Market news
Crypto, stocks, forex and macro, aggregated for traders.
Semiconductor Weakness No Longer Dragging Down the Broader Market
The S&P 500 has been remarkably resilient during sharp selloffs in the semiconductor index this year, with software stocks even posting gains on such days.
Fed’s Musalem Sees No Threat to Dollar’s Reserve Currency Status
Federal Reserve official Musalem stated there are no conditions that would unseat the U.S. dollar as the key reserve currency, citing America’s economic growth, innovation, and rule of law.
St. Louis Fed’s Musalem: Inflation Too High, Rate Hikes Critical
St. Louis Fed President Alberto Musalem stated that inflation remains too high and stressed the critical need for monetary policy to focus on reducing price pressures, backing further interest rate increases.
Fed's Musalem Wants Monthly Inflation Below 0.2%, Flags El Niño Risk
Federal Reserve official Musalem indicated he needs to see monthly inflation readings under 0.2% and cautioned that the El Niño weather pattern could become a fresh supply shock.
Fed's Musalem Favored Rate Hike at Recent FOMC Meeting, Cites Inflation Risks
St. Louis Fed President Alberto Musalem said he preferred raising interest rates at the last FOMC meeting, arguing there is a higher chance inflation will persist above target and that gradual hikes are less costly than abrupt changes.
Fed’s Musalem: Inflation Too High, Risks Tilted Higher
Federal Reserve official Musalem warns that inflation remains elevated and the balance of risks leans toward further price pressures, stressing the need for monetary policy to apply meaningful restraint.
Goldman Sachs BDC Reports Q2 EPS $0.21, NAV $12.06
Goldman Sachs BDC posted second-quarter earnings of $0.21 per share, with net investment income of $0.37 per share and total investment income of $83.7 million.
Indonesia Q2 GDP grows 5.3% y/y, topping forecast but details mixed
Indonesia’s economy expanded 5.3% year-on-year in the second quarter, surpassing Societe Generale’s 5.1% estimate, though the growth composition raised concerns.
White House Imposes 15% Duty on Polysilicon Derivatives with Import Price Floors
The Trump administration announced a 15% ad valorem tariff on polysilicon derivatives, alongside minimum import prices of $21/kg for polysilicon and $100/kg for ingots and wafers.
US AI Investment Hits $1.5 Trillion Annualized Rate, Fueling GDP Growth
Private business investment into AI-related categories surged 25% year-over-year to a record $1.5 trillion annualized rate in Q2 2026, accounting for up to a third of recent US GDP growth.
Saudi Arabia continues de-escalation push with Iran, sees mediation progress
Saudi Arabia is pressing ahead with diplomatic efforts to lower regional tensions and remains in contact with all sides, including Iran, according to an official, who noted that mediation is moving in the right direction.
Saudi Arabia Vows to Respond to Any Aggression, Reaffirms U.S. Cooperation
A Saudi official said the kingdom will take all necessary measures in response to aggression, while noting that Saudi-U.S. cooperation remains very high and strong at all levels, including operationally with U.S. Central Command.
Saudi Arabia Warns of Coordinated Drone and Missile Attack Threat
A Saudi official reports the movement of drones and missiles, signaling a possible coordinated attack from the north and south that could target civilian and economic sites, including energy infrastructure.
Saudi Official: Iraq Militias, Houthis Plan Imminent Attacks Under Iran’s Guidance
A Saudi official has warned that multiple intelligence reports point to impending strikes on the kingdom by Iran-aligned Iraqi militias and Houthi forces, even as Riyadh reports progress in de-escalation talks.
Airbnb Lifts Outlook, Lyft Beats Bookings; Western Digital, Peloton Weaken Ahead of Jobs Data
Airbnb raised its full-year revenue forecast on strong travel demand, while Lyft reported better-than-expected bookings. Western Digital and Peloton disappointed with guidance, as investors awaited the US employment report for Fed policy signals.
Iran Threatens Hormuz Strait, Energy Prices Jump, Hawkish Fed Fears Grow
Reports of Iran potentially restricting U.S. and Israeli-linked vessels from the Strait of Hormuz, alongside naval strikes, have pushed energy prices higher and reignited concerns that the Fed may keep rates elevated.
World’s Largest Silver Producer Reports 11.4% Output Drop
The world's largest primary silver producer saw its half-year output fall 11.4%, with about one-third of the lost ounces still being mined by other parties.
US Data Center Construction Spending Hits All-Time High
Spending on data center construction surged 46% year-over-year in June to an annualized $68 billion, surpassing office construction by a record $25 billion.
Iran’s Parliament Speaker Accuses US of ‘Theater Diplomacy’
Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed U.S. diplomatic tactics as a failing cycle of threats, broken promises, and fake news, urging Washington to fulfill its commitments instead of staging more ‘theater’.
Japan FSA Caps Trading Platform Stock Volume at 10%, Plans Rule Review
Japan's Financial Services Agency has imposed a 10% limit on the share of total Japanese stock trading value a single platform can handle, and will form an external expert study group this fiscal year to consider raising the cap.
U.S. Considers Delaying Polysilicon Tariffs, Weighing 90-120 Day Implementation Period
The U.S. is reportedly evaluating a delay in collecting planned tariffs on polysilicon, with discussions centered on an enforcement window of 90 to 120 days.
WTI Rebounds Above $76 as Iran-Oman Strait of Hormuz Deal Details Dent Flows Optimism
West Texas Intermediate crude rebounded to around $76.50 a barrel on Thursday after details of the Iran-Oman agreement on the Strait of Hormuz reduced optimism over unimpeded oil flows.
Hormuz Ship Ban Lifts Crude, U.S. Yields, and Fed Hike Bets
A new Oman-Iran deal banning U.S. and Israeli vessels from the Persian Gulf pushed crude oil prices higher, triggering a rise in U.S. Treasury yields and fueling expectations for further Federal Reserve rate increases.
Global Gold ETF Flows Turn Positive in July After Two-Month Outflow Streak
Gold-backed ETFs saw net inflows globally in July, reversing two months of outflows, with every region reporting positive demand as investors bought the dip.