Track the evolution of major financial and economic events
Mining Americas Inc. commenced trading its common shares on the Toronto Stock Exchange (TSX) effective July 3, 2026, and its shares were delisted from the TSX Venture Exchange (TSXV) in conjunction with its graduation to TSX. On July 6, Magna Mining announced a C$140 million strategic investment from Alpayana, which will hold an approximate 19.9% equity stake in Magna Mining upon closing. Additionally, Goldgroup Mining received the final order from the British Columbia Supreme Court approving the plan of arrangement and merger with Gold Resource Corporation, with the merger arrangement expected to close on or about July 17, 2026, subject to the satisfaction of remaining closing conditions.
On July 3, Caesars Entertainment expanded its digital gaming partnership with Wabanaki Nations in Maine by adding three new iGaming platforms. The company faces a Zacks Rank #5 (Strong Sell) rating due to reduced earnings estimates and concerns over substantial debt. On July 6, Caesars announced it would not host a Q2 earnings call due to its pending merger agreement with Fertitta Entertainment. Caesars' stock will be delisted from NASDAQ, and the company will become a private entity upon completion of the merger, valued at approximately $17.6 billion.
Citi raised its price target for Currys PLC from 168p to 184p and maintained a 'buy' rating following the retailer's reported adjusted pre-tax profit of £191 million. Separately, the bank noted that Associated British Foods' completed acquisition of Hovis may modestly impact 2027 earnings. Additionally, Citi reiterated a 'buy' rating on Weir Group PLC despite trimming its price target to 3,150p, citing value following a recent sell-off.
The EUR/USD pair remains below the key resistance level of 1.1499, supporting a continued downward trend. A break of the 1.1323 support level could target the 100% projection at 1.1175. The pair has stayed in consolidation above 1.1323 with the overall outlook remaining bearish. Further decline is expected as long as the 1.1499 resistance level remains intact.
F&V Capital Management initiated new stakes in The Boeing Company and Devon Energy, valued at $7.7 million and $9.48 million respectively. Meanwhile, Denmark's defence ministry announced the purchase of two P-8A Poseidon aircraft from Boeing. Additionally, Philippine Airlines is set to order 15 Boeing 787-10 jets, marking its first purchase from the manufacturer in nearly two decades.
The Eurozone economy stabilized in June as inflation rates declined, leading to a stabilization in bond yields and a drop in German 10-year government bond yields. By mid-July, European bond yields held steady near their highest levels in several weeks. These movements are primarily driven by investor concerns regarding persistent inflation pressures within the Eurozone.
Pluxee shares rose after third-quarter organic revenue fell by 3.3%, performing better than the 4.3% decline anticipated by analysts. Meanwhile, Children’s Place stock dropped following the company's decision to draw $15 million from its credit facility. Additionally, ME Group reported an increase in revenue for the first half of the 2026 fiscal year.
On July 3, a new report focused on analyst upgrades for Uber stock and the company's key growth metrics. The analysis addressed Uber's market position and industry trends impacting the stock's valuation. On July 5, Uber paused its food delivery expansion plans in Europe to focus on a potential deal with Delivery Hero. On July 7, a total of 85,553 Uber options contracts were traded, and the total open interest for Uber Technologies reached 1.15 million contracts.
Bitcoin ETFs experienced outflows totaling $8.95 billion over the past two months, with $296 million in net outflows recorded in the 24 hours leading up to July 3. On July 9, Bitcoin spot ETFs posted a fresh net outflow of $85 million, marking the end of a streak of outflows totaling $2.7 billion without a clear recovery in demand.
Ondo Finance tokenized Micron shares and BlackRock’s IVV ETF on the Ethereum blockchain using the SEC's custodial model, though these tokens remain unavailable to US investors. Meanwhile, the Intercontinental Exchange (ICE) announced the August launch of new futures contracts despite JPMorgan's warnings regarding rising competition and retail adoption risks. Additionally, BlackRock’s BUIDL fund saw significant growth, with total assets under management reaching $2.87 billion, highlighting strong institutional demand for tokenized Treasuries.
FirstEnergy Corp is focusing on regulated electric utility operations and grid modernization to ensure stable returns. On July 3, AES Indiana announced plans to replace approximately 70,000 legacy streetlights with LED units by 2026. On July 7, FirstEnergy Corp began a multi-year investment cycle aimed at enhancing grid reliability and modernizing infrastructure.
On July 2, TradingView expanded its market coverage by adding real-time data for Hyperliquid and Trade[XYZ]. On July 3, the Hyperliquid crypto asset is facing a critical technical decision point at the $75 level. Hyperliquid is noted as one of the few large-cap crypto assets maintaining a long-term bullish trend. On July 4, Hyperliquid recorded $116 million in net inflows within a single 24-hour period.
Blackstone's private equity fund for wealthy clients recorded its best monthly performance in May. The fund's strong performance was largely driven by its investment in AI startup Anthropic. The Destiny Tech100 Fund (DXYZ) provides liquid access for non-qualified investors to invest in major private tech firms like SpaceX and Anthropic. AI startup Anthropic has confidentially filed with the SEC to go public through an initial public offering.
On July 2, Leverage Shares launched the 2x Long SKHX and 1x Short SKHZ ETFs for SK Hynix. On July 6, hedge fund Situational Awareness joined UK investor Baillie Gifford in backing the US IPO of South Korean memory maker SK Hynix. On July 7, Corgi announced plans to list a 2x Long SK Hynix ETF on July 13, tracking double the daily performance of the chipmaker. The new ETF will have an expense ratio of 0.50%, among the lowest for single-stock leveraged ETFs.
Bitcoin's price climbed back above the $60,000 threshold on July 2 following a downturn in June. On July 3, Bitcoin is attempting a short-term recovery after weeks of sustained selling pressure. Buyers have defended a key support zone, but the broader trend remains fragile. A genuine recovery depends on breaking above major technical resistance levels, specifically the $72,000 mark.
Meta's stock price surged following reports of a new cloud computing business unit for external customers. The company is investing approximately $9 billion to build its first large-scale Canadian data center in Alberta with a 1 gigawatt capacity. Additionally, Meta plans to launch a new AI chip in September, aiming to double its computing capacity to further support AI technologies.
On July 2, Securitize, a crypto firm specializing in asset tokenization, went public and saw its stock rise by 3% on its debut. The company raised $400 million following its merger with a special-purpose acquisition vehicle. On July 4, Securitize tokenized $295 million in stock on the Solana blockchain at the time of its IPO. However, on July 7, BlackRock-backed Securitize saw its share price drop by 40% following its public market debut.
Bitcoin Core developer Jon Atack warned users to pause transactions during the second week of August 2026 due to potential network reorganization risks linked to the BIP-110 activation window. The warning was posted on X on June 29, 2026. In another development, a motion to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, valued at approximately $229 billion, was filed. Additionally, Bitcoin Standard Treasury Company and Cantor Equity Partners have postponed their planned SPAC merger to renegotiate the terms of the agreement.
The largest U.S. power grid, PJM, is facing record electricity demand due to a heat dome and the expansion of data centers. On July 2, the grid began rerouting power traffic and dispatching costly fossil fuel plants to prevent outages. On July 3, electricity prices tripled on the PJM Interconnection grid, which serves 67 million people across 13 states, as power demand surged to approximately 163 gigawatts, nearing the all-time record set in 2006. On July 6, New Jersey lawmakers passed a bill directing the Board of Public Utilities to establish a dedicated tariff for data centers with 50MW capacity or more.
ICE shares rose 2.9% following the announcement of plans to launch GPU compute futures contracts with NATIVX. This move aims to enter the high-tech market driven by demand for artificial intelligence computing. On July 6, ICE reported a 20% year-over-year increase in total open interest for June and the second quarter of 2026. On July 7, UBS lowered its price target for ICE shares from $205 to $190 but maintained a 'Buy' rating despite the reduction, which is attributed to weaker-than-expected trading volumes in Q2 2026.
PepsiCo is scheduled to report its financial results next week, with Wall Street expecting earnings growth. Analysis suggests the company may not possess the ideal combination of factors for a likely earnings beat. Financial markets are awaiting PepsiCo's earnings results amid uncertainty over a potential beat. The annual Sun Valley Conference, gathering tech and media leaders, is set to begin on the same day.
Hub Group faces a securities class action lawsuit following mixed Q2 2026 results, where earnings per share missed estimates despite revenue exceeding expectations. The lawsuit alleges that the company issued materially false and misleading financial statements between 2023 and 2026. Hub Group has admitted that its past financial reports were unreliable and has taken corrective actions against two senior executives.
General Mills' stock surged 8.5% after the company reported Q4 adjusted earnings of $0.95 per share, beating estimates of $0.82. Management highlighted exceptional growth in the cat food segment amid the 'humanization' of pets trend. The company also announced a restructuring plan aiming to cut costs by $3 billion by mid-2030.
Robinhood launched its public blockchain, Robinhood Chain, on July 1 to compete in the DeFi sector with tokenized stocks and decentralized lending products. The expansion included a 7% APY offer for the USDG stablecoin within its Earn program. Within its first week of launch, the new chain reached a significant milestone of $1 billion in decentralized exchange (DEX) volume.
