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Oil Prices Brent Holds Near $72 and WTI Near $68.66 as Markets Watch Middle East Diplomacy
Oil prices stayed under pressure on Thursday, July 2, 2026. Brent crude opened at $71.13 per barrel before slipping 0.83% to $70.57. WTI crude opened at $68.11, its lowest level since February 27. Both benchmarks fell as shipping through the Strait of Hormuz kept recovering. Traders also weighed progress in indirect US-Iran talks held in…
FTSE 100 Edges Higher While Sterling Hits $1.3367 After Disappointing U.S. Jobs Report
FTSE 100 jumped 174 points to close at 10,652 on Thursday, July 2, 2026. The rally followed a weaker-than-expected U.S. jobs report, which rattled dollar strength. Nonfarm payrolls rose just 57,000 in June, far below the 110,000 consensus estimate. Sterling climbed 0.52% to $1.3349 against the dollar. The FTSE 100 posted its highest close since…
Ecommerce Giant Alibaba and Tencent Invest $2.8 Billion in Kuaishou’s Kling AI as Valuation Hits $15 Billion
On July 3, 2026, Chinese technology companies Alibaba and Tencent backed one of the year’s largest artificial intelligence funding deals, investing $2.8 billion in Kuaishou’s Kling AI. The investment gives the AI video platform a $15 billion valuation and reflects rising confidence in China’s generative AI sector. With competition in AI accelerating worldwide, the deal…
Alibaba to Ban Claude Code in Workplace Over Alleged Backdoor Security Risks, Report Says
Alibaba will ban employees from using Anthropic’s Claude Code starting July 10, 2026. Reuters reported the move Thursday, citing a source familiar with the decision. The ban stems from alleged security risks involving embedded backdoors in the coding tool. Chinese financial outlet Yicai first reported the story earlier this week. Alibaba shares fell 0.7% on…
Zuckerberg Says Meta’s AI Agent Development Is Progressing Slower Than Expected Despite Massive Spending
On July 2, 2026, Meta CEO Mark Zuckerberg said the company’s AI agent development is moving more slowly than expected, despite spending billions of dollars on infrastructure, hiring, and research. The comments caught many by surprise because Meta has been investing heavily in artificial intelligence to keep pace with its biggest competitors. The update raises…
SK Hynix Inc (KRX: 000660) Climbs +11.32% to 2,434,500 KRW After BitMart Announces Stock Listing & Incentive Program
On July 3, 2026, SK Hynix Inc. (KRX: 000660) climbed 11.32% to 2,434,500 KRW, catching the attention of investors focused on AI and semiconductor stocks. Buying picked up after BitMart announced a stock listing and incentive program, giving the shares an extra boost during the session. Even so, much of the market’s attention remains on…
Bitcoin (BTCUSD) Up +0.25% to $61,636.06: Changpeng Zhao Sparks Buzz With $1 Million Forecast
Bitcoin (BTCUSD) traded around $61,636.06, up 0.25%, on July 3, 2026, as investors balanced improving market sentiment with continued market volatility. The world’s largest cryptocurrency also returned to the spotlight after former Binance CEO Changpeng Zhao repeated his long-term view that Bitcoin could eventually reach $1 million. While that target remains a long way off,…
Why Is Union Bank Share Price Down 5% Today? Key Takeaways From Its Q1 Business Update
On July 3, 2026, Union Bank of India shares dropped about 5% after the public sector lender released its Q1 FY27 business update. The fall came despite healthy year-on-year growth in loans and overall business. Investors were more concerned about weaker quarter-on-quarter trends in global business and deposits, which raised questions about short-term growth. Below…
XRP USD Holds at $1.10 (+1.53%) as XRP Ledger Faces Fake OUSD Stablecoin Scam Shock
XRP held near $1.10 on July 3, 2026, up 1.53% over the past 24 hours. The gain came despite a fresh scam warning hitting the XRP Ledger community. Validators flagged a fake issuer posing as the newly launched Open USD stablecoin. XRP’s intraday range spanned $1.045 to $1.11, with market cap near $67.7 billion. Trading…