OPEC+ agreed in principle to boost oil output by 548,000 barrels per day in September, as the group finishes unwinding its biggest tranche of production cuts amid fears of further supply disruptions from Russia.
With more than half of Q2 earnings reported and stocks near record highs, company results have reassured investors about the AI trade that has energized Wall Street, even if tariff worries curtailed buying. Year-on-year earnings growth for the second quarter is now estimated at 9.8%
Gold prices rose as traders turned to the safe-haven asset amid ongoing tariff uncertainty ahead of U.S. President Donald Trump’s deadline to end negotiations. U.S. gold futures settled 0.1 lower
Tether disclosed another strong quarter as stablecoins continue to gain traction amid growing regulatory clarity in the United States. The company said it posted $4.9 billion in profit for the second quarter of 2025, a 277% increase compared with the same period a year ago.
U.S. stocks closed lower as early gains faded, following the latest round of corporate earnings and economic data, as investors awaited results from megacaps Amazon and Apple
Oil prices climbed more than 1% as investors focused on developments on U.S. President Donald Trump’s tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.
