Walmart suffers its worst day in four years as slower sales growth and cautious guidance raise fresh questions about the strength of the US consumer.

Michelle Martin examines why Scott Bessent’s efforts to tame long-term Treasury yields have yet to stick, and how the enormous borrowing needed to fund the AI boom could be adding pressure to global bond markets.

Plus, what does Broadcom’s reported US$60 billion financing plan tell us about the next phase of AI investment?

And in UP or DOWN: Alibaba’s profits plunge as AI spending surges, Ping An benefits from China’s stock-market rally, CNMC Goldmine heads for the SGX Mainboard, ComfortDelGro turns to BYD to expand its private-hire fleet, and Genting slips into the red despite higher revenue.