HSBC's shares fell 5.4% following a report of heavier-than-expected credit losses driven by the war in the Middle East. The bank posted a pre-tax profit of $9.37 billion, slightly below analyst forecasts, with $1.3 billion in loan loss provisions reflecting increased economic uncertainty and fraud exposure. Despite these setbacks, HSBC raised its full-year net interest income guidance and showed growth in wealth management, especially in Asia. Investors remain cautious as the bank faces ongoing cost and impairment challenges amid geopolitical tensions.
Chery Group inaugurated the Rosslyn Plant in South Africa, marking a key step in its global expansion and local market integration. The plant, originally built in 1963, will retain 692 employees and create up to 3,000 supply chain jobs, with producti...
Bitcoin briefly surged above $63,000 during thin U.S. holiday trading, driven by low liquidity rather than strong market conviction. This bounce follows a tough June marked by $4.5 billion in net ETF outflows and significant long liquidations. For th...
Aerodrome Finance (AERO) surged to $0.60, its highest since January, driven by strong buyer demand in both spot and derivatives markets. Key indicators like RSI and DMI Modified suggest the uptrend is strengthening, supported by increased open intere...
Prediction market data shows an 86% chance Nvidia will trade below $192 at some point in July 2026, with a 60% chance of reaching $208 but only a 32% chance of exceeding $216. Traders expect the stock to remain range-bound between $184 and $208, refl...
Michael Saylor, Strategy's executive chairman, argues that Bitcoin's next phase will focus less on protocol changes and more on its role in finance as a monetary network. He emphasizes Bitcoin as digital capital used for settlement, reserves, and col...
