Global TradFi & Macroeconomics

Gate introduced stock copy trading on July 24, allowing users to replicate experienced portfolio managers' trading activity across U.S., Hong Kong, and South Korean equities, as well as ETFs. The feature, available via mobile app version 8.29.0 or later, enables fractional share purchases starting a

According to Deutsche Bank, the bank raised its price target for Raytheon Technologies (RTX) to $238 from $228 today (July 24), representing an upside of approximately 4.4%.

According to S&P Global, the UK services sector purchasing managers' index (PMI) came in at a preliminary reading of 51.8 in July, marking the highest level in three months, according to data released on July 24. Services activity reversed course from June's 48.8 reading, moving back into

American Express reported second-quarter earnings per share of $4.53, beating estimates of $4.41. Revenue came in at $19.64 billion, slightly below the expected $19.69 billion. The company raised its full-year revenue growth forecast to 10% from the prior guidance of 9% to 10%. American Express

Major auction houses Sotheby's and Christie's reported nearly $10 billion in combined sales in the first half, marking one of the strongest starts as wealthy buyers gained confidence from soaring stock markets. Sotheby's achieved its best first half ever with $4.4 billion in sales, up 58% from

According to auction houses' reports, Sotheby's and Christie's reported record first-half sales in 2026, with Sotheby's reaching $4.4 billion (up 58% year-over-year) and Christie's reporting $4.5 billion (up 71%), marking their strongest starts to a year. Eight lots sold for more than $50 million in

According to CoinDesk, as Bitcoin prices fell from around $126,000 in October 2025 to approximately $63,000—a decline of roughly 50%—publicly listed cryptocurrency treasury companies began offloading BTC holdings this week to repay debt and fund operations. Satsuma Technology shareholders approved l

According to BlockBeats, Baird on July 24 raised Advanced Micro Devices (AMD) price target to $1,250 from $625 while maintaining an "outperform" rating, a 100% increase driven by strong growth expectations for AMD's AI GPU and AI CPU platforms. In its forecast model, Baird assumes AMD will

XRP trades near $1.11, remaining well below the $2.68 to $2.77 breakout zone as the cup and handle pattern tracked for weeks now faces invalidation. Ripple introduced a dedicated Mint function to streamline RLUSD issuance, targeting minting delays and improving settlement predictability. The stall r

Schlumberger reported second-quarter revenue of $8.97 billion, exceeding the expected $8.69 billion. Adjusted earnings per share came in at 55 cents versus the 51-cent forecast. The company's adjusted EBITDA for the quarter reached $1.9 billion against the anticipated $1.78 billion. The stock

According to MoneyDJ, Hong Kong's Hang Seng Index fell 0.98% to 24,963.23 points on July 24, while the Hang Seng Tech Index declined 1.47% to 4,629.51 points. Despite today's decline, the Hang Seng Index posted weekly gains of 1.63%, extending its fourth consecutive week in the green. The weakness w

According to the China Securities Regulatory Commission on July 24, Taotao Auto obtained approval to issue no more than 13,933,950 shares and list on the Hong Kong Stock Exchange. According to the prospectus, the company ranked first globally in the electric low-speed vehicle industry by revenue in

According to Beating, Zhiyuan Innovation has officially launched its Hong Kong IPO process. The three-year-old general AI robot company previously denied Hong Kong listing rumors twice last year and has now publicly confirmed its

South Korea's five major financial groups—KB, Shinhan, Hana, Woori, and NH Nonghyup—posted combined net profit of 13.1 trillion Korean won in the first half of 2026, marking their highest semi-annual result on record. The gains were driven by rising market

HSBC analysts initiated coverage of Space Exploration Technologies Corp. (SPCX) stock with a Hold rating and a $115 price target, according to TheFly. Shares have fallen approximately 13% from the initial public offering price of $135, trading down 2% in Friday's pre-market session. The firm cited c

According to Bloomberg, on July 23, SpaceX has begun turning away satellite operators seeking dedicated Falcon 9 launches beyond 2028 and halted rideshare reservations, pausing production of non-reusable Falcon components. HSBC analysts initiated coverage with a 'Hold' rating and $115 price

According to CNN Brasil, Brazil's B3 stock exchange has backed a 100,000 Brazilian reais ($19,600) loan with tokenized cattle from 10 dairy cows sourced from Fazenda Engenho Velho in Paraná state, valued at approximately 120,000 Brazilian reais ($23,500).

Super Micro Computer disclosed preliminary fiscal Q4 2026 results on 21 July, revealing new orders exceeding $60 billion and raising gross margin guidance to 15%-17% from 8.2%-8.4%, while warning revenue would land near the low end of its $11.0 billion to $12.5 billion range. SMCI closed at $31.20 o

According to filings released by China Securities Regulatory Commission on July 24, Zhenqu Technology has received approval for its Hong Kong IPO with plans to issue up to 35.2 million shares on Hong Kong Stock Exchange. Additionally, 56 shareholders of the electric control solutions provider will c

According to the China Securities Regulatory Commission (CSRC), Xiaoxi Lake Culture and Tourism Co., Ltd., a state-owned water tourism service provider based in Yangzhou, Jiangsu Province, secured approval for Hong Kong listing on July 24. The company plans to issue no more than 51,473,600 common