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The U.S. economy shows mixed signals in July. The preliminary Manufacturing PMI dipped to 53.8, missing forecasts, while the Services PMI surged to 53.6, well above expectations. This divergence pushed the Composite PMI higher, indicating a shift in growth momentum between sectors.
Read More25 US tech firms, including IBM, Meta, Nvidia, and Microsoft, have signed an open letter advocating for open AI model weights. They argue that open-source models are vital for a healthy AI ecosystem and, despite risks, may offer a more effective path to safety through global scrutiny and collaborative improvement.
Read MoreBitcoin has fallen below the key $64,000 support level, currently trading at $63,984.61 with a 24-hour drop of 1.4%. Market volatility has increased significantly. Analysts suggest the short-term correction may continue, advising investors to monitor technical indicators and macroeconomic factors while implementing risk controls like staged positions and stop-loss orders.
Read MoreA Pakistani official stated that a halt to Houthi attacks on Saudi Arabia and Gulf states is a "precondition" for reviving indirect US-Iran nuclear talks. This message has been formally conveyed to Iran, highlighting ongoing regional diplomatic efforts following recent Houthi strikes on Saudi tankers.
Read MoreBlackRock analysts highlight emerging market debt as an attractive investment opportunity, particularly in regions with high real yields like Latin America and parts of EMEA. A potential decline in energy prices could ease central bank tightening and boost risk appetite for these assets.
Read MoreOn July 24, the triple-leveraged inverse semiconductor ETF (SOXS.US) surged over 10%, highlighting intense selling pressure in the chip sector. This move signals investor sentiment shifting towards hedging or outright bearish bets against semiconductors, reflecting broader market concerns.
Read MoreUS optical communication stocks fell sharply on July 24, with Credo Technology and Coherent down over 7%. Sector-wide declines reflect concerns over demand and macroeconomic pressures.
Read MoreInstitutional crypto platform LMAX Group is exploring strategic options including a sale, SPAC merger, or IPO, with a potential valuation up to $5 billion. Its established FX business provides stability amid crypto market weakness, supported by recent expansion and a strategic investment from Ripple.
Read MoreOn July 24th, the U.S. Treasury Department imposed new sanctions on Iran, targeting a network of four individuals and nine entities. The action extends to companies based in Turkey and the UAE, aiming to disrupt Iran's access to external resources and funds, marking an escalation in financial pressure.
Read MoreBlackRock has initiated a high-grade US bond issuance linked to Meta, marking a significant move by the asset management giant in the corporate debt market. This strategic issuance highlights institutional focus on tech-adjacent fixed income and offers investors new avenues for portfolio diversification.
Read MoreThailand's SEC has filed criminal charges against Bitkub Online and two former executives, alleging they concealed a $50 million hack in 2021 by submitting false financial reports. Bitkub claims the gap was covered by founders' personal funds and no client assets were lost.
Read MoreOn July 24, a merchant ship near the Strait of Hormuz was struck by an unidentified projectile, causing a fire in the engine room. The 30 crew members issued an urgent distress call. Radio recordings reveal tense warnings from a U.S. official before the attack, highlighting escalating tensions in this vital global energy corridor.
Read MoreHyperliquid's weekly report reveals the protocol repurchased and burned 130,870 HYPE tokens via its fund over the past week, valued at approximately $7.65 million with a weighted average price of $58.45. This action permanently reduces the circulating supply.
Read MoreIran's Revolutionary Guard claims a new wave of attacks on US facilities in Jordan and Iraq, stating it destroyed a Patriot missile defense system and caused casualties. The incident marks a significant escalation in regional tensions.
Read MoreOn July 24, the EU Council announced restrictive measures against six Iranian individuals, including five judges. The move is based on the EU's longstanding human rights principles and signals heightened concern over Iran's domestic situation.
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