Market news
Crypto, stocks, forex and macro, aggregated for traders.
Tim Plummer Takes Over as CEO of FunderPro and NextTrade
Tim Plummer, CEO of Deus X Markets, has become CEO of prop trading firm FunderPro and offshore CFDs broker NextTrade. Gary Mullen has left FunderPro to launch a marketing startup called StopChurn.
UN IMO pauses Strait of Hormuz evacuation after cargo ship attack
The UN's International Maritime Organization has halted plans to evacuate over 11,000 sailors stranded in the Strait of Hormuz following an attack on a Singapore-flagged cargo ship in the waterway.
OpenAI to Stagger GPT-5.6 Rollout After Trump Admin Request
OpenAI will stagger the release of GPT-5.6 following a request from the Trump administration. The initial rollout will be limited to 20 trusted partners via Amazon Bedrock as the U.S. seeks greater oversight of frontier AI models.
Canada's Carney Calls for Restoring Diplomatic Ties with Iran, Venezuela
Canadian Prime Minister Mark Carney stated that Canada should re-establish diplomatic representation in Iran and Venezuela, emphasizing that having embassies does not endorse their governments' policies.
Gold slides below $4,050 on Fed rate hike bets after US PCE data
Gold prices fell to around $4,020 during early Asian trading as stronger US PCE inflation data reinforced expectations of a Federal Reserve rate hike. Traders are now looking ahead to the Michigan Consumer Sentiment Index for further direction.
US M&A Deal Value Hits Record $1.89 Trillion, Tripling Since 2023
The total value of US M&A deals over the past four quarters reached $1.89 trillion, nearly tripling from Q2 2023 and surpassing previous peaks in 2021 and the dot-com bubble. Stock financing accounted for 49% of deal value, the highest since 2001.
Crude Oil Bounces on Hormuz Scare but Fails to Sustain Gains
WTI crude oil edged higher on Thursday following a geopolitical scare related to the Strait of Hormuz, but the rally lacked conviction and most gains were given back.
Taiwan Stock Trade Defaults Surge 300%, Exceed 2021 Record
Taiwan stock trade defaults hit $62 million in June, the highest monthly tally since 2019, as margin debt surges 160% annually to $19 billion, nearing dot-com bubble peaks.
OpenAI Considers Delaying IPO to 2027 Due to Market Volatility
OpenAI is reportedly leaning toward postponing its initial public offering until 2027, citing choppy markets and concerns over retail investor enthusiasm.
US Tells OpenAI to Limit GPT 5.6 Release While Government Reviews It
The US government has directed OpenAI to limit the release of its GPT 5.6 model while conducting a review, according to The Information. OpenAI CEO Sam Altman stated that this is not the company's preferred long-term model.
JPMorgan Board Wants Dimon to Stay CEO for Several More Years
JPMorgan's board is reportedly keen for Jamie Dimon to remain CEO for several more years, with a likely three-year extension before transitioning to executive chairman.
Wall Street Ends Flat as Tech Slips, Broader Market Gains
The S&P 500 closed unchanged as megacap tech stocks fell while broader equities advanced. Micron surged on a strong outlook, and oil rose on Strait of Hormuz security concerns.
Fed's Goolsbee: Inflation Still the Central Challenge
Chicago Fed President Austan Goolsbee said inflation remains the primary problem for policymakers, warning that price pressures are still moving in the wrong direction.
Bank of Canada Report Flags Cost-of-Living, Housing Concerns as Key Public Issues
A Bank of Canada report highlights widespread public concern over the cost of living and housing, with some participants expressing distrust in official inflation data.
DBS: Bank of Thailand to Keep Policy Rate at 1.00% Through 2026
DBS Group Research economist Chua Han Teng expects the Bank of Thailand to maintain its policy rate at 1.00% through 2026, following a second consecutive hold. The steady stance supports fragile economic growth.
Gold Rebounds as US Dollar Rally Stalls Despite High Core PCE
Gold (XAU/USD) recovers nearly 1% on Thursday as the US Dollar retreats, even after core PCE inflation data supports a 'higher-for-longer' Fed stance.
Iran Attacks Singapore-Flagged Cargo Ship in Strait of Hormuz
U.S. officials report that Iran attacked a Singapore-flagged cargo ship near the coast of Oman after warning vessels not to use the Strait of Hormuz without Iranian approval.
Agency: Attacked Vessel Not Under UN Evacuation Framework; Hormuz Evacuation Suspended
An agency stated that the attacked vessel was not operating under the UN evacuation framework, and the Hormuz evacuation program remains suspended pending security clarity.
US and Uzbekistan Agree to Deepen Trade and Investment Ties
The United States and Uzbekistan have committed to reciprocal tariff reductions on industrial and agricultural goods and agreed to accelerate talks toward a bilateral trade and investment agreement.
WTI Crude Oil Rebounds Above $71.50 Amid Short Covering
West Texas Intermediate crude oil rose more than 2% on Thursday, trading near $71.50, as short covering lifted prices after a three-day losing streak. Traders are monitoring fresh developments in the Strait of Hormuz.
Gold Holds Above $4,000 After Hitting New Lows, Silver Stabilizes Under $60
Gold prices steadied just above $4,000 after breaking to new lows yesterday, while silver paused under $60. Two potential catalysts that could have lifted metals from those lows failed to materialize.
Silver Squeeze Unwinds but Sixth Annual Shortage Persists
The speculative squeeze on silver that built up in late 2025 has eased, but underlying supply deficits continue for the sixth straight year, complicating the bearish outlook.
UK Police Halt Two AI Models for Child Crime Risk Over Low Accuracy
Avon and Somerset Police and Bristol City Council have stopped using two AI tools for assessing child crime risk after audits revealed low accuracy and a lack of transparency, including missing source code.
Central Bankers Plan to Keep Accumulating Gold at Record Pace
Central bank gold reserves have risen by an average of 1,000 tonnes per year over the last four years, doubling the previous decade's average pace. The trend is expected to continue.