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7/30
08:33
The Dow Jones Industrial Average rose as investors awaited key inflation data. Meanwhile, Meta Platforms' stock plunged following its earnings report.
08:33
The U.S. economy grew at an annualized rate of 1.5% in the second quarter, falling short of the consensus estimate of 1.8%.
08:32
The US June Core Personal Consumption Expenditures (PCE) Price Index rose 0.1% month-over-month, which was below the estimated 0.2% increase. The June PCE Price Index fell 0.1% month-over-month, matching estimates. On a year-over-year basis, the June PCE Price Index rose 3.7%, in line with estimates, while the Core PCE Price Index also rose 3.3% year-over-year, matching expectations.
08:24
Goldman Sachs Traders say the U.S. stock market lacks the momentum needed to make a meaningful breakout. Over the past two months, investors have been unable to find clear signals to break the deadlock in the U.S. stock market.
08:20
According to Bernstein’s analysis, the partnership between crypto mining firm Core Scientific and chipmaker AMD is expected to generate $14 billion in revenue over the next 15 years. The analysis notes that AMD will support Core Scientific’s “neocloud” leasing service and holds warrants for 30 million shares of Core Scientific (CORZ).
08:17
The global equity fund managed by Ranmore Funds' CIO has delivered a 150% return over five years, despite holding few U.S. stocks. The CIO currently expresses reservations about U.S. valuations but is beginning to find opportunities in the beaten-down software sector.
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.

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