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Economy

Markets

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Solar eclipse drives German electricity prices above 460 euros

Spot market rates spiked during the evening peak as solar generation dropped, though grid operators confirmed supply remained stable.

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Nvidia to mobilize up to $500 billion with asset managers

The chip company is partnering with major investment funds to finance GPU buyers and accelerate AI infrastructure construction.

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Intel expands stock offering to $20 billion amid AI investment push

The chipmaker upsized its share sale due to high demand, with proceeds slated for foundry expansion and general corporate purposes.

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Japan conducts record $40 billion single-day yen-buying intervention

Ministry of Finance data shows April operations surpassed previous records during period of thin market liquidity

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Beşiktaş is the only Borsa İstanbul sports company with positive returns in 2026

While the Borsa İstanbul sports index declined by 10.5%, other major clubs saw share losses.

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European gas prices fall as diplomatic shifts ease market tension

Lower TTF prices follow developments in US-Iran relations, but storage levels and Qatari supply remain concerns.

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Gold prices rise to $4,264 ahead of US NFP report

Treasury yields climb and market pricing suggests potential Federal Reserve rate hikes

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Fresnillo reports 11.4% drop in first-half silver production

Production decline at the world's largest primary silver producer is driven by agreement terminations and declining ore grades

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Japan's Topix index poised for major overhaul

More than 600 companies may be removed as new eligibility rules target bottom-ranking market caps.

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Honeywell Aerospace shares plunge 21% on lowered outlook

Supply chain bottlenecks prevent the newly independent company from converting high demand into sales.

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EPAM Systems shares drop following revenue forecast cut

The software services provider lowered its annual growth outlook due to slowing demand.

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Gold hits seven-week high as US dollar weakens and Hormuz talks advance

Prices surged amid declining bond yields, falling oil prices, and expectations of a diplomatic breakthrough in the Iran-Oman talks.

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Violent crypto 'wrench attacks' see $30 million stolen in first half of 2026

France emerges as a primary target following alleged data breaches involving tax records

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Intesa Sanpaolo triples staked Ether ETF position while cutting Bitcoin ETF shares

The Turin-based banking group increased its ETHB holdings amid shifts in crypto-linked assets.

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Prudential shares fall on report of Chinese tax on offshore insurance returns

New tax levies on Hong Kong insurance policies trigger selloffs across the insurance sector

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German Bundestag petition against crypto tax plans succeeds

A successful petition challenges proposed flat-rate taxation on cryptocurrency profits.

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Galaxy Digital shares fall after second-quarter financial results

Revenue for the quarter missed analyst forecasts as the company reported an $85 million net loss.

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Arthur Hayes: AI credit expansion could drive Bitcoin past $1 million

The former BitMEX CEO compares the current AI boom to the 2008 credit cycle.

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Silver prices rise as ounce price surpasses 60 dollars

Rising metal prices follow gold trends amid shifting expectations for US Federal Reserve interest rate policies.

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Mitsubishi UBE Cement Corp. to plan Tokyo listing for December

The company was established five years ago following the merger of Japanese materials units.

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US stock markets rally as S&P 500 hits new all-time high

Surge driven by potential Iran negotiations, strong earnings estimates, and tech sector gains

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Australian stocks reach record high amid economic signals and Iran hopes

The ASX 200 hit a record high as mining sector gains and domestic economic indicators supported the rally.

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German DAX reaches record high of 26,202 points

Market gains are driven by corporate earnings and hopes for a diplomatic resolution in the Middle East.

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Tyson Foods lowers fiscal 2026 forecast, stock slips

The meat producer reduced its adjusted operating income outlook and reported weak beef segment results, while naming a new CEO.

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S&P 500 hits record high, oil prices decline

US stocks reached new peaks on Tuesday as corporate earnings impressed, while Brent crude prices fell.

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BNY partners with Galaxy to add crypto staking to custody platform

The collaboration aims to integrate staking, reporting, and tax services for institutional clients.

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Texas Governor mandates audit of data centers seeking grid connection

A moratorium on new projects aims to protect grid stability as electricity requests surge

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BitGo to replace LayerZero with Chainlink for WBTC cross-chain services

The move contributes to a $14.6 billion migration of funds toward Chainlink's CCIP infrastructure.

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Bank of Estonia releases second batch of Sipsik commemorative coin cards

The collector's items mark the 65th anniversary of the Estonian children's literature character

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El Nino impacts agricultural markets as wheat prices hit highest levels since May 2024

Weather events, climate conditions, and geopolitical tensions drive up costs for several key commodities.