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19 articles summarized · Last updated: LATEST

Last updated: July 23, 2026, 5:30 PM ET

Commodities and Energy Markets Face Volatility

U.S. stocks slid sharply as global oil prices a barrel for the first time in two months, while U.S. natural gas futures despite a weekly inventory build. Gold fell 2.4% to $4,046.50 a troy ounce, though its longer-term outlook remains strong. Newmont Corporation reported higher profits despite lower gold prices, maintaining its full-year guidance. Meanwhile, Dangote is planning to expand its Lagos refinery capacity to 1.4 million barrels per day by 2028 with a record $2.5 billion investment secured.

Tech and AI Sector Sees Mixed Fortunes

Intel shares after the chipmaker posted its fastest growth in 15 years, with revenue jumping 25% in the second quarter. However, U.S. stocks were also weighed down by earnings from Alphabet and Tesla, which. Tesla shares around 15% following a disappointing quarter, and SpaceX has fallen 50% from its highs. Goldman Sachs and JPMorgan Chase launched new products allowing investors to trade tech industry debt in $250 million increments, amid growing concerns over hyperscaler debt.

Corporate Earnings and Investment Trends

Deckers Outdoor reported a 5.7% rise in first-quarter sales, driven by continued global demand for its Hoka and Ugg brands. Vanguard data indicates that millennials and Gen Z investors are increasingly avoiding bonds. Wellington Management is reportedly passing on data-center debt deals due to concerns over property values and declining returns.

Infrastructure and Entertainment Developments

California's Port of Long Beach is to meet its growing electricity demands. In entertainment, Sony is reviving the iconic Cinerama Dome in Los Angeles, with the venue set to reopen in 2028 after renovations. The U.S. government has withdrawn subpoenas issued to New York Times journalists, a move that followed a federal judge's questions regarding the subpoenas' handling as an intimidation tactic. Separately, the Trump administration dropped a subpoena demanding a list of Jews from the University of Pennsylvania, a rare pullback in its use of inquiries as leverage.