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Tuesday, July 28
Business
Nasdaq futures fell Tuesday on AI chip concerns over heavy corporate spending and rising Chinese competition, just ahead of major Wall Street earnings.
The 1st U.S. Circuit Court of Appeals rejected the Trump administration’s request to lift an injunction blocking its mail-in voting order, secured by Democratic-led states.
Novo Nordisk filed for a U.S. court injunction Friday to immediately block Eli Lilly’s obesity and diabetes drug ads, escalating their pharmaceutical rivalry.
Zelenskyy ousted Ukraine’s defense minister as parliament accepted PM Yulia Svyrydenko’s resignation, triggering protest calls and financial uncertainty.
U.S. stock futures turned mixed Tuesday as investors faced CPI data, major bank earnings, and surging oil prices tied to U.S.-Iran tensions.
Iran attacked a container ship on the U.S.-protected Omani coast route, prompting American airstrikes. Tehran demands ships use a northern lane through Iranian waters.
Audi reported a 7% drop in global deliveries in H1, pressured by Chinese market competition and U.S. tariffs hitting the Volkswagen premium brand hard.
Trump declared a U.S.-Iran memorandum of understanding finished on Wednesday, sending Nasdaq futures to a four-week low and pushing oil prices higher.
The world absorbed over a billion barrels of lost Iranian oil supply, but depleted strategic reserves have stripped away the buffer markets relied on.
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