U.S. copper futures reached a record $6.90/lb. The rally is driven by supply constraints, AI demand, and grid upgrades rather than broader economic growth.
Spot Bitcoin ETFs recorded $750M in inflows while crypto whales added $1.2B in BTC.
JPMorgan CEO Jamie Dimon warned that record-high public and hidden margin debt could trigger sudden market disruptions. However, he noted it is not yet a systemic threat.
A judge ordered Meta to pay $567 million over youth mental health harms in New Mexico.
Europe faces winter price spikes with gas storage at a 15-year low of 57%. Middle East conflicts have severely choked global LNG supplies.
SpaceX stock rose 6% as 900M+ shares unlocked Thursday, doubling public supply and testing investor demand.
Allianz Global Investors is purchasing UOB's asset management arm for $434 million to rapidly expand its wealth management footprint in the Asia-Pacific region. Key Takeaways: Regional Expansion: The acquisition pushes AllianzGI's regional assets past €170 billion, securing direct market access in Vietnam, Malaysia, and Thailand while reinforcing its presence in Singapore and Indonesia. Built-in Distribution: A core piece of the deal is a
Meta executives apologized to India's IT ministry for restricting PM Modi's post due to an operational error amid recent tensions.
Commerzbank posts a 94% Q2 net profit jump to €898M, beating expectations, amid a looming UniCredit takeover battle.
Iran and Oman progress on a Hormuz deal that could give Tehran inbound traffic control, though key details remain unresolved.
EIP-8361 proposes cutting Ethereum staking rewards from 2.6% to 1.2%, threatening to make leveraged DeFi yield loops on Aave unprofitable.
CVS blew past Q2 estimates with $106.1B revenue and raised full-year guidance, driven by Aetna's recovery, though shares fell over 8% premarket.
Michael Burry warned of a potential 1987-style crash, maintaining short positions on AI tech stocks like Nvidia despite the S&P 500 hitting record highs.
AMD's Q2 revenue jumped 50% to $11.54B, beating expectations as Data Center sales doubled. However, the stock slumped over 10% on high market expectations.
McDonald's posted Q2 adj. EPS of $3.38 (beating estimates) on $7.1B revenue. It named a new U.S. president to address lagging domestic traffic.
Snap reported Q2 revenue of $1.60B (+19%), topping estimates on World Cup ad spend and AI targeting tools, driving shares up 13%
Pfizer posts Q2 revenue of $15B and adj. EPS of $0.77, beating estimates. Strong non-COVID sales prompted a raised 2026 outlook.
Caterpillar reports record Q2 sales of $20.5B (up 24%) and EPS of $8.17. Strong orders drove this growth.
BP's Q2 net profit more than doubled to $5.73B, beating expectations and driving a 4% dividend hike as it plans to sell its Archaea unit.
As a UK standstill expires, Rio Tinto has no plans to restart $200B merger talks with Glencore, prioritizing cost cuts over a deal.
Palantir posted $1.9B in Q2 revenue (+93%) and $1.1B profit, as CEO Alex Karp warned that competing AI labs aim to capture enterprise IP.
Toyota raised its annual profit forecast by 13% to $21.6B due to a weak yen, despite a 9% Q1 profit drop and slumping sales in China.
U.S. President Donald Trump and Japanese Finance Minister Satsuki Katayama confirmed that the United States Treasury partnered with Japan in a rare joint currency intervention to curb extreme volatility and support the weakening yen. Trump framed the move as a signal of friendship that serves global financial stability.
Oil prices fell sharply, dropping over 5% as Brent crude dipped to $83.28 and WTI to $79.47 after U.S. President Donald Trump canceled a planned military strike on Iran. The administration cited agreement on the basic parameters of a deal aimed at preventing nuclear escalation and fully reopening the Strait of Hormuz, providing immediate relief to markets after geopolitical tensions