Economy
Elliott Investment Management urges Northern Star Resources to overhaul board
The activist investor has named six nominees following stalled talks with the Australian gold miner.
Iranians use installment payments for food as inflation rises
Rising costs and currency depreciation are forcing citizens to rely on deferred payments and gold sales.
Cisco shares face volatility following record earnings and strong guidance
The networking firm reported record revenue and profit driven by data center demand.
Maersk Q2 profit exceeds forecasts as company raises outlook
The container shipping group anticipates continued market volatility amid ongoing disruptions.
Authorities seize 37 tons of counterfeit cosmetics and detergents in Ankara
An investigation into a warehouse and workplace in the GİMAT Toptancılar Sitesi led to the seizure of goods valued at 27 million Turkish Lira.
Eli Lilly sues six companies over alleged illegal sales of retatrutide
The pharmaceutical company is targeting pharmacies and peptide vendors selling the unapproved obesity drug.
Nebius Stock Surges After Beating Revenue Estimates
Nebius shares rose more than 15% in premarket trading after the company beat quarterly revenue estimates.
Paramount Studios mulls move out of California amid merger antitrust suits
CEO David Ellison reportedly weighs relocation to Republican-led states as regulators challenge the Warner Bros. deal.
Bitcoin tops $65,000 as US inflation data looms
The largest cryptocurrency posted weekly gains while investors await key inflation reports and watch developments in the Strait of Hormuz.
Fed's Collins backs September rate hike if inflation stays high
Boston Fed chief highlights struggles of poorer Americans as energy prices bite
Austal receives $1.2B offer for US operations from Hanwha unit
The Australian shipbuilder said the deal could fetch up to $1.2 billion for its US business, which sells ships to the US Navy and Coast Guard.
Tencent's Earnings Rise, WorkBuddy Sparks AI Turnaround Hopes
The Chinese internet giant reports rising earnings while its AI assistant shows early promise in catching up with rivals.
Gold Consolidates Near $4,320 as Analysts Weigh Bullish Continuation vs. Correction
After a 7.2% weekly gain, XAU/USD faces key support and resistance levels, with traders awaiting confirmation for the next move.
European gas prices jump 8% on Strait of Hormuz uncertainty
Benchmark TTF futures approached $70 per megawatt-hour as Iran and Oman failed to reach a final agreement on reopening the strait.
Gold Steadies Near $4,400 as Traders Await US Inflation Data for Fed Rate Clues
Geopolitical tensions and Middle East diplomacy keep bullion supported while markets focus on key US inflation figures for near-term direction.
IEA Sees Wider Oil Supply Deficit Despite Demand Hit From Conflict
The agency warns of a 1.8 million barrel per day shortfall this quarter, slashes demand forecasts as the Strait of Hormuz remains closed.
Economists forecast $4.9 billion current account deficit for Turkey in June 2026
Survey results show wide range of projections for Turkey's balance of payments components.
Japan posts first current account deficit in 17 months
Higher dividend payments and rising oil import costs contributed to the June deficit.
US offers up to $400 million to Australian scandium miner Sunrise Energy Metals
The financing aims to develop the world's first primary scandium mine for defense and AI technology applications.
Turkey's household air conditioner count and electricity use to double by 2035
The Turkish Ministry of Energy and Natural Resources projects a 100% increase in household air conditioners, driving electricity consumption to over 12,000 GWh.
EIA Cuts Texas Power Forecast After Data Center Pause
US agency lowers 2027 growth estimate to 6% following governor's construction halt.
Belgium drought threatens 50% potato yield loss
Extreme heat and dry weather disrupt crop growth, reduce milk production, and force livestock culling across the country.
BIST 100 opens down amid inflation concerns and Fed hawkishness
Mining index leads declines as investors monitor inflationary pressures and key economic data releases.
Sionna Therapeutics stock plunges 92% after trial failure
The company’s experimental cystic fibrosis pill showed no added benefit over Vertex Pharmaceuticals’ Trikafta, ending its development as an add-on therapy.
FOMO drives Wall Street rally as traders chase gains
S&P 500 surges 5.8% in four days, breaking a narrow trading range as investors fear missing the rebound.
Covestro declares force majeure on Rhine low-water levels
Extreme water levels force first companies to cut production as industry representatives describe a crisis.
Sinopec converts Shanghai gas station to EV-only hub with BYD’s 1,500 kW chargers
China’s largest fuel retailer and the automaker launch their first joint charging hub, targeting charging without heavy grid upgrades
Yen Underperforms G-10 Peers as Intervention Boost Fades
The currency has lost nearly half its post-intervention gains amid concerns over central bank coordination.
Jefferies Downgrades Apple, Citing Product Delays
Analyst cuts price target and cancels all-glass iPhone design amid rising memory costs and AI concerns.
Tenax Therapeutics stock plunges 84% after failing to achieve primary efficacy goal
Phase 3 LEVEL study failed to achieve its primary efficacy goal for heart failure drug, sending shares to $2