How major US stock indexes fared Wednesday 7/8/2026
Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.
· The Associated Press
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Newest first · UTC+11:00SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq 100 inclusion
SpaceX stock closed at $148 on Wednesday, below the company's first trading price of $150 per share for a second day in a row.
· Lora Kolodny
France's TotalEnergies ships first LNG from Mexico project to Asia
A TotalEnergies tanker is loaded with liquefied natural gas at a new Mexican export facility bound for Asia. (Photo courtesy of ECA LNG)
· SHOTARO TANI
Here’s why Trump threatened to cut off trade with Spain — and which goods could become hard to get in the US
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· Ally Goelz
California approves ‘largest tax hike in history’ – here’s where you’ll pay more
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· Titus Wu
Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump
After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: …
· Tyler Durden
Osaka payment processor bankruptcy triggers restaurant cash crunch fears
Zentoshin's services were popular with businesses in Osaka's Minami nightlife district. (Nikkei montage/Photos by Toshiki Sasazu and Arisa Moriyama)
· Staff Writer
‘Affordability is a big concern’: Melbourne rents hit record highs
Melbourne tenants looking for a house are being asked to pay an extra $5 a week, and a record amount for a unit, as the Victorian capital’s tight rental market pushes costs higher.
· Melissa Heagney-Bayliss
Cash injections, write-downs: Inside youth retailer General Pants’ struggle to stay afloat
General Pants has been relying on cash injections from shareholders to stay operating as it racks up tens of millions in losses, axes hundreds of staff and grapples with customer complaints.
· Jessica Yun
Green energy giants see $155b data centre boom as win for net zero
Major renewable energy investors have thrown their support behind Australia’s data centre boom, colliding with a growing backlash from community and environment campaigners who fear the power-hungry facilities will destabilise the grid and extend the nation’s reliance on harmful fossil fuels.
· Nick Toscano
Austin Reaves reveals what LeBron James ‘ruined’ after Los Angeles Lakers split
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· Edward Lewis
Coffee Lovers, Take Note: Lavazza Sounds Alarm, Suggest It May Be Time To Stock Up
Following the largest daily surge in Arabica coffee futures since the Dot-Com bubble, the head of Italian coffee giant Lavazza Group warned that prices are unlikely to fall over the next two years.
· Tyler Durden
Saudi Arabia exploring IMEC route through Syria, sidestepping Israel
Saudi Arabia is exploring a significant shift in the proposed India–Middle East–Europe Economic Corridor (IMEC), seeking to sideline Israel from the trade initiative by rerouting the corridor through Syria instead, according to two sources familiar with the discussions who spoke to The Jerusalem Post.
· AMICHAI STEIN
Fed Chair Kevin Warsh facing deep divisions over future path of inflation, meeting minutes show
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· Associated Press
Fed holds rates steady, minutes show officials split on inflation outlook
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
· Christopher Rugaber
FOMC Minutes Show 'A Few' Fed Members Wanted To Hike In June, 'Majority' Fear Higher Inflation
Tl;dr: The minutes underscored a more hawkish tone on inflation. UBS traders noted that most participants cited scenarios in which price pressures could remain elevated, including stronger AI-related demand, the ongoing Middle East conflict and tariffs. In those cases, nearly all of those officials said some additio…
· Tyler Durden
IMF lowers global growth forecast amid geopolitical tensions
The International Monetary Fund has lowered its global growth forecast for the world economy this year to 3 per cent, down from 3.5 per cent in 2025.
· AfricaNews
Fed officials were split on direction of interest rates at last meeting, minutes show
Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday.In Kevin Warsh's first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where…
· Jeff Cox
‘One-of-a-kind’ New Orleans ‘castle’ takes $100K price cut: Will this property ever find its king?
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· Realtor.com
IEA chief says Gulf oil exporters must repair trust as buyers reconsider supply risks | The National
Gulf oil exporters need to rebuild their reputation for reliability even as they compete to reclaim market share in an increasingly competitive energy market, International Energy Agency executive director Fatih Birol said.
· Manus Cranny
Perth renters hit ‘affordability ceiling’ as prices hit record highs
Perth tenants are now paying record prices for rentals this quarter with the median price for a house in Perth reaching $750 – $50 more than the same time last year, as the market cements itself as the third most expensive in the country.
· Indigo Lemay-Conway
George Soros Angers Hamptons Residents After Massive Land Purchase
Authored by Luis Cornelio via Headline USA,
· Tyler Durden
Mitsubishi Motors to push off-road vehicles in Japan via boutique showrooms
Mitsubishi Motors will emphasize off-road vehicles such as the Triton, pictured here. (Mitsubishi Motors)
· Staff Writer
Israel 'will return to the whole of Gaza,' should 'erase' Oslo Accords, Smotrich says
Beyond reestablishing Gush Katif, the bloc of Israeli settlements in Gaza removed by the state in 2005, Israel will settle all of Gaza, Finance Minister Bezalel Smotrich said in a video interview played at the 2026 Pulse of Israel Conference on Tuesday.
· SAM HALPERN
Millions of pounds and many, many questions: the untold story of why Reform figures face NCA scrutiny
Exclusive: The details behind the financial transactions that bankers have flagged up to the National Crime Agency
· Anna Isaac
Anthropic leases new NYC office building, set to double local workforce by end of year
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· Thomas Barrabi
Argentina at 210: A nation looking forward
NATIONS are not defined solely by the day they gain their independence, but by what they choose to build with it. As Argentina celebrates the 210th anniversary of its independence on July 9, it does so not only by honoring a decisive chapter of its history, but by looking confidently toward the future — one marked b…
· The Manila Times
Japan's JCB, Resona eye hands-free bus fare payments via phone app
The new system will make it easier for passengers with baggage to board buses. (Nikkei montage/Source photos by Nikkei and Odawara Auto-Machine MFG)
· Staff Writer
Trump begins process to delist Syria from US terrorism sponsor list | The National
US President Donald Trump on Wednesday notified Congress of his intent to rescind Syria's designation as a state sponsor of terror, which would clear a major hurdle in Damascus's economic recoverys.
· Kyle Fitzgerald
Blueprint for building the Philippine Century
CAN the Philippines become the largest economy in Southeast Asia by 2034?
· LEANDRO VERCELES JR.
Grab Philippines eases inflation pressure on MSMEs through demand boost
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· The Manila Times
NHMFC takes regional housing finance leadership, elected ASMMA chair for 2027
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· The Manila Times
Netflix strikes deals in short-form video push
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· Agence France-Presse
S&P Dow Jones puts Indonesia on watch list for market downgrade
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· Reuters
Amazon aims to raise $25 billion from bond sale
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· Reuters
Transforming the Philippine food system through science, policy, and practice
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· William Dar
PCA rolls out expanded assistance programs to strengthen Palawan's coconut industry
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· leander domingo
MMSU uses gamma irradiation to develop new Ilocos garlic varieties, aims to boost local industry
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· Leander C. Domingo
Kalshi promo code NYPMAX: Trade $10, get $15 for World Cup Golden Boot market
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· Mike Turay
Russia Bans Diesel Exports to Ensure Domestic Supply After Targeted Ukrainian Drone Strikes
Russia introduced a ban on diesel exports on Wednesday as part of a raft of measures to support the domestic fuel market after a campaign of Ukrainian drone attacks on oil refineries triggered shortages and price spikes in some regions.
· Reuters
Dubai GDP climbs to Dh232bn in Q1 as non-oil sectors drive expansion | The National
Dubai's gross domestic product hit Dh232 billion ($63.2 billion) in the first quarter of 2026, anchored by a well-balanced economy reflecting the emirate's economic diversification efforts.
· Alvin R Cabral
Taiwan offshore wind projects face inflation headwinds
Taiwan reached 500 installed offshore wind turbines in June, with 4.8 gigawatts of generating capacity. (Photo by Nikkei)
· Staff Writer
Spain plays down Trump’s trade embargo threat, saying there is ‘no tension’
US president threatened to cut off trade with Spain over its defence policy, but Madrid says relations are ‘calm’ and ‘positive’
· Xiaofei Xu
Spain plays down Trump’s trade embargo threat, saying there is ‘no tension’
US president threatened to cut off trade with Spain over its defence policy, but Madrid says relations are ‘calm’ and ‘positive’
· Xiaofei Xu
Jeff Bezos’s Blue Origin aims to raise $10B in first round of outside fundraising: report
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· Marc Vartabedian
China buys 15 tons of gold in June as central banks build up reserves
The People's Bank of China has increased its gold reserves for 20 straight months, a record stretch since comparable data began in 1999. (Nikkei montage)
· Staff Writer
ADB lowers Asian growth forecast as energy shock hits Philippines
A motorcycle is refueled at a gas station in Metro Manila in March. The Asian Development Bank says prolonged disruption to energy markets stemming from the Middle East conflict is slowing growth across developing Asia. © Reuters
· RAMON ROYANDOYAN
ADB revises up S. Korea's growth projection for 2026 to 2.6 pct
SEJONG, July 9 (Yonhap) -- The Asian Development Bank (ADB) on Thursday revised up its economic growth projection for South Korea to 2.6 percent from its April report, citing robust artificial intelligence (AI)-related demand around the globe.
· Kang Yoon-seung
Duma Tightens Rules for Migrant Workers and Their Children in Russia
Russia’s lower-house State Duma on Wednesday passed sweeping legislation tying the legal status of migrant workers and their families to their financial earnings.
· The Moscow Times