New Fed chair Warsh withholds forward guidance for a second meeting
Kevin Warsh has declined to provide forward guidance at two consecutive Federal Reserve meetings since taking over as chair, a break from recent central bank communication practice.
MARKET REPORT
What an index, a sector or an asset class did, and why. The default for session coverage.
Palantir stock jumps after CEO calls second quarter 'otherworldly'
Palantir shares rose sharply over the past week after chief executive Alex Karp described the company's second-quarter performance as "otherworldly."
SpaceX shares slump after second-quarter results
Recently listed SpaceX reported second-quarter results showing continued momentum, but the stock has been slumping and still trades at a premium to the broader market.
RBA expected to hold as inflation cools and housing weakens
Economists expect the Reserve Bank of Australia to leave rates unchanged at its August meeting, citing easing inflation alongside signs of a softening housing market.
Westpac shares fall 5% as mortgage applications drop 20% after tax changes
Westpac stock slid about 5% after the lender reported a roughly 20% fall in mortgage applications, which it linked to recent tax changes affecting property buyers.
LivePerson revenue beats but earnings miss estimates
The conversational AI software company reported revenue above consensus while earnings came in $5.07 below expectations.
China opens regular Arctic container route, halving Europe–Asia transit times
The first regular container service via the 'Ice Silk Road' cuts voyage times between Europe and the Far East to about 20 days, bypassing the Suez Canal and Malacca Strait.
German economy minister says AfD's rise risks deterring investors
Katherina Reiche warned that the far-right party's growing support could weigh on investment as Berlin targets €3.75tn in private capital by 2040.
Gold holds near seven-week high as won leads Asian currency losses
Bullion steadied close to its highest level in seven weeks on Iran-related uncertainty and Fed expectations, while a firmer dollar pushed Asian currencies lower.
Bitcoin tops $65,000 ahead of US inflation data as XRP lags
Bitcoin, ether and BNB each rose close to 3% on the week with global equities near records, while XRP fell 5% despite continued ETF inflows.
Sony and TSMC plan $6.3bn Japan joint venture for image sensors, Nikkei reports
The two chipmakers are reported to be preparing a joint venture to manufacture image sensors in Japan, a deal valued at about $6.3 billion.
Treasury Wine shares jump on US supply chain overhaul
Treasury Wine Estates stock rallied after the company outlined an overhaul of its US supply arrangements, which investors read as easing concerns about excess inventory.
Sony and TSMC plan $6.3 billion joint image sensor production, Nikkei reports
Sony and TSMC will jointly invest about $6.3 billion to manufacture image sensors, according to a Nikkei report, deepening a partnership between the world's largest image sensor supplier and the largest contract chipmaker.
Korean memory results put focus back on Micron pricing outlook
Commentary following SK Hynix and Samsung earnings has drawn attention to what their disclosures imply for Micron, whose shares recently bounced about 10% off their lows.
Twilio raises full-year growth outlook after record quarterly revenue; shares jump 25%
The cloud communications company posted record revenue of $1.5 billion and lifted its full-year growth guidance to 18%, sending the stock up 25% in a single session.
Asian equities rebound; crude firms on Strait of Hormuz uncertainty
Japanese and Korean stocks recovered while oil prices rose as traders weighed uncertainty around shipping through the Strait of Hormuz.
Recruit Holdings shares hit daily limit after guidance upgrade
Shares in Japan's Recruit Holdings surged to their daily trading limit after the company raised its earnings guidance, helping lift Tokyo stocks.
Australian shares slip as Westpac drags on banks before RBA decision
The benchmark index edged lower, led by financials, as investors positioned ahead of the Reserve Bank of Australia's rate decision.
I Squared Capital agrees to buy Australia's oOh!media for $634 million
The infrastructure investor struck a deal for the Australian out-of-home advertising group, valuing it at about $634 million.
Oil advances as Strait of Hormuz reopening remains out of reach
Crude prices rose on continued disruption at the Strait of Hormuz and Houthi attacks on shipping, while U.S. equity futures held near flat as hopes for a quick reopening faded.