The U.S. Justice Department has subpoenaed a freelance journalist in an investigation into the sourcing of a 2025 New York Times article about a U.S. military operation in North Korea, the newspaper reported.
WestJet, Canada's second-largest airline, has begun proactively canceling flights in response to a strike notice from its flight attendants' union. The carrier confirmed 86 flights were grounded as of Saturday, though negotiations continue.
The U.S. has banned imports from 43 additional Chinese companies over alleged links to forced labor in Xinjiang, impacting supply chains for electronics, metals, and food. The move, the largest single expansion of the UFLPA Entity List, drew a sharp rebuke from Beijing.
Commodity Trading Advisers have significantly reduced their exposure to the Nasdaq-100, a move Bank of America analysts say is nearly finished, potentially setting the stage for more two-sided trading in the tech index.
European high-momentum stocks plunged 14% relative to the market in July, reversing first-half gains, as investors questioned the path to AI monetization and borrowing costs rose, according to a BofA Securities note.
Chinese automaker BYD reported its third consecutive month of sales growth, selling 419,211 vehicles in July. A dramatic 124.3% year-over-year jump in international shipments was the key driver, helping to offset softer demand in its domestic market.
FIFA President Gianni Infantino has abandoned a plan to sell a 20% stake in the World Cup's commercial rights after facing a boycott threat from UEFA, placing his upcoming re-election in jeopardy.
Goldman Sachs analysts expect the recent spike in market rotational volatility to slow, citing historical patterns after major rallies and recent deleveraging by hedge funds. The call comes amid a strong Q2 earnings season, though tech stocks have seen a muted reaction.
Ahead of its first public earnings report, questions submitted by SpaceX's large retail investor base are focusing on operational details like its Starship lander and whimsical ideas like a pink rocket, rather than traditional financial metrics.
