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7/29
08:33
Two rival artificial intelligence (AI) super PACs are reportedly backing the same congressman. This development highlights the AI industry's increasing efforts to influence elections, mirroring strategies previously seen in the crypto sector.
08:30
Seagate (STX) stock shook off concerns related to the AI rally, reporting a significant earnings beat.
08:23
Former Kansas City Federal Reserve President Esther George expects the Federal Reserve to hold interest rates steady at today's meeting. However, she remains concerned about the duration of elevated inflation in the U.S. economy.
08:23
Oil prices rallied after the US announced it intercepted an Iranian attack on military bases, signaling an end to the pause in fighting. Meanwhile, US equity futures wavered as investors awaited the Federal Reserve's upcoming rate decision and key earnings reports from major tech companies including Microsoft, Meta, and Qualcomm. The tech sector is also watching SK Hynix, which signaled a sharp increase in capital spending.
08:21
S&P 500 and Nasdaq futures turned negative following comments made by Donald Trump regarding Iran.
08:20
BNY Mellon, the world's largest custodian, is moving its core transfer agency business onto blockchain rails, targeting the $8.6 trillion market. The financial services giant, which services $8.6 trillion in assets across 7.6 million accounts in this business, aims to create a single record of ownership for tokenized funds, reducing the need for multiple intermediaries. While BNY Mellon will maintain its existing traditional system, it is adding a digital ownership record as Wall Street builds infrastructure for tokenized funds. Baillie Gifford will utilize this service for the first fully native U.K.-regulated tokenized fund, with BlackRock and Dreyfus also expected to use it for planned funds.
08:20
Emirates, the UAE-based airline, has enabled eligible residents in the UAE to pay for flights using Crypto.com. Bookings for this service are priced and settled in dirhams.
08:18
Former U.S. President Donald Trump stated that the U.S. will conduct strikes against Iran in response to recent attacks on U.S. targets in Jordan, according to Fox.
08:18
Claudia Sahm, chief economist at New Century Advisors, said that Federal Reserve Chair Warsh’s lack of transparency regarding the Fed’s policy approach has led to market uncertainty about the Fed’s interest rate decisions and further exacerbated market volatility.
08:12
The latest data from the U.S. Department of Agriculture (USDA) shows that the condition of the U.S. corn crop has deteriorated sharply due to extreme heat and drought. The percentage of corn currently rated “good” or “excellent” has fallen to 63%, down 4 percentage points from a week ago—the largest single-week decline in nearly three years. This situation has driven up corn futures prices and intensified market concerns about a resurgence of food inflation. The Bloomberg Agriculture Spot Index recently hit a three-year high, and Bank of America has also warned of the risk of another round of grocery inflation. However, weather forecasts indicate that conditions in the U.S. Corn Belt are expected to improve later this week.
08:12
Allied Gold Corp. said that China's Zijin Gold International Co. has terminated the agreement to acquire the company. Zijin Gold will instead invest approximately $295 million in the Africa-focused gold miner.
08:09
Amazon (Amazon) will report its second-quarter earnings after the market closes this Thursday. The market expects investors to focus on the growth of its cloud computing division, Amazon Web Services (AWS), as well as the company’s capital expenditure plans in the field of artificial intelligence (AI). Earlier, Alphabet, the parent company of Google, saw its stock price fall after raising its AI investment forecast.Analysts expect Amazon to report second-quarter earnings per share of $1.82 and revenue of $196.9 billion, with AWS revenue projected to reach $40.5 billion, a 31% increase year-over-year.
08:09
Shares of U.S. consumer goods giant Procter & Gamble (P&G) fell 2.5% in early trading after the company reported lackluster quarterly results and issued a weak outlook for the new fiscal year. P&G expects organic sales growth of 1% to 3% for the new fiscal year, while analysts had previously forecast 2.44%. Although P&G Chief Financial Officer Andre Schulten said consumer conditions were “stable,” the company faces challenges including high inflation, consumer spending caution, and raw material inflation, which is expected to have a $1 billion after-tax impact. The company’s latest quarterly net sales totaled $21.2 billion, with organic sales growth at 0%, both of which fell short of market expectations.
08:08
Fintech company Sofi reported its second-quarter 2026 earnings and revenue, both surpassing analyst estimates. Despite the positive results, the company's stock declined.
08:05
On the eve of Apple CEO Tim Cook’s final earnings call, the company’s market capitalization surpassed $5 trillion for the first time, overtaking NVIDIA to become the world’s most valuable company.Cook will step down as CEO on September 1 to become executive chairman, with John Ternus, head of hardware, taking over as CEO. During the call, Cook will need to address issues such as memory shortages, rising device prices due to chip supply constraints, and the company’s lag in the field of artificial intelligence (AI).Apple has recently raised prices on some iPad and Mac models by at least $100 due to memory shortages, and analysts expect iPhone prices to rise this year as well. Additionally, on July 10, Apple filed a lawsuit against its former AI partner OpenAI, alleging the theft of trade secrets, but OpenAI has denied the allegations.The company has also recently adjusted its cash policy, which may free up more funds for AI investments.

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