Finance
EU Races to Freeze Russian Oil Price Cap Before July 15 Automatic Recalculation
A scheduled six-month review would lift the G7/EU cap on Russian crude in step with an Iran-driven price spike; the EU is trying to freeze the cap instead, but its wider sanctions package is stalled.
New Fed Chair Kevin Warsh to Give First Semiannual Testimony to Congress as Inflation Runs Above Target
Warsh appears before House and Senate committees this week to explain the Fed's decision to hold interest rates steady while President Trump has publicly pressed for cuts.
Kroger Agrees to Buy Regional Grocer Giant Eagle for $1.65 Billion, Setting Up Antitrust Review
Kroger's first major acquisition attempt since its Albertsons merger collapsed would add roughly 200 stores in the Midwest and Mid-Atlantic, and faces early opposition from independent grocers and some labor leaders.
Four Largest U.S. Banks Set to Open Q2 2026 Earnings Season on July 14
JPMorgan, Bank of America, Citigroup and Wells Fargo report second-quarter results as the Federal Reserve holds rates near 3.5%–3.75% and the Trump administration eases bank rules.
UAE's e& Sells Its Entire 16.21% Vodafone Stake to Xavier Niel's Vega for $5.95 Billion
Abu Dhabi's e& exits its four-year Vodafone investment, handing French telecom billionaire Xavier Niel the position of largest shareholder, pending UK regulatory and national-security clearance.
SK Hynix Prices $26.5 Billion Nasdaq Share Sale, the Largest U.S. Listing by a Foreign Company
The South Korean memory-chip maker priced American depositary shares at $149 after orders ran about seven times the supply, in a deal watched as a gauge of investor appetite for AI-linked stocks.
U.S. Trade Office Faces July 15 Deadline on Proposed 25% Tariff on Brazilian Goods
A Section 301 decision tied to a broad U.S.-Brazil trade dispute arrives months before Brazil's October election, with President Lula and Senator Flávio Bolsonaro clashing over blame and U.S. importers watching whether coffee and beef stay exempt.
June Fed Minutes Show Officials Split on Rates; 10-Year Treasury Yield Hits Four-Week High
Records from the Federal Reserve's June meeting revealed a divided committee, with some officials favoring rate hikes as inflation ran above 4%, and the 10-year Treasury yield rising to its highest level since mid-May.
Dow Closes Above 53,000 for the First Time as Chip Stocks Rally on Foxconn's AI-Server Results and a New Broadcom-Apple Chip Deal
U.S. stocks rose Monday, July 6, after Nvidia supplier Foxconn reported about a 40% jump in quarterly sales tied to AI-server demand and Broadcom disclosed an extended chip-supply partnership with Apple through 2031; analysts remain split on whether the AI-driven rally reflects real growth or stretched valuations.
USTR Holds Public Hearing on Proposed 10%–12.5% Section 301 Tariffs Affecting 60 Trading Partners Over Forced-Labor Enforcement
The hearing is part of the administration's effort to rebuild broad tariffs on a new legal footing after the Supreme Court struck down its emergency-powers tariffs in February 2026.
Analyst Firm Reports Year-Plus Delay to Nvidia's Next-Generation 'Kyber' AI Server; Asian Supplier Stocks Fall
SemiAnalysis says Nvidia's Kyber NVL144 rack has slipped to 2028 over circuit-board manufacturing problems; Nvidia has not confirmed the report, and current-generation systems remain on schedule.
Oil Falls to Five-Month Low as Hormuz Shipping Recovers and OPEC+ Raises August Output
Crude near $68 a barrel hit its lowest since February as tanker traffic through the Strait of Hormuz rebuilt and OPEC+ approved a fifth straight monthly production increase, reviving talk of a supply surplus.