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Global government bond yields have risen to multi‑year highs this week after renewed US–Iran fighting pushed Brent crude toward $90–$97 a barrel and revived inflation concerns. Investors have sold long‑dated sovereign debt from the US to the UK and Japan, forcing governments to pay higher borrowing costs and pushing mortgage and corporate funding rates up.
Oil has risen above $105 a barrel after fighting around the Strait of Hormuz and Red Sea has cut shipping routes and disrupted Gulf exports. Gasoline and wholesale natural gas prices have climbed, borrowing costs and government bond yields have jumped, and investors are watching U.S. inflation data and a likely Federal Reserve rate decision next week.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
Thales has agreed to pay €134 per Exail share, valuing the target at €3.9 billion, in a deal that includes a 44% premium to the pre-announcement price. Exail shares rose sharply ahead of the transaction.
U.S. Treasury yields have fluctuated amid hawkish signals from Fed Chair Warsh and ongoing data momentum. Investors await key jobs data and FOMC minutes to gauge policy direction.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Nearly 1 million investors have lost about $3.81 billion by late June buying Trump’s memecoin, per Nansen and Reuters analyses. Trump’s disclosure shows a $636 million crypto payout, part of at least $2.2 billion in 2025 earnings. The coin’s value is now near-zero as promoters push more blockchain ventures amid a surging crypto sector.
The latest updates show a widening gap between President Trump’s crypto push and investor outcomes. Strategy has sold Bitcoin, the Trump-backed memecoin plummets from its peak, and Trump Accounts are live but unclear in impact. Regulators and markets are reacting as billion-dollar losses mount for ordinary buyers.
Dell shares have surged after President Trump highlighted a $6.25 billion contribution from Michael and Susan Dell to the Trump Accounts program, a tax-advantaged education and wealth-building vehicle for children. The White House event featured executives from tech and finance, with bipartisan attention on the program’s potential to broaden access to capital and ownership.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
U.S. Treasury yields have inched lower as traders await the Federal Reserve’s June meeting minutes and NATO Summit discussions in Ankara. The 10-year yield sits around 4.46%, with the 2-year near 4.11% and the 30-year just under 5%. Investors are positioning ahead of key data on jobless claims and existing home sales, while foreign-policy talks add geopolitical risk to the backdrop.
Korean markets have surged on memory-chip leaders but volatility has risen as leveraged ETFs and retail buying amplify moves. Regulators are debating limits while investors eye AI-driven earnings, but concerns about valuations and risk persist.
PepsiCo has reported a mixed second quarter, with North American volumes flat or down and international markets driving overall growth. Revenue rose 6.4% to $24.18 billion, but North American beverage volumes fell 4% and per-share earnings narrowly missed expectations. The company has signaled a slower but steady recovery in North America as inflation pressures persist.
Prediction markets have seen a surge in notional volume in June as FIFA World Cup excitement sustains trading on Kalshi, Polymarket, and Rothera. International platforms report sustained high open interest and volumes, while regulators monitor market integrity amid heightened activity.
TSMC has pledged an additional $100 billion for Arizona as part of a broader push, taking total U.S. chipmaking investments to $265 billion. The company has raised its annual revenue forecast after record profits driven by AI demand, and plans to accelerate production of advanced 3-nanometer chips across the U.S., Japan and Taiwan.
IBM has reported a revenue of $17.2 billion for Q2, up 1% and below estimates, with infrastructure revenue down 7%. CEO Arvind Krishna says the shortfall reflects clients reprioritizing capex toward servers, storage, and memory ahead of price increases, while the company continues to invest in quantum and AI initiatives.
IBM has reported a disappointing second-quarter revenue of $17.2 billion, missing expectations and signaling a shift in corporate spending toward infrastructure and cybersecurity. The stock has fallen roughly 25% in a single session, threatening margins and prompting market participants to seek further downside protection.
A set of IPO filings shows a Toronto-based mineral explorer and a New Jersey sub shop chain planning public offerings. The miner aims for about C$190 million in gross proceeds with selling shareholders targeting roughly C$173 million; Jersey Mike’s plans to list on the NYSE with a potential market value near $8 billion. Reformation is also filing for an IPO, targeting roughly $1 billion.
Jersey Mike’s is preparing to list on the New York Stock Exchange after a Blackstone-led deal values the chain at about $8 billion. The S-1 shows plans for rapid expansion to roughly 7,500 U.S. stores and up to 15,000 globally, with Canada and the U.K. & Ireland targeted. The menu is positioned as protein-forward, aligning with demand for GLP-1 weight-loss drugs.
Courts have blocked Minnesota’s prediction market ban, while federal agencies push for broader regulation and states push back. The cases test federal preemption versus state gambling authority, with ongoing litigation and potential appeals shaping the future of event-contract markets.
McCormick plans a secondary London listing while retaining its primary NYSE listing after agreeing to acquire Unilever’s foods arm. The move aims to boost liquidity and capital flows amid a broader push for European listings in a quiet market.
The US has imposed new 10%–12.5% tariffs on imports from 60 trading partners, saying they have not effectively enforced bans on goods produced with forced labour. The levies replace expiring temporary duties and include product exemptions, while trading partners from Brazil to Australia have criticised the move and markets have reacted with caution.
A SpaceX Falcon 9 upper stage has struck the Moon near Einstein Crater at about 5,400 mph, carving a new crater and launching a dust plume. South Korea’s Danuri orbiter has photographed the site and released images. NASA’s Lunar Reconnaissance Orbiter is scheduled to image the impact next week while scientists begin analysing ejecta and crater formation.
The Federal Reserve has held rates steady under chair Kevin Warsh while signaling inflation remains above target. Markets are pricing in a potential rate hike later this year as dissents and communications style shape expectations.
The White House has convened a meeting with AI leaders to review a proposed cybersecurity framework for advanced models, following OpenAI's recent agent hacks and calls for greater government access. Attendees include executives from Hugging Face, Anthropic, and others; Meta and Alphabet may participate. Markets show mixed responses as investors watch the policy discussion unfold.
Public market debut of Jersey Mike’s raises about $1 billion at a $7.3 billion valuation. Blackstone introduces broad employee ownership for corporate staff, while franchisees and store workers remain ineligible. Reformation mirrors a cautious IPO environment with steady demand but muted first-day gains. The wave of private equity-backed listings shows resilience amid volatile markets.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
AstraZeneca has been linked to talks with Bristol Myers Squibb on a potential mega-merger. Reports say talks are ongoing and could form one of the industry’s largest deals, but regulatory hurdles and integration risks loom large.
Amazon and Apple diverge in earnings, with AWS leading cloud growth for Amazon and Apple forecasting slower growth due to memory chip shortages and supply constraints, signaling a split in Big Tech momentum.
Oil majors have reported bumper profits for Q2 as volatility from Iran-related tensions sustains high crude prices. Executives say they are boosting reliability and refining where needed while returning cash to shareholders. Trump has criticized profits and urged lower prices at the pump.
Oil majors have posted strong quarterly profits amid continued volatility from the Iran-U.S. conflict and the Hormuz Strait. Aramco and European peers report multi-billion results, while policymakers and markets watch for potential windfall taxes and supply routes.
Crypto firms are increasingly using AI agents to access wallets, stablecoins, and payment networks. Major players are expanding integration between AI agents and programmable money, with Circle rolling out Arc blockchain infrastructure and USDC, while traditional firms eye stablecoins as rails for machine-to-machine commerce. Market volatility remains a backdrop as institutions test these tools.
AstraZeneca has not confirmed talks with Bristol Myers Squibb on a potential $400bn mega-merger, despite earlier reports. The markets rallied and fell as investors digest the possibility, with analysis suggesting mega-deals face antitrust and integration risks. AZ’s strategy centers on accelerating U.S. presence while leveraging its strong oncology franchise.
Wall Street has committed vast capital to AI projects while US equity indexes have hit fresh records and volatility sits near year-to-date lows. Big investors have lined up roughly $500 billion to finance AI build-outs linked to Nvidia, and the heavily leveraged hedge fund Situational Awareness has lost around 67% in a month and sold much of its public book to Citadel.
The cyclospora outbreak linked to iceberg lettuce has weighed on U.S. salad chains and suppliers. Sweetgreen and Salad and Go have cut outlooks or filed for bankruptcy amid consumer fears, while Taco Bell is recovering from earlier sales shocks. Recall activity spans Mexico and 27 U.S. states, with health officials tracking the outbreak across the country.
Berkshire Hathaway has reduced its cash pile to $365.5 billion and heavily increased stock buybacks and equity purchases in Q2 under new CEO Greg Abel, signaling a shift in capital allocation while Buffett remains involved as chairman.
The United States has issued a conditional $400 million loan to Sunrise Energy Metals to develop the world’s first primary scandium mine in New South Wales, aiming to secure a domestic supply chain for a strategic mineral amid competition with China’s dominance.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
Reddit has been added to the S&P 500 ahead of trading on Aug. 18, replacing AvalonBay Communities as the index rebalances. The move comes amid Reddit’s expanding data-licensing and AI-related partnerships, which have helped drive revenue growth and position the platform as a valuable data source for tech firms and advertisers.
Meta has agreed to paid settlements in the US totaling up to $16.68-18 billion and to implement stricter controls on Facebook and Instagram, including two-hour daily limits for under-18s and nighttime blocks. The deal, which still requires court approval, marks a rare regulatory constraint on a major platform, with debates extending globally as other jurisdictions consider similar rules.
The Treasury has expanded debt buybacks and is extending short-term borrowing to manage a growing U.S. debt burden. Analysts warn the strategy addresses near-term costs but leaves the longer-term inflation and funding challenges unresolved as corporate debt rises and global buyers pull back.
U.S. markets edge lower after several sessions of gains as investors await the PCE inflation update. The latest data show persistent inflation and higher government borrowing costs, with bond yields climbing and stock indices uneven.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
U.S. stock futures point to gains as Nvidia beats estimates and forecasts strong AI-driven growth; European markets rally on momentum from Nvidia while UK indices turn modestly higher ahead of major earnings and data surprises.
SpaceX has seen its volatility ease since debut, hovering around a $140 level as investors absorb amplified capex plans and a new Louisiana launch base. Morgan Stanley argues the stock could gain from Starship expansion, while some investors remain bearish on valuation.
Apple has unveiled the iPhone Duo foldable, the iPhone 18 Pro with the A20 chip, AirPods 5 and two refreshed Apple Watch lines during a near-80-minute keynote in Cupertino. New chief executive John Ternus has led the presentation and Apple is rolling out upgraded Siri features while positioning hardware at the centre of its strategy.
US forces have carried out strikes on Iranian rocket launchers on Larak Island after they detected efforts to deploy rockets with naval mines into the Strait of Hormuz. Iran has launched missile and drone attacks at US bases in Jordan and the UAE in response. Both sides are signalling readiness to hit back again while diplomatic and economic pressure continues.
Aon is nearing a roughly $17 billion deal, including debt, to acquire USI from private-equity firm KKR. The move would expand Aon’s reach into the U.S. middle market and could be announced as soon as Monday, with regulatory approvals still pending.
Bank of England Governor Andrew Bailey has warned that frontier AI models pose a rising cyber risk to the financial system, with potential to disrupt markets across borders. In a G20 letter, Bailey calls for global steps to ensure safe model release and to bolster market infrastructure against coordinated shocks.