Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
European stock markets recorded their steepest one-day drop since mid-March on Wednesday, rattled by renewed Middle East tensions and a specific trade threat from U.S. President Donald Trump against Spain. The pan-European STOXX 600 index fell 1.8%, with Spain's IBEX index tumbling 2.7%.
A federal judge has rejected a request by prediction market platform Kalshi for a preliminary injunction to stop New York from enforcing its state gambling laws. The ruling marks a significant point in the ongoing jurisdictional dispute between state and federal regulators over the growing industry.
Warner Bros. Discovery has announced a collaboration with Amazon Web Services to build a new advertising technology stack using agentic AI. The platform aims to automate and unify ad planning, sales, and optimization across the company's linear and digital properties.
Dutch prosecutors have launched a criminal investigation into the Dutch division of Tata Steel, accusing the company of intentionally polluting the environment at its IJmuiden plant.
RVRC Holding has entered an agreement to purchase a 90.1% stake in the sportswear brand ICANIWILL, based on an enterprise value of SEK 700 million. The deal includes potential future payments and is expected to be accretive to RVRC's earnings per share.
MicroStrategy disclosed an $8.32 billion loss on its digital assets for the second quarter in a recent regulatory filing. The company also sold over 3,500 bitcoin to fund preferred stock distributions and bolster its cash reserves.
Russia has reportedly implemented a ban on all diesel exports to prevent domestic shortages following a series of Ukrainian drone attacks on its oil refineries. The move is expected to add pressure to global fuel markets.
U.S. energy companies exported a record 8.73 million barrels per day of petroleum products in the first week of July, according to the latest data from the Energy Information Administration. The new figure surpasses a previous weekly record set in early May.
U.S. President Donald Trump stated on Wednesday that he expects Israel to withdraw its troops from southern Lebanon, a comment that appears to contrast with recent statements from Israeli Prime Minister Benjamin Netanyahu. Trump said he had discussed the matter with the Israeli leader.
