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8/1
08:30
Chinese electric vehicle manufacturer BYD, a key competitor to Tesla, is reportedly increasing its sales. This growth is attributed to strong overseas demand and advancements in its flash charging technology.
08:25
Canadian energy producer Tourmaline Oil Corp. announced its second-quarter results, reporting C$786 million in cash flow and C$192 million in free cash flow. The company's production averaged 594,000 barrels of oil equivalent per day (BOE/day) in Q2. Tourmaline maintained its full-year production forecast of 620,000–640,000 BOE/day and its 2026 capital budget of C$2.55 billion.

Notably, Tourmaline plans a roughly one-year pause between phases of its northeastern British Columbia infrastructure project, delaying major phase-two commitments until mid-2027. The board also intends to declare a quarterly dividend of C$0.50 per share. Additionally, CFO Brian Robinson will retire on November 1, succeeded by Jamie Heard.
08:25
Turkey is said to have reached an agreement with Iraq to extend an expired oil pipeline deal by one year. This extension ensures the continued supply of oil through an exports route that bypasses the Strait of Hormuz, a critical waterway recently subject to heightened geopolitical tensions.
08:20
Vista Gold (TSE:VGZ) reported its second-quarter 2026 financial results, with the net loss widening to $3 million, up from $2.4 million in the same period last year. Despite the increased loss, the company maintains strong liquidity, holding $49.5 million in cash and no debt as of the end of the quarter, primarily due to a $42 million equity offering in March. Meanwhile, Vista Gold continues to advance permitting, technical optimization, and execution planning for its Mt Todd gold project, with the goal of commencing detailed engineering design in early 2027, followed by approximately 27 months of construction and commissioning. The company expects to secure additional permit approvals in the second half of 2026, with final approval expected to be granted in 2027.
08:18
Israel is currently weighing a Hamas-backed disarmament proposal, as Prime Minister Benjamin Netanyahu prepares to present a Trump-backed Gaza road map to his cabinet. Key questions regarding the plan's sequencing, Israeli withdrawal, and Palestinian governance remain unresolved. Concurrently, officials are monitoring the risk of renewed military action against Iran, a development that follows Netanyahu's recent meetings in Washington.
08:07
Federal Reserve Chairman Kevin Warsh is reportedly considering reducing the number of Federal Reserve policy meetings. This potential move has drawn concern from economists and market strategists, who suggest that fewer scheduled decisions could increase uncertainty and and make future policy actions more disruptive for markets.
08:04
Yahoo Finance analysis points out that of the approximately 14% yield advertised by the NEOS Nasdaq-100 High-Yield ETF (QQQI), about 98% of the distributions are classified as “return of capital” rather than income in the economic sense.This means that investors are recovering their own principal, which reduces their cost basis and defers taxes until the time of sale.The analysis also noted that as of July 28 of this year, QQQI had risen 4.94% year-to-date, while the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100 Index, had risen 9.96% over the same period, with QQQI underperforming by 5 percentage points.
07:53
OpenAI has confirmed the existence of its next-generation model family, Astra, whose core capability lies in driving the long-term collaborative operation of multiple AI agents to solve highly complex problems.According to the company’s report, Astra has successfully solved ten previously unsolved mathematical problems spanning multiple cutting-edge fields, including high-dimensional geometry and coding theory. Each problem had been pending for more than a decade, yet the computational cost of solving them all was only about $2,000.OpenAI CEO Sam Altman traveled to Washington, D.C., this week to demonstrate the Astra model to U.S. policymakers and regulators. The model is expected to be among the first pilot cases under the government’s new AI regulatory framework at Donald Trump, which requires AI companies to file with the federal government before releasing models to the public.Lijie Chen, a Tsinghua University Yao Class graduate and OpenAI employee, also confirmed that these proofs were completed by Astra. Astra will exist as a separate model category, but the specific release date and version number (GPT-6 or GPT-5.7) have not yet been determined.
07:49
Binance founder Changpeng Zhao (CZ) shared his perspective on the current market, stating that despite the possibility of being in a bear market, there remains a significant amount of capital actively seeking investment opportunities.
07:08
Binance founder Changpeng Zhao (CZ) issued a warning on X, stating that "The guy is a basically scammer" and advising users to "Stay SAFU!" (Stay Safe).
06:33
According to reports, an oil tanker was struck by an “unidentified projectile” 11 nautical miles northeast of Oman, causing damage to the engine room; another oil tanker reported an explosion in the vicinity.Meanwhile, Iran warned the United States that if it continues to block the Strait of Hormuz, Iran will close key shipping lanes, including the Strait of Hormuz.Mohammad Bagher Zolgaad, Secretary of Iran’s Supreme National Security Council, stated that the global economy, energy markets, and American voters would bear the cost of such a move. Amid this escalation of tensions, U.S. media reported that President Donald Trump is preparing to launch a new round of strikes against Iran, which could begin as early as this weekend.Affected by the situation in the Middle East, crude oil prices rose by more than 1% on Friday, with WTI crude futures closing at $84.67 per barrel and Brent crude closing at $90.12 per barrel.
06:32
Goldman Sachs Tony Pasquariello, head of hedge fund strategy, noted in his latest market commentary that while U.S. stock indices appeared calm in July (with the S&P 500 trading within a range of just 3.5%), the underlying crowded trades had suffered a severe liquidation, particularly after high-frequency trading experienced a parabolic rise.He tends to believe that this frenzy has cooled off, and the most crowded, easiest, and most leveragable trades have been forced to cool down. For example, global tech exposure experienced its largest sell-off in more than five years, and assets under management in leveraged South Korean stock ETFs fell from a June high of $53 billion to $15 billion. Goldman Sachs believes that the outlook for the U.S. stock market remains favorable, with a strong economy and robust earnings growth, but the risk-reward ratio is no longer attractive, and the upside potential for global stocks has weakened. The bull market hasn’t been ruled out, but the next phase won’t be one of “buy and hold”; short-term volatility is set to increase.
06:31
Russia has expanded its cryptocurrency mining ban to include Moscow, the Moscow Region, and parts of the Kursk Region, with restrictions set to remain in place through 2032. The move is attributed to concerns over power supply stability in these areas.
06:30
Indian Oil Corp. (IOC) purchased a record share of its crude oil from the spot market during the April-June quarter. This shift comes as the US-Iran conflict has disrupted traditional supplies from the Middle East, forcing even the region’s biggest buyers to alter their long-established procurement strategies.
06:30
Iranian media reports an explosion was heard in Eslamabad Gharb, located in western Iran. The cause and specific location of the explosion are currently unknown.
06:17
Iranian Kurdish opposition parties based in Iraq are facing a delicate balance as their bases have been heavily attacked by Iranian drones and missiles since the US-Israel strikes on Iran began on February 28. Despite suggestions from US President Donald Trump and Israel about arming these groups, most deny receiving military assistance from the US or other countries. Leaders from the Komala Party of Iranian Kurdistan reported 13 fighters killed, while the Kurdistan Freedom Party of Iran estimates its bases have been attacked over 80 times. These groups express skepticism about US intentions, believing the goal is to weaken Iranian influence rather than achieve regime change, and are under pressure from the Iraqi Kurdistan Regional Government to limit their activities.
06:06
According to average rates from the Zillow lender marketplace, US mortgage rates were mostly higher on Saturday, August 1, 2026, compared to Friday. The 30-year fixed rate increased by 10 basis points to 6.65%, and the 5/1 adjustable-rate mortgage (ARM) rose by 23 basis points to 6.65%. Meanwhile, the 15-year fixed rate saw a slight decrease of 2 basis points, settling at 6.01%.

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