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United States chip stocks tumble after Anthropic plans

United States and European markets saw sharp declines in semiconductor shares after reports that Anthropic has begun early-stage development of its own artificial intelligence chips and entered talks with Samsung Electro…

United States scrutinizes Apple talks with blacklisted Chinese chipmakers

Apple Inc. is in negotiations to purchase memory chips from Chinese semiconductor makers ChangXin Memory Technologies and Yangtze Memory Technologies, both listed by the U.S. Pentagon as supporting Beijing’s military dev…

London miner Phoenix Copper announces deeply discounted share issue

In London on Thursday, Phoenix Copper Limited said it plans to raise about £2.3 million gross via a placing and subscription of roughly 460 million new ordinary shares at 0.5 pence each, a 54.5% discount to Tuesday’s 1.1…

Pembina approves power plant and joins pipeline initiative

Calgary, Canada — Pembina Pipeline on July 2 approved a final investment decision to construct the C$4.6 billion Greenlight Electricity Centre, a 932‑megawatt gas‑fired plant in Sturgeon County to power an unnamed hypers…

USDA Funds Domestic Fertilizer Expansion Amid Supply Concerns

United States. The USDA announced this week that it will make $500 million available through the new Fertilizer Investment & Expansion for Long-Term Domestic Supply (FIELDS) Program to support construction and expansion …

European Union warned of bleak semiconductor future

An EU-funded report released on Thursday warns that Europe’s semiconductor industry faces a bleak outlook unless it rapidly reinforces domestic supply chains and reduces strategic dependencies. Produced by the EU Institu…

San Francisco: Microsoft unveils $2.5 billion AI unit

In San Francisco on July 2, 2026, Microsoft announced the launch of Microsoft Frontier Company, a new operating entity backed by a $2.5 billion investment to accelerate enterprise adoption of artificial intelligence. The…

Three Nordic American Tankers Resume Operations After Gulf

Bermuda — Nordic American Tankers Ltd. said on July 2, 2026 that three of its vessels, which had been immobilized in the Arabian Gulf since February 28, 2026, transited the Strait of Hormuz and have returned to internati…

Brookfield Schedules Q2 2026 Calls, Releases Dates Confirmed

United States — Brookfield Business Corporation will host its second-quarter 2026 conference call and webcast on Friday, July 31, 2026 at 10:00 a.m. Eastern Time to discuss results and business initiatives, with results …

Yara Purchases Texas Ammonia Plant for $1.3 Billion

Oslo, Norway. Norwegian fertiliser producer Yara said on Thursday, July 2, that a subsidiary agreed to buy Gulf Coast Ammonia’s production plant in Texas from GCA Holdings LLC for $1.3 billion, with ownership transferrin…

Ohio awards $15.5M for brownfield cleanup grants

Ohio officials awarded brownfield remediation grants this week to local authorities and land banks in multiple communities, including Steubenville, Trumbull County, and North Lewisburg. The Ohio Department of Development…

Companies Report Quarterly Earnings, Revenues, And Guidance Updates

LAKE OSWEGO, Ore. Greenbrier Companies Inc. reported Wednesday that it earned $18.9 million in its fiscal third quarter, equal to $0.60 per share, on revenue of $576.5 million, and issued full-year earnings guidance of $…

Austin: Tesla begins testing mass-produced Cybercab

AUSTIN, Texas – Tesla has begun engineering tests of its first mass-produced Cybercab, an autonomous electric vehicle, at its facility in Austin, the company said on its official social media account. The Cybercab is Tes…

Zurich: FDA again rejects Galderma’s Relfydess application

Switzerland-based Galderma Group AG said on July 1, 2026, that the U.S. Food and Drug Administration has again declined to approve its wrinkle-treatment neuromodulator Relfydess (RelabotulinumtoxinA) for sale in the Unit…

California Bans 'Sell By' Labels to Reduce Waste

California enacted Assembly Bill 660 this week, banning consumer-facing "Sell By" labels and requiring manufacturers to use standardized wording starting Wednesday. The law requires products to display either "Best if Us…

United States orders Amazon to pay FCRA penalties

WASHINGTON — The Federal Trade Commission announced on June 30, 2026, that Amazon.com Inc. will pay $2.25 million in civil penalties to settle allegations it violated the Fair Credit Reporting Act. In a complaint filed i…

Miami investors sue Citadel, Virtu over Genius Group trading

On June 30, 2026, investor rights law firm Grant & Eisenhofer P.A. filed a class action lawsuit in the U.S. District Court for the Southern District of Florida against Citadel Securities LLC and Virtu Americas LLC. The c…

United States retailer exits bankruptcy, becomes Exemplar Luxury

United States – Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy on June 26, 2026, and rebranded as Exemplar Luxury Group (ELG). The …

United States insurance regulators targeted in Oracle hack

The National Association of Insurance Commissioners (NAIC), which supports state insurance regulation across all 50 U.S. states, has confirmed it was compromised in a hacking campaign exploiting an Oracle PeopleSoft zero…

Qatar Strait disruptions threaten 2026 global LNG supply

Shell PLC, in its LNG Outlook 2026, warns that global liquefied natural gas trade could stagnate or even contract in 2026 because of severe shipping disruptions in the Strait of Hormuz. The chokepoint, vital for exports …

United States paper giant to close four plants

MEMPHIS, Tennessee – International Paper, one of the world’s largest producers of fiber-based packaging and pulp, has announced plans to permanently close four facilities across the United States, resulting in approximat…

United States rejects competing 'Iceman' trademark bids

Washington — The United States Patent and Trademark Office has issued rulings that place Basketball Hall of Famer George Gervin and Chicago Bears quarterback Caleb Williams in direct conflict over federal trademark right…

Major Egg Producers Settle Over Alleged Price Manipulation

Baltimore — On Tuesday the U.S. Department of Justice, joined by 17 state attorneys general, announced settlements and a lawsuit alleging that Cal‑Maine Foods, Versova/Centrum, and Hickman's Egg Ranch coordinated bidding…

United States index move drives massive SpaceX inflows

SpaceX is being added to MSCI’s standard and large-cap global indexes effective June 29, following its record-setting initial public offering on June 12, 2026. MSCI previously indicated that SpaceX would comfortably exce…

Philadelphia-based Comcast to spin off NBCUniversal, Sky

Comcast, headquartered in Philadelphia, announced on Monday that it will split into two publicly traded companies by spinning off its NBCUniversal and Sky media assets. The move will create a standalone media and enterta…

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