The Dow Jones surged above 54,000 and the S&P 500 closed at a record as optimism over a US-Iran deal to reopen the Strait of Hormuz and strong AI-linked earning

US Treasury Secretary Bessent signaled a deal to reopen the Strait of Hormuz is imminent, easing geopolitical tensions and sending oil prices lower and stocks h

The US and Iran are nearing a deal to reopen the Strait of Hormuz, with Trump saying an agreement could be reached within days, sending oil prices lower.

Lilly's Q2 revenue surged 48% driven by massive demand for its GLP-1 drugs, and CVS also beat estimates and hiked guidance while announcing a collaboration with

SpaceX stock fell after its earnings report, with investors focused on a surge in AI spending and Elon Musk's commitment to exclusively use Nvidia chips.

AMD's stock fell despite beating estimates as muted upside, margin outlook, and high expectations disappointed investors.

Elon Musk announced SpaceX will exclusively use Nvidia AI accelerators because 'they are the best,' dealing a blow to AMD's AI chip ambitions and sending Nvidia

AMD posted record revenue and doubled data center sales year-over-year, but the stock fell after capex spending ran above expectations and Musk's Nvidia commitm

South Korea's top memory chipmakers are evaluating tools from Chinese vendor AMEC to diversify supply sources amid escalating U.S. export restrictions on semico

Strong global demand for AI-driven memory chips propelled South Korea's current account surplus to an all-time high, underscoring the country's central role in

Nvidia shares extended a five-day winning streak, gaining roughly 15%, fueled by the SpaceX exclusive partnership announcement and broad AI infrastructure spend

Samsung unveiled three new memory technologies at FMS that rely on advanced wafer-bonding to target AI data center workloads, including zHBM for high-bandwidth

Oracle's massive AI infrastructure leasing commitments, totaling $260 billion, are pushing its debt risk to levels not seen since the 2008 financial crisis, wit

Oracle shares jumped as much as 9% amid a broader software rally, boosted by AI optimism and a Google partnership, though the stock remains down 28% year-to-dat

Microsoft's Azure business reached a $100 billion annual revenue run rate with 43% growth, fueling the company's biggest stock rally in 26 years.

Anthropic signed a massive $200 billion five-year spending deal with Google Cloud, underscoring the hyperscaler AI arms race.

Palantir delivered a record quarter with $1 billion in profit, while CEO Alex Karp criticized frontier AI labs as untrustworthy.

Snowflake reported strong Q1 FY2027 results, sending shares up sharply and raising the stakes for rival AI data platforms.

AMD reported strong quarterly results with data center revenue more than doubling, but investors were disappointed by the modest guidance beat given sky-high ex

SpaceX beat revenue estimates in its first public earnings, but shares dropped as investors focused on the heavy spending for Musk's AI ambitions.

Big Tech cloud giants are pouring massive capital into data centers, with AI infrastructure spending surpassing $1 trillion globally.

Infineon reported a strong revenue forecast beat driven by rising demand for power chips used in AI data centers.

Amazon's AWS chief signaled tight AI infrastructure supply for years ahead, reinforcing the scale of the AI buildout.

Anthropic struck a massive $10 billion partnership with AI cloud startup Volta, which also announced a $2.4 billion valuation.

Eli Lilly lifted its full-year revenue guidance on strong GLP-1 sales, which the company cited as the driver of sustained growth.

Novo raised its 2026 forecast yet shares dipped as oral Wegovy and CagriSema results failed to impress investors.

Lilly will let more patients apply for special access to its unapproved next-gen obesity drug retatrutide under a narrow early-access program.

Pfizer ended its trial of the ex-Metsera oral obesity asset MET-224o, attributing the halt to strategic priorities rather than technology issues, and D&D Pharma

Pfizer topped Q2 earnings expectations and raised its 2026 revenue guidance midpoint while announcing $2.5 billion in fresh cost reductions.

The FDA approved the first PROTAC-class therapy, with Arvinas licensing the product VEPPANU, a milestone for targeted protein degradation.

Treasury Secretary Bessent signaled a US-Iran deal to reopen the Strait of Hormuz could be imminent, triggering a sharp drop in oil prices and a rally in global

Houthi rebels claimed a ballistic missile strike on a Saudi oil tanker, while an India-flagged tanker reportedly carrying Saudi oil sank off Yemen, escalating R

BP, Glencore, and other energy majors posted sharply higher second-quarter profits, with BP's profit more than doubling, as the Iran conflict drove oil prices a

President Trump criticized major oil companies including Exxon and Chevron for profiting from high gasoline prices amid the Iran war, saying they should cut pri

Saudi Aramco reported a 33% increase in second-quarter profit, benefiting from elevated oil prices due to the Iran conflict and Middle East supply disruptions.

A senior Syrian official said an old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be operational within three years, accelerated by the H

Tesla began building its next-generation Megapack 3 grid battery at its new Megafactory in Brookshire, Texas, which went from groundbreaking to production in 16

BYD posted 411,072 passenger EV sales in July, up 20.5% year-over-year, with BEV sales rising 31% and commercial vehicle sales jumping 149%.

China's electric vehicle market hit the brakes as the government scaled back purchase incentives, reversing years of growth in the world's largest EV market.

UK EV registrations surged nearly 50% in July, pushing the overall new car market to its best month since 2019, though an EV mandate compliance gap remains.

India's Prototype Fast Breeder Reactor (PFBR) at Kalpakkam reached first criticality, a major milestone for the country's nuclear energy program.

The Government of Canada unveiled a formal nuclear energy strategy, signaling a major policy push for nuclear power.

CNN reports the US has used nearly 80% of interceptors for a key missile defense system during the Iran war, with reports saying long-range missile stocks are n

The Congressional Budget Office estimates the Navy's new Trump-class battleship program will cost $275 billion, with the first of 15 nuclear-powered ships costi

Missile supplies for Ukraine's air defenses have dropped threefold despite available stocks, according to Zelenskyy, deepening Kyiv's air defense crisis.

Reuters reports Lockheed Martin is negotiating US domestic mineral supply deals, a significant step in the push to build domestic supply chains and reduce depen

Intuitive Machines was selected by L3Harris to supply 18 spacecraft for missile defense satellite tracking, sending LUNR shares up sharply.

France's push to enlist its car industry in producing military drones is moving from policy ambition to industrial implementation.

Wells Fargo is rolling out an in-house blockchain-based tokenized deposit service this fall, joining JPMorgan and Citi in the race to modernize Wall Street's se

HSBC's H1 results beat forecasts with Asia wealth growth driving higher net interest income, and the bank announced a $1 billion share buyback while raising its

KBC posted a Q2 net profit of 1,152 million euros, up 15%, and lifted its full-year 2026 income outlook on strong lending and expectations of higher interest ra

JPMorgan plans to invest $750 billion in affordable housing by 2035 through its American Dream Initiative, part of a broader push by big banks into housing acce

The Federal Reserve approved Santander's $12.3 billion deal to acquire Webster Financial, with the transaction expected to close Aug. 20.

Alphabet is seeking up to $25 billion from its latest bond sale, one of the largest corporate debt offerings.

McDonald's reported slowing US traffic and sales amid execution problems and value menu issues, and appointed Skye Anderson as US president to lead its NEXT str

Walmart closed its acquisition of Vibe.co, marking a major push into ad-supported streaming TV advertising to compete with Amazon's retail media network.

Chipotle's ingredient traceability system identified a batch of potentially contaminated jalapeño peppers amid renewed food safety scrutiny.

Apple's India sales surpassed $10 billion annually, driven by its expanding retail push and growing consumer demand in the market.

The UK clothing and homeware retailer lifted its full-year profit forecast after warm weather and robust demand drove a Q2 sales beat.

The Outback Steakhouse parent reported stronger-than-expected Q2 revenue, sending shares sharply higher.

The industrial giant raised its 2026 sales growth guidance as AI data center construction and power generation demand drove record quarterly sales and a 92% jum

The newly independent aerospace supplier cut its full-year organic growth guidance on supply-chain headwinds, sending shares down 14% in its first standalone qu

GE Vernova's Transmission & Distribution India business reported a 25% net profit rise on 38% revenue growth, but margins disappointed, dragging the stock down

The ISM manufacturing index reached a four-year high, with analysts citing tailwinds for industrial stocks amid AI-driven capex and reshoring trends.

The firm noted that AI data center buildout is increasingly benefiting traditional industrial companies beyond tech, while flagging midterm elections as the big

The lawsuit claims the tariffs are a workaround for a Supreme Court decision that revoked sweeping duties imposed by President Donald Trump.

Iron ore prices fell to a one-year low amid a deepening Chinese demand slump, with analysts flagging panic selling and commodity finance concerns.

Ferrexpo halted iron ore output citing Black Sea export disruptions and a naval blockade halting work at Ukrainian mining and quarrying plants.

Coal India secured the Gadadharpur iron ore block in Odisha, entering iron ore mining as it diversifies beyond coal.

Reports highlight the 2026 supply chain impact and disruption risk from a strike at BHP's Port Hedland iron ore operations.

China's steel industry association called for broader adoption of a yuan-denominated iron ore price index to reduce reliance on dollar-based benchmarks.

Australian shares hit a record high with the All Ordinaries topping $3.2 trillion as miners rallied on easing Hormuz tensions, though a separate report noted AS