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Thursday, July 9
Business
Trump declared a U.S.-Iran memorandum of understanding finished on Wednesday, sending Nasdaq futures to a four-week low and pushing oil prices higher.
The world absorbed over a billion barrels of lost Iranian oil supply, but depleted strategic reserves have stripped away the buffer markets relied on.
Next is reportedly preparing a takeover bid for Harvey Nichols, according to Sky News, in a move that would mark the retailer’s boldest expansion yet.
Amazon CEO Andy Jassy raised security concerns about Anthropic’s AI models to Trump officials before a U.S. government crackdown, per a source familiar with the matter.
VW, Stellantis, and Renault — controlling ~60% of Europe’s car output — are urging the EU to adopt a clear “Made in Europe” rule backed by production incentives.
ERock raised $600 million in its U.S. IPO, joining a busy wave of new listings as demand for natural gas power infrastructure draws investor interest.
Citigroup raised its 2026 S&P 500 target to 8,100, citing durable corporate earnings and an AI spending cycle the bank called a supercycle.
Airline chiefs met in Rio as the Iran war pushed fuel costs higher and disrupted airspace, forcing carriers to test fare hikes and cut capacity.
Broadcom’s revenue miss pushed Nasdaq 100 and S&P 500 futures lower Thursday, pressuring chip stocks after a strong rally to record highs.
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