Finance
Markets Swing as U.S. and Iran Trade Strikes Across the Gulf; Oil Climbs Anew, Gold Slips
Iran says it hit U.S.-linked bases in Bahrain and Kuwait after fresh American strikes on Iran; crude briefly topped $80 earlier in the week, eased, then climbed again toward $79 as the Gulf strikes landed, while gold fell for a second session and equity futures swung as investors gauged the odds of a wider war.
June Employment Report Arrives Early as Fed Chair Warsh Says Inflation Is 'Too High' and Weighs a Rate Increase
The Labor Department released its June jobs data on July 2, a day ahead of the July 4 holiday, amid an unusual debate over whether the Federal Reserve will raise rates rather than cut them.
First Hawaiian Agrees to Buy California's TriCo Bancshares in All-Stock Deal Worth About $2 Billion
The combination would create a roughly $34 billion-asset bank spanning Hawaii and the U.S. West Coast, amid a wider wave of regional-bank mergers.
Prologis Presses Segro Shareholders as July 22 UK Deadline Nears on Rejected All-Stock Bid Worth About £12.6 Billion
U.S. warehouse REIT Prologis is publicly lobbying investors in Britain's Segro to force takeover talks before a binding UK Takeover Panel deadline, after Segro's board unanimously rejected the all-share approach as undervalued.
SK Hynix Rises About 13% After Record $26.5 Billion Nasdaq Debut, Extending AI Memory Rally
The South Korean memory-chip maker completed the largest U.S. IPO ever by a foreign company, drawing debate over where the money goes and what surging AI memory demand means for consumer chip prices.
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.