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Trump Threatens to Bomb Iranian Power Plants and Bridges
President Trump warned that the U.S. will bomb Iranian power plants and bridges next week unless Iran agrees to negotiate.
Trump Offers Iran Negotiation Option, Threatens Escalation
Former President Trump stated he will not strike Iran if Tehran agrees to negotiate, but he plans to conduct airstrikes tomorrow night and target Iran's power plants, bridges, and energy sites in the coming days.
IBM plunges 25% in worst single-day drop since 1968, erasing $100B in market cap
IBM shares fell 25% on Wednesday, their steepest daily decline since 1968, erasing over $100 billion in market value. The drop comes just 42 days after the stock hit an all-time high.
US CPI Cools More Than Expected, Inflation Story Incomplete
Consumer Price Index came in cooler than expected, driven by falling oil prices, but the full inflation picture remains complex.
Indian Silver Import Duty Sparks Shortage, Premiums Surge
An increase in India's import duty on precious metals has caused a physical silver shortage, pushing local premiums to six-month highs.
U.S. Stocks, Bonds Rally on Soft CPI; Crude Oil Gains
U.S. equities and Treasuries rose after June CPI came in softer than expected, reducing bets on a near-term Fed rate hike. Crude oil climbed but stayed below $80 a barrel after Trump abandoned plans for a Strait of Hormuz shipping fee.
LNG Canada Secures C$1B Investment for Phase 2 Expansion Storage Tank
LNG Canada has signed an agreement with MNT Investments LP for up to C$1 billion to fund a majority stake in a special purpose entity that will purchase a storage tank for the proposed Phase 2 expansion. A final investment decision on the expansion is targeted by the end of 2026.
US Treasury Sanctions Hong Kong Shipping Firm Tied to Iran
The U.S. Treasury has sanctioned Hong Kong-based Sai Wan Shipping Limited along with other entities and vessels linked to Iran, while also authorizing certain transactions for wind-down purposes.
Silver Miner Forced Production Cut Due to China Safety Crackdown
A silver miner reports a forced production cut due to a mine-safety crackdown in China, not price factors, marking the first such disclosure this cycle.
Record $110B Foreign Outflow from South Korean Stocks
Foreign investors have sold a record $110 billion in South Korean equities year-to-date, more than double the previous full-year record. June alone saw $31 billion in outflows, the largest monthly figure on record.
Fed Chair Warsh Testifies as June CPI Posts Steepest Monthly Drop Since April
Federal Reserve Chair Warsh faced mandatory congressional testimony on Tuesday, as data showed June's CPI fell 0.4% month-on-month — the sharpest decline since April.
Iran: Mine Clearance in Northern Hormuz Strait, Old Route Still Mined
Iran's Deputy Foreign Minister Gharibabadi announced that IRGC naval forces have conducted mine clearance in the northern Strait of Hormuz under an agreement, but the old route remains mined.
US Pushing Iraq-Syria Oil Pipeline to Bypass Strait of Hormuz
The US is advancing talks to build an oil pipeline from Iraq to Syria's coast, aiming to bypass the strategic Strait of Hormuz and reduce Iran's influence over global energy supplies.
Gold Surges as US Inflation Below Estimates, Dollar Weakens
Gold price surged about 1.50% on Tuesday after US consumer inflation data came in below estimates, easing pressure on the Federal Reserve to tighten further. XAU/USD trades at $4,050.
UOB Raises Singapore 2026 GDP Forecast to 4.8% on AI-Led Manufacturing
UOB economist Jester Koh lifted Singapore’s 2026 GDP growth forecast to 4.8% from 4.0%, citing strong first-half performance and AI-driven gains in manufacturing and electronics.
Fed's Goolsbee: June CPI 'Surprisingly Benign', Cautions on Single Month
Chicago Fed President Austan Goolsbee called the June CPI inflation data 'surprisingly benign' but warned against overreacting to one month's report.
Digital Economy Valued at Over $20 Trillion, US Business Formation Hits Record
The digital economy now accounts for ~18% of global GDP, with US business formation reaching a record 3.1 million applications in H1 2026, up 17% year-over-year.
ECB Selects Deutsche Bank, Revolut, Stripe, 33 Others for Digital Euro Pilot
The European Central Bank has chosen 35 companies including Deutsche Bank, Revolut, and Stripe to participate in a closed pilot of the digital euro. Testing is scheduled to begin in the second half of 2027 and last for 12 months.
IBM Stock Plunges 26% in Biggest Daily Drop Since 1968
IBM shares suffered a record 26% decline, erasing $70 billion in market capitalization in a single day—the largest daily drop for the stock since 1968.
US CPI Falls 0.4% in June, Largest Drop Since 2020
June CPI dropped 0.4% month-over-month, the steepest decline since April 2020, bringing the annual rate down to 3.5%. Core CPI was flat on the month and slowed to 2.6% year-over-year.
Dow Jones Flat Despite June CPI Undershooting Forecasts
The June Consumer Price Index fell more than expected, but the Dow Jones Industrial Average failed to rally, sitting out the disinflation move.
Trump: Strait of Hormuz Open to All Ships Except Iran; Full Blockade on Iranian Ports
President Trump announced that the Strait of Hormuz remains open to all shipping except vessels heading to or from Iran, and said the US will impose a full blockade on Iranian ports.
DeepSeek Prepares for IPO, Eyes $71B Valuation
DeepSeek is reportedly in talks with advisors for an IPO in China and is seeking a $71 billion valuation in a fresh funding round, while expanding into agentic AI.
Quantinuum and Rolls-Royce Launch Quantum Computing Project for Gas Turbine Design
Quantinuum and Rolls-Royce have started a multi-year collaboration to explore the use of quantum computers in gas turbine design, alongside Riverlane and the EPCC supercomputing center.