Public Markets 24 Hours

Last updated: July 10, 2026, 11:30 PM ET

Markets React to Geopolitical Tensions, IPO Activity, and Economic Data

Oil futures amid renewed Middle East skirmishes and attacks on tankers in the Strait of Hormuz, though prices wobbled earlier due to hostilities. The WSJ Dollar Index declined 0.02% over the week to 97.20, while gold and silver. U.S. equities posted gains for a second consecutive week, with the S&P 500 and Nasdaq on track to finish higher, though the Dow was set for a loss. SK Hynix saw its stock, opening at $170 per share, above its IPO price, in a listing that Nasdaq executives believe. Other companies filing for IPOs include Holtec Nuclear Corp. and Apnimed Inc., aiming to capitalize on data center power demands and fund sleep apnea drug development, respectively. Tailored Brands Inc., owner of Men's Wearhouse, also. Meanwhile, investors are as demand wanes, indicating skepticism over the sector's long-term profitability. Europe's earnings momentum is accelerating, with analysts raising estimates at the fastest pace in years.

Corporate Dealmaking and Regulatory Scrutiny

MGM Resorts International is reportedly with Barry Diller's People Inc. for a potential acquisition. In a significant legal development, Apple is suing OpenAI, alleging theft of proprietary information, marking a breakdown in their relationship. In the UK, carmakers are fighting off the bulk of a multibillion-pound ‘dieselgate’ lawsuit concerning emissions, while Apollo Global Management Inc. is approaching record with deals for easy Jet and Bayer. easy Jet's takeover battle saw Apollo at the last minute. Circle, a stablecoin company, saw its shares for certain U.S. banking activities, enabling it to operate as a trust bank. China Vanke Co. anticipates its first-half loss could due to property development margins and asset impairments. BHP Group is exploring the sale of a Chilean desalination plant and power lines as part of its strategy to monetize infrastructure. In a notable corporate governance development, Alpha Quest founder Nigol Koulajian allegedly at his quantitative hedge fund before its planned shutdown.

Economic Shifts and Labor Market Dynamics

U.S. employers have been instructed to as Temporary Protected Status deadlines loom, creating confusion for businesses. Mexico plans to following an immigration agent's fatal shooting of a Mexican man. Separately, witnesses to an ICE killing in Houston of events. The USDA has to the lowest level since 1970. Delta Air Lines reported due to sky-high fuel costs, which were exacerbated by the Iran conflict. In the U.S., a federal labor law judge determined that software maker Atlassian had who questioned company policy changes. More U.S. workers are testing positive for marijuana, but employers are increasingly unconcerned as they rethink pre-employment screening. Amidst a surge in AI development, start-ups are paying white-collar professionals to teach their jobs to AI models, a trend described as both a "bonanza" and "bleak".

Political and Social Developments

Maine Democrats will hold a convention on July 25 to select a replacement for Graham Platner, who has filed paperwork to withdraw from the Senate race. Members of the Democratic Socialists of America are reportedly blasting an adviser for elevating Platner. In Washington, the U.S. and Canada have agreed to open a new Detroit bridge, the Gordie Howe International Bridge, after. Hollywood's horror-meme genre is proving lucrative, with the creator of Siren Head reportedly scoring a rich deal as studios seek the next "Backrooms"-style hit. A buckling Manhattan high-rise has become the. The New York Times has accused a federal employment agency of retaliation in a lawsuit claiming discrimination against a white male employee. Climate science critic Matthew M. Wielicki has been tapped to on global warming. In Wisconsin, a sudden storm with 80 mph winds and large waves on Geneva Lake resulted in the deaths of three children. The U.S. and Iran are reportedly being pulled back from the brink by mediators, though President Trump indicated talks would continue regardless of a cease-fire.