Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Russia's gold reserves fell to $298.99 billion in June, according to data released by the country's central bank. The drop was part of a broader decline in total official reserve assets, which stood at $720.4 billion at the end of the month.
European markets saw significant losses on Wednesday after U.S. President Donald Trump announced the end of a ceasefire agreement with Iran. The news also caused a surge in global oil prices due to renewed geopolitical tensions.
Shares of Advanced Micro Devices (AMD) gained in morning trading, recovering from a previous session's decline as investors focused on positive analyst sentiment and a reassessment of a competitive threat.
U.S. President Donald Trump stated he will grant Ukraine a license to manufacture Patriot missile interceptors. The announcement was made during a meeting with Ukrainian President Volodymyr Zelenskyy at the NATO summit in Turkey.
Super Micro Computer has announced a new Kubernetes Edge AI appliance developed with Red Hat and Everpure, leading to a rise in the company's stock. The solution is designed to simplify the deployment and management of AI applications in distributed edge environments.
Critical Metals Corp. announced it is reviewing a range of strategic options, including potential asset sales or joint ventures, to concentrate its resources on developing its flagship Tanbreez rare earth project in Greenland.
NATO allies are meeting with foreign ministers from four Gulf Arab states in Ankara to discuss a proposed multinational maritime mission aimed at easing tensions in the Strait of Hormuz. The initiative, led by France and Britain, faces significant challenges, including Iran's opposition to the plan.
Kyiv's military has claimed responsibility for a series of drone attacks over two days targeting a dozen Russian tankers. The strikes are part of an intensified effort to disrupt fuel supplies to the occupied Crimean peninsula.
The U.S. Energy Information Administration has increased its forecast for global oil production following a recent agreement that reopened the Strait of Hormuz. The agency now projects lower prices for crude oil and U.S. gasoline through 2027.
