CA
NZ
UK
AU
IND
US
• Apple raised the monthly price of Apple TV to $14.99, or $119 per year, up from its previous price of $12.99 per month or $99 annually.
• The Treasury Department moved to revoke the UAE branch of an Egyptian bank's access to US financial institutions over alleged ties to Iran's shadow banking network.
• Goldman Sachs estimates Gulf states are currently exporting between 15 million and 16 million barrels of oil per day, more than 60% of pre-war export levels.
• The S&P 500 fell 0.3% on Friday and theNasdaqComposite dropped 0.5%, weighed down by losses in semiconductor stocks, though both indexes remained on pace for modest weekly gains.
• Odds of a September Fed rate hike surged following Kevin Warsh's Jackson Hole speech, with prediction market traders now viewing the decision as close to a coin flip.
• The dollar's share of global foreign exchange reserves rose slightly to 57% at the start of this year, though the long-term trend has shown a steady decline from around 72% at the turn of the century.
• Global issuance of zero-interest convertible bonds has reached $72 billion so far this year, on pace to surpass the previous full-year record of $73 billion set in 2025.
KLA Corporation (NASDAQ: KLAC), a key semiconductor process control and inspection equipment maker, declined more than 30% over the month, swept up in the sector-wide July selloff after a strong first-half run.
• President Trump signaled he could sanction Chinese banks even as preparations continued for President Xi Jinping's upcoming visit to Washington.
• Despite launching a sweeping sanctions campaign against Iran, the US has so far avoided directly targeting major Chinese banks, which analysts say reflects the limits of Washington's financial leverage.
Please wait processing your request...