Hedge fund manager David Einhorn’s DME Capital Management bought about 1.42 million PayPal shares in the second quarter, valued at $61.5 million. PayPal reported Q2 adjusted EPS of $1.38, about 8% above expectations. The stock has rebounded recently, leaving it valued at roughly 11.7 times earnings. That multiple sits below the financial services sector median.

Oracle reported fiscal fourth-quarter results for the period ending in May, with revenue up 21% year over year to $19.2 billion and adjusted earnings per share rising 24% to $2.11. Driven by AI demand, total cloud revenue climbed 47% to $9.9 billion, while remaining performance obligations surged 363% to $638 billion. Separately, Tudor Investment Corp. initiated a position in ORCL in the second quarter, buying 1.3 million shares.

Off-balance-sheet obligations at nine tech companies including Microsoft, Amazon, Alphabet, Meta, Oracle, Nvidia, Broadcom, AMD and SpaceX are nearing $3 trillion, according to a Wall Street Journal analysis. The estimate is sharply higher than Nikkei’s July calculation of $1.65 trillion for five of those firms. The obligations largely reflect future spending commitments tied to data centers, chips and power that are not recorded as debt on balance sheets.

SK hynix’s board has approved a ₩40 trillion (about $28.69 billion) share buyback and said it will permanently cancel all shares repurchased once the program is completed. Based on the previous day’s closing price, the plan could cover about 24.07 million shares, or 3.3% of the company’s total shares outstanding. The buyback is set to run for three months, and the company’s market capitalization is about $1.14 trillion.

The Trump administration has returned more than $100 billion in IEEPA-related tariffs, about 60% of what was collected. Walmart received about $2.9 billion in refunds. Target took in $994 million and used it to lift margins, contributing $1.65 to earnings per share. Amazon and Home Depot received roughly $600 million and $730 million, respectively.

The U.S. Securities and Exchange Commission has proposed a crypto-asset framework that would set compliance-based fundraising routes for token projects. Under the proposal, issuers could raise up to $5 million over a single period lasting as long as four years, or use a larger exemption with Tier 1 capped at $20 million without an audit and Tier 2 capped at $75 million with an independent audit. Nonaccredited investors would be limited to investing 10% of annual income or net worth, while accredited investors would not face a rule-specific cap. The framework is designed to cover the full lifecycle from token issuance through a filing process that can end the token’s securities-related investment contract.

Cryptocurrencies saw a flash crash over the span of one hour. Bitcoin fell 2.5%, ether dropped 5%, Solana slid 11.5%, and XRP plunged 37%. Total derivatives liquidations across the market reached $525 million during the same period. Market analysis said the immediate trigger was an excessive buildup of leverage beforehand.

HDFC Mutual Fund said it will resume subscriptions in the HDFC Gold ETF Fund of Fund from August 14, allowing lumpsum purchases and switch-ins without restrictions. Axis Mutual Fund said it will withdraw temporary limits on its gold ETF and gold fund, and will accept large-investor subscriptions above Rs 25 crores in Axis Gold ETF from August 18, 2026. Axis also said unrestricted lumpsum subscriptions and switch-ins in Axis Gold Fund will be accepted from August 18, 2026. Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund have also moved to resume subscriptions in their gold-linked schemes.