Market news
Crypto, stocks, forex and macro, aggregated for traders.
Occidental to Drop 3 Permian Rigs, Add 15 Wells in Q4; CFO Prioritizes Debt
Occidental Petroleum expects to reduce its Permian rig count by three and bring 15 additional wells online in the fourth quarter. The CFO indicated that share buybacks will take a back seat until preferred equity is redeemed, with a possible tilt toward further debt reduction in a supportive macro environment.
US Central Command Redirects 49 Vessels in Iran Blockade Enforcement
As of August 6, CENTCOM has redirected 49 commercial vessels, disabled two, and boarded two while enforcing the US blockade against Iran, with support from Marine Corps assets aboard the USS Boxer.
Trump Denies Hegseth Rumors, Touts Venezuela 'Attack' and Iran Pressure
President Trump defended Defense Secretary Pete Hegseth against what he called 'false rumors,' while touting recent offensive operations against Venezuela and Iran.
Tether Increases Gold Holdings to Record 146 Tonnes in Q2 2026
The stablecoin issuer purchased over 14 tonnes of gold last quarter, bringing its total to 146 tonnes worth ~$18.8 billion. Only four central banks bought more gold than Tether in the first half of 2026.
Standard Chartered Warns of China Consumption Risks Despite Stable Unemployment
Economists at Standard Chartered note that China's urban unemployment rate has held steady, but broader labor underutilization is driving concerns over consumer spending.
Generali beats Q2 profit forecasts, H1 earnings top estimates
Italian insurer Generali reported Q2 net income of €1.37 billion, exceeding the €1.21 billion consensus, while H1 operating profit rose to €4.51 billion.
EU's Kallas Urges Swift Implementation of UN Resolution 2803
EU foreign policy chief Kaja Kallas called on all parties to approve and implement the agreement without delay and to accelerate the implementation of all provisions of UNSCR 2803.
EU Welcomes Gaza Deal: Hamas Disarmament, Full Israeli Withdrawal
The European Union has welcomed an agreement for the permanent decommissioning of weapons from Hamas, a full Israeli military pullout, and a civilian transition in Gaza.
Dan Crenshaw Dismisses Price Woes as His Net Worth Grows 65% to $1.34M
Representative Dan Crenshaw told Americans struggling with inflation to "stop whining" and eat ramen, while his own net worth surged by an estimated 65% during his seven years in Congress to $1.34 million.
Hedge Funds Buy $4.8B of US Stocks, Second-Biggest Week Since 2008
Hedge funds purchased $4.8 billion of US equities last week, marking the second-largest weekly inflow since 2008, while institutions turned net sellers after four weeks of buying.
Gold Surges Toward $4,300 as Dollar and Yields Ease
Gold rallied over 4% on Wednesday, approaching $4,300 per ounce amid a softer U.S. dollar and declining Treasury yields.
Prediction Markets Gain Traction as Macro Data Screens
Traders are adding prediction market platforms to their regular toolkit alongside Treasuries and the dollar when reacting to major economic releases.
Yemeni Armed Forces Warn of Readiness to Face Escalation, Threaten Saudi Strikes
Yemen's military leadership declares full readiness to confront any escalation, urges the population to remain on alert, and threatens to strike Saudi mobilizations as part of a 'siege by siege' strategy until the blockade on Yemen is lifted.
Yemeni Armed Forces Warn Saudi Arabia Against Escalation
Yemen's armed forces issued a warning to Saudi Arabia, cautioning against any military action and advising Yemenis in Saudi camps to leave.
Copper Futures Maintain Bullish Elliott Wave Structure, More Upside Expected
Copper futures (HG) are trading within an incomplete bullish Elliott Wave sequence, pointing to further near-term upside from the 6.2820 low.
Modi and Netanyahu Discuss Middle East Tensions, Review Strategic Partnership
Indian PM Modi and Israeli PM Netanyahu held a phone call to discuss regional developments and the India-Israel strategic partnership amid escalating Middle East tensions.
Stocks Open Mixed: Nasdaq Slips, Dow and S&P 500 Rise
US equities opened mixed with the Nasdaq Composite losing 0.29%, while the Dow Jones and S&P 500 posted modest gains.
Iranian President Sparks Fury by Rejecting Protest Death Estimates, Calling Critics 'Traitors'
President Masoud Pezeshkian's dismissal of higher death tolls from January's protests and branding of those citing them as traitors has drawn widespread domestic backlash.
S&P 500 Call Option Volume Hits All-Time High as Risk Appetite Surges
Daily call option volume on the S&P 500 surged to a record 4 million contracts on Tuesday, more than doubling recent levels, while the put/call skew posted its largest two-day drop since 2017, signaling a massive shift toward bullish positioning.
Markets Cautious Ahead of US Jobs Data, Iran Talks
Global markets traded cautiously on Thursday, with S&P 500 futures edging up while Nasdaq 100 dipped. Oil held near $80 after Iran’s shipping route deal, but broader uncertainty kept safe-haven demand alive.
US Initial Jobless Claims Fall to 199k, Productivity Beats
Initial jobless claims fell to 199,000, below expectations, while continuing claims rose slightly. Productivity gained 1.4%, double the forecast, and unit labor costs rose less than feared, easing inflation concerns.
Iran and Oman to Announce Strait of Hormuz Transit Corridor Deal
A bilateral agreement between Iran and Oman declaring the Strait of Hormuz a transit corridor is expected today. The announcement, however, does not guarantee safe passage for vessels.
Gen X and Millennials Outstrip Boomers in Wealth Accumulation at Same Age
Generation X and Millennials have amassed more wealth than Baby Boomers had at equivalent life stages, driven by investment growth, homeownership, and retirement savings, though headwinds like inflation and student debt remain.
Brent Oil Consolidates Below $80, Bearish Technicals Linger
Brent oil trades sideways for a second day after Tuesday’s 6% plunge, staying under the $80 level with gains capped by the 200-day moving average and the daily Ichimoku cloud base.