In the second phase of New Mexico's social media lawsuit against Meta, a judge imposed a penalty in the hundreds of millions of dollars and placed significant restrictions on the company's practices regarding children. Zuckerberg has promised to appeal.
AppLovin Corp (APP) (Q2 2026) Earnings Call Highlights: Record Revenue and Strategic Expansion · AppLovin Corp reported record revenue during its earnings call and outlined strategic expansion plans. The results reflect strong financial performance and growth momentum.
US Media: Iran and Oman Reach Temporary Agreement Framework · According to US media, Iran and Oman have agreed on a temporary agreement framework that does not involve fees. This could help ease regional tensions and promote cooperation between the two sides in relevant areas.
A Saudi official said intelligence reports show Houthi, Iraqi militias, and Iran's Revolutionary Guard are coordinating attacks on Saudi Arabia.
Trump Announces Tariffs on Polysilicon and Derivatives · The Trump administration announced tariffs on polysilicon and its derivative products. This move could affect trade dynamics in the related supply chain.
Saudi Officials: Iran Planning Attack on Saudi Arabia · Saudi officials have revealed that Iran is planning an attack on Saudi Arabia. This news escalates tensions in the Middle East and could impact global energy market stability.
Trump: Deal with Iran Could Be Reached Soon, Strait Somewhat Open · Trump said a deal with Iran could be reached soon and that the Strait is somewhat open. This may ease concerns about supply disruptions.
Trump: No Deal Yet on Strait of Hormuz · US President Trump said no agreement has been reached regarding the Strait of Hormuz. This statement could affect stability in the Middle East and global oil prices.
US Saudi Oil Imports Drop to Zero in 7, First Time in 40 Years · The US imported no crude oil from Saudi Arabia in 7, marking the first full-month halt in 40 years. This reflects increased US energy independence and OPEC+ production cuts.
US Official: Strait of Hormuz is International Waterway, Temporary Routes Open · A US official stated that the Strait of Hormuz is an international waterway, and no party controls its shipping lanes or transit passage. Temporary routes will remain unobstructed.
Iran Advances Bill on Hormuz Strait Transit Rules · Iran is advancing a bill concerning transit rules for the Strait of Hormuz. The bill could affect a key global oil shipping route. This move may heighten regional tensions.
Industry sources say the proposed Iran-Oman strait agreement faces obstacles from US sanctions and insurance issues. If implemented, it could affect regional shipping and energy transport. It remains unclear whether the deal can overcome these hurdles.
According to Iraq's state news agency, citing official sources, the Federal Reserve has shipped 5 hundred million USD in cash to the Central Bank of Iraq. This move is likely aimed at supporting Iraq's dollar supply and stabilizing its financial system.
According to Reuters, four industry sources said a proposed agreement between Iran and Oman would give Tehran control over ships entering the Gulf via the Strait of Hormuz. However, the deal is difficult to implement due to US sanctions and restrictive insurance clauses on any payments.
Sources say Nvidia has tested at least three versions of the Rubin Ultra graphics card over the past few weeks, with some versions having lower memory capacity than originally announced. The adjustment is partly due to potential difficulty in securing enough high-end memory for the original design. Reduced memory may impact performance, but Nvidia can compensate through other means; however, other AI firms may need more chips to run large models.
NVDA: Nvidia weighs using less HBM for Rubin Ultra GPU · According to The Information, Nvidia is considering using less high-bandwidth memory for its Rubin Ultra GPU to address a shortage of advanced HBM chips. This could impact the performance and supply of its next-generation GPU.
According to Iran's Fars News Agency, informed sources revealed that the northern and southern lanes of the Strait of Hormuz will be canceled, with all traffic shifted to a central corridor. The entrance will be managed by Iran, and the exit jointly by Iran and Oman. This move could affect a key global oil transit route.
Iran announced stricter transit regulations for the Strait of Hormuz, potentially affecting global oil shipments. The strait is a vital energy corridor, and tighter rules may raise shipping risks. Markets are watching for potential impacts on oil prices and regional stability.
US and Brent crude oil prices rose sharply in short-term trading following reports that Iran is considering stricter transit rules for the Strait of Hormuz. This could impact global oil shipments and push prices higher.
According to Iran's Fars News Agency, countries and individuals causing damage will be denied passage through the Strait of Hormuz and the Persian Gulf until compensation is paid. This could impact global oil shipments and heighten regional tensions.
Fars News: US, Israeli Ships Barred from Strait of Hormuz · According to Iran's Fars News Agency, under an agreement, US and Israeli ships are banned from transiting the Strait of Hormuz. This could heighten regional tensions and impact global oil shipments.
GOOGL: Alphabet's Large Bond Sale Attracts About 1150 Billion USD in Demand · Alphabet (GOOG.O) attracted about 1150 billion USD in demand for its large bond sale. This indicates market confidence in the company's creditworthiness.
BNP Paribas Raises Western Digital Price Target · BNP Paribas raised its price target for Western Digital (WDC.O) from 660 USD to 700 USD. This adjustment reflects a positive outlook on the company's future performance.
Houthis Warn Saudi Arabia: Any Aggression Will Have Consequences · The Houthis warned Saudi Arabia that any aggression will have consequences. This statement escalates regional tensions and could impact energy market stability.
DDOG: Software Stocks Fall as Datadog, HubSpot Earnings Raise AI Pricing Questions · Software stocks declined as earnings from Datadog and HubSpot raised questions about AI pricing. Investors are concerned that the commercialization of AI may be slower than expected.
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