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FOMC Preview: Hold Expected But Oil Prices Lifting Rate-Hike Odds
The Federal Reserve is seen keeping rates at 3.50–3.75% on Wednesday, though firmer energy costs have nudged futures markets to price a growing chance of a hike.
WTI Rebounds Above $81 as Supply Fears Mount
West Texas Intermediate crude snapped a three-day losing streak, climbing back to $81 a barrel as mounting supply concerns supported prices.
Brent rebounds over 4% as Persian Gulf risks flare again
Brent crude oil surged more than 4%, reversing recent losses, after fresh attacks on U.S. forces and Saudi energy infrastructure dimmed hopes for de-escalation between Washington and Tehran.
Russia Charges Telegram Founder Pavel Durov with Aiding Terrorism
Russian authorities have charged Pavel Durov with aiding terrorism and placed him on an international wanted list, alleging Telegram failed to remove channels used by Ukrainian intelligence and extremist groups.
Russia Charges Telegram CEO Pavel Durov with Terrorism Facilitation
Russian authorities have charged Telegram founder Pavel Durov with facilitating terrorism and issued an international arrest warrant. Moscow alleges the platform failed to remove channels used by Ukraine to coordinate attacks.
Oil Prices Plunge as US Pauses Iran Campaign, UOB Reports
Crude oil benchmarks fell sharply after the US military campaign against Iran remained on hold, with WTI dropping to $79.26, UOB strategists noted.
Iran Rejects Oman’s Joint Strait of Hormuz Management Proposal
Tehran has turned down Oman’s proposal for regional management of the strategic Strait of Hormuz, through which nearly 20% of global energy supplies flow.
WTI Crude Jumps 3.2%, Eyes $92 on US-Iran Tensions
West Texas Intermediate futures surged over 3% to around $81, with forecasts pointing to a potential rally above $92 amid renewed US-Iran hostilities.
Over 1,100 AI Employees Urge US to Slow AI Development Pace
More than 1,100 employees from top AI labs signed a letter asking the US government to help decelerate AI progress for safety.
Australia CPI Inflation Slows to 3.8% in June, Below Forecasts
Australia's annual inflation rate fell to 3.8% in June, coming in below the expected 4% and down from 4% in May.
US Strikes Iran-Backed Groups in Iraq Over Saudi Oil Attack Plot
The US military conducted precision strikes in Iraq against Iran-backed militias planning attacks on American forces and Saudi oil infrastructure.
WTI Crude Rebounds from Two-Week Low on Iran Risk
WTI crude oil prices snapped a three-day losing streak on Wednesday, bouncing from a two-week low to trade around the mid-$81 level as geopolitical tensions involving Iran supported the market.
S&P 500 Sector Dispersion Hits Levels Not Seen Since 2000, 2001, and 2009
The S&P 500 has recorded 8 weeks in 2026 where the performance gap between its best and worst sectors exceeded 10%, a cluster of extreme dispersion seen only in the stress years 2000, 2001, and 2009 at this point in the year.
Households Feel Inflation More Acutely Than CPI Suggests
Consumers sense that everyday price increases outpace official CPI readings, especially on essentials like food and fuel.
Investors Pivot to Gold as Bond Market Struggles and Inflation Persists
With the bond market in a prolonged downturn and inflation remaining stubborn, many investors are shifting toward tangible assets such as gold.
BNY Strategists: Supercore Inflation Backs Tightening, July Move Still Likely
BNY’s John Velis and David Tam say elevated US supercore inflation supports further tightening, though they still expect a policy move in July.
Trump Administration Moves to End $3.6 Billion Medicare Drug Subsidy
The Trump administration plans to terminate a program that provides $3.6 billion in subsidies to insurers, helping to cap Medicare Part D premiums for 25 million enrollees.
Seagate Guidance Tops Estimates as Cloud Data Center Demand Booms
Seagate Technology forecasts Q1 revenue of $4.0–4.2 billion and adjusted EPS of $7.10–7.50, both well above consensus, citing robust cloud data center demand and durable long-term storage needs.
US Stocks Mixed at Close: Nasdaq Dips, Dow Surges Over 550 Points
The Dow Jones Industrial Average rallied more than 550 points while the Nasdaq Composite edged lower. The S&P 500 posted a modest gain.
Silver: Commerzbank Cuts Forecast but Still Eyes Recovery to $67
Commerzbank lowered its silver price forecast after the metal fell from $70 to $57.50/oz, but still expects a rebound to $67 by year-end, citing a supportive supply deficit.
Richest 1% of US Earners Now Own Over Half of Equity and Mutual Fund Assets
The top 1% hold 50.1% of US equities and mutual funds, up from 40.1% in 1990, while the bottom 50% owns just 1.1%.
Peru’s Silver Supply Faces Local Political Risk Amid Global Deficit
Silver markets may be overlooking a quiet election in Peru that threatens output from a top producer, adding to a global supply deficit that broader geopolitical noise cannot offset.
Trump Disputes Kyiv's Warning on Iran-Russia Satellite Cooperation
Former President Trump dismissed claims by Ukraine that Russia is sharing satellite imagery with Iran, calling any such help insignificant. He pledged to raise the issue with Putin as Senate Republicans advance a Russia sanctions bill.
Trump and Zelenskyy Discuss Weapons Production, Patriot Licenses in White House Meeting
President Trump and Ukrainian President Zelenskyy met at the White House ahead of Senator Graham's funeral. Discussions focused on Ukraine's weapons production, Patriot interceptor licenses, and reinvigorating diplomacy.