Finance
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.
Japan Says It Is Ready to Support the Yen as the Currency Nears a 40-Year Low Against the Dollar
Finance Minister Satsuki Katayama says Tokyo is in close contact with Washington and prepared to act, while analysts debate whether intervention can offset the wide U.S.-Japan interest-rate gap.
SpaceX to Join Nasdaq-100 on July 7 Under Fast-Track Rule, Prompting Automatic Buying by Index Funds
The rocket company enters the index just over three weeks after its record IPO, requiring passive funds to buy its shares while critics question the rule change and the stock's tiny public float.
Bending Spoons Rises About 40% in Nasdaq Debut After $1.68 Billion IPO Priced Above Range
The Italian software roll-up that owns AOL, Vimeo and Evernote listed at an $18.4 billion valuation; supporters call it a signal of IPO-market strength, while critics point to steep post-acquisition layoffs and price increases.
EU-U.S. Trade Deal Enters Into Force, Ending EU Duties on U.S. Industrial Goods and Capping U.S. Tariffs on Most EU Exports at 15%
The tariff terms of a framework agreement first struck in July 2025 took legal effect on July 1, 2026, after final approval by EU institutions.
U.S. Spot Bitcoin ETFs Record Their Largest Monthly Outflows Since Launch in June 2026
Investors pulled a reported $4.06–$4.5 billion from U.S. spot bitcoin funds in June — the biggest monthly withdrawal since the products debuted in 2024 — as analysts split over whether the exit signals a cyclical rotation or a deeper loss of faith.
Memory-Chip Shares Fall Sharply as Micron Drops and Selloff Reaches South Korea
Micron and its Asian rivals Samsung and SK Hynix sank this week, triggering a trading halt on South Korea's Kospi, amid profit-taking, a new price-fixing lawsuit, and questions about the durability of AI spending.