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An idled aluminum smelter in Missouri will partially restart production by year-end, adding 75,000 metric tons of annual capacity. The operator cites Trump-era import tariffs as a key factor in the decision, highlighting efforts to revive domestic manufacturing.
Read MoreJust two weeks after Wash became Fed Chair, White House adviser Hassett publicly questioned the need for rate hikes, warning it would be a macroeconomic mistake amid supply-driven growth. His remarks reveal ongoing White House scrutiny of monetary policy, highlighting underlying tensions despite Trump's earlier promises of greater autonomy for the new chair.
Read MoreOn July 2, the Dow Jones Industrial Average reached a new intraday record high, rising 0.79%. This milestone reflects growing market optimism about economic conditions.
Read MoreSenator Elizabeth Warren calls for urgent legislation to prevent former President Trump from using cryptocurrency gains for political financing. She warns that current regulatory gaps could allow digital assets to become a new channel for political funds.
Read MoreU.S. manufacturing activity expanded for a sixth consecutive month in June, though at a slightly slower pace. A key relief came from a sharp cooling in input cost inflation, with the prices index recording its largest monthly drop in nearly a year, easing pressure on the sector.
Read MoreFed Chair Walsh has invited former Bank of England Governor Mervyn King to co-lead a new communications working group, signaling a major review of how the central bank conveys policy outlook to the public and investors. King's crisis-era experience is expected to reshape Fed messaging.
Read MoreUN Secretary-General Guterres warns that uncontrolled AI development without global rules risks outcomes beyond human control. He urges immediate governance action and introduced a new UN scientific panel's first report, detailing AI's vast potential alongside its significant risks.
Read MoreThe US has opted against renewing the USMCA, choosing instead to conduct annual reviews and negotiations. While the pact remains in force for a decade, this shift introduces periodic reassessment of key rules and tariffs, creating sustained uncertainty for North American supply chains in automotive, agricultural, and energy sectors.
Read MoreSpot silver surged 4% intraday, breaking above $60.90 per ounce in a sharp rally. The dramatic move is likely driven by a combination of safe-haven demand, currency fluctuations, and industrial outlook, drawing significant market attention.
Read MoreThe London Metal Exchange is considering easing warehouse rules, including potentially reinstating outdoor aluminum storage, to enhance Hong Kong's viability as a metals hub. The move addresses limited local storage space and could reshape regional logistics.
Read MoreIn a sharp reversal on July 1st, the S&P 500 erased losses exceeding 0.6% to close in positive territory. This intraday comeback highlights volatile sentiment and offers a crucial snapshot of market dynamics for investors monitoring key support levels.
Read MorePrivacy-focused AI platform Venice AI has raised $65 million in Series A funding at a $1 billion valuation, led by Dragonfly. The company plans to invest in GPU procurement and proprietary data centers to reduce reliance on leased computing power. With over 3 million active users, Venice AI is already profitable with annualized revenue exceeding $70 million.
Read MorePresident Trump stated that indirect US-Iran talks in Qatar have made progress, aiming to transform a temporary ceasefire into lasting peace. While no specific breakthroughs were detailed, he emphasized Iran must not obtain nuclear weapons. Technical discussions continue under a 60-day negotiation framework.
Read MoreMeta's stock surged over 10%, boosting its market capitalization to $1.57 trillion. In contrast, the cloud computing sector faced heavy selling pressure, with two major providers seeing double-digit percentage declines, highlighting a sharp divergence within tech stocks.
Read MoreOn July 1, the US memory chip sector saw a broad sell-off, with major players like Micron and Western Digital falling sharply. The decline reflects growing concerns over industry demand and broader economic pressures.
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