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Oil rally extends as Strait of Hormuz reopen hopes fade
Brent crude rises for a fifth day to $90/barrel as markets doubt a U.S.-Iran deal will quickly reopen the key shipping lane.
Jamie Dimon: Gen Z Wrong to Give Up on American Dream
JPMorgan CEO Jamie Dimon argues that while Gen Z’s discouragement is understandable, abandoning the American Dream is a mistake, highlighting that most Americans have become wealthier even as the bottom 20% have been left behind.
U.S. Consumer Borrowing Rebounds in June, Stoking Worry
After a brief pullback in May fueled by tax refunds, U.S. consumers leaned on credit cards again in June. The pattern underscores a persistent and concerning debt buildup.
Surging Stock Market Encourages Older Americans to Retire Early
A booming stock market is giving some Baby Boomers and Gen Xers the financial confidence to leave the workforce, with labor participation among those 55 and older dropping to 36.9% in July.
European Natural Gas Prices Surge Above €60 as LNG Flows Stall
TTF benchmark jumps over 9% amid stalled LNG flows and fading US–Iran deal hopes, ING strategists note.
Europe Faces Patriot Interceptor Shortage as Winter Offensive Looms
Europe is running low on Patriot air defense interceptors as Ukraine requests hundreds ahead of Russia's expected winter offensive, while U.S. stocks are strained and new production delayed.
German Government Monitors Fuel Price Spikes Amid Low Water Levels
Germany's transport minister said the government is tracking fuel price increases caused by low river levels from severe summer heat, which have driven up costs in some regions.
Taiwan Plans Drone Swarm Strategy to Deter Chinese Invasion
Taiwan is rapidly expanding its drone capabilities, aiming to produce 100,000 units monthly by 2030, to create a deterrent against a potential invasion by China.
Oil Prices Extend Gains on Trump’s Iran Counter-Demands
Crude oil extends its rally following Trump's counter-demands to Iran, while gold trades above a two-month high. European markets keep a calm tone ahead of the US CPI release.
WTI Crude Surges to $83.50 as Hormuz Reopening Hopes Fade
West Texas Intermediate crude rallied for a second day, reaching $83.50, after expectations for a reopening of the Strait of Hormuz diminished.
Crude Oil Rally Stirs Inflation Fears as $90 Comes Into View
Crude oil extends a sharp bullish impulse, reigniting inflation worries and pressuring Asia-Pacific government bonds ahead of the upcoming U.S. CPI release.
Trump Secretly Moved to C-32A Jet in Turkey Over Iran Threat: Reports
Donald Trump was reportedly moved from an older Air Force One to a smaller U.S. military jet in Turkey via a catering truck, following an Iranian assassination threat. The move was concealed from journalists and some White House staff.
BNY Strategist Reiterates No Fed Rate Hikes This Year
John Velis of BNY Markets expects the Federal Reserve to keep rates on hold this year, citing a dovish repricing driven by data and inflation focus.
Deutsche Bank: Hormuz standoff pushes Brent above $85, stoking inflation risks
Deutsche Bank strategists note that Brent crude has broken above $85 and closed near $88 as the Strait of Hormuz remains shut, with escalating US-Iran tensions adding to inflation pressures.
Gold hits two-month high at $4,400/oz on safe-haven demand
Gold surged to $4,400 per ounce on Tuesday, its highest in two months, as safe-haven demand grew despite inflation risks and expectations of higher interest rates.
Oil Rallies on Iran Tensions, Yields Rise Ahead of CPI
Oil prices surged on escalating Iran tensions, while Treasury yields and rate-hike expectations picked up ahead of the CPI release. U.S. stocks ended mixed, with the Dow, S&P 500, and Nasdaq slightly lower but the Equal Weight S&P 500 and mega-cap tech stocks inched higher.
Bonds Sell Off as Inflation Fears Eclipse Jobs Data
Government bonds declined on Tuesday, with US yields rising across the curve as markets focused on inflation risks rather than the labor market. European rates saw bear flattening.
Oil prices edge higher amid renewed uncertainty
Oil prices rose on Tuesday as renewed uncertainty supported the commodity, while markets await the US NFIB Small Business Optimism Index for July.
EU27 Car Registrations Near 11 Million in 2025, Slightly Up
Eurostat's annual data shows EU27 passenger car registrations approached 11 million in 2025, a marginal increase compared to the previous year.
Arthur Hayes Says Treasury Will Weaken Dollar, Boosting Bitcoin
In a new essay, former BitMEX CEO Arthur Hayes argues the U.S. Treasury will intentionally weaken the dollar to support the yen, leading to a liquidity injection that could propel Bitcoin and crypto higher.
Trump’s Foreign Property Licensing Income Jumps 71% to $59.5 Million, Gulf Dominates
Donald Trump’s foreign property licensing revenue surged 71% to $59.5 million, with Gulf nations driving over 60% of the total, according to a CNBC analysis.
Asia-Pacific Shares Open Mixed as Oil, Yield Rises Curb Risk Appetite
Asian equities started the session on a mixed footing after a subdued Wall Street session, with climbing oil prices and bond yields weighing on sentiment amid geopolitical uncertainty. Japan's market holiday kept regional trading volumes thin.
WTI crude steadies near $81.50 amid stalled US-Iran talks
WTI oil prices hold around $81.40 in Asian trading after a 6.5% surge, as US-Iran peace negotiations stall.
US 30-Year Mortgage Rate Rises to 6.69%, Highest Since July
The average 30-year fixed mortgage rate in the US climbed to 6.69%, marking the fifth straight weekly gain and the highest level since July 2025.