U.S. exporters sold 244,000 metric tons of soybeans to China, extending a run of Chinese purchases that has gathered pace since July.
Cheaper energy helped hold down July inflation. Gasoline fell 2.9% month over month, while fuel oil declined 1.7%.
China’s Wanhua paid $4 million to secure a Panama Canal transit slot for the Gas Virgo, an 86,000-cubic-meter Very Large Gas Carrier carrying LPG from Texas.
Cardinal Health ended fiscal 2026 with an unusual combination: weaker-than-expected sales and much stronger-than-expected profit.
The U.S. stock market boom is producing an unusual side effect: some older Americans may no longer need their jobs.
SHEIN’s advisers are pitching its Hong Kong IPO to investors at a valuation below $30 billion, according to the Financial Times. Interest has emerged in the mid-to-high $20 billion range — far below the $98.2 billion valuation SHEIN reached in 2022.
Apple shares fell 2.5% after Jefferies downgraded the stock to Underperform from Hold and cut its price target to $263.66 from $285.56.
Glencore’s exposure to iron ore trader Radiant World exceeds $500 million and could be as high as $800 million, according to people familiar with the matter cited by Reuters.
Japan's Defense Ministry plans to request a record ¥8.9 trillion for fiscal 2027, according to Kyodo News.
The U.S. will provide $1.42 billion to faith-based health organizations operating worldwide, strengthening one of the largest healthcare networks in developing economies.
Global investors added billions to bond funds as equity inflows lost momentum.
European natural gas prices jumped 5.7% to €55.39 per megawatt-hour, the biggest intraday move in weeks.
Apollo Global Management has agreed on the key financial terms of a takeover of easyJet, offering £7.15 in cash per share.
Google doesn't need the cash. It needs the flexibility to keep building AI infrastructure faster than everyone else.
Spot gold climbed nearly 3% to $4,196.29 per ounce, marking one of its strongest daily advances in recent months.
Phillips 66 delivered one of the strongest refining quarters of the earnings season, comfortably exceeding Wall Street expectations as high refinery utilization and robust fuel margins translated into significantly higher profits.
Mortgage activity in the United States slowed again as borrowing costs reached their highest level in more than a year, adding pressure to an already weak housing market.
U.S. benchmark West Texas Intermediate (WTI) crude dropped as much as 4.5%, extending a sharp reversal that began after signs of easing tensions in the Middle East.
McDonald’s reported adjusted earnings of $3.38 per share for the second quarter of 2026, above the Wall Street estimate of $3.32. Revenue reached $7.10 billion, slightly below the expected $7.12 billion.
The second-quarter reporting season has been one of the strongest in years.
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Marina Lubimova
Artem Voloskovets
