Overnight news on July 10: U.S. stocks closed higher, chip stocks generally rose, U.S. officials said U.S.-Iran related technology negotiations are still continuing, SK Hynix ADS priced at US$149 per share
Closing on July 10: U.S. stocks closed higher on Thursday, with general gains in chip stocks pushing the Nasdaq up 1.3% Top 20 U.S. stocks by trading volume on July 10: Micron announces local investment plan exceeding US$250 billion Most of the popular Chinese concept stocks rose on July 10. ASE Semiconductor rose 8.27%, and ASE Semiconductor rose 8.27%. Commodity roundup: Oil prices fall, gold reverses three-day losing streak, base metals rise Tech and mining shares push European markets higher as AstraZeneca tumbles U.S. official: U.S.-Iran related technical negotiations continue U.S. temporarily suspends tariffs on aircraft and jet engine parts Warsh announces heads of five major working groups to pave the way for reform of the Federal Reserve U.S. and Iran launch air strikes against each other, rekindling fears of all-out war Navigation traffic in the Strait of Hormuz plummets and almost comes to a standstill Iran condemns US military strike on its maritime infrastructure Explosions were heard in many places in southern Iran Iran's foreign minister talks to Pakistan military and condemns U.S. violation of MOU Oman and Iran jointly emphasize the peaceful resolution of regional issues through diplomatic channels Netanyahu talks to Trump and agrees to maintain policy coordination between the two countries Israeli Prime Minister: "Iran will not be allowed" to acquire a nuclear weapon and plans to significantly increase the defense budget Defense Minister: Israeli military is ready to resume military operations against Iraq Burnham wins the support of a majority of British Labor MPs, basically locking in the leadership position Russia cuts diesel exports, global diesel supply shortage worsens Zuckerberg plans 'aggressive' pricing strategy for Meta's paid AI tools Zuckerberg denies Meta has excess computing power and says developing cloud business has commercial potential OpenAI releases GPT-5.6 series models: performance surpasses Claude in all aspects, and the lowest price is only one-sixteenth of competing products OpenAI launches the latest GPT-5.6 series of models. Altman says he “doesn’t know” whether there will be an IPO this year. The five major Wall Street banks released their rankings on the same day, and analysts got up early to prepare for "Crazy Tuesday" Netflix is exploring bundling live TV with packages to retain lost viewers SK Hynix is reported to have set the ADR issuance price at US$149 per share Wayfair accelerates offline expansion, Q2 revenue is expected to grow by more than 5% Peabody Energy faces securities fraud class action lawsuit over failed promise to increase production at flagship coal mine Former Fed Chairman Ben Bernanke appointed trustee of Anthropic Supervisory Trust American Express breaks ground on new headquarters at 2 World Trade Center OpenAI CEO says "many adjustments" were made to latest model during consultations with U.S. government 7-Eleven parent company raises full-year performance guidance, North American segment gasoline business profits surge “Every calorie in every mouthful is scrutinized by consumers.” PepsiCo CEO responds to the dual challenges of GLP-1 diet pill craze and inflation Micron Technology raises U.S. investment plan to US$250 billion, betting on demand for AI memory chips Musk: Anthropic is currently the leader in artificial intelligence U.S. Bond Market: Lower oil prices push Treasury bonds higher, holding on to gains after strong auction demand Chip stocks and leveraged ETFs account for 70% of the trading volume in the Korean market, and KOSPI falls into a bear market Deloitte survey: High-income American families plan to cut back-to-school spending by 20% on average IRNA: No explosions reported near Strait of Hormuz The wealth-making effect of AI appears: OpenAI and Anthropic employees may be able to buy nearly one-third of San Francisco’s real estate after their IPO Franklin Templeton strategists expect bullish thesis on AI infrastructure to continue until end of 2027 U.S. 30-year Treasury bond auction receives strong demand, winning bid yield hits highest since 2007 Shipping in the Strait of Hormuz comes to a near standstill, with signs that some tankers have turned off their transponders to hide their whereabouts International Atomic Energy Agency: Russia-Ukraine conflict poses continuing risks to nuclear power plant safety Valuations of the seven largest technology leaders in the U.S. stock market fell to their lowest level in more than a decade Slok: If AI profits fall short of expectations, both the market and the macroeconomy will be under pressure PGIM says repricing of 30-year U.S. Treasury yields has begun ECB Governing Council member Nagel told Delo that policymakers need to exercise restraint when talking about the outlook for interest rates.
The President of the New York Fed expressed special concern about the impact of artificial intelligence demand on inflation The European Central Bank sought to avoid hinting at follow-up action when discussing a rate hike last month, learning from the lessons of 2011 Tensions between the United States and Iran rise again, Iran urgently ships out about 11 million barrels of crude oil U.S. home sales fall in June, spring sales bleak
The President of the New York Fed expressed special concern about the impact of artificial intelligence demand on inflation The European Central Bank sought to avoid hinting at follow-up action when discussing a rate hike last month, learning from the lessons of 2011 Tensions between the United States and Iran rise again, Iran urgently ships out about 11 million barrels of crude oil U.S. home sales fall in June, spring sales bleak