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7/30
08:16
Chinese electric vehicle (EV) manufacturers are rapidly expanding their presence in Argentina, driven by President Javier Milei's tariff-free import policy. BYD, for instance, has become a top-10 car brand in Argentina less than a year after entering the market. This surge has led to Chinese EV imports reaching a five-year high, helping to reduce car prices and reshape the local auto market.
08:14
Big oil companies are generating significant profits amidst the market turmoil caused by the Iran War. Market dislocations have created lucrative opportunities for firms capable of sourcing, transporting, and processing energy across various markets.
08:12
Chipotle (CMG) CEO Scott Boatwright said the company has made progress in addressing customers’ primary complaint about high food prices. He noted that the second-quarter affordability score was the best it has been in recent years. Chipotle has enhanced perceived value by expanding its high-protein menu, introducing lower-priced cup meals, and offering digital promotions. The company’s second-quarter revenue rose 9.3% to $3.35 billion, exceeding expectations, while comparable restaurant sales increased by 2.2%. Management raised its full-year comparable sales growth forecast, and the stock rose 8% in early trading on Thursday.
08:12
Dow Jones stock index futures rose. This followed a market decline and a surge in oil prices. The market is closely watching the upcoming earnings reports from Microsoft, and Meta Platforms.
08:11
Sphere Entertainment's stock price rose after the company reported second-quarter revenue that exceeded market expectations.
08:11
Crude exports from the Middle East Gulf remain constrained, despite a four-day pause in US strikes on Iran, according to data analytics firm Kpler. Vessel clearances stayed near recent lows, and Gulf loading activity fell by more than half. Kpler attributed the ongoing restrictions to security risks, higher war-risk insurance, and Iranian interdictions, noting that ship-to-ship transfers are easing storage but not boosting supply.
08:11
A newly created wallet (bc1qwz) withdrew 1,250 BTC, valued at approximately $80.94 million, from the Binance exchange.
08:10
Braveheart Bio Inc., a clinical-stage biopharmaceutical company backed by a16z, is seeking to raise up to $318.8 million through an initial public offering (IPO). This move will make it part of the growing wave of biotech companies going public.
08:05
Russia has added Pavel Durov, the founder of the messaging application Telegram, to its list of terrorists.
08:03
Germany's Consumer Price Index (CPI) for July rose above expectations, with the national CPI increasing to 2.8% year-over-year, exceeding the estimated 2.7%. Month-over-month, the national CPI rose 0.8%, also higher than the 0.7% estimate. The EU-harmonised CPI (HICP) held at 2.8% year-over-year, matching estimates, but increased 0.9% month-over-month, surpassing the 0.8% forecast.
07:53
Samsung SDS, an IT services company under South Korea’s Samsung Group, is in discussions with Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, regarding stablecoin infrastructure. The two parties are also exploring artificial intelligence (AI)-based payment models.
07:43
Wealth management clients, including high-net-worth individuals, are increasingly turning to AI chatbots like Claude and ChatGPT for portfolio recommendations and tax advice, according to industry leaders. Matthew Fleissig, CEO of US-based Pathstone ($185 billion AUM), stated that ChatGPT is currently the largest investment advisor globally. Clients use AI for second opinions, to formulate questions for their advisors, and to evaluate firms, a trend observed by Northern Trust and WE Family Offices over the past 5-18 months. While this can make client meetings more efficient, experts warn of risks such as inaccurate advice, factual errors, and personal information leakage. The trend is prompting wealth advisories to justify their fees more rigorously, with Morningstar noting a pullback in wealth management stocks as AI encroaches on the industry.
07:33
Starbucks U.S. announced its financial results for the third quarter of fiscal year 2026 on July 29, local time. During the period, the company reported net revenue of $9.32 billion, exceeding market expectations of $9.16 billion; net income attributable to the parent company reached $1.05 billion, representing a significant year-over-year increase. The financial report shows that the international business improved profit margins through a transition to a franchise model, while the North American market maintained same-store sales growth through enhanced operational efficiency and sales of high-margin cold beverages. As a result, Starbucks has raised its full-year FY2026 operating margin forecast and earnings per share (EPS) guidance range.
07:27
BTIG strategist Jonathan Krinsky warns that a potential rebound in high-flying momentum stocks, following a recent historic crash on Wall Street, could be a trap. Krinsky suggests such a bounce might precede another selloff.
07:21
CoinDesk reports that net inflows into Bitcoin spot ETFs in July are on track to hit a record low, totaling just $205 million so far. Previously, these ETFs recorded net outflows of $2.43 billion and $4.52 billion in May and June, respectively.In contrast, the Ethereum ETF attracted $342.85 million in net inflows in July, outperforming theBitcoin, and other crypto funds. The XRP and Solana ETFs also recorded inflows of $13.61 million and $13.82 million, respectively. Analysts believe these figures indicate limited interest in cryptocurrencies among institutional investors.
07:21
South Korean Deputy Prime Minister Koo Yun-cheol confirmed to lawmakers that South Korea plans to tax cryptocurrency gains starting January 1, 2027. Under the plan, the portion of annual cryptocurrency gains exceeding 2.5 million won (approximately $1,740) will be subject to a maximum combined tax rate of 22%. This move indicates that the South Korean government does not intend to postpone the implementation of this measure for a fourth time. Currently, a bill aimed at repealing the tax is still under consideration in the National Assembly.
07:04
The Bank of England decided to keep its key interest rate unchanged at 3.75%. The vote was 6 to 3, with three policymakers supporting a rate hike and none supporting a cut, reflecting internal hawkish divisions. The Bank of England expects inflation to peak at 3.2% in the fourth quarter and return to the target level in early 2028, but warned that inflation could rise to 4.5% if oil prices remain above $100 per barrel. Policymakers indicated that interest rate cuts remain a possibility in the future if inflation risks subside.
07:02
Ferrari reported a Q2 net profit of €463 million and revenue of €1.94 billion, both exceeding analyst estimates. The luxury carmaker also maintained its full-year adjusted EBITDA guidance at a minimum of €2.97 billion, in line with expectations.

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