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35 articles summarized · Last updated: LATEST

Last updated: August 7, 2026, 11:38 PM ET

Equity Markets

– U.S. stocks surged to fresh records after a surprisingly weak July jobs report cooled rate-hike fears. The S&P and Nasdaq capped their best week since April, while rate-hike odds tumbled as the economy lost 23,000 jobs. Manufacturing stocks stayed a bright spot and Airbnb shares soared. Wall Street’s risk complex surged anew on a deluge of cash. SpaceX shares jumped for a second day, nearing their $135 IPO price after a $327 billion rally.

Fixed Income & Currencies

– Treasury yields fell sharply after the BLS reported a loss of 23,000 jobs in July. In currencies, hedge funds slashed yen short bets following coordinated U.S.-Japan efforts that stabilized the yen.

Energy & Commodities

– Iran’s oil exports stalled as Kharg Island idled under a U.S. blockade halting tankers. U.S. natural gas futures extended losses to seven weeks on strong production and soft LNG feedgas. The Energy & Utilities roundup covers Brazilian oil-and-gas firms and Oklo. Geopolitical risk rose as Houthis claimed an attack on a Yemeni camp, killing 30 and threatening a 2022 truce.

Deals & Corporate

– Live-shopping platform Whatnot nearly doubled its valuation to $20 billion in new funding. Hedge fund Situational Awareness placed a $400 million bet on stealth chip startup Source Foundry. Canada’s PSP Investments is weighing a $1.5 billion sale of its India road portfolio. The SEC dropped an insider-trading suit against a former healthcare executive pardoned by President Trump.

Auto & Transport

– The roundup features Lyft and Daimler Truck. Separately, Mike Ashley called Harvey Nichols a “death spiral” even as he vies to acquire the department store chain.

China & Tech

– China’s anti-monopoly probe fined Trip.com RMB5.18 billion for abusing its platform power. Meanwhile, AI start-up Moonshot is restructuring to win Beijing’s nod for a Hong Kong IPO to raise fresh capital.

Macro & Policy

– The labor market reversed course in July, boosting Fed pause expectations. In trade, Canada offered concessions but demands a comprehensive deal to avoid 50% tariffs scheduled for this month.