Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The European Union's General Court has rejected Apple's legal challenges against the designation of its App Store and iOS operating system as "gatekeepers" under the landmark Digital Markets Act (DMA). The ruling strengthens the position of EU regulators aiming to increase competition in the tech sector.
Air Canada has appointed Anko van der Werff, the current CEO of Scandinavian Airlines, as its next President and Chief Executive Officer, effective by the end of January 2027. He will succeed Michael Rousseau, who announced his retirement.
Shares of the discount retailer fell sharply in pre-market trading after JPMorgan lowered its rating to Neutral, citing valuation concerns. The move follows similar analyst actions and comes amid a cautious consumer spending environment.
Shares of the luxury real estate brokerage Douglas Elliman fell in premarket trading after the company revealed a major technology transformation plan centered on artificial intelligence and the launch of a new data intelligence company.
Chinese AI firm Zhipu, trading as Knowledge Atlas Technology, is seeking to raise approximately $4 billion in a new share offering. The move follows a nearly 1,500% increase in its stock value since its Hong Kong listing in January.
U.S. Treasury yields declined on Monday as investors assessed a weaker-than-expected June jobs report, prompting a reevaluation of inflation and interest rate trajectories. Markets are now focused on the upcoming release of the Federal Reserve's latest policy meeting minutes.
The U.S. dollar was little changed on Monday after recording its worst single-day performance since late April, as investors shifted their focus to the Federal Reserve's monetary policy outlook. The Japanese yen remained near a 40-year low, keeping markets on alert for potential intervention.
The South African rand showed little movement against the U.S. dollar on Monday as investors looked ahead to the release of Federal Reserve minutes for guidance on interest rate policy. The currency's stability comes amid a light week for major domestic economic data.
The Bank of Israel has lowered its key interest rate for the second consecutive time, reducing it to 3.50% in response to a persistently strong shekel and moderate inflation. The move brings borrowing costs to their lowest point since late 2022.
