Meta shares rose 8.8% on reports the company plans to sell spare GPU capacity and hosted AI models under a Meta Compute brand, sending CoreWeave and Nebius shares sharply lower.
Posted inMarkets
US crypto market structure bill stalls in Senate as August recess threatens passage
The CLARITY Act’s odds of Senate passage have fallen to 48% after ethics and law-enforcement talks collapsed, with only 31 session days left before the August recess.
Posted inEconomy
Euro area inflation eases to 2.8% in June as energy costs retreat
Eurozone headline inflation fell to 2.8% in June from 3.2% in May, driven by a 1.7% monthly drop in energy costs — the first deceleration since the Middle East conflict began stressing prices.
Posted inGeopolitics
Russia strikes Kyiv with 74 missiles and 496 drones, killing at least 22 civilians
Russia launched one of its most destructive overnight attacks of 2026 on Kyiv, killing 22 and injuring dozens as 25 ballistic missiles evaded Ukraine’s air defences.
Posted inWorld
Netanyahu visits occupied south Lebanon and links pullout to Hezbollah disarmament
Netanyahu toured occupied southern Lebanon on July 1, vowing Israel will not withdraw while Hezbollah remains armed, four days after a US-brokered pilot-zone deal.
Posted inTech
OpenAI proposes a 5% US government equity stake worth $42.6 billion
OpenAI CEO Sam Altman has proposed giving the US government a 5% equity stake worth roughly $42.6 billion as part of a new AI sovereign wealth fund, the FT reported.
Posted inMarkets
Dow closes at record 52,900 as gold tops $4,182 on June payrolls miss
The Dow hit a record 52,900 on 2 July and gold surged to $4,182 as the June jobs miss slashed the odds of a Federal Reserve rate hike at its 29 July meeting.
Posted inEconomy
US payrolls miss at 57,000 in June as participation hits a five-year low
June 2026 payrolls rose by just 57,000, less than half the 113,000 consensus, as US labour force participation fell to 61.5% — its lowest since March 2021.
Posted inGeopolitics
Trump cuts NATO forces before Ankara summit as allies prepare 5% GDP spending pledge
Trump has cut 5,000 US troops from Germany and halted a Poland rotation ahead of the Ankara NATO summit on 7 July, in what Pentagon officials call ‘NATO 3.0’.
Posted inWorld
Iran opens six-day state funeral for Khamenei with 35 million expected in Tehran
Iran on 3 July opened a six-day state funeral for assassinated Supreme Leader Khamenei, expecting 35 million mourners and delegations from 30-plus countries.