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On July 7th, Bank of America initiated coverage on SpaceX with a "Buy" rating and a $235 price target. This move represents significant Wall Street validation for Elon Musk's space exploration company, highlighting its commercial prospects and valuation potential.
Read MoreOn July 7th, the Dow Jones Industrial Average surged nearly 0.5%, closing at a record high for the third straight session. The rally was led by heavyweight components including 3M, Amgen, Procter & Gamble, Alphabet (Google), and Apple, underscoring robust market sentiment.
Read MoreWTI crude oil prices climbed above the key $70 per barrel level, registering a 1.64% daily gain. This article explores the supply-demand shifts, geopolitical factors, and economic signals driving the rally, offering insights into near-term market direction.
Read MoreNew York Fed President Williams stated that monetary policy is well-positioned to achieve the dual mandate. He noted solid labor market growth and expressed cautious optimism on near-term inflation, citing expected declines in energy prices.
Read MoreAhead of the NATO summit, Israel's Prime Minister publicly urged the U.S. to halt sales of F-35 jets and engines to Turkey, warning it threatens Israel's air superiority. This highlights ongoing U.S.-Turkey tensions over Ankara's purchase of Russian S-400 systems, which led to Turkey's removal from the F-35 program, complicating regional security dynamics.
Read MoreJuly 7th saw key moves in tech and finance: AI legal startup Norm raised $120M, BlackRock plans a Nasdaq 100 ETF, Amazon eyes dollar bond issuance. Nscale secured credit for AI data center expansion, Bitwise made a major token purchase, and a SpaceX data center shutdown drew attention.
Read MoreFederal Reserve official John Williams anticipates continued strong investment in artificial intelligence. He views labor market risks as balanced and holds a more positive near-term inflation outlook due to energy prices. Policy will be data-dependent, with the Fed prepared to achieve its goals.
Read MoreEDX Markets, an institutional digital asset trading platform, has raised $76 million in a Series C round led by SBI Holdings. The funds will boost trading, clearing, and settlement capabilities, accelerate product development, and drive global expansion. The company is also pursuing a regulated trust charter to expand custody and risk management services.
Read MoreA lawsuit seeks to shut down SpaceX's Colossus 2 data center over permit violations for its gas turbines. This legal action puts the company's $45 billion contract with Anthropic at risk, pending a court decision on operational compliance.
Read MoreZcash developers plan to integrate formal verification into the new Ironwood privacy pool, using mathematical proofs to eliminate the risk of undetectable counterfeiting. This move addresses theoretical vulnerabilities in prior systems, aiming to build verifiably secure privacy infrastructure.
Read MoreAn AI-powered legal startup has raised $120 million in new funding, reaching a $1.2 billion valuation. The company uniquely operates its own law firm, charging clients based on outcomes rather than billable hours, challenging traditional legal service models.
Read MoreCrypto asset manager Bitwise acquired 33,600 HYPE tokens valued at $2.4 million from market maker Wintermute, signaling a significant strategic investment that has drawn market attention to both Bitwise's moves and HYPE's potential.
Read MoreBlackRock is launching a Nasdaq-100 ETF to meet growing investor demand for tech and AI-driven market exposure. The fund begins trading Thursday, competing directly with established products like Invesco's QQQ. This move follows recent Nasdaq index rule changes aimed at faster inclusion of new listings.
Read MoreBitcoin Suisse has obtained a Financial Services Permission from Abu Dhabi's ADGM via its subsidiary. This license authorizes the firm to offer regulated digital asset services, including custody, spot trading, and derivatives execution, to qualified institutional and professional investors in the Middle East region.
Read MoreTopband announced its Cloud Storage & Charging business is entering initial commercialization, targeting rapid scaling by 2026. This flagship AI-integrated product marks its shift from component supplier to system solution provider, focusing on industrial and residential energy storage markets.
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