Stock Market Feed

EY: FED LIKELY TO STAY ON HOLD THROUGH YEAR-END EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, even after Friday's jobs report. Wall Street expects July payrolls to rise 83K, but EY says the labor market remains stable and is unlikely to shift

GHALIBAF: 'THEATER DIPLOMACY' WON'T WORK Iranian Parliament Speaker Ghalibaf criticized U.S. tactics, saying: “Massive attack coming… wait, never mind, they want to negotiate.” That’s theater diplomacy on loop. He added: “Using bullying + broken promises + fake news as

JAPAN TO WEIGH CHANGES TO PROPRIETARY TRADING CAP AS VOLUME SOARS - NIKKEI

*US CONSIDERS DELAYING COLLECTION OF PLANNED POLYSILICON TARIFFS

TRUMP TO SPEAK WITH SAUDI CROWN PRINCE ON IRAN President Trump is expected to hold a phone call with Saudi Crown Prince Mohammed bin Salman to discuss Iran, according to U.S. officials. Saudi Arabia has played a key role in efforts to de-escalate Gulf tensions and was among the

CFRA RAISES S&P 500 TARGET TO 8,050 CFRA lifted its 2026 S&P 500 year-end target to 8,050 from 7,400, implying about 4% upside from current levels. The firm also sees the index reaching 8,650 in 2027, citing strong earnings, resilient consumers, easing oil prices, AI

U.S. PENDING HOME SALES HIT 5-MONTH LOW U.S. pending home sales fell to a five-month low as elevated mortgage rates kept buyers on the sidelines. Pending sales dropped 3.7% W/W and 1.9% Y/Y to 311,150, the lowest level in over five months. The average 30-year mortgage rate

GOOGLE WARNS OF HACKING CAMPAIGN TARGETING WALL STREET Google says ransomware hackers have targeted dozens of major U.S. financial firms using phone-based social engineering to steal employee credentials. Hackers created fake IT helpdesk websites targeting firms including

HACKERS RECENTLY TARGETED BLACKSTONE, MOODY'S, CME AMONG MORE THAN TWO DOZEN U.S. FINANCIAL INSTITUTIONS, COMPANIES: DATA, REUTERS ANALYSIS

TRUMP REAFFIRMS SUPPORT FOR HEGSETH President Trump dismissed reports questioning Defense Secretary Pete Hegseth, calling them "completely false" and reaffirming his full confidence. He praised Hegseth's leadership, citing stronger military recruitment, the removal of DEI

WARREN QUESTIONS PCE INFLATION METHODOLOGY CHANGES Sen. Elizabeth Warren is seeking details on upcoming changes to the Fed's preferred PCE inflation measure. 🔸 New methodology starts with August data (released in September) 🔸 Changes could reduce reported inflation by about

IRANIAN DRAFT BILL ENVISAGES FINES OF UP TO 20% OF CARGO VALUE FOR VIOLATIONS OF PROPOSED HORMUZ TRANSIT RESTRICTIONS -FARS

IRANIAN LAWMAKER SAYS PARLIAMENT COMMITTEE REVIEWING PRELIMINARY BILL TO BAN U.S., ISRAELI AND OTHER 'HOSTILE' VESSELS FROM STRAIT OF HORMUZ -FARS NEWS AGENCY

$NVDA - NVIDIA CONSIDERS LESS HIGH-BANDWIDTH MEMORY FOR RUBIN ULTRA GPU - THE INFORMATION NVIDIA IS WEIGHING A RADICAL STEP TO DEAL WITH A SHORTAGE OF ADVANCED HIGH-BANDWIDTH MEMORY CHIPS - THE INFORMATION

FITCH SEES OIL PRICE RISKS TILTED LOWER Fitch kept its 2026 Brent forecast at $87/bbl but says risks are now skewed to the downside. • Expects the oil market to return to oversupply from September • Forecasts Brent at $70/bbl by Q4 2026 • Says June Hormuz shipments added

IRAN, OMAN EYE NEW HORMUZ TRANSIT PLAN A source says Iran and Oman are discussing a new Strait of Hormuz transit framework. • Ships would initially enter via the northern lane (Iran) and exit via the southern lane (Oman) • Later, all traffic would shift to a central corridor

*OIL JUMPS TO INTRADAY HIGH, BRENT TRADES ABOVE $82/BBL

SPOT GOLD REVERSES COURSE, LAST DOWN 0.3% AT $4,233.83/OZ

U.S. 30-YR FIXED RATE MORTGAGE AVERAGES 6.69 PCT IN AUG 6 WEEK, HIGHEST SINCE JULY 31, 2025 WEEK, VS 6.66 PCT PRIOR WEEK-FREDDIE MAC

IRAN WEIGHS TOUGHER HORMUZ TRANSIT RULES Iran's parliament is reviewing a draft bill that would tighten transit rules through the Strait of Hormuz and the Persian Gulf. Key proposals include: • Ban vessels linked to the U.S., Israel, and other hostile states • Block military

*ALPHABET DRAWS ABOUT $115 BILLION OF DEMAND FOR JUMBO BOND SALE

UAE SOVEREIGN WEALTH FUND MUBADALA INVESTMENT IN DISCUSSIONS TO INVEST IN ONE OF JAPAN'S BIGGEST DATA CENTERS - NIKKEI

MUSK: MY VERY APPROXIMATE GUESS IS THAT TERAFAB AI COMPUTE OUTPUT WOULD BE ABOUT 25% FOR TESLA OPTIMUS AND ABOUT 75% FOR AI SPACECRAFT

CARNEY, ASKED ABOUT TRUMP'S COMMENTS THAT CANADIANS ARE NASTY, SAYS OTTAWA IS STANDING UP FOR CANADIAN BUSINESSES

US SENATOR RAND PAUL SAYS HE WILL REFER ANTHONY FAUCI TO DOJ FOLLOWING CONTEMPT VOTE -CNN

U.S. MILITARY: AWARE OF NORTH KOREA MISSILE LAUNCH AND ARE CONSULTING WITH ALLIES

$SPCX - SPACEX SHARES REVERSE COURSE, LAST UP 5.1%

DEEPSEEK RESUMES FUNDRAISING, SEEKING $8B AT $74B VALUATION

US JUN WHOLESALE INVENTORIES +0.2%; EXPECTED +0.3%

TRUMP SAID TO CALL WARSH IN LATEST SIGNAL OF PUSH TO REMAKE FED Bloomberg reports President Trump has held periodic phone calls with Fed Chair Kevin Warsh since May, discussing the economy and Warsh's outlook without directing policy. The conversations come amid Trump's broader

TOM LEE SEES S&P 500 HITTING 8,000 IN AUGUST Fundstrat's Tom Lee expects the S&P 500 to reach 7,900–8,000 this month, implying up to 3.6% upside from Wednesday's close. Lee cites strong technical momentum, accelerating earnings, and broadening market strength. He remains

🚨Political Trade Alert🚨 Rep. Lisa McClain has released a new financial disclosure. Highlights: Saronic Technologies $50k - $100k

🚨Political Trade Alert🚨 Rep. Julie Johnson has released a new financial disclosure. Highlights: $ADBE Adobe $1k - $15k $BA Boeing $1k - $15k $CMS CMS Energy $1k - $15k $FISV Fiserv $1k - $15k $NOW ServiceNow $1k - $15k All bought and sold on same day??

$OKLO - OKLO HITS KEY NUCLEAR MILESTONE Oklo's small modular reactor reached criticality, marking a major milestone where a self-sustaining nuclear chain reaction is achieved. The milestone supports U.S. efforts to accelerate next-generation nuclear technology, though no SMRs

🚨Political Trade Alert🚨 Rep. Lloyd Doggett has released a new financial disclosure. Highlights: $KO Coca Cola $1k - $15k

YARDENI: FED SHOULD TURN MORE HAWKISH Yardeni Research says the Fed should adopt a more hawkish stance, arguing inflation risks now outweigh growth concerns. The firm points to strong consumer spending (+3.3%), business investment (+8.4%), and AI-driven capex as evidence the

FOMO DRIVES RECORD S&P 500 CALL BUYING Investors are piling into S&P 500 call options, with more than 4 million contracts traded Tuesday—a record—as bullish sentiment accelerates. Analysts say strong earnings, improving market breadth, and fading macro concerns are fueling a

*US PRELIM 2Q LABOR PRODUCTIVITY RISES 1.4% Q/Q; EST. +0.6%

US JOBLESS CLAIMS +1K TO 199K IN AUG-1 WK; SURVEY 204K US JUL-25 WEEK CONTINUING CLAIMS +24K TO 1,801,000 US JUL-25 WEEK JOBLESS CLAIMS REVISED TO 198K

*ALPHABET SEEKS TO RAISE AS MUCH AS $25 BILLION FROM BOND SALE

*OMAN, IRAN TO ISSUE HORMUZ TRANSIT CORRIDOR STATEMENT SOON

*ALPHABET KICKS OFF 10-PART US DOLLAR INVESTMENT-GRADE BOND SALE

MUFG: DOLLAR STILL UNDERVALUED MUFG says the U.S. dollar remains undervalued against 8 of the 9 other G10 currencies, suggesting extra risk premium is still priced in. The bank cites expectations for a Middle East ceasefire, U.S.-Japan yen intervention, and concerns over Fed

INVESCO: FED ISN'T BEHIND THE CURVE Invesco argues the Fed is not behind the curve, saying current rates are still restrictive or neutral. The firm estimates the neutral rate at 3.5%–4.0%, close to the current 3.50%–3.75% policy range. It also notes inflation isn't

$SPCX - SPACEX FACES MASSIVE SHARE UNLOCK Up to 911.5M SpaceX shares unlock today—more than 140% of the current public float—raising the risk of near-term volatility. The stock fell 12% after earnings despite beating on revenue and posting an unexpected AI profit. More

WARSH OPEN TO SEPTEMBER RATE HIKE FT reports Fed Governor Kevin Warsh would be prepared to raise rates in September if upcoming inflation data comes in hot and markets increase expectations for higher borrowing costs, according to people familiar with his thinking.

BOFA SEES URANIUM RALLY CONTINUING 🔸BofA raised its 2027 uranium price forecast to $130/lb, implying ~52% upside from current spot prices. 🔸Bullish view is driven by tight supply, lower utility contract coverage (48% vs. 56% last year), and growing nuclear investment. 🔸U.S.

🇺🇸 PRESIDENT’S THURSDAY SCHEDULE 🔸 8:00 AM — Executive Time 🔸 9:00 AM — In-Town Pool Call 🔸 10:00 AM — Policy Meeting 🔸 11:00 AM — Intelligence Briefing 🔸 3:00 PM — Signing Time 🔸 4:00 PM — Pre-Taped Interview 🔸 5:30 PM — Policy Meeting 🔸 6:15 PM — Tele-Rally 🔸 7:00 PM

SITUATIONAL AWARENESS' $400M COMEBACK Days after nearing collapse, Leopold Aschenbrenner’s Situational Awareness fund made a $400M investment in a private company. The deal follows a $100M investment last month, signaling a rapid recovery after margin calls shook the firm.

🚨Insider Trade Alert🚨! Insider Satpathy Aurobind has purchased 11,538 shares in $IR Ingersoll Rand Inc. worth $1,000,090.76 $IR current value: $90.00 Market: NYSE

META AI MODEL ACCESSED INTERNET, HACKED A COMPANY: INFORMATION

Trump: Iran cannot have a nuclear weapon

*TRUMP: WE LOVE ELON

Trump: I'd rather make a deal with Iran

🚨Insider Trade Alert🚨! Insider Tyagarajan N. V. has purchased 500 shares in $JBL JABIL INC worth $149,814.95 $JBL current value: $338.56 Market: NYSE

🚨Insider Trade Alert🚨! Insider Buckley Mortimer J has purchased 37,632 shares in $PFE PFIZER INC worth $960,368.64 $PFE current value: $25.80 Market: NYSE

TRUMP ADMINISTRATION PLANS TO IMPOSE TARIFF OF 15% ON POLYSILICON DERIVATIVES -SOURCES

HORMUZ DEAL COULD GIVE IRAN MORE CONTROL A proposed Oman-mediated deal would give Iran greater control over ships entering the Strait of Hormuz, marking a major concession if approved, Reuters reported. While Iranian officials say talks have made significant progress, regional

IRAN'S PRESIDENT SAYS INTERACTION WITH COUNTRY'S SUPREME LEADER IS 'VERY DIFFICULT' CURRENTLY

OPENAI DRIVES MOST OF MICROSOFT'S AI REVENUE Microsoft disclosed it generated $24.1 billion in AI revenue from OpenAI in the year ended June, suggesting the ChatGPT maker accounts for more than half—and possibly around 70%—of its AI business. The figures highlight Microsoft's

YEMEN'S HOUTHIS SAY THEY TARGETED SAUDI OIL VESSEL IN GULF OF ADEN; NO SAUDI CONFIRMATION

IRAN: THERE'S NO DECISION YET ON THE SECOND STAGE OF US TALKS

IRAN'S DEPUTY FOREIGN MINISTER SAYS NO TALKS WITH U.S. HAVE BEEN HELD IN RECENT DAYS

IRAN'S DEPUTY FOREIGN MINISTER SAYS U.S. RETURNING TO ITS COMMITMENTS IN ISLAMABAD MOU IS A CONDITION, BUT NOT ENOUGH FOR THE REOPENING OF HORMUZ - IRNA

IRAN'S DEPUTY FOREIGN MINISTER SAYS POTENTIAL TRANSIT ROUTE NEGOTIATED BY IRAN AND OMAN COULD BE VIABLE FOR 2 TO 4 MONTHS - IRNA

*ALPHABET SHARES EXTEND DECLINE TO MORE THAN 5%

MAJOR HEDGE FUNDS TARGETED IN WAVE OF ATTEMPTED CYBERATTACKS Major hedge funds including Citadel, Point72 and Two Sigma were targeted in a wave of sophisticated cyberattacks using AI-powered voice phishing (vishing) to trick employees into granting system access. Two Sigma said

BOFA: S&P 500 HITS 2026 TARGET Bank of America said the S&P 500 has reached its 2026 target of 7,741, but technical indicators suggest the rally could extend toward 8,000, 8,234 and potentially 8,541. The bank sees 7,500 as key support but warns that weak August-October

YELLEN: INFLATION REMAINS THE KEY CHALLENGE Former Treasury Secretary and Fed Chair Janet Yellen said the US labor market is functioning well and no longer appears hot enough to fuel inflation. She added she is surprised the Middle East conflict and higher oil prices have had

KASHKARI CALLS FOR IMMEDIATE RATE HIKES Minneapolis Fed President Neel Kashkari said the Fed should begin raising interest rates now to bring inflation under control. Kashkari, one of three officials who dissented from last week's decision to hold rates steady, backed a 25bp

BRAZIL'S LULA: TRUMP ADMINISTRATION'S MOVE ON BRAZILIAN AMBASSADOR VISA 'IRRESPONSIBLE'

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS IRAN-OMAN AGREEMENT "IN ITSELF" DOES NOT MEAN THE STRAIT IS SECURE

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS JOINT ANNOUNCEMENT BY OMAN AND IRAN IN FINAL STAGE IF 'CERTAIN THIRD PARTIES' DO NOT INTERFERE

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS GEOGRAPHIC CHARACTERISTICS OF THE ROUTE IN STRAIT OF HORMUZ AGREED BY IRAN AND OMAN

RUSSIA HIT THREE CARGO VESSELS IN BLACK SEA REGION - RUSSIAN DEFENCE MINISTRY

BOFA CEO BACKS THREE FED RATE HIKES Bank of America CEO Brian Moynihan reiterated the bank's forecast for three Fed rate hikes in September, October and December, saying the labor market remains strong while inflation still needs to ease. He also noted that spending patterns

$NVDA - NVIDIA SHARES HIT HIGHEST IN OVER TWO MONTHS, LAST UP 4.3%

SPOT GOLD EXTENDS GAINS, RISES NEARLY 4% TO $4,238.29/OZ

The United States has removed counterterrorism sanctions from two aircraft and three airlines with links to Iran's Islamic Revolutionary Guard Corps, according to details posted to the U.S. Treasury Department's website on Wednesday.

U.S. REMOVES IRAN-RELATED SANCTIONS -TREASURY WEBSITE

BURRY WARNS OF 1987-STYLE RISK "Big Short" investor Michael Burry warned markets could be nearing a major top, saying a 1987-style crash remains possible. However, he noted that the S&P 500's recent record highs are likely to attract fresh investor money, potentially extending

*US JULY ISM SERVICES PMI RISES TO 54.1 FROM 54; EST. 54.5

*US S&P JULY SERVICES PMI AT 54.6 VS 51.2 PRIOR *US S&P JULY COMPOSITE PMI AT 54.5 VS 51.9 PRIOR

STRAIT OF HORMUZ DRAFT DEAL AWAITS FINAL APPROVAL Regional officials told AP that Iranian and Omani negotiators have finalized a draft agreement on the Strait of Hormuz, pending approval from Iran's Supreme Leader. The proposed deal is a temporary measure to ease US-Iran

GOLDMAN STICKS TO PAYROLL FORECAST Goldman Sachs maintained its 75,000 July nonfarm payroll forecast despite a weaker-than-expected ADP report showing just 44,000 private-sector jobs were added. The bank said ADP has had a weak correlation with official payroll data in recent

$AAPL - APPLE RAMPS UP FOR NEXT IPHONE Bank of America reiterated its Buy rating and $380 price target after Apple's purchase commitments surged 28% to $57 billion, signaling an iPhone production ramp and component stockpiling ahead of the next launch. Apple also warned of chip

US-IRAN DEAL ODDS REMAIN UNCERTAIN A senior Gulf official told CNN there is a 50:50 chance the US and Iran reach a deal by Friday, despite President Trump suggesting an agreement is close. Trump said talks were progressing well but warned the US would strike Iran "really hard"

🚨Political Trade Alert🚨 Senator Shelley Moore Capito has released a new financial disclosure. Highlights: Sold: $MSFT Microsoft $15k - $50k $AAPL $1k - $15k $INTC Intel $1k - $15k $CSCO Cisco Systems $1k - $15k $KO Coca Cola $1k - $15k

TRUMP SIGNALS IRAN PROGRESS, WARNS OF STRIKES President Trump said US officials are holding "very good" talks with Iran and suggested a Strait of Hormuz agreement could come as early as today. However, he warned the US would hit Iran "really hard" if Tehran backs away from a

ISRAEL MILITARY SAYS IT BEGUN CONDUCTING STRIKES IN SOUTHERN LEBANON IN RESPONSE TO A 'BLATANT VIOLATION' OF CEASEFIRE BY HEZBOLLAH

ANTHROPIC BUILDS CUSTOM AI CHIPS FOR CLAUDE Anthropic has confirmed it is building an in-house chip team to design custom AI processors for Claude, aiming to boost speed, efficiency and scalability. The company will co-design hardware and AI models while continuing to rely on

$SPCX - SPACEX PLANS MOON FACTORIES POWERED BY HUMANOID ROBOTS

ISRAELI MILITARY ISSUES EVACUATION WARNING TO VILLAGE IN SOUTHERN LEBANON - STATEMENT

US TREASURY HOLDS DEBT ISSUANCE STEADY The US Treasury will keep coupon, floating-rate note and TIPS auction sizes unchanged for at least the next several quarters. It announced a $125 billion quarterly refunding, raising $28.7 billion in new cash, while maintaining bill

SPOT SILVER EXTENDS GAINS, RISES NEARLY 5% TO $62.53/OZ

$GOOGL - GOOGLE IS IN TALKS FOR A $1.5 BILLION-PLUS DEAL WITH AI CODING AGENT STARTUP MECHANIZE - BUSINESS INSIDER

*ADP US JULY PRIVATE EMPLOYMENT RISES 44,000; EST. +65K

AI DRIVES MARKETS TO NEW HIGHS S&P 500 futures rose 0.4% on Wednesday, putting the index on track for a second straight record close as strong earnings reinforced confidence in AI spending. Investors shrugged off mixed corporate results, focusing instead on continued investment

KASHKARI: SAYS HE BELIEVES NOW IS THE TIME TO START SLOWLY MOVING INTEREST RATES UP

FED'S KASHKARI: MY GOAL IS NOT TO SLOW ECONOMY, MY GOAL IS TO BRING DOWN INFLATION - CNBC

SPOT GOLD EXTENDS GAINS, LAST UP NEARLY 3% AT $4,196.29/OZ

$MSTR - STRATEGY JOINS INVEST AMERICA BUSINESS PLEDGE, CONTRIBUTING TO TRUMP ACCOUNTS TO SUPPORT THE FINANCIAL FUTURES OF EMPLOYEES’ CHILDREN STRATEGY: TO CONTRIBUTE $250 EACH YEAR TO TRUMP ACCOUNT FOR EVERY ELIGIBLE CHILD UNDER 18 OF ITS U.S. EMPLOYEES

*IRAN FM ARAGHCHI TO VISIT PAKISTAN FRIDAY

🇺🇸 TRUMP SCHEDULE | AUG. 5 🔸 11:00 AM ET — Executive Time 🔸 2:00 PM ET — Travel Pool Call Time 🔸 4:30 PM ET — Remarks at Red Rock Casino Resort & Spa, Las Vegas 🔸 TBD — Departs Las Vegas for Washington, D.C. 🔸 TBD — Arrives at the White House 🔸 9:30 PM ET — In-Town Pool

$META - META'S ZUCKERBERG APOLOGISES TO INDIAN GOVT OVER CHILD SEXUAL ABUSE MATERIAL, OPERATION ERRORS OF META PLATFORMS - TV

U.S. MORTGAGE DEMAND WEAKENS AS RATES HIT ONE-YEAR HIGH U.S. mortgage applications fell 2.9% in the week ended July 31, according to the MBA. The purchase index declined 3.6%, while the refinance index fell 1.9%. The average 30-year mortgage rate rose 5 bps to 6.81%, its

$LLY - ELI LILLY RAISES FY OUTLOOK AFTER STRONG Q2 BEAT Results 🔸 Adj. EPS: $8.38 vs. $6.01 est. ✅ 🔸 Revenue: $22.97B vs. $20.73B est. ✅ 🔸 EPS: $7.94 🔸 Mounjaro Revenue: $9.94B (+91% YoY) 🔸 Zepbound Revenue: $4.93B vs. $4.64B est. ✅ (+44% U.S. YoY) Guidance 🔸 FY

$SPCX - SPACEX MOBILE PUSH HITS U.S. TELECOM STOCKS U.S. wireless stocks fell after SpaceX said it plans to build a full mobile network, aiming to compete with Verizon, AT&T and T-Mobile. Using spectrum acquired from EchoStar, SpaceX plans to combine Starlink's satellite

TRUMP CLAIMS RECORD POLL NUMBERS Trump says his “real” poll numbers are the highest they’ve ever been, rejecting media polls as “fake.” He credits tax cuts, jobs, border security, foreign investment, Venezuela, and Iran for his support. He urges Americans to “Vote Republican

TRUMP ADMINISTRATION TELLS AI COMPANIES IT WILL NOT SAFETY-TEST OPEN WEIGHT AI MODELS - SOURCES FAMILIAR WITH DISCUSSIONS

Defense Secretary Hegseth's Pick for Army Chief Losing Republican Support, Sources Say Gen. Christopher LaNeve Faces Objections From Iowa Sen. Ernst, Others, Sources Say

WHITE HOUSE IS EXCLUDING OPEN MODELS FROM ITS TO TEST ADVANCED CAPABILITIES - AXIOS

🚨Insider Trade Alert🚨! Insider MAROONE MICHAEL E has purchased 25,000 shares in $CVNA CARVANA CO. worth $1,544,981.37 $CVNA current value: $68.03 Market: NYSE

$NVDA - SPACEX CEO ELON MUSK SAYS CO EXPECTS TO RECEIVE A "SIGNIFICANT PERCENTAGE" OF NVIDIA GPUS NEXT YEAR

SPACEX PRESIDENT SHOTWELL SAYS WON MORE THAN $6 BILLION IN U.S. GOVERNMENT CONTRACTS IN Q2

🚨Insider Trade Alert🚨! Insider Hawaux Andre J has purchased 3,150 shares in $TSCO TRACTOR SUPPLY CO /DE/ worth $100,264.50 $TSCO current value: $33.12 Market: NASDAQ

$NVDA - SPACEX IS EXCLUSIVE TO NVIDIA, MUSK SAYS

Musk: Grok to Become Best Engineer

MUSK EXPECTS FIRST 'STARMIND" AI SATELLITES TO BEGIN LAUNCHING TO SPACE NEXT YEAR

$NVDA - SPACEX CEO ELON MUSK SAYS GOING FORWARD, WE'VE DECIDED TO BUILD EXCLUSIVELY ON NVIDIA

TRUMP HAILS MANUFACTURING, EXPORT STRENGTH President Trump said U.S. manufacturing is "booming," citing the fastest factory activity in over four years and seven straight months of new order growth. He also highlighted goods exports above $200B for a fifth consecutive month,

U.S. MISSILE STOCKPILES NEAR CRITICAL LEVELS The U.S. has used nearly 80% of its THAAD interceptors and roughly 50% of its Patriot missiles since the Iran war began, according to sources. Senior military commanders have warned Pentagon stockpiles are "dangerously low," raising

Musk: Starship Goal Is to Deliver More Than 1M Tons to Orbit a Year, Maybe 10M

SpaceX CEO Elon Musk: 'Another Milestone Year for SpaceX So Far'

🚨Insider Trade Alert🚨! President and COO Peterson Stacy has purchased 15,000 shares in $JMKE Jersey Mike's Subs Inc. worth $345,000.00 $JMKE current value: $23.29 Market: NYSE

BED BATH & BEYOND $BBBY TO TRADE AS NXH ON NASDAQ FROM AUGUST 17 The company also says it will eliminate non-performing assets and consolidate resources for cost savings. The company reclaimed the BBBY ticker on the NYSE in August 2025 after renaming itself from Beyond, Inc.

MOSAIC $MOS Q2 REVENUE MISSES BY $321M, ADJUSTED EPS BEATS • Revenue: $2.80B vs $3.121B est, miss • Adjusted EPS: $0.13 vs $0.11 est, beat FY capex guidance: $1.20B.

$AMD - AMD BEATS, STRONG Q3 OUTLOOK DRIVEN BY DATA CENTER Results 🔸 Adj. EPS: $1.66 vs. $1.62 est. 🔸 Revenue: $11.54B vs. $11.28B est. 🔸 Data Center Revenue: $6.7B Guidance 🔸 Q3 Revenue: ~$13.0B ± $300M vs. $12.52B est. 🔸 Q3 Non-GAAP Gross Margin: ~56% 🔸 Data Center:

🚨Insider Trade Alert🚨! Insider Mahoney Christopher has purchased 6,500 shares in $BG Bunge Global SA worth $689,050.00 $BG current value: $106.67 Market: NYSE

$SPCX - SPACEX POSTS BIG REVENUE BEAT, AI LOSSES NARROW Results 🔸Adj. EPS: -$0.09 vs. -$0.29 est. 🔸Revenue: $7.8B vs. $6.82B est. (+92% YoY) 🔸Adj. EBITDA: $3.5B vs. $2.0B est. 🔸AI Operating Loss: -$1.26B vs. -$2.39B est. 🔸Cash & Investments: $100B 🔸Backlog: $47.5B

AMD $AMD Q2 REVENUE UP 50% TO $11.54B, DATA CENTER MORE THAN DOUBLES • Revenue: $11.54B vs $11.28B est, +50%, beat • Adjusted EPS: $1.66 vs $1.62 est, beat • Data center revenue: $6.72B vs $6.48B est, more than doubled, beat Q3 guidance: revenue about $13B plus or minus

BOOKING HOLDINGS $BKNG Q2 REVENUE AND ADJUSTED EPS BEAT • Revenue: $7.40B vs $7.189B est, beat • Adjusted EPS: $2.54 vs $2.45 est, beat • GAAP EPS: $2.53 The company raised expected annual run-rate savings from its transformation program to about $650M, to be realized by

DEVON ENERGY $DVN Q2 CORE EPS BEATS AT $1.57 • Core EPS: $1.57 vs $1.39 est, beat • Adjusted net income: $1.50B vs $1.289B est, beat • GAAP EPS: $2.03, net income $1.90B • Revenue: $5.10B • Dividend: $0.32

MATCH GROUP $MTCH Q2 REVENUE MISSES, PAYERS FALL 6% • Revenue: $853.1M vs $856.8M est, miss • EPS: $0.70 vs $0.66 est, beat • Adjusted EBITDA: $331M vs $327.4M est, beat • Payers: 13.3M, -6% Q3 guidance: revenue $885M-$895M vs $891.5M est, adjusted EBITDA $330M-$335M vs

SPACEX $SPCX Q2 REVENUE $7.8B, UP 92%, WITH A $541M NET LOSS • Revenue: $7.80B, +92% YoY • Adjusted EBITDA: $3.50B • Net loss: $541M • Capex: $18.37B • Cash and marketable securities: $100B, backlog $47.5B Segment revenue: • Connectivity: $4.29B, income from operations

KRATOS $KTOS Q2 REVENUE BEATS BY $48M • Revenue: $458.8M vs $410.4M est, beat • Adjusted EPS: $0.21 vs $0.14 est, beat • Adjusted EBITDA: $38.2M vs $34.7M est, beat • GAAP EPS: $0.02, net income $4.4M • Operating loss: $1.6M

IRAN, OMAN REPORT PROGRESS ON HORMUZ TALKS Iran's Foreign Ministry said negotiations with Oman on safe shipping routes through the Strait of Hormuz are progressing positively. The talks aim to establish a transit corridor that balances Iranian sovereignty with the national

IRAN'S FOREIGN MINISTER SPOKESPERSON SAYS TALKS WITH OMAN ASSESSED AS 'POSITIVE' AT BOTH TECHNICAL AND POLITICAL LEVELS - STATE MEDIA

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS TALKS WITH OMAN OVER TRANSIT IN STRAIT OF HORMUZ CONTINUE - STATE MEDIA

U.S. EYES POLYSILICON PRICE FLOOR The Trump administration is preparing a price floor and new tariffs on polysilicon and related products later this month, according to Reuters. The move aims to protect U.S. producers Hemlock Semiconductor (Corning: $GLW) and Wacker Chemie

TRUMP ADMINISTRATION PREPARING TO SET PRICE FLOOR, TARIFFS ON IMPORTS OF POLYSILICON AND DERIVATIVE PRODUCTS USED IN CHIPS AND SOLAR PANELS-SOURCES

IRAN MAY ALLOW EUROPE TO CLEAR HORMUZ MINES Iran is reportedly considering allowing European countries to clear mines in the Strait of Hormuz, a potential concession that could help restore shipping and revive U.S.-Iran peace talks. The proposal remains under discussion and

*IRAN WEIGHS ALLOWING EUROPE TO CLEAR MINES IN STRAIT OF HORMUZ

CIO WARNS AI RALLY RELIES ON INVESTOR FAITH Hirtle CIO Brad Conger warns the AI trade is entering a "kindness of strangers" phase, with hyperscalers increasingly relying on debt as free cash flow weakens. He says investors are assuming cash flows will recover, calling that

MORGAN STANLEY: OPEN AI MODELS EXPAND THE MARKET Morgan Stanley says the rise of open-weight AI models such as Kimi K3, Qwen, and Llama should accelerate AI adoption by lowering costs, not hurt the industry's leaders. The bank argues cheaper AI will drive broader enterprise

NASDAQ EXTENDS GAINS, LAST UP 2.1%

RUBIO SAYS NOTHING FINAL ON HORMUZ, HOPING AGREEMENT WILL HAPPEN VERY SHORTLY

RUBIO: THERE'S BEEN PROGRESS MADE IN TALKS IRAN TO REOPEN TRAIT OF HORMUZ

OIL PRICES EXTEND LOSSES TO HIT SESSION LOWS; BRENT LAST DOWN 4.7%, WTI DOWN 5.4%

U.S. JOLTS JOB OPENINGS 7.359 MLN IN JUNE (CONSENSUS 7.400 MLN)

SHIPPING ANALYSTS QUESTION HORMUZ RECOVERY Shipping analysts are more cautious than U.S. Treasury Secretary Scott Bessent on a recovery in Strait of Hormuz traffic. While Bessent said a U.S.-Iran deal could come "today or tomorrow," analysts report fewer than 10 ships

DOW HITS INTRADAY RECORD HIGH, LAST UP 1.2%

S&P 500 HITS INTRADAY RECORD HIGH, LAST UP 0.5%

S&P 500 BREAKS OUT, RECORD HIGH IN SIGHT The S&P 500 has regained momentum, closing just 0.12% below its record high after a nearly 4% three-day rally. Mega-cap stocks are leading the advance, with the Magnificent Seven posting their strongest three-day gain since May 2025.

$MU - BOFA: MICRON PULLBACK IS A BUYING OPPORTUNITY BofA reiterated its Buy rating and $1,550 price target on Micron, calling the recent selloff an "enhanced buying opportunity." The bank expects memory pricing to normalize from 2027–2028, but says fundamentals remain strong.

ING: BITCOIN'S LONG-TERM TREND REMAINS BEARISH ING says Bitcoin's long-term downtrend remains intact despite a modest rebound from recent lows. The bank sees strong resistance between $65,670 and $69,900 and doubts Bitcoin can break above that range sustainably. ING warns a

UKRAINE: NO REPLACEMENT FOR BLACK SEA GRAIN EXPORTS Ukraine's farm minister says there is "no real long-term substitute" for Black Sea ports for grain exports. Alternative export routes will not reach full operational capacity before the end of August and can handle only around

THERE IS NO REAL LONG-TERM SUBSTITUTE FOR BLACK SEA PORTS FOR GRAIN EXPORTS, UKRAINE'S FARM MINISTER TELLS REUTERS

🚨Political Trade Alert🚨 Rep. April McClain has released a new financial disclosure. Highlights: $ENTG Entegris $2k - $30k $SCI Service Corp International $6k - $90k Sold: $STE STERIS $5k - $75k $TSCO Tractor Supply Co. $15k - $50k

📉 PRICE TARGET CUT $ABG: JP Morgan PT cut to $190 from $220 $ALHC: JP Morgan PT cut to $22 from $26 $ALNY: Truist Securities PT cut to $315 from $410 $AN: JP Morgan PT cut to $210 from $235 $ARCB: Citigroup PT cut to $171 from $178 $AVA: Barclays PT cut to $37 from $40 $AZO:

$LIFE: Deutsche Bank PT raised to $40 from $30; Barclays PT raised to $37 from $27 $LIND: Benchmark PT raised to $40 from $34 $MATX: JP Morgan PT raised to $270 from $230; Stephens PT raised to $260 from $240 $MHK: Deutsche Bank PT raised to $121 from $109; Truist Securities PT

📈 PRICE TARGET RAISED $ADPT: Piper Sandler PT raised to $27.50 from $20 $AEIS: Citigroup PT raised to $460 from $435; TD Cowen PT raised to $370 from $350 $ARXS: Wells Fargo PT raised to $63 from $52 $BBY: Telsey Advisory Group PT raised to $95 from $90 $BLZE: Needham PT raised

MARKET MOVERS 🟢 UPGRADES $PLTR: Deutsche Bank upgraded to Buy $REPL: Leerink Partners upgraded to Outperform; PT raised to $17 from $11 🔴 DOWNGRADES $BOW: Deutsche Bank downgraded to Hold; PT raised to $34 from $31; Piper Sandler downgraded to Neutral; PT cut to $34 from $36;

FED'S PAULSON: IF PROGRESS NOT MADE ON INFLATION, FED WILL NEED TO ACT

FED'S PAULSON: THIS IS A COMPLICATED TIME FOR MONETARY POLICY - CNBC PAULSON: INFLATION IS TOO HIGH, WANTS TO BRING IT DOWN PAULSON: NEED MILDLY RESTRICTIVE MONETARY POLICY AND FED LIKELY HAS THAT NOW

SPOT SILVER RISES 3% TO $59.90/OZ

SOCGEN: BUY THE DIP, SEES S&P 500 AT 8,000 Societe Generale says U.S. earnings strength is broadening beyond Big Tech and continues to support equities. The bank notes 86% of companies have beaten earnings estimates, margins are at record highs, and 2026 EPS forecasts have

US JUN TRADE DEFICIT $73.26B; CONSENSUS DEFICIT $72.9B MAY TRADE BAL REVISED TO DEFICIT $77.65B FROM DEFICIT $77.58B JUN EXPORTS $314.73B, -0.9%; IMPORTS $387.99B, -1.8%

TRUMP'S IRAN STRIKE THREATS: A TIMELINE 🔸 March 21: Trump threatened to "hit and obliterate" Iranian power plants unless Hormuz reopened within 48 hours. 🔸 March 23: Delayed strikes for five days, citing "productive conversations" with Iran. 🔸 April 7: Warned "a whole

BESSENT: WE ARE SEEING A DETOX IN THE FED

BRENT CRUDE FUTURES DOWN OVER 1% ON HOPES FOR U.S.-IRAN DEAL

BESSENT: SAW QUITE A FEW SHIPS COMING OUT OF HORMUZ EVEN NOW

BESSENT: DEAL POSSIBLE TUESDAY OR WEDNESDAY ON HORMUZ -CNBC INTERVIEW

BESSENT: WE MAY HAVE IRAN DEAL TOMORROW TO OPEN HORMUZ -CNBC INTERVIEW

BESSENT ON YEN INTERVENTION: SEE NO REASON FOR JAPAN TO STOP ACCUMULATING SUBSTANTIAL OVERSEAS ASSETS

BESSENT ON YEN INTERVENTION: BELIEVE BANK OF JAPAN WILL DO WHAT IS NEEDED

BESSENT: MANY PEOPLE BELIEVE CHINESE YUAN IS UNDERVALUED

BESSENT ON YEN INTERVENTION: IF YEN WEAKENS OTHER CURRENCIES WOULD FOLLOW

🇯🇵 BESSENT BACKS JAPAN'S YEN STABILIZATION EFFORTS U.S. Treasury Secretary Scott Bessent said Washington has been in "close contact" with Japan over yen intervention. "It's important to have a framework," Bessent said, adding Japan is making "serious efforts" to stem the yen's

BESSENT ON YEN INTERVENTION: THEY ARE MAKING SERIOUS EFFORTS TO STEM DEVLUATION IN CURRENCY-CNBC INTERVIEW

BESSENT ON YEN INTERVENTION: IT'S IMPORTANT TO HAVE A FRAMEWORK -CNBC INTERVIEW

*TESLA CHINA JULY DELIVERIES RISE 37.8% Y/Y: CPCA *CPCA SAYS TESLA CHINA JULY DELIVERIES HIT 93,579 UNITS

CME GROUP JULY VOLUME HITS NEW RECORD OF 27 MILLION CONTRACTS, UP 23% YEAR OVER YEAR

$SPCX - SPACEX EARNINGS: ANALYSTS FOCUSED ON AI, NOT THE QUARTER SpaceX reports earnings today, but Bernstein says "the quarterly results should not matter." Instead, analysts are focused on management's confidence in its AI and orbital data center strategy. Bernstein says

$MCD - MCDONALD'S EPS BEATS, SALES COME IN SLIGHTLY LIGHT Results • Adj. EPS: $3.38 vs. $3.32 est. • Revenue: $7.10B vs. $7.13B est. • EPS: $3.32 • Global Comparable Sales: +1.3% vs. +1.39% est. • U.S. Comparable Sales: +0.8% vs. +1.06% est. • Global Systemwide Sales:

QATAR SAID THERE IS CURRENTLY NO SET AGENDA FOR DIRECT U.S.-IRAN TALKS

*QATAR: FOCUS RIGHT NOW IS ON SHORT TERM RESOLUTION *QATAR: RESOLUTION WOULD HELP TO GO BACK TO US-IRAN TALKS *QATAR: NOTHING IN BOOKS WHEN IT COMES TO US-IRAN DIRECT TALKS

QATAR: EFFORTS ARE 'ONGOING' FOR US-IRAN RESOLUTION

🚨Insider Trade Alert🚨! Insider Deslarzes Jean-Christophe has purchased 1,490 shares in $CSTM CONSTELLIUM SE worth $40,587.60 $CSTM current value: $28.42 Market: NYSE

🚨Insider Trade Alert🚨! Insider Yeary Frank D has purchased 12,360 shares in $MBLY Mobileye Global Inc. worth $98,632.80 $MBLY current value: $8.08 Market: NASDAQ

🚨Insider Trade Alert🚨! Chairman, President & CEO Huntsman Peter R has purchased 100,000 shares in $HUN Huntsman CORP worth $981,000.00 $HUN current value: $10.02 Market: NYSE

🚨Insider Trade Alert🚨! Insider NOVA DANIEL J has purchased 40,000 shares in $HOG HARLEY-DAVIDSON, INC. worth $982,700.00 $HOG current value: $25.31 Market: NYSE

🚨Insider Trade Alert🚨! Insider SEKHRI PAUL J has purchased 12,500 shares in $APMD Apnimed, Inc. worth $200,000.00 $APMD current value: $25.00 Market: NASDAQ

CRISPR THERAPEUTICS $CRSP Q2 LOSS OF $0.94 PER SHARE • EPS: -$0.94 • Pretax loss: $90.2M • Operating expenses: $127.5M

VERTEX $VERX Q2 REVENUE AND ADJUSTED EPS EDGE PAST ESTIMATES • Revenue: $203.97M vs $202.3M est, beat • Adjusted EPS: $0.20 vs $0.19 est, beat Q3 guidance: revenue $208M-$211M vs $211.7M est, adjusted EBITDA $55M-$57M. FY guidance: revenue $825M-$830M vs $827.3M est, adjusted

SNAP $SNAP Q2 REVENUE AND ADJUSTED EBITDA BEAT, EPS MISSES • Revenue: $1.599B vs $1.540B est, beat • Adjusted EBITDA: $249.6M vs $188.8M est, beat • EPS: -$0.10 vs $0.08 est, miss • Net loss: $164.0M, operating loss $170.7M • Free cash flow: $120.5M • Daily active users:

PALANTIR $PLTR Q2 BEATS, RAISES FY REVENUE GUIDANCE TO $8.15B • Revenue: $1.94B vs $1.80B est, beat • Adjusted EPS: $0.41 vs $0.35 est, beat Q3 guidance: revenue $2.160B-$2.164B vs $2.00B est, adjusted income from operations $1.292B-$1.296B. FY guidance: revenue

TRUMP: CHEVRON, EXXON MADE TOO MUCH MONEY

TRUMP: I'M NOT GOING TO LET IRAN CHARGE TO GO THROUGH HORMUZ STRAIT

*TRUMP: TALKING ABOUT HAVING STRAIT OPEN BY TOMORROW

*TRUMP: THIS IS THE LAST CHANCE FOR IRAN TO SIGN A DEAL

TRUMP TELLS HEGSETH: YOU ARE DOING A FANTASTIC JOB

META INVITED TO WHITE HOUSE TUESDAY TO DISCUSS AI SAFETY TESTING BY U.S. GOVERNMENT - COMPANY SPOKESPERSON

TRUMP: IRAN CONFLICT IS WORKING OUT VERY WELL

CITADEL WARNS FED MESSAGING IS HURTING CREDIBILITY Citadel Securities said Fed Chair Kevin Warsh's policy framework is creating uncertainty by pledging to curb inflation without clearly explaining how. The firm warned that relying on higher market yields to tighten financial

IRAN SEES TRUMP FAVORING TALKS OVER ESCALATION Iranian leaders reportedly believe President Trump is seeking leverage through military threats rather than a broader war. According to sources, Tehran believes it can withstand pressure by using regional proxies and maintaining

VENEZUELA OIL EXPORTS HIT FIVE-MONTH LOW Venezuela's crude exports fell 25% in July to 856,000 bpd, the lowest level in five months. The decline was driven by weaker demand from India, where imports halved as Middle Eastern oil supplies recovered following a pause in the Iran

NASDAQ EXTENDS GAINS, LAST UP 2.1%

SAYLOR SAYS HE HAS NEVER SOLD ANY OF HIS PERSONALLY HELD BITCOIN Michael Saylor said he has never sold a single satoshi of his personal Bitcoin holdings. He clarified that Strategy ($MSTR ) is a public company—not his personal wallet—and may buy or sell Bitcoin as part of its

U.S. OFFICIALS SAY NO NEW IRAN TALKS PLANNED: CBS U.S. officials told CBS News there are no new negotiations with Iran planned, despite President Trump's comments that talks would begin Monday. Officials said discussions continue through mediators involving U.S. envoy Steve

TRUMP EXPECTED TO ATTEND A ROUNDTABLE OF MINING EXECUTIVES ON FRIDAY AT U.S. STATE DEPARTMENT - SOURCES

$GME - GAMESTOP SHARES EXTEND LOSSES, LAST DOWN 12.8%

*TRUMP SAYS IRAN PRIVATELY SEEKING TALKS *TRUMP SAYS U.S. NAVY CONTROLS STRAIT OF HORMUZ *TRUMP SAYS SANCTIONS STAY UNTIL IRAN DEAL *TRUMP SAYS IRAN WILL NEVER HAVE NUCLEAR WEAPON *TRUMP SAYS TALKS WITH IRAN ARE CONTINUING

TRUMP: WHETHER IRAN WANTS TO ADMIT IT OR NOT, WE ARE, IN FACT, TALKING OF A SOLUTION TO A PROBLEM THAT THEY HAVE CAUSED, FOR DECADES

TRUMP: NOTHING GETS THROUGH TO IRAN, UNLESS WE WANT IT TO, AND NOTHING WILL GET THROUGH, UNLESS A DEAL, OR TOTAL SURRENDER, IS ACCOMPLISHED

TRUMP: IRAN 'WILL NEVER HAVE A NUCLEAR WEAPON' President Trump accused Iran of publicly denying negotiations while privately seeking talks. He claimed the U.S. Navy fully controls access to the Strait of Hormuz, saying nothing reaches Iran without U.S. approval. Trump added

TRUMP: IRANIAN LEADERSHIP IS UNBELIEVABLY DUPLICITOUS

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FELL BY ABOUT 2.85 MLN BARRELS TO 304.8 MLN BARRELS LAST WEEK, LOWEST SINCE 1983

U.S. HAS FINALIZED DETAILS OF ADVANCED AI MODEL TESTS - WHITE HOUSE OFFICIAL

TRUMP ADMINISTRATION INVITED STAFFERS FROM MAJOR TECH COMPANIES INCLUDING OPENAI, GOOGLE AND ANTHROPIC TO WHITE HOUSE ON TUESDAY - THE INFORMATION

WHITE HOUSE TO HOST AI COMPANIES ON TUESDAY TO REVIEW AI FRAMEWORK - THE INFORMATION

SHARES OF US HYPERSCALERS CLIMB • META RISES 6.1% • MICROSOFT JUMPS 4.7% • AMAZON GAINS 4.6%

$MSTR - CANTOR CUTS STRATEGY PT, MAINTAINS BULLISH VIEW Cantor Fitzgerald lowered its price target on Strategy to $186 from $212, while maintaining an Overweight rating. The firm cited a more conservative Bitcoin price assumption of $98K (down from $111K), but remains positive

ISM U.S. MANUFACTURING ACTIVITY INDEX 55.6 IN JULY (CONSENSUS 54.0) VS 53.3 IN JUNE

AMAZON $AMZN TOPS $3 TRILLION IN MARKET VALUE FOR THE FIRST TIME 🟢 Shares rose as much as 5.3% Monday morning, making Amazon the fifth company ever to reach the milestone, joining Nvidia $NVDA, Alphabet $GOOGL, Microsoft $MSFT and Apple $AAPL The move follows last week's

🇺🇸TRUMP'S MONDAY SCHEDULE • 8:00 AM ET – Executive Time • 12:00 PM ET – Policy Meeting • 1:30 PM ET – Signs Executive Order (Press Pool) • 3:00 PM ET – Policy Meeting • 4:30 PM ET – Policy Meeting • 5:30 PM ET – Policy Meeting

TRUMP TELLS OIL COMPANIES "GET YOUR CONSUMER (RETAIL!) OIL PRICES DOWN, NOW!"

TRUMP URGES CHEVRON TO CUT OIL PRICES President Trump praised Chevron ($CVX) CEO Mike Wirth for the company's performance but said it was made possible by his administration's energy policies. Trump highlighted Chevron's return to Venezuela as an example of that support and

JPMORGAN EXPANDS $750B HOUSING COMMITMENT JPMorgan Chase ($JPM) plans to deploy $750 billion through 2035 to expand U.S. housing supply and homeownership, a nearly 40% increase from the previous decade. The initiative aims to finance 1 million affordable housing units and help

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.01 PCT

$AMZN - AMAZON SHARES TOUCH RECORD HIGH, LAST UP 4.6%

$AMZN AMAZON HITS $3 TRILLION IN MARKET VALUE FOR THE FIRST TIME

IRAN REJECTS U.S. HORMUZ PROPOSAL According to Al Mayadeen, citing an Iranian source, Tehran rejected the latest U.S. proposal, insisting the Strait of Hormuz will not fully reopen until the war ends. The source also claimed Washington made a concession regarding the closure of

DEUTSCHE BANK SEES GOLD FAIR VALUE AT $4,700 Deutsche Bank says gold remains in an "explosive phase" that began in August 2024, with its models pointing to a year-end fair value of around $4,700/oz, above its $4,600 Q4 forecast. While some valuation models imply downside toward

🚨Insider Trade Alert🚨! President Moreno David has purchased 2,475 shares in $FTAI FTAI Aviation Ltd. worth $498,143.25 $FTAI current value: $206.00 Market: NASDAQ

UBS: FOOD INFLATION TO STAY HIGHER FOR LONGER UBS expects food inflation to remain elevated, driven by climate-related supply shocks, rising labor costs, stricter livestock standards and strong demand. While advances in agricultural technology may improve efficiency, the bank

$MSTR - STRATEGY SELLS 1,638 BITCOIN, BOOSTS CASH RESERVE Strategy raised $290.6M by selling 3.01M shares through its ATM program. The company allocated $250M to its USD Reserve, $28.9M to STRC share repurchases and $11.7M to cash. Strategy also sold 1,638 Bitcoin at an

MORGAN STANLEY SEES CLOUD SPENDING SURGING TO $1.2T Morgan Stanley expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% YoY and $170 billion above pre-Q2 estimates. The firm said all four major U.S. hyperscalers remain capacity constrained as AI demand

DEUTSCHE BANK RAISES S&P 500 EPS FORECASTS Deutsche Bank lifted its 2026 S&P 500 EPS forecast to $358 (from $342) and 2027 to $420 (from $390) after strong Q2 earnings. A record 87% of companies have beaten estimates, with profits on track to grow 33% in Q2. The bank said

$MSTR - STRATEGY: STRATEGY SOLD 1,637 BTC REDUCING HOLDINGS TO 842,138 BTC

$TSLA - TESLA EUROPE SALES SHOW MIXED JULY TREND Tesla's July registrations surged 86% in France and 52% in Denmark, but plunged 97% in Norway, 81% in Spain, and 60% in Sweden. The mixed results follow Tesla's record Q2 deliveries, with investors now awaiting registration data

U.S.-JAPAN YEN INTERVENTION TARGETS MARKET STABILITY The U.S. joined Japan's first coordinated yen-buying intervention since 1998, aiming to stabilize the yen and reduce the risk of Japan selling U.S. Treasuries to fund currency support. Analysts say the move also supports

U.S. TIGHTENS ROBOT IMPORT RULES The FCC will restrict imports of certain foreign-made advanced robots, including humanoids, quadrupeds and some autonomous devices. Morgan Stanley expects limited near-term impact on Chinese humanoid robot makers, as existing FCC-approved

FIFA PRESIDENT GIANNI INFANTINO WANTS TRUMP ADMINISTRATION TO HELP KEEP HIM IN OFFICE & SCHEDULED PRIVATE TALKS WITH SECRETARY OF STATE RUBIO - NY POST

$GME - GAMESTOP SHARES EXTEND LOSSES PREMARKET; LAST DOWN 10.5%

📅 THIS WEEK'S U.S. ECONOMIC CALENDAR (ET) 🟢 Monday • 9:45 AM – S&P Global Manufacturing PMI • 10:00 AM – ISM Manufacturing PMI (Est. 54.0), Construction Spending (Est. +0.3% m/m) • 4:00 PM – Auto Sales 🔵 Tuesday • 8:30 AM – Trade Balance (Est. -$73.0B) • 10:00 AM –

U.S. AND ISRAEL ARE PREPARING TO BOMBARD ENERGY-RELATED TARGETS IN IRAN AS SOON AS THIS WEEKEND - CBS NEWS

U.S., ISRAEL WEIGH STRIKES ON IRAN ENERGY SITES The U.S. and Israel are preparing a potential joint campaign targeting Iranian energy infrastructure, with strikes possible this weekend, according to CBS. President Trump has not given final approval. Officials are reportedly

🚨Insider Trade Alert🚨! Insider Hayden Michael R has purchased 20,000 shares in $IONS IONIS PHARMACEUTICALS INC worth $1,058,700.00 $IONS current value: $51.77 Market: NASDAQ

WARSH CONSIDERS REDUCING FREQUENCY OF FED POLICY MEETINGS: NYT

ALPHABET, AMAZON AND MICROSOFT ADD NEARLY $1.5T IN MARKET VALUE THIS WEEK Nearly $2T has moved into or out of the six megacaps that have reported this season, per CNBC. • Microsoft $MSFT: +$600B • Amazon $AMZN: +$400B • Alphabet $GOOGL: +$400B • Meta $META: -$85B • Apple

KKR NEAR DEAL TO BUY INTEGER HOLDINGS AT ROUGHLY $127 PER SHARE, WSJ REPORTS A deal could come as soon as next week, per the Journal. Integer $ITGR makes medical devices on contract for other manufacturers. $KKR

*TRUMP SAYS IRAN LIED DURING NEGOTIATIONS *TRUMP SAYS IRAN FIRED FIVE MISSILES AT JORDAN

TRUMP ON IRAN: CAN REACH A DEAL

TRUMP ON UKRAINE, MISSILES: WE HAVE TO BE VERY CAREFUL ABOUT LETTING SOMEBODY BUILD THEM TRUMP ON UKRAINE, MISSILES: HAVE NOT AGREED TO THAT TRUMP ON UKRAINE, MISSILES: I DON'T THINK THIS WOULD EVER HAPPEN

TRUMP ON ISRAEL, HAMAS DEAL: BIG STEP FOR MIDDLE EAST

TRUMP ON IRAN: WE'LL BE HITTING THEM

TRUMP: IRAN ARE BEING DECIMATED

U.S. TREASURY CHIEF ON IRAN: WE ARE SEARCHING FOR THEIR ASSETS ALL AROUND THE WORLD U.S. TREASURY CHIEF ON IRAN: MONEY WILL GO TO IRANIAN PEOPLE

- ITALY SUSPENDS EU'S SCHENGEN FREE-TRAVEL REGIME WITH SPAIN AFTER CEUTA MIGRANT CRISIS - STATEMENT

TRUMP: IRAN'S MISSILE CAPABILITY WEAKENED President Donald Trump said Iran still has "a few missiles," but far fewer than it did four to five months ago. Trump added that Iran's missile production capabilities have almost completely disappeared, signaling continued pressure on

TRUMP: SAYS THERE'S NO INFORMATION ICC IS AFTER ME

CITI SEES BUY-THE-DIP SHIFT IN KOSPI Citi said investors have shifted to buying Kospi pullbacks, citing record foreign inflows, improving pension fund demand and tighter retail trading rules. The bank maintained its 10,000 Kospi target, saying solid memory-chip fundamentals,

AMAZON SHARES JUMP 15.2%, SET FOR BIGGEST PERCENTAGE GAIN SINCE 2012

TREASURY SELLOFF GATHERS MOMENTUM U.S. Treasury yields climbed across the curve after Fed officials Lorie Logan and Beth Hammack defended their calls for a 25 bp rate hike, boosting expectations of near-term tightening. The 10-year Treasury yield rose to 4.737%, its highest

US 10-YEAR TREASURY YIELDS RISE TO 4.7388%, HIGHEST SINCE JANUARY 2025

U.S. CONSUMER SENTIMENT TOPS ESTIMATES University of Michigan consumer sentiment rose to 55.2 in July, above the 54.0 consensus and up from 49.5 in June. One-year inflation expectations held at 4.2%, down from 4.6% in June, while the five-year outlook remained at 3.3%, pointing

LOGAN BACKS IMMEDIATE RATE HIKE Fed Governor Lorie Logan said she preferred a 25 bp rate hike, arguing inflation is not on track to sustainably return to the Fed's 2% target. Logan said taking modest action now would reduce the risk of more aggressive tightening later, while

ISRAELI OFFICIAL: ISRAEL WILL NOT WITHDRAW FROM THE YELLOW LINE IN GAZA UNLESS HAMAS UNDERGOES 'GENUINE DISARMAMENT'

SPOT GOLD EXTENDS LOSSES, LAST DOWN NEARLY 2% AT $4,024.69/OZ

US TREASURY HAS INFORMED BANKS THAT IT MAY INTERVENE IN YEN MARKET ON FRIDAY - SOURCE FAMILIAR WITH THE MATTER US TREASURY TOLD A NUMBER OF BANKS VIA NEW YORK FED THAT BANKS SHOULD STAND BY FOR 'FUTURE ACTIONS' - SOURCE FAMILIAR WITH THE MATTER

🚨Political Trade Alert🚨 Rep. Cleo Fields has released a new financial disclosure. Highlights: $TSM Taiwan Semiconductor Manufacturing Co $1k - $15k

TRADERS BRACE FOR S&P 500 VOLATILITY Investors are increasing hedges against broader S&P 500 swings as macro risks—including inflation, Fed uncertainty and geopolitical tensions—take center stage after earnings season. Goldman Sachs favors a reverse dispersion trade, betting on

BCA RESEARCH TURNS BULLISH ON GOLD BCA Research said it's time to buy gold, arguing the recent selloff is nearing an end as headwinds from higher real yields fade. The firm expects a weaker U.S. dollar to become a tailwind for gold, while continued central bank buying,

TRUMP WARNS ISRAEL ON GAZA DEAL A U.S. official said President Donald Trump would be "very disappointed" if Israel fails to honor the agreed 20-point Gaza peace plan. The U.S. expects Israel to comply, while Hamas' disarmament is expected to be refined over the coming weeks,

HASSETT: WILL CONTINUE MEASURES TO KEEP OIL PRICE DOWN IF NEEDED

$NVDA - MOONSHOT'S KIMI BUILT ON 20,000 NVIDIA CHIP CLUSTER VIA ALIBABA

HASSETT: THINK THE 10-YEAR TREASURY YIELD CLIMB IS A TEMPORARY MATTER

HASSETT SAYS RATES COULD STAY STEADY

MORGAN STANLEY CUTS CHINA GDP FORECAST Morgan Stanley lowered its 2026 China GDP forecast to 4.6% from 4.8% after weaker-than-expected June activity. The bank cited slowing infrastructure spending, softer consumer demand and continued property weakness. It expects policy

KASHKARI BACKED A RATE HIKE Minneapolis Fed President Neel Kashkari said he dissented at the latest FOMC meeting because he preferred a 25 bp rate hike. Kashkari said repeated supply shocks and rising AI data center investment risk making inflation more persistent. He favors

BOFA: INFLATION EXPECTATIONS TEST FED CREDIBILITY BofA said 5Y5Y forward inflation expectations have become the key gauge of Fed credibility as markets question whether policymakers will follow through on inflation-fighting rhetoric. The bank said recent gains in forward

SPAIN CALLS MIGRANT SURGE AN 'ATTACK' Spanish PM Pedro Sánchez called the arrival of up to 60,000 migrants into Ceuta from Morocco a violation of Spain's territorial integrity. Spain has begun returning migrants with Morocco's cooperation and deployed the military to secure the

📅 TRUMP SCHEDULE — FRIDAY, JULY 31 7:30 AM — Out-of-town travel pool call time 8:00 AM — Executive Time 9:00 AM — In-town pool call time 11:00 AM — Cabinet Meeting (Camp David) TBD • Departs White House for Camp David • Arrives Camp David • Departs for Bedminster, NJ •

📉 PRICE TARGET CUT $AAPL: Goldman Sachs PT cut to $360 from $370; JP Morgan PT cut to $340 from $345; Melius Research PT cut to $370 from $385; Morgan Stanley PT cut to $360 from $364; TD Cowen PT raised to $400 from $350 $COIN: Benchmark PT cut to $230 from $270; BTIG PT cut to

📈 PRICE TARGET RAISED $AMZN: Benchmark PT raised to $400 from $370; Citigroup PT raised to $350 from $325; Jefferies PT raised to $330 from $320; JP Morgan PT raised to $365 from $330; Piper Sandler PT raised to $320 from $315; Pivotal Research PT raised to $333 from $320; RBC

MARKET MOVERS 🟢 UPGRADES $BAX: Citigroup upgraded to Neutral; PT raised to $28 from $17 $CORZ: KBW upgraded to Outperform; PT raised to $28 from $25 $PTEN: JP Morgan upgraded to Neutral; PT raised to $12 from $10 $KPTI: H.C. Wainwright upgraded to Neutral 🔴 DOWNGRADES $RBLX:

$XOM - EXXONMISSES ESTIMATES AS OUTPUT REMAINS STRONG Results Adj. EPS: $3.52 vs. $3.54-$3.60 est. ❌ Adj. Earnings: $14.68B vs. $15.10B est. ❌ Production: 4.514M boepd Permian Production: Record 1.8M+ boepd Operations Guyana: Fifth FPSO to begin production in Q4. Outages:

JAPAN LIKELY SPENT MORE THAN Y6 TLN ON CURRENCY INTERVENTION ON JULY 30, DATA SUGGEST

$AMZN - AMAZON - DURING Q2 2026, WE RECEIVED ABOUT $640 MILLION OF TARIFF REFUNDS UNDER IEEPA - FILING

KOREAN CHIP STOCKS STAGE RECORD REBOUND SK Hynix surged 30% and Samsung Electronics jumped 27%, lifting the Kospi 18%, as Citadel's purchase of distressed AI assets fueled a relief rally. Analysts said heavy deleveraging by retail investors and hedge funds has largely run its

SK HYNIX SURGES 25%, SAMSUNG UP OVER 20% AS CHIP STOCKS REBOUND The Seoul rally tracks an overnight surge in US technology stocks after Amazon $AMZN and Microsoft $MSFT cloud results. SK Hynix is on course for its best day on record if the gains hold. Elsewhere in Asia: •

APPLE $AAPL GUIDES SEPTEMBER QUARTER REVENUE GROWTH OF 9% TO 11% The CFO says on the earnings call that iPhone revenue growth is expected in the "mid-teens" year over year, with gross margins of 47% to 48% including one point of benefit from tariff refunds.

AMAZON $AMZN HIKES 2026 CAPEX TO $220B ON HIGHER MEMORY COSTS Capital expenditures hit $54.2B in the June quarter, up from $32.1B a year ago. Trailing twelve-month free cash flow swung to an outflow of $7.6B from an inflow of $18.2B a year earlier. CEO Andy Jassy says AWS is

🚨Insider Trade Alert🚨! Insider Murti Arjun N has purchased 14,053 shares in $LBRT Liberty Energy Inc. worth $250,008.51 $LBRT current value: $17.95 Market: NYSE

APPLE BEATS ESTIMATES ON IPHONE, MAC STRENGTH Results EPS: $2.02 ($1.91 ex-tariff refunds) vs. $1.89 est. ✅ Revenue: $109.42B vs. $108.65B est. ✅ Gross Margin: 50.1% (48.1% ex-tariff refunds) vs. 47.9% est. ✅ iPhone Revenue: $54.25B vs. $53.86B est. ✅ Mac Revenue: $10.35B

APPLE $AAPL FISCAL Q3 REVENUE $109.4B, EPS BEAT INCLUDES TARIFF REFUNDS • Revenue: $109.42B vs $108.65B est, beat • EPS: $2.02 vs $1.89 est, beat, includes a favorable $0.11 impact from tariff refunds • Gross margin: 50.1% vs 47.92% est, beat, includes about 2 percentage

TRUMP ORDERS RESTRICTIONS ON EXPORT OF CRITICAL MINERALS SCRAP - WHITE HOUSE OFFICIALS

DOLBY $DLB FISCAL Q3 REVENUE MISSES, BOARD ADDS $350M TO BUYBACK • Revenue: $305M vs $312M est, miss • Net income: $29M, adjusted net income $65M • Dividend: $0.36 The board increased the stock repurchase program by $350M to $427M. Q4 guidance: revenue $362M-$392M vs

REDDIT $RDDT JUST REPORTED Q2 EARNINGS • EPS of $1.25 beating expectations of $0.95 🟢 • Revenue of $805M beating expectations of $730.4M 🟢 • Net income of $253M beating expectations of $196.5M 🟢 • Adjusted EBITDA of $343M beating expectations of $297.2M 🟢 • Daily Active

TEMPUS AI $TEM Q2 REVENUE BEATS, RAISES FY OUTLOOK ABOVE ESTIMATES • Revenue: $382.5M vs $379.7M est, beat • Adjusted EPS: -$0.04 vs -$0.14 est, beat • Adjusted EBITDA: $8.0M vs $8.5M est, miss • Net income: $5.6M, loss from operations $75.9M FY guidance: revenue

DEXCOM $DXCM JUST REPORTED Q2 EARNINGS • Adjusted EPS of $0.70 beating expectations of $0.61 🟢 • Revenue of $1.31B beating expectations of $1.29B 🟢 • Adjusted operating income of $328.3M beating expectations of $285.5M 🟢 • Adjusted net income of $269.1M beating

RIVIAN $RIVN JUST REPORTED Q2 EARNINGS • Revenue of $1.66B beating expectations of $1.51B 🟢 • EPS of -$0.63 FY 2026 guidance: • Vehicle deliveries of 65,000 to 70,000, raised from prior guidance of 62,000 to 67,000 🟢 • Adjusted EBITDA of -$2.0B to -$1.8B, in line with

AMAZON $AMZN Q2 EPS $5.75 ON $53.4B ANTHROPIC INVESTMENT GAIN • Net sales: $200.6B vs $196.5B est, beat • EPS: $5.75 vs $1.82 est, inflated by a $53.40B non-operating pre-tax gain primarily from Amazon's Anthropic investments • AWS net sales: $42.2B, AWS operating income

TRUMP'S BOARD OF PEACE BELIEVE HAMAS COULD SIGN AN AGREEMENT IN COMING DAYS TO BEGIN DISARMING AND DEMILITARIZING GAZA STRIP -AXIOS

IRAN'S ARMY SAYS IT LAUNCHED ATTACK ON U.S. ASSETS IN BAHRAIN'S SHEIKH ISSA BASE - STATE MEDIA

MUSK PLANS MAJOR MIDTERM SPENDING Elon Musk has reportedly authorized his super PAC to spend up to $120 million to support Republican candidates in this year’s US midterm elections. The funding, expected to total $100 million-$120 million, would target campaigns in at least

🚨Insider Trade Alert🚨! VP Tien Bor-Zen has purchased 1,015 shares in $TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD worth $73,820.00 $TSM current value: $374.67 Market: NYSE

U.S. MILITARY: NO U.S. AIRCRAFT WERE DESTROYED OR DAMAGED IN RECENT ATTEMPTED IRANIAN ATTACKS

ABC SAYS TRUMP ADMINISTRATION IS RETALIATING AGAINST NETWORK OVER ITS NEWS COVERAGE IN EARLY LICENSE REVIEW, SENDING WARNING TO ALL OTHER MEDIA COMPANIES -- FILING

GOLDMAN SACHS ASSET MANAGEMENT LAUNCHES AI INVESTING PLATFORM ALPHAAI Lou D'Ambrosio will lead AlphaAI as chairman of artificial intelligence for asset management, and Darius Adamczyk was named global head of value accelerator and portfolio operations, per an internal memo. $GS

$MSFT - MICROSOFT SHARES JUMP 15%, ON TRACK FOR BIGGEST PERCENTAGE GAIN SINCE 2008

$MSFT - *MICROSOFT SHARES JUMP 12% IN BIGGEST ONE-DAY GAIN SINCE 2020

FERRARI SEES STRONG LUCE EV DEMAND Ferrari said Middle East sales rebounded in Q2, recovering shipments lost during the Q1 conflict. Management said customer interest in the new Luce EV is strong across all regions, with orders progressing well. Ferrari also reported

HASSETT: STILL HAS CONFIDENCE IN WARSH “OF COURSE”

HASSETT: THINK WARSH’S JOB JUST GOT A BIT EASIER WITH TODAY’S INFLATION DATA

HASSETT: DON'T SEE MARKETS IN BUBBLE TERRITORY DUE TO AI

HASSETT: I AM VERY BULLISH ON FED POLICY GOING IN THE PROPER DIRECTION.

PARIS (AP) - George Clooney says his family had to evacuate their French home as wildfire burned nearby.

🚨Insider Trade Alert🚨! Chief Executive Officer MORRIS SUSAN has purchased 39,409 shares in $ACI Albertsons Companies, Inc. worth $449,937.80 $ACI current value: $12.06 Market: NYSE

IRAN'S REVOLUTIONARY GUARDS CLAIM RESPONSIBILITY FOR ATTACK ON ALI AL SALEM AIRBASE IN KUWAIT - TASNIM

RUSSIA LIKELY USED NORTH KOREAN MISSILE IN DEADLY STRIKE ON RESIDENTIAL BUILDING NEAR UKRAINE'S KRYVYI RIH, MILITARY SOURCE SAYS

US GDP +1.5% RATE IN 2Q; CONSENSUS +1.8%

*US JUNE PCE PRICE INDEX FALLS 0.1% M/M; EST. -0.1% *US JUNE PCE PRICE INDEX RISES 3.7% Y/Y; EST. +3.7% *US JUNE CORE PCE PRICE INDEX RISES 0.1% M/M; EST. +0.2% *US JUNE CORE PCE PRICE INDEX RISES 3.3% Y/Y; EST. +3.3%

*US JOBLESS CLAIMS 197,000 IN JULY 25 WEEK; EST. 200K

US JOBLESS CLAIMS ROSE TO 197,000 JUL 25 WEEK (CONSENSUS 200,000)

CHINESE EVS GAIN GROUND IN ARGENTINA Chinese EV makers are rapidly expanding in Argentina as President Javier Milei's tariff-free import policy boosts sales despite closer ties with the US. BYD has become a top-10 car brand less than a year after entering the market, while

HORMUZ BOTTLENECK PERSISTS Crude exports from the Middle East Gulf remain constrained despite a four-day pause in US strikes on Iran, according to Kpler. Vessel clearances stayed near recent lows, while Gulf loading activity fell by more than half. Kpler said security risks,

RUSSIA ADDS TELEGRAM FOUNDER PAVEL DUROV TO TERRORIST LIST

*GERMAN JULY CPI RISES TO 2.8% Y/Y VS 2.7% EST *GERMAN JULY CPI INCREASES 0.8% M/M VS 0.7% EST *GERMANY'S EU-HARMONISED CPI HOLDS AT 2.8% Y/Y, MATCHES EST *GERMANY'S EU-HARMONISED CPI RISES 0.9% M/M VS 0.8% EST

THOUSANDS OF MIGRANTS CROSSING INTO SPAIN'S NORTH AFRICAN ENCLAVE OF CEUTA BY FOOT, NEWS AGENCY EFE REPORTS

BOE HOLDS RATES, HAWKISH SPLIT The Bank of England kept its key rate unchanged at 3.75% in a 6-3 vote, with three policymakers backing a hike and none supporting a cut. The BOE expects inflation to peak at 3.2% in Q4 before returning to target in early 2028, while warning it

FERRARI BEATS ESTIMATES, MAINTAINS FY OUTLOOK Results Net Profit: €463M vs. €429M est. ✅ Revenue: €1.94B vs. €1.87B est. ✅ Adj. EBITDA: €755M vs. €729M est. ✅ Industrial FCF: €276M Shipments: 3,366 vehicles Guidance FY Adj. EBITDA: Maintained at at least €2.97B, in

IRAN CLAIMS F-35 STRIKE Iran's Revolutionary Guard claimed it destroyed three US F-35 fighter jets and damaged three more in a missile strike on Al Azraq Air Base, saying the attack was retaliation for a reported US strike on homes in Qeshm that allegedly killed three civilians.

IRAN'S IRGC SAY THEY ATTACKED AZRAQ BASE IN JORDAN - STATE MEDIA

POLISH PM TUSK: FATE OF WAR MAY BE DECIDED IN NEXT 100 DAYS

MICROSOFT $MSFT JUST REPORTED FISCAL Q4 EARNINGS • Revenue: $90.0B, beating expectations of $87.62B 🟢 • Net income: $35.8B • EPS: $4.81, including a $0.27 benefit • Intelligent Cloud revenue: $39.3B Results include a $3.2B gain from its investment in Anthropic and a $0.07

FED HOLDS RATES, HAWKISH SPLIT EMERGES The Federal Reserve left its benchmark rate unchanged at 3.50%–3.75%, saying inflation remains above its 2% target while the economy continues to expand at a solid pace. The decision passed 9–3, with Hammack, Kashkari and Logan dissenting

FED HOLDS, THREE OFFICIALS PUSH FOR HIKE The Federal Reserve kept rates unchanged at 3.50%–3.75% in a 9–3 vote. Hammack, Kashkari and Logan dissented, preferring a 25-basis-point hike. The policy statement was largely unchanged from June, but the split signals growing internal

🚨 *FED LEAVES RATE UNCHANGED

SHELL AND PHILLIPS 66 WORKING ON POTENTIAL SALE OF EXPLORER PIPELINE STAKES A deal could value the pipeline at around $3.5B, sources tell Reuters. Energy Transfer $ET and MPLX $MPLX could join the sale effort depending on the strength of interest in the Shell $SHEL and Phillips

CANADA IS WORKING TO HAVE A MORE STABLE TRADING RELATIONSHIP WITH THE U.S., INCLUDING IN CRITICAL SECTORS - PRIME MINISTER CARNEY WE'RE STARTING FROM A STRONG POSITION IN TALKS WITH THE U.S, SAYS CARNEY

FTC SUES HIMS & HERS $HIMS OVER DATA SHARING, BILLING PRACTICES The suit, filed with Los Angeles County and Utah, alleges the telehealth platform shared users' sensitive health information with advertisers including Meta $META and Snap $SNAP through website tracking technologies

U.S. STOCKS EXTEND FALL, S&P 500 DOWN 1.00 PCT

A US-OWNED AND OPERATED, MARSHALL ISLANDS-FLAGGED LNG FLOATING STORAGE FACILITY WAS STRUCK BY AT LEAST ONE UNMANNED AERIAL VEHICLE (UAV) WHILST AT THE DAMIETTA, EGYPT - AMBREY

BOFA CLIENTS KEEP BUYING THE DIP Bank of America clients remained aggressive buyers of U.S. equities last week, extending their buying streak to four consecutive weeks, even as the S&P 500 slipped 0.6%. Institutional investors led the move, posting their largest weekly net

ELON MUSK SETTLES LONG-RUNNING LEGAL BATTLE WITH X ADVERTISERS - FT

IRAQ'S SECURITY COUNCIL DIRECTS FOREIGN MINISTRY TO PURSUE LEGAL ACTION OVER U.S., SAUDI STRIKES- PM OFFICE

FERRARI HITS 2026 SALES TARGET FOR CONTROVERSIAL LUCE EV WITHIN TWO MONTHS - FT

*FAUCI TO INVOKE FIFTH AT GOP-LED COVID HEARING

*FAUCI TO PLEAD FIFTH AT SENATE HEARING

FED DECISION: JPM'S MARKET PLAYBOOK JPMorgan expects the Fed to hold rates, despite markets pricing a sizable chance of a surprise hike. Its base case is a hawkish hold (50%), leaving the S&P 500 roughly flat to down 0.5%. A dovish hold could lift stocks up to 1%, while a 25bp

*VICE PRESIDENT VANCE MET WITH NETANYAHU TUESDAY *DEFENSE SECRETARY HEGSETH TO MEET NETANYAHU TODAY

$UAL - TRUMP, UNITED AIRLINES CEO KIRBY TO UNVEIL $22 BILLION PLAN TO EXPAND, IMPROVE WASHINGTON DULLES AIRPORT - SOURCES

TRUMP: 'WE'LL HIT THEM HARD' President Trump vowed a forceful response after U.S. forces intercepted an Iranian missile attack in Jordan, saying, "We're going to beat the effing S out of them" and "We'll be hitting them hard." He also said overnight U.S.-Saudi strikes on

S. KOREA TO CAP RETAIL EXPOSURE TO LEVERAGED ETF INVESTMENT

S.KOREA FINMIN: TO MAINTAIN 24-HOUR STOCK MARKET MONITORING SYSTEM

*SOUTH KOREA FINANCE MINISTRY TO STABILIZE STOCK MARKET *SOUTH KOREA FINANCE MINISTRY TO RESTRICT LEVERAGED ETF TRADING

TRUMP TO FOX: WE'LL BE HITTING IRAN HARD

TRUMP: U.S. STRIKES WILL TAKE PLACE AGAINST IRAN IN RESPONSE TO ATTACKS ON U.S. TARGETS IN JORDAN -FOX

TRUMP ON IRAN: GOING TO LET THEM KEEP TALKING -FOX INTERVIEW

CENTCOM WARNS OVER OPSEC RISKS CENTCOM chief Adm. Brad Cooper warned U.S. troops that sharing cellphone videos online could help Iran assess the success of attacks on U.S. bases in near real time. The warning follows deadly Iranian strikes in July and stresses that poor

FED PLAYBOOK: JPM'S S&P 500 SCENARIOS JPMorgan expects the Fed to hold rates, with a hawkish hold as its base case (50%), leaving the S&P 500 roughly flat to down 0.5%. A dovish hold (28%) is seen as the most bullish outcome, lifting the index up to 1%. A 25bp hike (20%) could

ZUCKERBERG PUSHES FOR FASTER AI Mark Zuckerberg urged the U.S. to accelerate AI development, arguing the technology's benefits outweigh its risks and warning against regulations that could slow innovation. The Meta CEO also opposed restricting open-source AI models, saying the

LONDON POPULATION SHRINKS London's population fell by 27,000 in 2025 to 9.1 million, marking its first decline outside the pandemic since 1988. The drop was driven by residents moving elsewhere in the UK as high housing costs and remote work made living outside the capital more

IRAN PUSHES BACK ON US TALK CLAIMS Iran says it has not sought negotiations with the U.S. over the past two weeks, rejecting President Trump's claim that Tehran wants talks. A senior Iranian official also insisted Iran will not give up control of the Strait of Hormuz, calling

ECOMMERCE MOMENTUM BUILDS Bernstein raised its U.S. eCommerce forecasts after estimating Q2 sales growth of 11%, up from 5-6% in recent quarters. The firm expects strong results from Etsy, eBay and Wayfair, while Amazon's earnings will hinge more on AWS, where investors are

📉 PRICE TARGET CUT $BE: JP Morgan PT cut to $314 from $346 $BA: RBC PT cut to $265 from $275 $LEU: JP Morgan PT cut to $178 from $236 $CHTR: JP Morgan PT cut to $150 from $200 $GLW: Citigroup PT cut to $220 from $240; JP Morgan PT cut to $170 from $200; Barclays PT cut to $129

$IQV: Baird PT raised to $287 from $252; Barclays PT raised to $275 from $210; JP Morgan PT raised to $285 from $225; Leerink Partners PT raised to $280 from $240; RBC PT raised to $247 from $221 $ITRI: JP Morgan PT raised to $117 from $112 $KLAC: Jefferies PT raised to $210 from

📈 PRICE TARGET RAISED $ABBV: Barclays PT raised to $300 from $275 $ACHC: Jefferies PT raised to $40 from $37 $ALT: Leerink Partners PT raised to $13 from $10 $AMGN: Barclays PT raised to $360 from $350 $ARWR: RBC PT raised to $100 from $87 $ABG: Jefferies PT raised to $260 from

ARAMCO REROUTES OIL TO ASIA Saudi Aramco is considering a new pricing system for crude shipped from Egypt's Sidi Kerir to Asia as Houthi attacks disrupt Red Sea routes. Asian refiners are seeking discounts to offset higher shipping costs and longer transit times around Africa.

MIDDLE EAST CONFLICT ESCALATES Fighting between Iran and the US intensified overnight as Iran launched ballistic missiles at US forces, while the US and Saudi Arabia responded with strikes on Iran-backed militias in Iraq, ending a brief diplomatic pause. Saudi Arabia said it

$F - FORD MOTOR SHARES UP 3.9% PREMARKET AFTER CO RAISES FY PROFIT OUTLOOK

OPENAI'S ROGUE AGENT ABUSED CUSTOMER ACCOUNT AT SECOND TECH COMPANY, SOURCES SAY

IRAN IS OVER REACHING WITH DEMANDS THAT OMAN, THE UNITED STATES, AND THE INTERNATIONAL COMMUNITY ARE RIGHTLY REJECTING ON STRAIT OF HORMUZ -U.S. OFFICIAL

BLOOM ENERGY $BE Q2 REVENUE SMASHES ESTIMATES AT $1.07B • Revenue: $1.065B vs $827.6M est, beat • EPS: $0.62 diluted, $0.68 basic • Operating income: $182.2M, margin 17.1% • Gross margin: 33.4%

KLA $KLAC FISCAL Q4 REVENUE BEATS, Q1 GUIDANCE ABOVE ESTIMATES • Revenue: $3.658B vs $3.598B est, beat • Net income: $1.363B • EPS: $1.04 Q1 guidance: revenue $4.0B vs $3.916B est, EPS $1.14, adjusted EPS $1.16, gross margin 61.6%. Per-share figures reflect KLA's 10-for-1

AVIS BUDGET $CAR Q2 ADJUSTED EBITDA BEATS, REVENUE MISSES • Adjusted EBITDA: $286M vs $255.5M est, beat • Revenue: $2.998B vs $3.101B est, miss • Net income: $35M

IONQ $IONQ CLEARED TO COMPLETE SKYWATER ACQUISITION Regulatory approval is in hand and the companies expect to close the deal July 31, per the announcement. SkyWater Technology trades as $SKYT.

FORD $F Q2 BEATS, RAISES FREE CASH FLOW OUTLOOK, GAAP LOSS ON EV CHARGES • Revenue: $48.30B vs $45.86B est, beat • Adjusted EPS: $0.42 vs $0.35 est, beat • Adjusted EBIT: $2.50B • Q2 net loss includes a $3.6B charge tied to the disposition of the BlueOval SK JV and $0.5B

LOGITECH $LOGI FISCAL Q1 BEATS ACROSS THE BOARD, Q2 GUIDANCE SOFT • Sales: $1.23B vs $1.204B est, beat • Adjusted EPS: $1.85 vs $1.22 est, beat • Adjusted operating income: $290M vs $198.7M est, beat • GAAP EPS: $1.63 Q2 guidance: sales $1.185B-$1.22B vs $1.231B est, below

SKYWORKS $SWKS FISCAL Q3 BEATS, ANNOUNCES $2B BUYBACK FOR COMBINED COMPANY • Revenue: $935M vs $920.3M est, beat • Adjusted EPS: $1.08 vs $1.02 est, beat • Adjusted operating income: $182M vs $172.2M est, beat • GAAP EPS: $0.22 Q4 guidance: revenue $1.01B-$1.06B vs $1.021B

QORVO $QRVO FISCAL Q1 REVENUE AND ADJUSTED EPS BEAT • Revenue: $784.8M vs $743.5M est, beat • Adjusted EPS: $1.64 vs $1.10 est, beat • GAAP EPS: $0.96 • Adjusted gross margin: 52.8%

CAESARS $CZR Q2 REVENUE EDGES PAST ESTIMATES, POSTS NET LOSS • Revenue: $3.00B vs $2.98B est, beat • Net loss: $62M

NETANYAHU: TRUMP MEETING WAS 'ONE OF THE BEST' Netanyahu said his meeting with Trump was "excellent" and "one of the best conversations" they've had, citing full partnership on preventing Iran from obtaining nuclear weapons. The talks also covered expanding the Abraham Accords,

IRANIAN FOREIGN MINISTER SAYS HE WAS ASSURED BY UKRAINIAN COUNTERPART THAT ATTACK ON IRANIAN SHIP WAS 'UNINTENTIONAL AND UKRAINE SEEKS NO ESCALATION' IRANIAN FM ARAQCHI: IRAN DOES NOT SEEK ESCALATION EITHER, BUT MADE CLEAR ANY ATTACK ON OUR CITIZENS OR INTERESTS IS UNACCEPTABLE;

TRUMP TO BAN CHINESE ROBOTS, POWER INVERTERS The Trump administration is set to ban imports of new Chinese humanoid robots, quadruped robots, and connected power inverters. The move aims to protect the U.S. AI supply chain from cybersecurity and national security risks while

TRUMP ADMINISTRATION PLANS ON TUESDAY TO ROLL OUT BANS ON FOREIGN IMPORTS OF NEW MODELS OF ROBOTS AND INVERTERS, TARGETING CHINA — U.S. OFFICIALS

*IRAN SAYS IT HASN'T SOUGHT US TALKS IN PAST 16-17 DAYS: IRIB

MUSK: GROK 4.6 RELEASES AROUND AUGUST 7 - X POST MUSK: GROK 4.7 WILL BE THE 2.1T MODEL RELEASED A FEW WEEKS LATER

NETANYAHU ARRIVES AT WHITE HOUSE FOR MEETING WITH TRUMP

MUSK'S FORTUNE PLUNGES, STILL TOPS $700B Elon Musk has lost roughly $650 billion in wealth since SpaceX's June peak as Tesla and SpaceX shares continue to slide. Despite the sharp decline, Musk remains worth more than $700 billion—around 45 times the fortune of China's CXMT

$AAPL - APPLE TOPS $5 TRILLION VALUATION Apple briefly reached a $5 trillion market capitalization in Tuesday trading, becoming only the second company after Nvidia to hit the milestone. The move reflects shifting investor confidence as Wall Street reassesses the AI race.

SPOT SILVER FALLS NEARLY 3% TO $56.73/OZ

TRUMP, ZELENSKY MEET AT WHITE HOUSE President Donald Trump and Ukrainian President Volodymyr Zelensky reportedly met at the White House on Tuesday. The meeting had not been officially confirmed, but a White House source told reporter Emily Goodin the talks began at 9:47 a.m.

U.S., IRAN REMAIN FAR APART DESPITE CEASEFIRE The U.S. and Iran continue to send conflicting signals despite the ceasefire. Trump said Iran requested talks, but Tehran denied seeking negotiations and said no U.S. talks are underway. Iran is instead holding discussions with

$SPCX - SPACEX SLUMPS NEARLY 50% FROM JUNE PEAK SpaceX fell another 5.5%, leaving the stock 47% below its June 16 high and wiping out more than $1.2 trillion in market value. The decline has been driven by AI valuation concerns, geopolitical uncertainty, and heavy short

TSMC $TSM SAYS KUMAMOTO STAFF SAFE AFTER EARTHQUAKE, OPERATIONS GRADUALLY RESUMING All personnel at the Kumamoto site are confirmed safe and structural inspections are complete, confirming the structures are safe, per the company. Detailed impact assessments are ongoing. The

WORKHORSE $WKHS PLANS ENTRY INTO MOBILE AI DATA CENTERS The EV truck maker targets 2027 for initial production and deliveries of the new product line.

🚨Political Trade Alert🚨 Rep. Adrian Smith has released a new financial disclosure. Highlights: CarterBaldwin $15k - $50k (Private executive search firm)

🚨Insider Trade Alert🚨! Insider L1 Capital Pty Ltd has purchased 5,000,000 shares in $AVR Anteris Technologies Global Corp. worth $28,750,000.00 $AVR current value: $8.17 Market: NASDAQ

$PYPL - PAYPAL CEO ON REPORTED M&A INTEREST SAYS WE DON'T COMMENT ON MARKET SPECULATION

U.S. PRIVATE HIRING SLOWS FOR FIFTH STRAIGHT WEEK ADP data showed U.S. private employers added an average of 15,000 jobs per week in the four weeks ending July 11, marking a fifth consecutive weekly slowdown. Hiring has fallen from 35,750 in early May to 15,000, signaling

BOFA: JULY FED RATE HIKE WOULD BE UNPRECEDENTED BofA expects the Fed to hold rates in July, despite markets pricing a small chance of a hike. The bank says a July increase would be unprecedented, noting the Fed has never hiked since 1994 with less than 60% odds priced in. BofA

$KLAR - APPLE LAUNCHES KLARNA DEVICE LEASING PROGRAM IN U.S. Apple launched Apple Upgrade, a new U.S. leasing program with Klarna covering iPhone, Apple Watch, Mac, and iPad. Customers can upgrade, buy, or return devices at lease-end, while Apple Card users earn 3% Daily Cash.

$AAPL - APPLE REVAMPS DEVICE FINANCING WITH NEW LEASING PROGRAM Apple launched its new Apple Upgrade leasing program in the U.S. through Klarna, offering iPhones from $17.99/month and Apple Watches from $11.99/month. The program includes 12–24 month leases for iPhone/Watch and

KRAKEN: INVESTIGATING ISSUE AFFECTING SOME CLIENTS USING THE KRAKEN APP, WHERE THE AVAILABLE EUR BALANCE FOR INSTANT BUY MAY DISPLAY AS €0

$FR: Truist Securities PT raised to $73 from $67 $FROG: BTIG PT raised to $100 from $80 $FRPT: JPMorgan PT raised to $72 from $68 $GTY: JPMorgan PT raised to $37 from $33 $HCA: Bernstein PT raised to $426 from $413 $HBAN: Truist Securities PT raised to $20 from $19 $HBT: KBW PT

📈 PRICE TARGET RAISED $AGYS: Needham PT raised to $130 from $120; Piper Sandler PT raised to $120 from $110 $AMKR: Morgan Stanley PT raised to $70 from $69 $APC: Mizuho PT raised to $22 from $20 $AMZN: BMO PT raised to $360 from $355 $BAX: Stifel PT raised to $24 from $19 $BKR:

📉 PRICE TARGET CUT $ABCB: Truist Securities PT cut to $90 from $92 $AMZN: Mizuho PT cut to $320 from $325; UBS PT cut to $305 from $333 $BLDR: BMO PT cut to $85 from $93 $BOH: Barclays PT cut to $85 from $88 $CAVA: Citigroup PT cut to $79 from $92 $CCI: Truist Securities PT cut

🔴 DOWNGRADES $ACI: UBS downgraded to Neutral; PT cut to $12 from $20 $BLFS: Stephens downgraded to Equal Weight; PT cut to $31 from $32 $CLX: Jefferies downgraded to Hold; PT cut to $98 from $125 $FMS: Exane BNP Paribas downgraded to Underperform $INSP: UBS downgraded to Sell;

MARKET MOVERS 🟢 UPGRADES $CIB: Goldman Sachs upgraded to Buy; PT raised to $98 from $81 $FLY: KeyBanc upgraded to Overweight; PT $50 $GOSS: Leerink upgraded to Outperform; PT $1 $HON: BofA Securities upgraded to Neutral; PT raised to $265 from $205 $IP: JPMorgan upgraded to

$TSLA - TESLA TO BUY POWER FROM KKR-BACKED ARIZONA SOLAR, BATTERY PLANT

OPEC+ EXPECTS TO HOLD 2026 OUTPUT STEADY AFTER SEPT: DELEGATES

$BA - BOEING MISSES EPS, REVENUE BEATS AS FCF TURNS POSITIVE Results *Adj. EPS: -$0.76 vs. -$0.30 est. ❌ *Revenue: $24.56B vs. $24.25B est. ✅ *Free Cash Flow: $631M *Backlog: $715B Operations *737 production transitioning to 47 aircraft/month. *777X: First delivery still

$PYPL - PAYPAL BEATS, RAISES FY OUTLOOK *Q2 EPS: $1.38 vs. $1.28 est. *Revenue: $8.68B vs. $8.47B est. *Payment Volume: $486.5B vs. $468.5B est. Outlook *FY adj. EPS: Raised to ~$5.38 (vs. $5.31 est.) *Q3 adj. EPS: Low-single-digit decline expected. Capital Return & Cost

$KO - COCA-COLA RAISES PROFIT OUTLOOK Coca-Cola beat Q2 expectations, reporting EPS of $0.97 vs. $0.93 expected, with global unit case volume up 5%. The company reaffirmed ~5% organic revenue growth for FY, raised its annual profit outlook, and expects 3% EPS and 1% revenue

HONDA MOTOR: SUSPENDING OPERATIONS AT KUMAMOTO MOTORCYCLE FACTORY THROUGH WEDNESDAY AFTERNOON AFTER QUAKE

BOFA: LOWER-INCOME SPENDING OUTPACES HIGHER-INCOME Bank of America says lower-income households are now posting slightly stronger card spending growth than higher-income households, ending the K-shaped spending trend. The shift was driven by stronger labor income, lower fuel

GLOBAL CHIP SELLOFF DEEPENS Chip stocks extended losses across Asia after a sharp U.S. selloff, fueled by concerns over AI spending and China's technological progress. South Korea's Kospi plunged 10%, triggering two trading halts, while Japan's Nikkei fell 4%. U.S. chip stocks

NAVITAS $NVTS Q2 GAAP LOSS $228M ON EARNOUT CHARGE, REVENUE UP 22% SEQUENTIALLY • Revenue: $10.5M vs $8.6M in Q1, down from $14.5M a year ago • GAAP net loss: $228.2M, including a $203.1M non-cash charge from the final remeasurement of earnout liabilities • Non-GAAP net loss:

F5 $FFIV FISCAL Q3 BEATS, Q4 REVENUE GUIDANCE ABOVE ESTIMATES • Revenue: $865M vs $832.5M est, beat • Adjusted EPS: $4.73 vs $4.00 est, beat • GAAP EPS: $3.62 Q4 guidance: revenue $870M-$890M vs $856.9M est, adjusted EPS $4.14-$4.26. FY guidance: revenue growth approximately

BOSTON SCIENTIFIC $BSX APPROVES GLOBAL RESTRUCTURING PLAN • Estimated pre-tax charges: $700M-$800M • Targeted annual pre-tax expense reduction: $500M • Headcount reductions expected, plan runs through end of 2029 The board approved the 2026 plan on July 21, per an SEC

AMKOR $AMKR POSTS RECORD Q2 REVENUE OF $1.9B, UP 26% • Net sales: $1.898B, +26% YoY, a Q2 record • EPS: $0.70 vs $0.22 a year ago • Net income: $174M, operating income $200M • Gross margin: 16.8% vs 12.0% a year ago • EBITDA: $400M Q3 guidance: net sales $1.95B-$2.05B,

RYANAIR AND AWS EXTEND AGREEMENT FOR ANOTHER FIVE YEARS Ryanair $RYAAY and Amazon $AMZN Web Services renewed their cloud deal, per the company.

CADENCE $CDNS Q2 REVENUE AND ADJUSTED EPS BEAT • Revenue: $1.584B vs $1.577B est, beat • Adjusted EPS: $2.11 vs $2.05 est, beat • GAAP EPS: $1.33

SANMINA $SANM FISCAL Q3 REVENUE AND ADJUSTED EPS BEAT • Revenue: $3.46B vs $3.40B est, beat • Adjusted EPS: $3.31 vs $2.77 est, beat • GAAP EPS: $2.12

TRUMP ON IRAN: VERY FRIENDLY TALKS ONGOING

IRAN'S TOP JOINT MILITARY COMMAND SAYS THEY WILL NOT LEAVE ANY THREAT BY U.S. UNANSWERED - MEHR NEWS AGENCY

IRAN'S TOP JOINT MILITARY COMMAND SAYS ANY U.S. ATTEMPT TO IMPLEMENT 'ILLEGAL' MARITIME BLOCKADE IS SEEN AS ESCALATION OF REGIONAL CONFLICT

*TRUMP: LET'S GET RID OF DAYLIGHT SAVINGS TIME

MACQUARIE SEES OIL GLUT ON US-IRAN DEAL Macquarie expects the oil market to swing into surplus before year-end if the U.S. and Iran de-escalate the conflict ahead of the midterm elections. The bank says easing tensions could restore Middle East oil flows within weeks, creating

JPMORGAN TURNS BULLISH ON STOCKS JPMorgan said its tactical positioning monitor is flashing a buy signal, pointing to further upside for the S&P 500. The bank expects lower bond yields, a weaker dollar, steady Fed policy, and strong earnings to support equities, while warning

BITCOIN ETF OUTFLOWS RETURN Bitcoin ETFs posted two straight days of net outflows, totaling more than $465 million, after briefly returning to inflows. Analysts said the reversal reflects cautious investor sentiment rather than heavy selling. Markets are now focused on this

BOFA BACKS ASML AFTER SELLOFF BofA Securities reiterated its Buy rating and price target on ASML, calling the recent selloff an overreaction. The bank estimates a Chinese shift to domestic DUV tools would cut next year's sales by only about €1.4 billion (2.4%). It said ASML's

U.S. CRUDE OIL FUTURES SETTLE AT $82.61/BBL, DOWN $6.70, 7.50 PCT

TRADERS DRIVE STRONG DEMAND IN FIRST WEEKEND OF CME GROUP'S 24/7 GOLD FUTURES

MORGAN STANLEY RAISES ISM FORECAST Morgan Stanley lifted its July ISM Manufacturing PMI forecast to 53.8 from 53.3, citing stronger Texas factory activity, rising production, and solid new orders. The bank said longer delivery times and higher inventories point to stronger

MACQUARIE SEES CHINA TAPPING OIL STOCKPILES Macquarie said China's state-owned refiners could begin accessing commercial oil reserves from Q3 2026, supporting refining margins and benefiting Sinopec. The firm also expects China to expand its tanker fleet to strengthen energy

GOLDMAN WARNS MACRO RISKS RISING Goldman Sachs said rising oil volatility is shifting investor focus from company earnings to broader macro risks, including inflation and higher interest rates. The bank expects the Fed to hold rates this week but said markets are pricing a more

$F - FORD JOINS ARMY TRUCK BID Ford is competing for the U.S. Army's next tactical truck contract, marking its biggest military bid in decades. The company will develop three prototype vehicles based on its F-Series Super Duty pickups, joining General Motors as the Pentagon

TRUMP PUSHES FOR LOWER FED RATES President Trump said the Federal Reserve should cut interest rates and argued the U.S. should have the world's lowest borrowing costs. He added that Fed board members are "political" and said Fed Governor Kevin Warsh would have to work with the

TRUMP ON FED: WE SHOULD HAVE WORLD'S LOWEST INTEREST RATE

TRUMP: WILL ASK RUSSIA'S PUTIN ABOUT SATELLITE IMAGERY TO IRAN

Trump: Netanyahu and I have a little difference on Iran

Trump: A lot of Patriot missiles are being built.

TRUMP: WE HAVE A LOT OF AMMUNITION

TRUMP: GOOD CHANCE SOMETHING WILL HAPPEN

TRUMP WARNS OF MILITARY ACTION President Trump said the window for negotiations is limited, warning that if talks fail, the U.S. will resume a “very powerful” military operation.

BITCOIN FACES DOWNSIDE RISK Bitcoin slipped 0.2% as Nansen warned the market has yet to confirm a durable bottom, with a retest of $52,000–$58,000 possible. The firm said this week's Federal Reserve decision and Strategy's second-quarter earnings could be key catalysts for

ASML, BESI RESUME TRADING DOWN 7.4-8%

*IRAN MP KHAZRIAN SAYS OMAN CANNOT OPEN HORMUZ *IRAN MP KHAZRIAN SAYS HORMUZ REQUIRES IRAN COORDINATION

ALTMAN TO BRIEF U.S. OFFICIALS OpenAI CEO Sam Altman is expected to meet with Trump administration officials, senators, and economists this week to showcase upcoming AI models, CNBC reported. Altman is also expected to discuss cybersecurity and OpenAI's approach to open-weight

*ASML SHARES SUSPENDED AFTER 8% DROP

RUSSIAN DEFENCE MINISTRY: RUSSIAN FORCES HIT FACILITES IN UKRAINE'S PORT OF ODESA - IFX

NASDAQ AND S&P 500 ERASE GAINS; NASDAQ DOWN 0.5%, S&P 500 DOWN 0.1%

*ASML FALLS 6.4% TO DAY'S LOW ON REPORT CHINA STARTS DUV OUTPUT

$SPCX - SPACEX SHARES HIT ALL-TIME LOW, LAST DOWN 3.9% AT $110.6

S&P 500 BANKS INDEX HITS RECORD HIGH, LAST UP 1.3%

GOLDMAN SEES GAS PRICE RISKS Goldman Sachs maintained its Q3 2026 TTF gas forecast at €60/MWh but said risks remain skewed to the upside. If U.S.-Iran talks succeed, prices could fall below €50/MWh. However, if Middle East energy exports recover only gradually through 2027,

CHIP STOCKS DROP ON CHINA DUV REPORT ASML and U.S. chip equipment stocks fell after a report said a state-backed Chinese firm has begun mass-producing domestic DUV lithography machines. Investors fear the breakthrough could reduce China's reliance on ASML and other Western

HORMUZ TRAFFIC STAYS ON IRAN ROUTE Nearly all merchant ships crossing the Strait of Hormuz continue using Iran's designated route, with none taking the U.S.-backed southern corridor, according to maritime intelligence firms. Transit volumes remain low, while Iran has warned it

AIRLINES JUMP AS OIL PLUNGES U.S. airline stocks rallied after crude oil prices fell more than 7%, boosting expectations for lower fuel costs. JetBlue surged 6.5%, while United and Alaska Air gained 4% each, American Airlines rose 3.7%, Delta added 3.5%, and Southwest climbed

U.S. STOCKS EXTEND GAINS, DOW JONES UP 1.08%

SNB DECLINES TO COMMENT ON MEDIA REPORT THAT IT EXPECTS TO KEEP INTEREST RATE AT ZERO UNTIL END OF 2027

BITCOIN RISES AS TENSIONS EASE Bitcoin gained 0.5% as risk sentiment improved after President Trump delayed a major escalation against Iran, raising hopes for renewed diplomacy. Investors are also watching progress on the U.S. Clarity Act, while Strategy reported no new Bitcoin

TRUMP PUSHES TO END FILIBUSTER President Trump said the first party to abolish the Senate filibuster will "survive and thrive," urging Republicans to act before Democrats. He warned that if Democrats eliminate the rule first, it would have severe consequences for the United

$MSTR - STRATEGY LAUNCHES STRC BUYBACK Strategy launched an ongoing STRC share repurchase program, buying back 288,930 shares for $25 million at an average price of $86.52 per share. The company also said its USD reserve increased to $3.75 billion.

🚨Political Trade Alert🚨 Rep. Jared Moskowitz has released a new financial disclosure. Highlights: $SPCX SpaceX $1k - $15k $META Meta $2k - $30k $MSFT Microsoft $3k - $45k $AMAT Applied Materials $3k - $45k $HCA Healthcare Inc $2k - $30k

$SPCX - MORGAN STANLEY SEES STARSHIP MILESTONE Morgan Stanley said SpaceX's Starship Flight 13 boosted confidence despite an imperfect booster landing, highlighting successful Starlink V3 deployment, an in-space engine relight, and its softest splashdown yet. The firm said a

🚨Political Trade Alert🚨 Rep. Robert Latta has released a new financial disclosure. Highlights: $FMAO Farmers & Merchants Bancorp $1k - $15k

🚨Political Trade Alert🚨 Rep. Sam Liccardo has released a new financial disclosure. Highlights: Sold: $NVDA Nvidia $15k - $50k

TRUMP URGES FILIBUSTER END President Trump urged Senate Majority Leader John Thune to keep the Senate in session until Republicans pass the Save America Act or abolish the filibuster. Trump said ending the filibuster would allow Republicans to quickly pass their agenda,

CHINA STARTS MASS-PRODUCING HOMEGROWN DUV CHIPMAKING TOOLS, AN ADVANCE FOR LOCAL CHIP INDUSTRY - THE INFORMATION

$NVDA - *NVIDIA MAKES INVESTMENT IN SAFE SUPERINTELLIGENCE; NO TERMS

SNB EXPECTS TO KEEP INTEREST RATE AT ZERO UNTIL END OF 2027

$AMZN - AMAZON: LEO WILL PARTNER WITH MOBILE NETWORK OPERATORS TO EXTEND MOBILE CONNECTIVITY SERVICES GLOBALLY, WITH SATELLITE DEPLOYMENT BEGINNING IN 2028

$AMZN - AMAZON LEO HAS PROPOSED NEW CONSTELLATION OF UP TO 5,105 SATELLITES TO CONNECT COMPATIBLE MOBILE DEVICES DIRECTLY FROM SPACE

$TSLA - *DEUTSCHE BANK CUTS TESLA PRICE TARGET TO $420 *DEUTSCHE BANK MAINTAINS BUY RATING ON TESLA *ANALYST EDISON YU LOWERS TESLA TARGET FROM $465

SAUDI FOREIGN MINISTRY SAYS IT RESERVES THE RIGHT TO RESPOND, AFTER ATTACK FROM IRAQ ARMED GROUPS ALLIED WITH IRAN - STATEMENT

PORSCHE: AGREES SOCIALLY RESPONSIBLE REDUCTION OF AN ADDITIONAL 5,000 POSITIONS BY 2035

US SETS 20% TARIFF CAP ON CHINA China says the US agreed during trade talks to cap replacement tariffs on Chinese goods at 20%. Current tariffs stand at 12.5%, leaving room for further increases. Beijing warned it will respond to any new US measures, while urging Washington to

OIL RISKS AREN'T OVER Oil prices fell over 5% after the Trump administration paused plans to intensify strikes on Iran. But analysts warn the selloff may be premature. Shipping through the Strait of Hormuz remains heavily disrupted, Houthi attacks threaten Red Sea routes, and

SAUDI AIR DEFENCES INTERCEPTED AND DESTROYED DRONES COMING FROM IRAQ - DEFENCE MINISTRY STATEMENT

IRAN: U.S. WON’T DICTATE WAR OR PEACE Iran says it is not holding peace talks with the U.S. and will "never allow" Washington to determine the timing of war or peace. Tehran says it will defend its interests as long as necessary and insists the current pause in fighting is not

$MSTR - STRATEGY SELLS STOCK, PAUSES BITCOIN BUYING $MSTR raised $544.5 million by selling 5.4 million shares through its ATM program last week. The company did not buy any Bitcoin, keeping its holdings at 843,775 BTC. Strategy also repurchased $25 million of its STRC

IRAN REDIRECTS SHIPS IN HORMUZ Iran says it redirected several vessels it claims attempted an "illegal and unsafe" passage through the Strait of Hormuz after allegedly switching off their tracking systems. State media reported one vessel suffered an unspecified incident, while

CHINA PUSHES BACK ON U.S. TARIFFS China has rejected U.S. tariffs tied to forced labor allegations, calling on Washington to remove the measures. Beijing said it remains open to trade talks based on mutual respect and equality, but warned it will closely monitor U.S. actions

U.S. FACES CRITICAL MINERALS SHORTAGE President Trump aims to end U.S. reliance on Chinese critical minerals by January 2027, but industry leaders warn domestic supply is nowhere near ready. Despite billions in government support, the U.S. still lacks enough mining and

INVESTORS WARNED OF STAGFLATION RISKS CG Asset Management says investors should prepare for a low-growth, high-inflation environment after the U.S. imposed new tariffs on 60 trading partners, including the EU and China. The firm warns the tariffs, combined with energy market

KREMLIN DECLINES TO COMMENT ON ZELENSKIY ASSERTION THAT MOSCOW IS PREPARING TO RECEIVE 30,000 NORTH KOREAN TROOPS IN RUSSIA'S VORONEZH REGION

NETANYAHU TO TRAVEL TO WASHINGTON MONDAY AT INVITATION OF TRUMP: AXIOS NETANYAHU TO MEET TRUMP AT WHITE HOUSE ON TUESDAY: AXIOS NETANYAHU TO ATTEND FUNERAL CEREMONY FOR SENATOR LINDSEY GRAHAM: AXIOS

*IRAN REJECTS US CEASE-FIRE DEAL PRESENTED BY IRAQI LEADER: NYT

PENTAGON SIGNS $7B ORACLE AGREEMENT The Defense Department says the deal with Oracle $ORCL will accelerate the "Arsenal of Freedom," per the Pentagon announcement.

NVIDIA PREPAYS AMKOR IN $1.5B ADVANCED PACKAGING PARTNERSHIP Amkor Technology $AMKR announced a multi-year agreement with Nvidia $NVDA to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms. Nvidia will prepay

AMC ENTERTAINMENT HOLDINGS INC CEO ADAM M. ARON 2025 TOTAL COMPENSATION $14.98 MLN - SEC FILING $AMC

US SETS NEW 10%-12.5% TARIFFS AS GLOBAL 10% PENALTY EXPIRES

RINGCENTRAL $RNG Q2 REVENUE AND ADJUSTED EPS BEAT - Revenue: $657.0M vs $650.5M est, beat - Adjusted EPS: $1.22 vs $1.16 est, beat - GAAP EPS: $0.45 - Net income: $39.1M, income from operations $50.3M FY guidance: revenue $2.635B-$2.646B, adjusted EPS $4.96-$5.10. Q3 guidance:

SAP Q2 ADJUSTED EBIT MISSES ESTIMATES - Adjusted EBIT: €2,743M vs €2,880M est, miss - EBIT: €2,643M, margin 26.8% - Cloud revenue: €6,281M - Adjusted free cash flow: €3,002M $SAP trades US-listed as an ADR.

SUMMIT THERAPEUTICS $SMMT Q2 NET LOSS $215.7M - EPS: -$0.28 - Net loss: $215.7M - Operating expenses: $220.5M

APPFOLIO $APPF Q2 REVENUE TOPS ESTIMATES - Revenue: $281.1M vs $277.2M est, beat - Net income: $41.5M FY guidance: revenue $1.117B-$1.127B vs $1.120B est, midpoint in line.

INTEL $INTC Q2 BEATS ACROSS THE BOARD, Q3 GUIDANCE ABOVE ESTIMATES - Revenue: $16.13B vs $14.42B est, beat - Adjusted EPS: $0.42 vs $0.21 est, beat - Non-GAAP gross margin: 41.8% vs 38.76% est, beat Q3 guidance: revenue $15.8B-$16.8B vs $15.10B est, adjusted EPS $0.38 vs $0.27