Market news
Crypto, stocks, forex and macro, aggregated for traders.
Silver Developer Raises $300M for Future Ounces, Signal Supply Crunch
A silver developer that won't produce until 2031 raised over $300 million, drawing investment from Fresnillo, the world's largest primary silver producer, due to acute scarcity of dedicated silver supply.
US Officials Criticize Venezuela Opposition Leader Machado Over Post-Earthquake Return
Senior Trump officials sharply criticized Venezuelan opposition leader María Corina Machado for attempting to return to Venezuela after a recent earthquake, calling it political opportunism. Her requests to administer aid and lobby Secretary Rubio were rejected, and attempts to enter via Curaçao and Panama failed.
Warsh Says Inflation Risks Have Eased, Bolsters Confidence in 2% Target
Fed Governor Kevin Warsh said inflation risks have eased in recent weeks, strengthening confidence in a return to the 2% target. Short-term Treasury yields fell, while stocks were mixed and gold rose alongside the dollar.
Warsh Boosts Inflation Confidence; Markets Eye NFP
Fed Governor Kevin Warsh said inflation risks have eased, bolstering confidence in the 2% target. Short-term Treasury yields fell, stocks were mixed, and gold rose with the dollar as traders wait for Thursday's nonfarm payrolls report.
Gold Rises as Fed Chair Wars Sees Less Hawkish Than Expected
Gold advanced after traders interpreted Fed Chair Kevin Wars’ remarks as less hawkish than anticipated, with easing inflation risks supporting bullion. Markets now await Thursday’s U.S. payrolls report for further rate guidance.
US Oil Production Hits Record 21.84M Barrels Per Day in April
Total U.S. production of crude oil and petroleum products rose 254,000 bpd in April to a record 21.84 million bpd. Crude oil alone hit a record 13.93 million bpd.
Crude Oil Falls on Oversupply Fears as Iran Talks Progress
WTI and Brent crude prices dropped amid growing oversupply concerns, progress in US-Iran talks, and recovery of shipping through the Strait of Hormuz.
Micron to Invest $250 Million in Children’s Trump Accounts, Launching July 4
Micron will invest $250 million into new tax-advantaged children’s accounts through employee matching and direct contributions, benefiting up to 1 million children. President Trump called it the largest corporate investment of its kind.
Armstrong: US needs spending cap, hard currency; crypto, AI can help
Coinbase CEO Brian Armstrong stated that the United States lacks a cap on government spending and a hard asset-backed currency. He suggested that growth driven by AI, robotics, and crypto could help outpace debt and inflation.
Mexico criticizes US steel/aluminum tariffs and auto rules of origin
Mexico expressed disagreement with several US trade policies, including steel and aluminum tariffs, the exclusion of regional auto parts from tariff calculations, and agricultural seasonality rules, while calling auto rules of origin among the world's most complex.
Republican Party Favored to Win US Senate in 2026 Midterms
The Republican Party is now projected to win control of the US Senate in the 2026 midterm elections, as Democratic odds have slipped to 42%.
Gold Rises Nearly 2% on Mixed US Data and Fed Hawkish Remarks
Gold (XAU/USD) climbed almost 2% on Wednesday despite a strong US dollar and elevated Treasury yields, as mixed US economic data and hawkish comments from Fed Governor Kevin Warsh buoyed demand for the safe-haven metal.
Volkswagen to Sell Audi's Bayern Munich Stake, Review Porsche's VfB Stuttgart Stake in Austerity Drive
Volkswagen is examining the sale of Audi's 8.33% stake in FC Bayern München and reviewing Porsche's stake in VfB Stuttgart as part of a major austerity program. The moves come ahead of a supervisory board vote on July 9 on a plan to slash 100,000 jobs.
Dassault CEO: Eurodrone Vulnerable in High-Threat Conflicts; France Seen Dropping Purchase
Dassault Aviation CEO Éric Trappier said the Eurodrone is suited for surveillance in permissive environments but vulnerable in high-threat conflicts, and he understands France no longer plans to buy the drone.
Canada’s LeBlanc: USMCA Talks Continue, Focus on Trade and Investment Frameworks
Canadian Minister LeBlanc stated that USMCA discussions are ongoing, with an emphasis on maintaining and improving trade and investment frameworks between Canada, the United States, and Mexico.
Kevin Warsh Expresses Discomfort with Inflation Rate at ECB Conference
Former Fed governor Kevin Warsh voiced ongoing concerns over inflation during the ECB's central banker conference, alongside Christine Lagarde and others.
U.S. Official Says USMCA Failed to Cut Trade Deficit, Trump Altered Deal
A senior U.S. official stated that the USMCA trade agreement failed to reduce the U.S. trade deficit or provide market access in Canada and Mexico, adding that Trump has already modified the deal through new tariff policies.
Strait of Hormuz Crude Oil Traffic Rises to 10M Barrels/Day
Commercial shipping through the Strait of Hormuz has surged to 10 million barrels of crude oil per day, though volumes remain about 50% below pre-war levels. Uncertainty persists over the future after the 60-day memorandum expires.
Trump Calls for Firing of Senate Parliamentarian
President Donald Trump urged Senate Republicans to immediately fire the Senate parliamentarian, appointed under Harry Reid and Barack Obama, alleging years of unfair rulings against Republicans.
WTI Extends Losses as Hormuz Flows Recover, OPEC+ Supply Outlook Weighs
West Texas Intermediate crude oil remains under pressure as improving flows through the Strait of Hormuz bring prices back to pre-US-Iran war levels, outweighing the latest US inventory data.
Trump Announces Micron's $250M Investment in Trump Accounts
Former President Donald Trump announced that Micron Technology will invest $250 million in Trump Accounts, a savings program aimed at providing financial security for American children and families.
India Q1 2026 GDP Nowcast Dips to 7.8% YoY, DBS Says
DBS Senior Economist Radhika Rao notes that India's real GDP grew 7.8% year-on-year in the first quarter of 2026, slightly below the previous quarter's revised 8.0% expansion, indicating a slower pace of growth.
Brent Oil Falls, Signals Bearish Continuation Below $73 Support
Brent crude weakened on Wednesday, approaching a close below the key Fibonacci support level at $73.04, marking a potential bearish continuation after repeated failures to hold above that level.
US Entry-Level Job Market at Weakest in 37 Years
The U.S. entry-level job market has hit its lowest point in 37 years, reflecting a sharp slowdown in hiring for new graduates and early-career workers as companies remain cautious.