July 8, 2025
Oil up as strong demand outweighs surprisingly big OPEC+ output hike
Oil prices rose as signs of strong demand more than offset the impact of a higher-than-expected OPEC+ output hike for August and fresh concerns about the potential impact of U.S. tariffs.
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July 8, 2025
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future.
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July 7, 2025
Ripple applies for US national bank charter
Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote, following a similar move by stablecoin giant Circle. The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system.
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July 7, 2025
Sterling notched weekly loss as fiscal concerns loom
Sterling notched a weekly loss on Friday, marking a lacklustre end to a week that saw fiscal and political uncertainties rattle investor appetite for UK assets. Traders expect the Bank of England to lower borrowing costs by 25 basis points next in September
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July 7, 2025
As US stocks rally, investors eye tariff deadline
Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets.
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July 4, 2025
Bitcoin mining stocks post double-digit gains
Crypto mining stocks logged strong weekly gains, in a rally fueled by signs that a favorable macroeconomic backdrop could support the US Federal Reserve’s soft-landing narrative. Shares of major mining firms surged between 13% and 28% over the past four trading sessions.
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