Oil climbs as Rubio says Iran is not serious about talks
Crude prices rose Wednesday as U.S.-Iran tensions kept the Strait of Hormuz in focus and revived worries about inflation and Fed p...
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Stocks
Axiom Biosciences plans Hong Kong IPO before U.S. listing
The San Diego biotech says Hong Kong offers a stronger bridge to Asian partners, though U.S. markets still dominate biotech fundra...
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AI demand lifts Japan’s Toto, Nittobo and Ajinomoto beyond chips
Three Japanese companies outside chipmaking have rallied as their materials and components feed into the AI semiconductor supply c...
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Capital One beats estimates, but deal payoff remains the main issue
Capital One’s second-quarter results topped Wall Street estimates as card-fee revenue rose, while investors still wait for bigger...
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Kalshi builds midterm election dashboard around prediction market odds
The hub will show market-implied odds for House and Senate races alongside polling, fundraising filings and curated political cove...
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Democrats target foreign-owned company money in U.S. elections
A new Raskin-Whitehouse bill would set ownership tests to block some U.S. companies with foreign ties from political spending.
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3M finds a data center opening in the AI fiber buildout
CEO Bill Brown says 3M’s optical connectivity tech can speed fiber installation as cloud companies expand AI data centers.
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Japan trade growth hits fastest pace since 2022 as AI demand lifts exports
June exports rose 19.3% from a year earlier, while imports climbed 25.4%, both beating Reuters-polled economist estimates.
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Prediction markets and gambling groups raise their Washington spend
Kalshi and gambling industry groups are putting more money into lobbying as Congress and regulators weigh how to treat event contr...
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Dimon flags stock risk as ETF buyers crowd short-term Treasurys
JPMorgan’s CEO warned on stocks and long bonds, while ETF flow data shows investors have already favored short-term Treasury funds...
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Fed sought access to Anthropic’s Mythos AI after warning banks
CNBC reported the central bank lacked access for months to an AI model it had warned major banks could create cybersecurity risks.
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OpenAI adds Nubank and BNY CEOs to its boards ahead of possible IPO
David Vélez and Robin Vince join OpenAI’s nonprofit and for-profit boards as the AI company prepares for a potential public listin...
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