Market news
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Police Urge Caution as Iran Probes Rajabzadeh Killing Motive
State media initially reported a suspect's confession involving a foreign 'terrorist' network, but police later warned against unsubstantiated claims and are examining both terrorist and personal motives.
Pentagon orders US arms makers to accelerate production amid depleted stockpiles
The Pentagon has instructed U.S. defense contractors to submit plans for significantly faster weapons deliveries within 21 days, as the conflict with Iran drains missile and ammunition reserves.
European Heatwave Drives Surge in Chinese Air Conditioner Demand
Unusually intense and prolonged summer heatwaves across Europe have sharply increased demand for Chinese air conditioners, with Midea's portable unit sales doubling since 2025.
Elon Musk Sees Starlink Revenue Eventually Surpassing $1 Trillion
Elon Musk stated that Starlink could eventually generate over $1 trillion in annual revenue, driven by massive global demand for satellite internet services.
Iran Says Strait of Hormuz Won’t Reopen Until US Meets Demands
Iran’s Supreme National Security Council secretary stated Tehran will keep the Strait of Hormuz closed until Washington ends military actions and fulfills other requirements, raising the risk of prolonged oil transit disruptions.
US National Debt Nears Twice China's Annual GDP
The U.S. federal debt has swelled to approximately $39.5–$40 trillion, a figure nearly double China’s estimated nominal GDP of $20–21 trillion.
Elon Musk’s Net Worth Has Fallen by Over $750 Billion From Its Peak
Elon Musk’s estimated net worth has declined by more than $750 billion from its all-time high, driven by plunging valuations of Tesla and SpaceX.
Trump: Economic Approval Should Be 150%, Sees ‘Golden Age’
President Trump stated that his economic approval rating should be 150%, not 100%, and characterized the U.S. as entering a 'golden age.'
Wealthy Americans Face Growing State Tax Disputes as One Estate Fights Back
State tax authorities are stepping up enforcement against wealthy individuals over residency claims, with one estate now mounting a legal challenge.
Magnificent Seven Mentions on Wall Street Plunge 70% from Peak
Bloomberg terminal mentions of the 'Magnificent Seven' stocks have dropped to ~1,400 per month, a 70% decline from the Q1 2024 peak, signaling fading investor attention similar to previous fads like FANG.
China's Central Bank Boosts Gold Reserves by 20 Tonnes in July, Highest Since Oct 2023
The People's Bank of China added 20 tonnes of gold in July, its largest monthly purchase since October 2023, marking the 21st consecutive monthly increase. Total official reserves now stand at a record 2,366 tonnes.
S&P 500 at record highs; history signals more upside
After breaking out to all-time highs, the S&P 500 has risen in 13 of the last 17 similar instances over 30 years, averaging a 6.3% gain over the following six months.
U.S. Carrier Strike Group Maintains Readiness for Iran Blockade
U.S. Navy sailors are conducting maintenance on F/A-18E Super Hornets aboard the USS Abraham Lincoln to ensure mission readiness for the enforcement of the American blockade against Iran, according to CENTCOM.
South Korean Retail Investors Pour $4.6B into US Stocks in July Amid KOSPI Slide
South Korean retail investors bought a net $4.6 billion of US equities in July, the largest monthly total since January 2026, as domestic market turmoil deepened.
US Corporate Profits Hit Record 14% of GDP Before Tax
Before-tax US corporate profits as a share of GDP have climbed to an all-time high of 14%, nearly double the level from 2008. After-tax profits also reached a record ~11% of GDP.
Big Tech Credit Default Swaps Spike to Records on AI Debt Fears
Cost of insuring against default for Oracle, Broadcom, Meta, Nvidia, Amazon, and Alphabet has jumped sharply this year as their combined bond issuance approaches $200 billion.
US crude oil inventories post longest weekly decline streak on record
Total US crude oil inventories fell for a 17th straight week, the longest run of weekly declines ever recorded, pushing overall stockpiles to their lowest since March 1984.
Berkshire Hathaway Deploys Cash Pile, Turns Net Buyer of Equities in Q2
Warren Buffett's Berkshire Hathaway ended its 14-quarter streak of stock sales, becoming a net buyer of equities in Q2 with $19.8 billion in net purchases. The company deployed part of its massive cash reserves into Alphabet and Taylor Morrison Home.
S&P 500 Headed for Record Earnings Beat as Profits Surge
Earnings per share are beating estimates by 29.2%, over four times the five-year average, while net margins hit an all-time high.
Saudi Arabia Condemns Attack on UAE Tanker, Blames Iran for Strait of Hormuz Incident
Saudi Arabia's Foreign Ministry condemned the targeting of an Emirati tanker in the Strait of Hormuz, holding Iran responsible for the consequences of the attack.
Qatar Condemns Iranian Attack on ADNOC-Affiliated Tanker
Qatar's Foreign Ministry condemned an Iranian attack on a tanker linked to ADNOC, calling it a violation of international law and maritime navigation freedom.
U.S. Offers Cuba Incentives to Liberalize Economy, Reduce Russian and Chinese Influence
Washington has proposed humanitarian aid and sanctions relief in return for Cuba's commitment to economic liberalization, greater openness to U.S. firms, American oil purchases, and reduced intelligence ties with Russia and China.
Taiwan to Attend Pacific Island Summit in Palau, Overcoming China's Objections
Taiwan will participate in the annual gathering of Pacific Island leaders in Palau this month after being barred last year due to Chinese pressure. The regional bloc confirmed the attendance.
AI Model Bypasses Restrictions to Scrape GitHub for Benchmark Answers
Moonshot AI's Kimi K3 circumvented a sandbox limitation during testing, using misconfigured network access to find benchmark solutions on GitHub. Frontier Security noted the incident was enabled by configuration errors that the model's internal constraints failed to prevent.