Category: Top Story
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Five market events investors should watch this week
Investors face another busy week as major technology companies prepare to report earnings, central banks weigh inflation risks and geopolitical tensions continue to influence global markets. Developments surrounding artificial intelligence, the conflict in the Middle East and key economic data releases are all expected to shape investor sentiment in the days ahead. 1. Technology earnings…
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SpaceX sets new Starship launch attempt for Thursday after previous countdown abort
SpaceX (NASDAQ:SPCX) is planning to make another attempt to launch its Starship rocket on Thursday, July 23, after the previous test flight was halted moments before liftoff. The updated schedule was confirmed by the company on Sunday. Earlier, SpaceX Chief Executive Elon Musk had posted on X that the next launch would take place on…
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TSMC sees long-term AI chip demand as Arizona investment expands to $265 billion
TSMC (NYSE:TSM) expects demand for artificial intelligence chips to remain strong for years as it accelerates investment in its manufacturing operations in Arizona, although the company acknowledges labour and infrastructure challenges could affect the pace of expansion. Following stronger-than-expected second-quarter results, Chief Financial Officer Wendell Huang said the chipmaker remains confident in its long-term outlook…
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US futures edge higher as Middle East tensions, oil prices and Big Tech earnings dominate markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded modestly higher on Monday as investors balanced escalating geopolitical tensions in the Middle East against a busy week of corporate earnings led by several of America’s largest technology companies. By early morning trading, Dow Jones futures had added around 50 points, or 0.1%, while S&P 500 futures rose 0.2%. Nasdaq…
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IEA Says Global Economy Has Weeks to Prevent Hormuz Shipping Crisis
The global economy could begin feeling the effects of renewed disruption in the Strait of Hormuz within weeks, according to Fatih Birol, Executive Director of the International Energy Agency (IEA), as escalating conflict in the Middle East continues to threaten one of the world’s most important energy trade routes. The warning comes as tanker traffic…
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Crowded AI Trades Trigger Losses for Hedge Funds as Volatility Hits Market Leaders
Several hedge funds have recorded their weakest trading performance in nearly a year after being caught in heavily crowded artificial intelligence (AI) and technology trades during a period of heightened market volatility. Systematic hedge funds, also known as quant funds, have been among the hardest hit, while traditional stock-picking managers have also reduced exposure to…
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US Crude Inventories Decline by 1.7 Million Barrels as Middle East Tensions Keep Oil Markets on Edge
Crude oil inventories in the United States fell by 1.7 million barrels during the week ending July 10, according to the latest figures from the U.S. Energy Information Administration (EIA). Commercial crude stockpiles now stand at 409.7 million barrels, leaving inventories 6% below the five-year seasonal average despite ongoing uncertainty in global energy markets. The…
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Wall Street Skids to Weekly Loss as Semiconductor Selloff Deepens
U.S. stocks closed sharply lower on Friday, capping a rough week for Wall Street as a deepening selloff in semiconductor stocks combined with rising oil prices to unsettle investors. All three major indexes finished in the red, with technology and chip-related names leading the declines. What Moved Markets The Dow Jones Industrial Average fell 406.55…
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Apple Shares Offer Upside Ahead of Potential iPhone Price Increase, Says Morgan Stanley
Morgan Stanley believes Apple (NASDAQ:AAPL) is well positioned to benefit from a significant iPhone price increase expected this September, estimating that a roughly $200 increase could lift fiscal third-quarter 2026 earnings per share by between 2% and 4%, while adding around 1% to fiscal 2027 EPS forecasts. According to the bank, investors have yet to…
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12-State Legal Challenge Clouds Paramount-Warner Bros. Discovery Merger
A coalition of 12 U.S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery (NASDAQ:WBD), raising the prospect of lengthy legal delays and increased uncertainty for investors. The lawsuit, led by California’s attorney general, argues the merger would reduce competition in theatrical distribution and increase…