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7/31
06:55
ExxonMobil and Chevron reported a surge in second-quarter profits on Friday, driven by rising oil prices attributed to the Iran war. Chevron's net income soared to $12 billion, a nearly 400% increase year-over-year, while ExxonMobil posted profits of $14.5 billion, doubling compared to the same period last year. U.S. crude oil futures averaged $92.45 per barrel from April through June, marking a 27% increase over the previous quarter. Chevron's U.S. production reached a record 2 million barrels per day, with global production up 20% to 4 million bpd, as exports surged due to supply disruptions in the Middle East.
06:53
RBC analyst Calvasina states that recent volatility in U.S. stocks is creating a "valuation opportunity" for investors. He adds that it is normal for equities to face challenges during Federal Reserve policy transitions.
06:50
Bernstein has maintained its $160 price target for Robinhood, projecting a 78% upside for the company. The firm believes that the expansion of Robinhood's crypto business, driven by tokenization and prediction markets, will be key to its future growth.
06:46
Analysis indicates that South Korea's benchmark Kospi Index has become the world's most volatile stock index, with its volatility topping 60% this year. This figure is almost double that of Japan's Nikkei 225 and even surpasses the notoriously unstable cryptocurrency Bitcoin. Despite the high volatility, investing in the South Korean stock market has yielded significant returns this year.
06:41
Hong Kong's Market Misconduct Tribunal (MMT) has found Sir Dickson Poon culpable of insider dealing, which occurred ahead of the disclosure of a HK$1.15 billion corporate windfall.
06:34
ExxonMobil reported Q2 adjusted earnings per share of $3.52 and adjusted earnings of $14.68 billion, both missing analyst estimates. The company's total production remained strong at 4.514 million boepd, with Permian production reaching a record of over 1.8 million boepd. ExxonMobil also announced a Q3 dividend of $1.03 per share.
06:32
Starting July 31, South Korean financial authorities tightened trading rules for single-stock leveraged ETFs, raising the initial margin requirement for individual investors from 10 million won to 30 million won and eliminating the option to use securities as margin collateral. On the first day the new rules took effect, the combined trading volume of 16 single-stock leveraged and inverse ETFs fell to 3.3071 trillion won, a sharp 75.3% decline from the previous trading day.

Meanwhile, South Korea’s KOSPI index rose sharply on the same day, triggering the market stabilization mechanism, with leading semiconductor stocks such as Samsung Electronics and SK Hynix leading the gains. However, market analysts generally believe that the KOSPI’s rise was not directly driven by the new regulations, but was primarily influenced by shifts in global capital flows, overseas investors covering short positions, and a correction of previously excessive pessimism. Some retail investors complained that the timing of the regulators’ decision to raise trading thresholds coincided with the market rebound, causing them to miss out on the opportunity to participate in the rally.
06:30
Bain Capital-controlled Dhoot Transmission Ltd. is reportedly planning to launch a $325 million initial public offering (IPO) in India next month, according to people familiar with the matter.
06:03
Foreign investors shunned Nigerian stocks this year, choosing to focus on fixed-income assets, missing out on a 66% rally that made the market the world’s best performer.
06:00
BCH (Bitcoin Cash) has recorded a trading volume of $1.42 million over the past hour, which is 10.1 times the average for the same time period over the past 7 days; it is currently trading at $205.800.
05:55
Bybit, a leading cryptocurrency exchange, has announced the launch of Regeneron Pharmaceuticals (REGN) perpetual contracts. Trading for these contracts is now open, with leverage of up to 20x available. REGN is the ticker symbol for Regeneron Pharmaceuticals, a U.S. biopharmaceutical company.
05:55
Bybit has announced the launch of AMGNUSDT perpetual contracts, which are now open for trading with up to 25x leverage.
05:55
The cryptocurrency exchange Bybit has launched GILD/USDT perpetual contracts, supporting up to 25x leverage.
05:55
Crypto exchange Bybit has listed the JPMUSDT Perpetual Contract, which is now open for trading with up to 25x leverage.
05:54
Bybit has announced the listing of the GEUSDT Perpetual Contract, which is now open for trading with up to 25x leverage.
05:54
The cryptocurrency exchange Bybit announced the launch of UNHUSDT perpetual contracts, which are now open for trading with up to 25x leverage.
05:38
The U.S. dollar is on track for its worst week in three months, largely due to growing market concerns about whether the Federal Reserve can effectively curb inflation.
05:37
Senate Democrats have proposed the establishment of an anti-corruption bureau. This development coincides with increased scrutiny of Donald Trump's crypto portfolio, following recent financial disclosures that revealed he made hundreds of millions of dollars in crypto-related income.
05:34
The Iranian military announced Friday that it had used drones to strike U.S. military facilities at the Ahmed Jaber Air Base in Kuwait, targeting hangars and satellite communication systems. Iran said the move was in retaliation for U.S. airstrikes the previous day on multiple locations in Iran, including Qeshm Island. The previous U.S. airstrikes killed three people on Qeshm Island and struck targets belonging to the Islamic Revolutionary Guard Corps (IRGC).
05:34
The Wall Street Journal suggests the U.S. should rethink its long-standing policy of favoring lower taxes on profits and investment. The publication argues that taxing capital instead of labor could be a solution to job losses caused by artificial intelligence.

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