariff refunds since May, exceeding half of the total revenue collected from IEEPA tariffs over the same period. Refunds hit $21.97 billion in May, topping that month’s collections for the first time, and surged to $49.18 billion in June, pushing net customs revenue to negative $25.56 billion. Research from the Federal Reserve Bank of St. Louis found tariffs lifted prices of pharmaceuticals and household utensils by more than 4%. The jump in refunds is undermining the tariffs’ fiscal payoff.