Market news
Crypto, stocks, forex and macro, aggregated for traders.
UAE Condemns Iranian Missile Attack on ADNOC Vessel in Hormuz Strait
The United Arab Emirates strongly condemned an Iranian missile strike on an ADNOC commercial vessel transiting the Strait of Hormuz, calling it a violation of international law and a threat to energy security.
Iran Sets Conditions for Reopening Strait of Hormuz
IRGC spokesperson says the strategic waterway will only reopen if the US fully accepts Iran's conditions, separate from Tehran-Oman negotiations.
Chinese Investors Pour Into Gold ETFs for 14th Straight Day
Inflows into gold-backed exchange-traded funds by Chinese investors have continued for 14 consecutive trading sessions, marking the longest streak in four months.
Typhoon Dolphin Triggers Flight Cancellations in Shanghai
Airlines are offering free changes and cancellations as Typhoon Dolphin approaches Shanghai, expected to bring torrential rain and disrupt travel in the region.
SK hynix to Invest $38.3 Billion in New AI Memory Chip Plants
South Korean chipmaker SK hynix announced a 54.3 trillion won investment to construct fabrication plants for AI memory chips, responding to surging demand.
ADNOC Warns Attacks Disrupting Operations Around Strait of Hormuz
Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as it tries to maintain flows of crude, gas and refined products through the strategic waterway.
America's Largest Mortgage Lender Posts $451.9M Loss, Shares Plunge 35% to All-Time Low
The largest U.S. mortgage lender reported a $451.9 million second-quarter loss, sending its stock down 35% to an all-time low. The 30-year mortgage rate climbed to 6.69%, its highest in more than a year.
Wealthy Americans Push Back Against Aggressive State Tax Pursuits
As states intensify efforts to collect taxes from the wealthy, some are fighting back through the courts. One estate's legal battle is drawing attention.
China Credit Demand Expected to Stay Weak in July
DBS Group Research forecasts soft new yuan loans and moderate M2 growth, with corporate and household lending likely to slow.
Oman-Iran Talks Near Hormuz Shipping Deal, US Official Says
A US official says negotiations between Oman and Iran are advancing and a deal that would restore commercial shipping in the Strait of Hormuz could be signed soon, Reuters and ABC News report.
US Stocks Rally: Dow, Nasdaq, S&P 500 End Higher
Wall Street closed firmly in the green, with the Nasdaq leading gains and both the S&P 500 and Dow Jones also advancing.
US Yields Slide on Weak NFP and Geopolitical De-escalation Hopes
Treasury yields dropped as soft Nonfarm Payrolls data and expectations of an Oman-Iran deal reduced Fed tightening risks and eased energy prices.
US Information Sector Layoffs Spike to 2.3% in June, Nearing Pandemic-Era Records
The layoff rate in the U.S. information sector climbed 0.7 percentage points to 2.3% in June, the third-highest since the 2020 pandemic, with 63,000 workers discharged. The six-month moving average hit a near-record 2.0%, exceeding peaks from the 2008 and 2001 recessions.
U.S. Army Awards $400M Anti-Drone Laser Contract to AeroVironment
The U.S. Army will invest $400 million in AeroVironment’s advanced anti-drone laser technology, underscoring rising demand for cost-effective counter-UAV systems.
Canada, U.S. in Daily Negotiations to Halt Additional Tariffs Ahead of August 19
Canada and the U.S. are in intensive discussions to avoid new tariffs set for August 19, with Ottawa offering concessions on alcohol, dairy, and autos while seeking relief from Section 232 duties.
White House Confirms Trump Reviewing Removal of Fed Governor Cook
The White House says President Trump is considering whether to remove Federal Reserve Governor Lisa Cook, a move that could intensify scrutiny over the Fed’s independence.
U.S. Treasury Sanctions Crypto Exchanges Accused of Aiding Iran's IRGC
The U.S. Treasury Department has imposed sanctions on cryptocurrency exchanges allegedly supporting Iran’s Islamic Revolutionary Guard Corps and engaging in illicit finance, signaling a broader push against digital-asset sanctions evasion.
S&P 500 Earnings Surge 50.4%, Double Forecasts
With 88% of companies reporting, S&P 500 Q1 earnings have grown 50.4% year-over-year, more than doubling the already high 23.1% estimate.
Indonesia Q2 GDP Growth Beats Forecasts, Standard Chartered Lifts 2026 Outlook
Indonesia's economy expanded 5.3% year-on-year in Q2, surpassing consensus despite a slowdown from the previous quarter, prompting Standard Chartered to raise its 2026 GDP forecast.
U.S. Existing Home Sales Forecast to Drop 2.2% in July
Economists expect U.S. existing home sales to decline by 2.2% in July, reflecting ongoing strain in the housing market as mortgage rates edge higher.
Wall Street Climbs as Soft Jobs Data Soothes Fed Rate Hike Worries
U.S. stocks rallied after a weaker-than-expected jobs report diminished fears of near-term Federal Reserve rate hikes. Treasury yields and the dollar fell as the soft labor data boosted risk appetite.
US Productivity Accelerates in Q2 2026, Beating Forecasts
US labor productivity rose at a 1.4% annualized rate in the second quarter, more than double the expected 0.6% increase, extending a five-quarter streak of gains.
NY Fed Survey Shows Modest Ease in Short-Term Inflation Expectations
Households' one-year inflation expectations dipped to 3.6% in June, while medium- and longer-term views held steady, the New York Fed's Consumer Expectations Survey showed.
Commerzbank Lifts Natural Gas Outlook on LNG Supply Squeeze
Commerzbank has raised its price forecasts for natural gas and German power, pointing to tighter European storage, growing reliance on LNG, and limits on Qatari exports.