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Former NY Fed chief economist Hodge suggests the Fed under Waller will likely hold rates steady, prioritizing price stability as it gauges whether external inflationary pressures are truly receding. This indicates a cautious, wait-and-see approach in the near term.
Read MoreThe official price of Oman crude oil for September delivery is reported at $76.36 per barrel, according to the Omani National News Agency. This benchmark price provides key insights into Middle Eastern oil market trends and Asian pricing dynamics.
Read MoreAlibaba is consolidating multiple AI agent products into a unified enterprise productivity solution led by Chen Yusen. Existing services will transition seamlessly without impacting user benefits.
Read MoreTether has invested $20 million in Argentina's digital banking platform Ualá, marking a strategic move to expand its footprint across Latin America and bridge the gap between digital assets and mainstream financial services.
Read MoreIraq and Syria plan to restore a long-abandoned cross-border oil pipeline, transporting crude from northern Iraq to Syria's Mediterranean port to bypass the Strait of Hormuz. The 800km project requires extensive repairs and is estimated to take 2-3 years.
Read MoreFollowing a drone collision with a tanker, Iraq has suspended all crude oil loadings at its export terminals, industry sources confirm. The halt has completely stopped the country's oil exports, raising concerns over global supply disruptions. No timeline for resumption has been given.
Read MoreInvestment firm Bernstein has raised its price target for ASML, the leading semiconductor lithography equipment maker, from €2300 to €2500. This upward revision underscores strong analyst confidence in the company's dominant market position and future growth prospects within the critical chip manufacturing supply chain.
Read MoreBaidu's Wenku and Netdisk are upgrading GenFlow into a standalone AI platform targeting finance, education, and professional sectors. The revamped version will initially focus on delivering customized solutions for finance, with internal testing starting late July.
Read MoreThe Binance Alpha airdrop claim and trading opens today at 19:00 (UTC+8). Users need a minimum of 250 Alpha points to participate on a first-come, first-served basis until the pool is depleted. Token details are subject to official announcements.
Read MoreJPMorgan's report highlights a server market boom driven by enterprise AI inference needs, with sharply raised shipment forecasts. Conversely, rising memory costs are suppressing PC demand, forcing price hikes and expected shipment declines. Supply chain constraints persist across components.
Read MoreU.S. memory chip stocks extended losses in premarket trading, with SK Hynix leading the decline at 6%. Major players like Western Digital and Seagate also fell over 3%. Concerns over supply-demand imbalances, inventory pressures, and macroeconomic headwinds are driving the selloff.
Read MoreTCL Tech has confirmed its participation as a strategic investor in ChangXin Tech's IPO, investing approximately 158 million yuan for 18.24 million shares. This move highlights TCL's strategic expansion into the semiconductor supply chain.
Read MoreAn official from South Korea's Financial Supervisory Service clarified that policy measures announced on Thursday are not targeted at overseas securities firms. The statement aims to dispel market misunderstandings and emphasizes the focus is on overall market stability and investor protection.
Read MoreThe Trump administration has secured an additional $100 billion semiconductor manufacturing investment quota for TSMC, bringing its total US commitment to $265 billion. This move, confirmed by the US Commerce Department, aims to bolster domestic chip production and could significantly reshape global supply chain dynamics.
Read MoreAs of July 16, Shanghai has registered 4 new generative AI services, bringing the total to 200. This reflects the city's progress in standardizing AI industry development and strengthening regulatory frameworks.
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