Gold prices held steady after a rally driven by softer-than-expected U.S. inflation, as hawkish commentary from Federal Reserve Chair Kevin Warsh tempered investor expectations for imminent interest rate cuts.
An eight-hour work stoppage is set to disrupt BHP's Port Hedland iron ore operations, one of the world's largest export hubs, following the breakdown of wage negotiations. The strike, the most significant in decades, coincides with the release of the miner's quarterly production report.
U.S. stock futures edged higher as investors assessed strong quarterly results from major banks and cooler-than-expected inflation data, though gains were tempered by geopolitical tensions and a steep drop in IBM shares.
HSBC downgraded Arm Holdings to 'Hold' from 'Buy,' arguing the chip designer's AI-fueled stock rally has outpaced its fundamental growth prospects, leading to a sharp drop in its share price.
The global mining giant reported a 5% year-on-year increase in second-quarter iron ore sales, driven by record performance at its Pilbara operations. Despite a drop in quarterly copper output, the company maintained its full-year guidance and lowered its long-term cost forecast for the metal.
The AI cloud computing company is reportedly in early discussions to use financial instruments like put options to protect against a potential future drop in volatile memory chip prices, according to a source.
A survey of over 1,000 transport specialists identifies driver misunderstanding of assistance systems as the biggest road safety threat, fueling calls for stricter global regulation on automakers like Tesla and Ford.
Mexico's benchmark stock index rose on Tuesday, lifted by strong performances in key sectors including consumer staples, even as more individual stocks declined than advanced. Fomento Economico Mexicano UBD was a standout performer, reaching a new 52-week high.
Russia's benchmark stock index closed with a modest gain, buoyed by advances in the oil, gas, and mining sectors. However, significant declines in major technology and telecom companies capped the overall market advance.
