BANKING & FINANCE

President Trump warns Iran to reopen the Strait of Hormuz, as oil prices fall on hopes of a shipping deal. Negotiations show progress, but tensions remain high in the volatile region.

Bellevue Gold Ltd's shares rose 8.08% following record annual production and an upgraded outlook for FY27, reflecting strong operational execution and a favourable gold price environment.

Pinnacle Investment Management reported a 31% increase in net profit and record funds under management, driven by international expansion and strong inflows, despite a sluggish Australian market.

President Trump criticises ExxonMobil and Chevron for high profits amid the Iran conflict, urging them to lower consumer prices. Oil prices have surged, impacting American drivers significantly.

The Powerball jackpot has reached $748 million, prompting financial advisors to offer crucial advice for potential winners on securing their ticket, choosing payout options, and managing sudden wealth.

CoreWeave partners with Leidos to deliver secure AI cloud services to U.S. defense and intelligence agencies, aiming to expand its market beyond commercial AI customers into government sectors.

Chime Financial's stock rose over 4% as it announced a 10% workforce reduction and product expansion, aiming for efficiency and growth ahead of its second-quarter earnings report.

U.S. stocks opened higher after Trump cancelled a military strike on Iran, opting for diplomacy. This decision lowered oil prices and boosted market sentiment amid a busy earnings week.

Toyota shares fell 3.37% due to a stronger yen after a joint intervention by Japan and the U.S., affecting the automaker's earnings outlook ahead of its first-quarter report.

Japan's Nikkei 225 index fell 0.94% after a rare U.S.-Japan currency intervention strengthened the yen, impacting export-dependent manufacturers. The move marks the first coordinated intervention in decades.

The US and Japan have jointly intervened to support the yen, marking the first such action since 1998, aiming to stabilise the currency amid economic pressures and signal diplomatic friendship.

Capital One defends its decision to close Trump Organization accounts, citing anti-money laundering concerns. The bank seeks dismissal of a lawsuit alleging political bias, highlighting compliance-driven motives.

President Trump held a Cabinet meeting at Camp David to address the escalating conflict with Iran, which continues to impact global oil markets and regional stability.

Intercontinental Exchange (ICE) announces a $6 billion all-cash acquisition of MarketAxess, aiming to enhance its bond market presence. The deal promises increased transparency and efficiency in fixed-income trading.

The Powerball jackpot has reached $707 million, with no winner from the latest draw. Winners face significant tax implications and must choose between a lump-sum payout or annual installments.

Three Bitcoin holders are suing Apple, alleging the company allowed a counterfeit Sparrow Wallet app on its App Store, resulting in $1.8 million in stolen cryptocurrency. The lawsuit raises questions about Apple's responsibility for third-party apps.

Maritime traffic in the Strait of Hormuz shows early signs of recovery as a pause in US-Iran hostilities enters its second day, though regional risks persist.

Oil prices fell sharply as US-Iran tensions eased, raising hopes for diplomatic solutions. Despite the pause, shipping traffic through critical waterways remains limited, with analysts cautious about long-term stability.

American Express shares rose 2.41% after reporting strong Q2 results, with increased revenue and card member spending. The company plans to reinvest in growth, focusing on premium products and younger customers.

Mastercard shares rose 2.19% as investors anticipate strong second-quarter earnings, driven by bullish analyst forecasts and resilient consumer spending. Analysts expect continued growth and positive financial performance.

Bitcoin sees modest gains amidst a prolonged bear market, influenced by geopolitical tensions and market dynamics. Analysts remain divided on its future, with key events ahead potentially shaping its trajectory.

The Swiss Market Index rose as U.S.-Iran tensions eased, boosting European markets and lowering oil prices. Defensive stocks like Roche and Novartis led the gains amid ongoing geopolitical uncertainties.

Spain's IBEX 35 index rose amid easing U.S.-Iran tensions, boosting investor sentiment. The rally coincides with a mixed earnings season for Spanish companies, highlighting ongoing market volatility.

European stocks, including France's CAC 40, rose as oil prices fell due to eased US-Iran tensions. Investors anticipate major US tech earnings, impacting market sentiment.

Indian stock indices Sensex and Nifty 50 surged on Monday, driven by gains in banking, IT, and consumer goods sectors, amid a weaker dollar and shifting investor sentiment favouring emerging markets.

Tanker traffic in the Strait of Hormuz has nearly stopped due to escalating attacks, causing global oil prices to surge. The ongoing conflict between the U.S., Israel, and Iran threatens global energy stability.

Executive perks at major U.S. companies are surging, with security costs leading the way. This trend highlights growing concerns over executive safety and the broader implications for corporate governance.

Australia's ASX 200 fell 0.31% as global tech giants Alphabet and Tesla reported disappointing earnings, impacting markets. Local energy and gold stocks provided some support amid rising oil prices.

M&T Bank customers experienced a widespread digital banking outage, affecting access to mobile and online platforms. The disruption, reported by thousands, highlights recurring service issues at the bank.