Public Markets 3 Hours

Last updated: July 2, 2026, 8:30 PM ET

Energy & Commodities

Oil futures eased in early trade as concerns over Middle East supply disruptions continued to subside. Tanker traffic through the Strait of Hormuz has increased, contributing to a greater flow of near-term supply amidst ongoing U.S.-Iran talks oil steadied. This development comes as Korean tanker magnate Ga-Hyun Chung has amassed the world's largest fleet of oil tankers, valued at approximately $7 billion, benefiting from opportune timing amid geopolitical tensions Korean tanker tycoon.

Public Markets & Finance

Asian stocks were poised to fall for a second day as investors continued to divest from technology shares, reflecting worries that the artificial intelligence-driven rally had outpaced fundamentals. In a fiery hearing, Judge Ana C. Reyes pressed the government for answers regarding plans for President Trump's East Potomac Golf Course, questioning denials that renovations were proceeding without authorization judge demands answers. Separately, President Trump expressed his belief that Elon Musk would donate shares of SpaceX stock to his accounts, following similar contributions from other tech executives to new investment vehicles.

Corporate & Deal News

Japanese companies have achieved the highest volume of convertible bond sales in over two decades during the first half of the year, opting for this more affordable financing method as interest rates climb Japan convertible bonds. In the United States, a heat dome has caused electricity prices to surge, leaving over 150,000 households without power as temperatures approach 40°C, straining utility grids heat dome strains grids. Meanwhile, Lockheed Martin is leading the bid to acquire naval technology group Ultra Maritime for approximately $3.5 billion, with an agreement possibly announced early next week.

Legal & Regulatory Developments

A federal judge has ruled that JPMorgan Chase must continue to cover legal defense costs for Charlie Javice, the entrepreneur convicted of defrauding the bank. Javice and her legal team have accumulated $144.2 million in expenses, which reportedly include purchases of gummy bears and cellulite butter. Egg producers have agreed to pay $3.3 million to settle a federal price-fixing lawsuit, also committing to donate over 53 million eggs to food banks and nonprofits across 17 states that joined the government's antitrust action egg producers settle lawsuit. The F.B.I. has assigned a significant number of analysts to review election records in Georgia, an expansion of an investigation into Fulton County's election office that appears linked to President Trump's unsubstantiated claims of a rigged 2020 election FBI examines Georgia election.