Economy
Stock Futures Decline Ahead of Corporate Earnings Reports
Futures fell in early trading, with market attention focused on upcoming earnings releases.
Stablecoin Balance Coin Crashes 99% After Reported Exploit
The price collapse follows reports of an exploit ranging from $915,000 to $1 million, with blockchain security firms pointing to an attack on the governing DAO.
JD Wetherspoon expects annual profit below market expectations
The pub chain has issued its fourth profit warning this year, citing cost pressures and weak sales.
UK government to restore £2 bus fare cap in England
The cap, backed by £454m in funding, aims to ease cost-of-living pressures from January, though some regions already have lower fares.
UK Inflation Falls to 2.6% in June 2024
The annual figure dropped, with lower fuel prices as a contributing factor.
Lynas Rare Earths Posts Record Q4 2026 Pricing, Stock Falls to Five-Month Low
The company’s shares dropped despite record pricing in the fourth quarter, with quarterly sales missing analyst expectations.
Cathay Pacific Reports Stronger First-Half Profit on Travel and Cargo Demand
The Hong Kong-based carrier attributed the increase to robust demand that helped offset higher fuel costs.
1 in 4 US workers stay in unwanted jobs for health insurance, survey finds
Approximately 24% of Americans remain in jobs they would otherwise leave in order to keep their health coverage, a phenomenon experts call 'job lock.'
Innolight Seeks Up to $7 Billion in Hong Kong Listing
The listing could be the city's largest in seven years, with orders already being taken.
Pakistan seeks $10 billion US backstop facility to boost reserves, source says
The request aims to strengthen foreign exchange reserves, according to a source familiar with the matter.
Japan's exports and imports grow at fastest pace in June since November 2022
Exports rose 19.3% and imports 25.4% year-on-year, both beating expectations.
US to Impose 25% Tariff on Most Brazilian Imports Starting July 22
The Trump administration's first tariff action after Supreme Court ruling targets Brazil amid political tensions and ongoing negotiations.
Portugal to receive over $40bn in US tech investment by 2031
The US ambassador projects a massive wave of American technology investment in Portugal over the next seven years.
Apple to launch 'Upgrade' device leasing program to spur sales, Bloomberg News reports
The program, which will include iPhones and Macs, is expected to debut next week with Klarna as a partner.
Telecom Italia loses court case against FiberCop over tariffs
A court ruling against Telecom Italia in a tariff dispute with FiberCop.
Powerlaw Corp. Approves Share Buyback Plan, Stock Rises on Report
The company authorized a buyback program reported at $43 million, with shares moving upward following the decision.
3M Beats Q2 2026 Estimates, Raises Full-Year Guidance
The industrial conglomerate exceeded analyst expectations for the second quarter and lifted its outlook for the fiscal year.
Barclays cuts Fraport stock rating on weak traffic momentum
The downgrade reflects ongoing weakness in passenger traffic, while Barclays favors Aena due to regulatory clarity.
Tether-Backed Three-Way Crypto Merger Abandoned, Jack Mallers Steps Down
A source reports power consolidation within the Tether-backed franchise following the abandoned three-way merger and CEO resignation.
Boliden Q2 2026 profit jumps as higher metal prices offset mine disruptions
Swedish mining company Boliden reported a profit increase in the second quarter of 2026, beating expectations.
IEA Monitoring Oil Markets as Mideast Hostilities Raise Supply Concerns
The International Energy Agency's vigilance reflects growing geopolitical risks that could disrupt global oil supply.
Crypto Markets Rally on Clarity Progress Report and Asian Chip-Stock Rebound
A progress report on the Clarity Act, which provides law enforcement with tools for decentralized finance, and a recovery in Asian chip stocks fueled the crypto rally.
Halliburton stock slides despite earnings beat
The oilfield services company’s stock declines even as its quarterly earnings surpass Wall Street forecasts.
Philippine Airlines signs deal for nine Airbus A350-1000 aircraft
The deal also includes purchase rights for five more aircraft.
BAWAG posts 21% rise in Q2 profit, reaffirms 2026 outlook ahead of PTSB deal
The Austrian bank beat earnings forecasts in the second quarter, but its shares fell after the earnings call as it prepares for the planned acquisition of Permanent TSB.
Marsh & McLennan stock climbs on quarterly results
The insurance brokerage's earnings and revenue exceeded analyst forecasts, fueled by its risk management business.
Hasbro raises annual forecasts on digital gaming demand boost
Strong digital gaming demand, especially from Magic: The Gathering, led Hasbro to raise its annual forecasts.
Jamie Dimon says he wouldn't buy Treasurys, cites unclear upside
JPMorgan Chase CEO also says he wouldn't buy stocks at current prices and warns markets underestimate risks.
Julius Baer H1 Profit More Than Doubles to Record High
Swiss wealth manager reports over 100% increase in first-half profit, driven by strong net new money and asset growth.
Abu Dhabi approves $6.2 billion gas project to boost UAE supply
The development of the Umm Shaif Gas Cap is part of ADNOC's plans to expand natural gas output and liquefied natural gas exports.