News

Hyundai executives say they will produce and sell a pure electric vehicle in Mexico.

According to the Financial Times: Elon Musk has reached a settlement in a long-running legal dispute with X platform advertisers.

Kia CEO: Kia will invest $649 million in Mexico.

U.S. Congressman Warren asked the U.S. Securities and Exchange Commission to investigate Trump Media Company’s plan to sell APIs.

Iraqi Prime Minister's Office: The Iraqi Security Council has instructed the Ministry of Foreign Affairs to take legal action against the US and Saudi airstrikes.

The Dow Jones Industrial Average fell as much as 1%, the S&P 500 was down 0.3%, and the Nasdaq Composite was down 0.48%.

U.S. energy stocks rose, with Occidental Petroleum (OXY.N) rising more than 4%, Apache Petroleum (APA.N) rising nearly 4% and ConocoPhillips (COP.N) rising 3.5%.

Procter & Gamble (PG.N) fell 5.8% at one point, the largest drop since July 2024.

Ford Motor Co (F.N) rose 3.4% after the company raised its full-year profit forecast.

The Dow Jones Index opened on July 29 (Wednesday) down 398.29 points, or 0.76%, to 52349.03 points;The S&P 500 Index opened on July 29 (Wednesday) down 10. 87 points, a decrease of 0.15%, to 7418.35 points;The Nasdaq Composite Index opened down 47.14 points, or 0.19%, to 24829.77 points on July 29 (Wednesday).

U.S. stocks opened, with the Dow Jones Industrial Average down 0.8%, the S&P 500 Index down 0.18%, and the Nasdaq Composite Index down 0.12%. GlobalFoundries (GFS.O) rose 0.57%. The company will receive up to $300 million in funding from the U.S. government. SK Hynix (SKHY.O) fell about 1%, and SanDisk (SNDK.O) rose about 2%.

According to the British Financial Times: Ferrari reached its controversial 2026 Luce pure electric model sales target within two months.

Japan Meteorological Agency: An earthquake occurred in the Amakusa area of ​​Japan.

Nick Timiraos, "Fed Speaker": Goldman Sachs said that since the interest rate futures market is currently pricing in a one-third chance of the Fed raising interest rates today, whatever the Fed ultimately decides will be the biggest "surprise" in a non-rate-cutting meeting since 1997. If the Fed raises interest rates, it will be "the biggest meeting-day surprise other than a rate cut since the Fed began issuing statements announcing policy rate changes."

Federal Reserve: The FOMC meeting will resume as planned at 9:00 am on Wednesday.

BMW has chosen Qualcomm (QCOM.O) as its main chip supplier for the digital cockpit.

Market news: U.S. President Trump and United Airlines CEO Kirby will unveil a $22 billion plan to expand and improve Washington Dulles Airport, sources said.

US President Trump: Iran's attack yesterday was a surprise and our troops only had minutes to intercept the Iranian missiles.

The CEO of Italian oil company Eni: We are in very good negotiations with Venezuela’s state oil company and potential U.S. partners.

European natural gas prices rose as much as 5.7% due to comments made by US President Trump regarding Iran.