Market news archive — page 13

Markets eye China’s June activity data and Q2 GDP release, with peripheral attention on PPI and crude oil inventories as Asia’s economic calendar unfolds.

June CPI falls 0.4% on the month, pushing annual inflation to 3.5% as reported by Nasdaq and CNBC

Reports say the United States renewed strikes on Iran amid renewed hostilities and attacks on vessels near the Strait of Hormuz, with officials indicating the ceasefire is over.

Yum Brands' shares fell after reports that U.S. health authorities are investigating Taco Bell over a cyclosporiasis outbreak, with officials seeking the outbreak’s source as the menu adjustments drew attention.

Lucid Group’s stock fell sharply following reports the EV maker was weighing options that could include bankruptcy or going private, a claim the company publicly denied.

JPMorgan reportedly cut earnings expectations for Circle and Coinbase amid rising competition from Hyperliquid and its deal with Circle related to USDC economics

A sharp fall in IBM shares amid comments on hardware demand shook markets, but Goldman Sachs helped cushion the Dow as other stocks moved broadly on midday sessions.

President says Washington will pursue numerous agreements with Iraq, including oil-related ventures, while describing U.S. involvement as protective and inviting regional investment.

A U.S. trade official said Nvidia's H200 AI chips have begun shipping to China, though volumes remain very limited, with indications that shipments may be restarting after prior pauses.

Boeing delivered 314 aircraft in the first half, the most in the period since 2018, according to reports from CNBC and Investing.com.

Bitcoin climbs to about $64,000 after the latest U.S. inflation report shows a six-year-best monthly slowdown, with market observers weighing geopolitical risks and broader market implications.

June CPI data show a larger-than-anticipated drop in consumer prices month-over-month, with energy declines contributing to a softer annual pace that CNBC notes at 3.5% year over year, versus expectations of 3.8%

Frontier Airlines plans to offer in-flight Wi‑Fi powered by SpaceX's Starlink, with a potential rollout beginning as early as next year and a full service debut in 2027, according to multiple outlets.

June CPI data show slower inflation, with headline consumer prices falling and core inflation easing, challenging expectations for continued Fed tightening

Warren Buffett reportedly stopped directing his annual Berkshire stock gifts to the Gates Foundation after revelations related to Jeffrey Epstein surfaced, with Buffett also excluding the Foundation from his charitable stock transfers.

Premarket trading showed a split session as some large-cap names moved higher while others edged lower, with several notable gains and declines among banks, tech and semiconductor names.

The European Central Bank is launching a beta digital euro pilot with 36 providers, including Deutsche Bank and Revolut, after receiving over 50 applications for testing ahead of a broader 2027 rollout.

Thomson Reuters plans a joint venture with KKR, selling a majority stake in its Global Print business for $500 million.

IBM shares fell sharply after reports that second-quarter earnings and revenue would come in below expectations amid weakness in software and infrastructure as customers redirected spending toward hardware.

Bank of America reported a higher second-quarter net income driven in part by strength in trading activities, with earnings per share rising from the prior year quarter.

A slate of Wall Street banks will host Q2 2026 earnings conferences on Tuesday, with market watchers looking for indications of trading and lending performance.

Markets and energy watchers reassess supply risk as plans for a 20% toll on Strait of Hormuz cargo emerge, triggering discussions on alternative routes and global oil-supply implications

U.S. authorities transferred seized bitcoin and ether to Coinbase Prime, with funds routed through fresh wallets prior to deposits, prompting questions about a pledged no-sell reserve and the timing of any potential disposition.

A group of 12 state attorneys general, led by California's Rob Bonta, filed suit to block the $110 billion merger between Warner Bros. Discovery and Paramount Skydance, with Milbank serving as counsel for the states.

June trade figures show exports and imports both rising sharply, underscoring strength in external demand and ongoing AI-related investment effects.

Bitcoin and other major cryptos fell as traders increased bets on a July Federal Reserve rate increase in anticipation of Tuesday’s inflation figures, underscoring sensitivity to monetary-policy signals.

Australian NAB business confidence rebounds from March slump, while New Zealand’s QSBO also improves but with rising cost pressures complicating the RBNZ outlook, according to Action Forex and ForexLive

Escalating U.S.-Iran tensions in the Strait of Hormuz saw claims of strikes on oil tankers, with oil prices surging and regional markets reacting to the renewed risk environment

June surveys show Australian business confidence firming from May, while NZIER data indicate a turn higher in New Zealand business sentiment, even as global tensions and higher fuel costs weigh on firms

A coalition of 12 states, led by California, filed an antitrust lawsuit to halt Paramount Skydance’s proposed takeover of Warner Bros. Discovery in a deal valued at about $110 billion.

Markets faced mixed moves as Middle East tensions rose, lifting oil and corn while muting stock futures amid attention to earnings and inflation data

Markets react to reports that President Trump intends to reinstate a naval blockade of the Strait of Hormuz, sending oil prices higher amid renewed tensions and market fears

U.S. strategic oil reserves have declined to the weakest level since 1983 amid reported equipment failures and leaks, as political tensions surface over securing energy routes

A slate of U.S. equities and funds traded with notable activity around their 200-day moving averages, signaling mixed momentum across retailers, industrials and thematic ETFs, according to Nasdaq reports.

Two key releases in Asia—the NZ business survey and China trade data—frame Tuesday’s economic calendar, alongside U.S. CPI and ADP numbers that shape global market expectations

As the Clarity Act advances, Democrats intensify efforts to include ethics provisions addressing President Trump’s crypto holdings and potential conflicts of interest.

Morgan Stanley says the Magnificent Seven's valuation premium over the S&P 500 has shrunk to around 10% from more than 30%, the narrowest in over a decade, as AI-spending concerns drive underperformance.

BitMine reports a large Ethereum purchase tied to early demand for Robinhood Chain, with Tom Lee noting rapid growth and the ETH holdings rising to a sizable share of the supply.

President Trump called on the Senate to pass the crypto-focused CLARITY Act "in honor of" the late Senator Lindsey Graham, as Graham's death narrowed the Republican majority and Democrats pressed for ethics provisions.

Federal Reserve official Waller signals inflation has broadened beyond traditional drivers, keeping the door open to potential rate hikes amid divided views among policymakers

Regulators have completed a review of SpaceX's Starship program, clearing the way for the company's next test flight from Texas as early as this week.

Multiple states are preparing to file a lawsuit aimed at blocking Paramount Skydance’s planned acquisition of Warner Bros. Discovery, according to reports, signaling heightened regulatory scrutiny of the merger.

Trump reinstates a blockade on Iran-related shipping through the Strait of Hormuz, imposes a 20% toll, while asserting the strait remains open, as markets recalibrate to the renewed restrictions

Strategy, led by Michael Saylor, extended its pause on Bitcoin purchases, instead bolstering cash reserves to $3 billion after raising funds through common stock offerings

Reports indicate President Trump said the United States should control the Strait of Hormuz and be compensated for it, a stance that commentators say could signal a shift in rhetoric around the strategic waterway and its impact on oil markets.

JPMorgan upgrades American Express to overweight from neutral, citing potential upside despite elevated valuations and ongoing geopolitical headwinds for the sector.

European markets move on oil gains tied to renewed US-Iran tensions, with airlines and oil stocks reacting as mediators pursue talks amid renewed warnings

FTSE 100 movement was mixed amid rising Middle East tensions and an oil-price uptick, with Page Group advancing on stronger earnings.

Analysts note that a Fed rate hike could trigger near-term stock weakness, but longer-run history suggests equities may recover and potentially benefit from policy signals

Taiwan Semiconductor Manufacturing reports a record quarter driven by AI demand, with June net revenue rising 67% to $13.2 billion ahead of an upcoming earnings release.