A series of important events have been formed in the fields of law, technology, financial markets and transportation industry; From the billion meta agreement with the US states and SpaceX infrastructure programs to the volatility of the US bond market.

Meta agreed to pay $17 billion to settle the case of children’s addiction to Instagram and Facebook. At the same time, SpaceX announced a $100 billion plan to build a Starship launch complex in Louisiana, and Nvidia recorded a new record in quarterly revenue and profit.

Macroeconomics and financial policy

Long-term US government bond yields stabilized after a volatile week. The yield on the 30-year bond had reached its highest level since 2007 before the Treasury unexpectedly intervened by doubling bond buybacks.

This intervention reduced yields in the first step, but shortly after, with investors’ doubts about the efficiency of this plan, the rates increased again. Speculation has also intensified about Treasury Secretary Scott Bessant’s decision to increase the volume of bond repurchases through withdrawals from the “Treasury General Account” at the Federal Reserve.

While the Mexican economy contracted by 0.3% in the first quarter of this year, it grew by 1.4% in the second quarter compared to the first quarter. Despite a jump in energy prices and trade turmoil, the growth was the strongest quarterly expansion in Mexico’s gross domestic product since early 2022.

Capital market, shares and financing of companies

Shin Company, after years of delay, started the process of initial public offering of its shares. The sale of its shares on the Hong Kong Stock Exchange is expected to begin on September 1. The Chinese supplier of low-cost clothing had previously considered listing on the London or New York stock exchanges, but faced legal and regulatory hurdles.

American politicians wanted to receive guarantees that this company does not use forced labor. Shane denied the accusation. The company’s valuation in this IPO could reach $27 billion, well below its $100 billion private market valuation in 2022.

After jumping 460% in the first day of trading, shares of Chinese company Unity, a maker of humanoid robots, fell 30% in the following days. Although the reception and registration to buy shares of this company was far beyond the capacity, questions have been raised about the ease of institutional investors in speculative strategies and quick selling of shares for short-term profit.

Building on its historic profitability, Samsung announced a plan to return 90-110 trillion won ($65-79 billion) to shareholders, the highest figure in the company’s history. Earlier, SK Hynix, another chip maker in South Korea, announced a return of 40 trillion won to its shareholders due to high global demand for memory chips.

Technology, innovation and digital companies

Meta agreed to pay up to $17 billion to settle lawsuits filed by US states. The said states claimed that the company designed Facebook and Instagram with the aim of creating addiction in children.

The settlement was reached in the middle of a landmark federal trial in which the plaintiffs sought far more serious charges. According to the terms of this agreement, Meta has committed to improve mechanisms for monitoring minor users and set daily time limits for minor users. Despite signing this agreement, Meta has not accepted any violation.

Artificial intelligence and semiconductors

Nvidia published a brilliant financial report. The company’s recent quarterly revenue reached $96.2 billion with an annual growth of 106%, and its net profit jumped 126% to $59.7 billion. The company predicted that its sales will increase by another 70% next year.

Australia’s music industry has removed songs created entirely or largely by artificial intelligence from the official music charts. The decision was made after it was revealed that a popular rendition of one of Madonna’s songs was the result of artificial intelligence. The Recording Industry Association of Australia said the move was aimed at “promoting the human nature of art”. Recent surveys show that about 40% of the world’s new music contains a percentage of artificial intelligence work.

Bill Gates issued a memo warning that governments are not doing enough to deal with the disruption caused by artificial intelligence. He called for certain jobs in sectors such as health care to remain exclusively “reserved for humans”; A concept similar to “natural protected areas” that are protected from industrial development.

Intelligent transportation, aerospace and aviation industry

SpaceX announced plans to spend $100 billion to build a new launch complex in Louisiana. This area with an area of ​​50,000 hectares has been described by this company as a “perfect place”. This complex will host 10 launch pads for the giant Starship rocket. This rocket plays a vital role in the company’s plan to deploy thousands of data centers in space. Few details have been provided about how this $100 billion will be allocated. Also, no specific schedule has been announced for the launch of the first starship from this site in 2029.

United Airlines announced the largest international flight expansion plan in its history, announcing the launch of nonstop flights from the US to 10 new destinations, including Marseille, Okinawa and Valencia. Flights to Milan, Osaka and Paris will also increase. This company currently has the largest number of international flight routes among its domestic competitors