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The latest US ADP employment report indicates a slight dip in private sector job additions. This data offers fresh insights into labor market health, potentially influencing market expectations for Federal Reserve policy.
Read MoreBank of America analysis indicates the probability of a July Fed rate hike remains below 60%. Historically, since 1994, the Fed has never hiked when market-implied probability was under 60%. The bank sees steady rates as the base case, citing rising oil prices as an inflation risk and maintains a bullish dollar outlook.
Read MoreOn July 28, US stock index futures showed mixed performance. While Dow futures rose and S&P 500 edged up, Nasdaq 100 futures dropped 0.72%, highlighting diverging market views on the tech sector.
Read MoreAmazon Web Services has entered into a multi-year, $4.1 billion strategic collaboration agreement with AI company Recursive. This massive investment aims to accelerate joint development in AI infrastructure, model innovation, and enterprise solutions, significantly strengthening AWS's position in the competitive cloud AI landscape.
Read MoreLuno, a cryptocurrency exchange under Digital Currency Group, is cutting approximately 20% of its global workforce as part of a restructuring plan. CEO James Lanigan confirmed the move aims to refocus on B2B services and adapt to market conditions, without disclosing exact numbers.
Read MoreDespite reporting a 17% year-over-year increase in core sales to $4.74 billion and a 30% rise in core EPS to $0.78 for Q2, Corning's stock plunged over 15% in pre-market trading on July 28th, signaling deep investor concerns about its future outlook.
Read MoreSouth Korea's semiconductor stocks plunged sharply, with Samsung and SK Hynix hitting multi-year lows. Market analysts link the sell-off to ChangXin Tech's recent IPO, raising concerns that the Chinese firm's fundraising could disrupt the long-standing dominance of global memory chip leaders and reshape the industry landscape.
Read MoreIntel shares dropped over 5% in pre-market trading, triggering market attention. This article analyzes potential causes behind the sudden decline, examines key factors affecting short-term performance, and provides professional insights for investors monitoring semiconductor sector volatility.
Read MoreU.S. storage stocks extended losses in premarket trading on July 28. Micron and Seagate fell over 6%, while Western Digital and SanDisk plunged more than 7%. SK Hynix ADR dropped over 5%, signaling broad sector weakness.
Read MoreDecentralized exchange aggregator 1inch has launched the Aqua shared liquidity protocol. Its key innovation allows users to support multiple liquidity pools with a single token balance, keeping assets self-custodied until settlement via atomic transactions, significantly boosting capital efficiency and security.
Read MoreAMD has entered a strategic infrastructure partnership with Core Scientific, securing access to over 500 MW of U.S. computing capacity, scalable to 2.5 GW. The deal includes market-priced warrants for Core Scientific stock, strengthening AMD's position in high-performance computing infrastructure.
Read MoreSaudi Aramco has shut down its 400,000 barrels-per-day Jazan refinery following an attack, according to IIR. The company aims to complete repairs and restart operations by August 15th, a move that could impact regional supply and global oil markets.
Read MoreThe US Dollar Index (DXY) surged to a one-month high of 101.640, driven by heightened risk aversion, shifting Fed policy expectations, and relative weakness in major counterpart currencies. This breakout suggests strengthening near-term momentum for the dollar.
Read MoreThe attacker behind the Across Protocol exploit has returned 331.8 ETH, worth approximately $623,900, to the protocol's multi-signature address. This partial refund follows a prior attack on Solana that resulted in roughly $3.6 million in losses. The move highlights potential pressure or negotiation in such security incidents.
Read MoreKenya has cut the minimum paid-up capital for stablecoin issuers by 40% to $2.32 million, aiming to attract global players. However, strict rules on 1:1 reserves and client fund segregation remain, signaling a balanced approach to fostering innovation while ensuring financial stability.
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