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The U.S. federal budget deficit reached approximately $1.4 trillion in the first nine months of FY 2026, a $35 billion increase from the same period last year. While revenue grew by 4% to $4.2 trillion, spending rose to $5.5 trillion, highlighting ongoing fiscal challenges.
Read MoreEgyptian sources report that a Hamas delegation in Cairo agreed to transfer Gaza's administrative authority and weapons to the Gaza National Administrative Committee, facilitating peacekeeping operations. This move aims to advance the second phase of the ceasefire agreement.
Read MoreA U.S. official confirmed that technical negotiations regarding Iran's nuclear program are still ongoing. This indicates diplomatic engagement continues despite public disagreements, with Washington seeking dialogue-based solutions.
Read MoreThe U.S. Dollar Index showed weakness in recent trading, closing at 100.904 with a 0.09% daily decline. This subtle shift suggests market reassessment of economic data or policy outlook, prompting close watch on whether the dollar's strength is moderating.
Read MoreUS Commerce Secretary Raimondo urges Samsung and SK Hynix to boost memory chip production in the US to address global shortages driven by AI growth. She confirmed talks with the Korean firms, stating that increased competition will strengthen America's semiconductor supply chain, despite potential concerns from domestic player Micron.
Read MoreMultiple explosions were reported overnight in several coastal cities across southern and southeastern Iran on July 9. Key ports including Bushehr and Bandar Abbas were affected. Iranian authorities have not yet clarified the cause or potential casualties. The incidents have drawn international attention as investigations continue.
Read MoreGoldman Sachs has updated its personal trading policy to prohibit employees from trading in prediction markets linked to political elections, financial market performance, or specific companies. Only sports and entertainment betting are exempted. Violations may result in termination, account closure, or forfeiture of profits.
Read MoreOn July 10, US stocks closed higher across the board, with the Nasdaq leading gains at 1.3%. Tech stocks drove the rally, while metals, storage, and hardware sectors also saw strong performance.
Read MoreThe Federal Reserve has established five independent task forces focusing on inflation, employment, and the balance sheet. Led by experts, they aim to enhance policy tools and methods, reaffirming the commitment to price stability and maximum employment. This move adjusts the Fed's internal decision-making framework amid economic complexity.
Read MoreMeta CEO Mark Zuckerberg revealed the company is considering renting out its AI computing infrastructure to external businesses, exploring a potential cloud service revenue stream. He emphasized Meta currently fully utilizes its resources but sees strategic value in this expansion.
Read MoreElon Musk publicly admitted he "obviously misjudged" AI firm Anthropic, calling it the current industry leader with unmatched models. He expects a new release soon and reaffirmed his commitment to open competition, citing Tesla's patent sharing and SpaceX's fair practices as examples.
Read MoreDallas Fed President Logan proposed that conducting open market operations through a voluntary central clearing mechanism could boost efficiency and market stability. The reform may enhance the use of existing liquidity tools like the Standing Repo Facility and help markets achieve a healthier balance between leverage and liquidity.
Read MoreOpenAI has officially launched the GPT-5.6 model series on July 10th. The release includes three tiers: the flagship Sol, the balanced Terra, and the cost-effective Luna, each with distinct pricing per million tokens for input and output.
Read MoreThe US is actively mediating between Israel and Lebanon to advance arrangements for a "pilot zone" in southern Lebanon. Plans include closed-door talks, technical follow-up, and engaging international partners to help restore Lebanese sovereignty over the area. This marks a key step in easing border tensions.
Read MoreThe Fed's overnight reverse repo facility usage jumped to $5.77 billion on July 10, up sharply from $3.347 billion the prior day. This shift highlights changing short-term liquidity needs among financial institutions and serves as a key gauge for market funding conditions.
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