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At the NATO summit in Ankara, President Trump publicly criticized allies for their response to U.S. military actions against Iran, stating he was "very disappointed." His remarks highlight deepening rifts within the alliance over burden-sharing and strategic coordination.
Read MoreSpaceX's AI initiative is reportedly preparing to launch a new AI model as early as this Wednesday, July 10th. The model will be released through the Cursor developer platform, marking a significant move in the company's expansion into artificial intelligence.
Read MoreMarket pricing indicates a 73.3% probability the Fed holds rates steady in July, with a 26.7% chance of a 25-bps hike. Expectations for September are more divided, reflecting ongoing uncertainty about the policy path ahead.
Read MoreA new Bitcoin-backed loan product has launched, featuring a key innovation: the removal of price-triggered forced liquidation. Borrowers can access USD loans while retaining their Bitcoin holdings, even during severe market downturns, as long as repayments are made on schedule.
Read MoreKraken's parent company Payward wins a $22 million arbitration award against former auditor Mazars USA. The dispute arose when Mazars abruptly withdrew from a near-complete audit in 2022 without negative findings, causing reputational and financial harm. The ruling marks a significant legal counterpunch for the crypto industry amid regulatory pressure.
Read MoreIranian sources reported six explosions near a village close to Qeshm Island in the early hours of July 8. Separately, seven explosions were heard in a village in the southern Sirik region. The cause and details remain unclear, drawing attention to regional security.
Read MoreIsraeli Prime Minister Benjamin Netanyahu has reiterated opposition to US F-35 fighter jet sales to Turkey, warning it would disrupt Middle East strategic balance. He cited Turkey's expansionist ambitions and revealed prior communications with Washington to block Ankara's return to the program, while expressing skepticism about diplomatic efforts to curb Iran's nuclear plans.
Read MoreU.S. Central Command forces have launched strikes against Iran in response to Iranian attacks on three civilian-operated commercial ships in the Strait of Hormuz. The U.S. condemned Iran's actions as unjustified, dangerous, and a violation of agreements, aiming to safeguard the critical international waterway.
Read MoreAI leader Anthropic is planning a major expansion in New York City, aiming to double its local workforce to around 1,000 employees. The company has secured a 16-floor lease in Hudson Square, Manhattan, for its new headquarters, with relocation set to begin in summer 2026.
Read MoreTiger Securities has upgraded Coinbase from 'Hold' to 'Buy' with a $200 price target. The firm suggests the worst of Bitcoin's bear market may be over, and a new crypto cycle could emerge, driven by improving liquidity, growing institutional demand, and a more favorable risk environment.
Read MoreCrypto exchange Kraken is seeking a European banking license through Lithuania, which would make it the first major crypto platform with such authorization. This move aligns with its recent global compliance efforts, including U.S. payment system access and UAE regulatory approval.
Read MoreThe US Dollar Index rose 0.17% to close at 101.023, marking a steady recovery in recent trading. This subtle uptick reflects shifting market sentiment amid evolving US economic indicators and monetary policy expectations, offering insights into near-term forex trends.
Read MoreJPMorgan cautions that the market underestimates significant hurdles for a potential Tesla-SpaceX merger, including regulatory approvals, governance conflicts, and market perception. The most likely structure would be an all-stock acquisition led by SpaceX.
Read MoreThe U.S. Treasury revoked a key general license authorizing Iran's oil sales, with a wind-down period until July 17, triggering an immediate rise in oil prices. The U.S. condemned recent Iranian actions in the Strait of Hormuz as "unacceptable" but stated negotiations continue. This move reverses a 60-day authorization issued in June, signaling a major tightening of sanctions.
Read MoreMajor US stock indices closed lower on July 8th, led by significant declines in technology and semiconductor stocks. The Nasdaq fell over 1%, while the Philadelphia Semiconductor Index plunged nearly 5%, with Intel dropping more than 9%.
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