This threat to the chip rally has surged to its highest level since 2015
Volatility threatens top gainers including AMD and Micron.
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July 1, 2026
Mizuho Says Historic Slump in Yen Is Defying the Rates Rulebook
The slump in the yen to historic lows is forcing investors to rethink one of their most widely used strategies to gauge the currency’s moves, according to Mizuho Bank Ltd.
Goldman Flags Up Oil Surplus Even as Nations Rebuild Stockpiles
The global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman Sachs Group Inc.
Sixth Street, KKR Provide BridgeBio $1 Billion Preferred Equity
Sixth Street Partners and KKR & Co. have agreed to provide $1 billion of preferred equity to biotechnology company BridgeBio Pharma Inc., according to people with knowledge of the matter.
Yuan Rally Bets Fade as Options Traders Turn Bullish on Dollar
Bullish bets on the Chinese yuan are fading, with options traders unwinding one of the year’s most crowded trades after the Federal Reserve’s hawkish pivot.
Iran War Delivers Massive Swings in Chinese Petrochemicals Trade
The war in Iran has rewired China’s petrochemicals trade, allowing plants to ease their glut of the key building blocks for plastics, rubber and textiles by boosting exports.
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Bitcoin ETFs were supposed to make selloffs less painful. That theory is being put to the test.
Crypto investors had hoped that increased institutional adoption and a crypto-friendly administration could help the largest cryptocurrency avoid the painful cycles it once experienced.
Philippine Church Group Continues Protests, Disrupting Manila
An influential religious group continued its protest for a second day on Wednesday in support of a senator allied with Vice President Sara Duterte, again slowing traffic in Manila’s main highway.