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Iran's official news agency reported loud explosions in the port city of Bandar Abbas late on July 8. The incident occurred near the strategic Strait of Hormuz, a critical global oil shipping route. Details on the cause and damage remain unconfirmed, drawing international attention to regional security.
Read MoreThe U.S. military has launched new strikes against targets in Iran, according to American officials. Iran reported attacks on a port in Hormozgan province, with casualties, and explosions in a southern city, signaling a major escalation in regional tensions.
Read MoreIran accuses the U.S. military of a missile strike on a port in Hormozgan province on July 9, killing two fishermen and injuring two others. The incident heightens regional tensions, with no immediate response from U.S. authorities.
Read MoreRick Rieder, BlackRock's CIO of Global Fixed Income, disclosed that the firm has reduced and repositioned its exposure to companies directly tied to AI. This strategic adjustment highlights a cautious approach toward valuation risks and portfolio balance during the current market enthusiasm.
Read MorePakistan's Foreign Ministry expressed deep concern over escalating US-Iran tensions, warning that further conflict serves no one's interests. It urged all parties to exercise restraint, prioritize diplomatic dialogue, honor existing commitments, and work towards regional stability. Pakistan reaffirmed its readiness to play a constructive role.
Read MoreOn July 9, U.S. Vice President Vance issued a stern warning to Iran, demanding it halt attacks on commercial vessels. He stated that failure to comply would result in continued American military action, similar to recent operations.
Read MoreThe June Fed minutes indicate sustained US economic growth in Q2. The expansion of AI is powerfully driving real investment spending in data centers, high-tech equipment, and software, emerging as a key growth engine.
Read MoreIran's Foreign Ministry accuses the US of violating a bilateral memorandum by challenging Strait of Hormuz security provisions and conducting "aggressive attacks," asserting the deal was built on "commitment for commitment" rather than mutual trust. Iran vows to defend its sovereign interests.
Read MoreFederal Reserve officials raised their inflation projections for 2023 and 2024, citing concerns that prolonged above-target price growth could destabilize expectations and influence wage-setting behavior. The minutes indicate core inflation is likely to remain elevated through year-end.
Read MoreThe Fed's June meeting minutes reveal heightened concerns over inflation, shifting the policy focus from "when to cut rates" to "whether to hike." Stubborn core price pressures have dampened market expectations for easing, with some officials eyeing potentially higher rates by year-end.
Read MoreThe latest Fed minutes highlight the Middle East conflict as a major driver of global inflation, pushing up energy and producer prices. In response, central banks like the ECB have raised rates, with most signaling further tightening is needed to prevent secondary inflationary effects, despite weak growth outlooks.
Read MoreThe Fed's June meeting minutes reveal a sharp policy split. Some officials see room for rate cuts if inflation eases, while others warn hikes may still be needed. Future moves will depend entirely on incoming economic data.
Read MoreIran's Foreign Ministry spokesperson stated that the country's memorandum of understanding with the U.S. is not based on trust, but on a clear "commitment-for-commitment" mechanism. This highlights the pragmatic, procedural nature of current bilateral interactions.
Read MoreOpenAI introduces GPT-Live, a next-gen voice model using full-duplex architecture for simultaneous listening and speaking. With GPT-Live-1 and GPT-Live-1 mini versions launching, it aims to enhance real-time interaction for ChatGPT's massive weekly user base.
Read MoreThe US 10-year Treasury note auction on July 9 yielded 4.580%, the highest level since February 2025. Strong bidding demand, with an elevated bid-to-cover ratio, suggests robust market appetite despite rising yields, highlighting shifting investor sentiment.
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