Chevron and ExxonMobil reported Q2 profits of $12 billion and $14.5 billion, respectively, driven by rising crude prices amid Middle East tensions. Chevron and ExxonMobil reported second-quarter earnings surging on higher oil prices tied to Middle East supply disruptions.
Nomura forecasts a 25bp ECB deposit rate increase to 2.50% next month, citing euro area resilience and persistent inflation. Nomura strategists expect the European Central Bank to raise its deposit rate by 25 basis points to 2.50% in September, despite ongoing geopolitical
The $67B emergency defense funding request includes $18.2B to restock high-tech missile systems amid rising global tensions. The Pentagon’s $67B emergency funding request for this fiscal year allocates $18.2B to replenish advanced missile systems, including Patriot missile
Schumer introduces bill after Trump discloses $2B investment income Senate Minority Leader Chuck Schumer has introduced a bill to create an agency overseeing executive-branch corruption. The move comes after President Donald Trump disclosed over $2B in 2025 investm
Agreement reportedly includes Israeli withdrawal and international force deployment as Hamas commits to disarmament. US President Donald Trump announced a deal for the complete disarmament of Hamas and other armed groups in Gaza. The agreement, brokered by his Board of Pea
Oil prices fall after Iranian officials threaten US over civilian deaths in Qeshm, escalating regional tensions. West Texas Intermediate crude fell 1.2% to $82.60 after Iran accused the US of killing civilians in a strike on Qeshm island. Iranian Parliament Speaker Ghaliba
Revised ethics provisions aim to secure Democratic support for the CLARITY Act before the Senate's month-long recess. Two US senators submitted revised ethics guidelines to the White House as part of the Digital Asset Market Clarity (CLARITY) Act. The changes propose allow
Geospace Technologies' unit wins a sole-source deal to deploy underwater seismic-acoustic sensor systems for the Navy. Geospace Technologies announced its subsidiary, Quantum Technology Sciences, has been awarded a $10.8M sole-source contract by the U.S. Naval Surface Warf
TD Securities forecasts China’s GDP growth at 4.6% in 2026, driven by accelerated fiscal spending and bond utilization. China’s July Politburo meeting avoided announcing large-scale stimulus, focusing instead on fiscal execution to support growth. Authorities aim to accele
Russia is running short of undamaged oil refinery capacity, and it’s looking to Kazakhstan for help. Kazakhstan said Thursday that it is in talks with Moscow to process Russian oil at Kazakh refineries, sell some of the resulting fuel domestically, and send a portion back
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