Global TradFi & Macroeconomics

According to a statement from ConocoPhillips on July 17, the company agreed to acquire a 42% stake in BP's Kirkuk oil field in Iraq, a major project supporting the conflict-hit nation's energy recovery. The transaction encompasses over 3 billion barrels of oil equivalent with additional

SpaceX's publicly traded stock SPCX dropped to a fresh record low in midday trade on Friday, marking its sixth consecutive day of losses, despite the company setting a new target date of Monday, July 20, for its Starship's 13th test flight. The stock fell more than 6% on Friday, with the company's m

U.S. total oil rig count rose to 588 in the week ending July 17, 2026, up 7 from 581 in the prior week.

U.S. oil drilling rigs totaled 452 for the week ending July 17, up from 445 in the prior week, according to weekly data.

The U.S. natural gas rig count remained at 126 for the week ended July 17, unchanged from the prior week.

SpaceX (SPCX) stock fell to a fresh record low in midday trade on Friday, July 17, declining more than 6% and erasing over $1 trillion from its market capitalization compared to post-IPO peaks. The stock's market value dropped to approximately $1.61 trillion from an all-time high of nearly $2.7 tril

According to Bloomberg, Apple is in early settlement discussions with the U.S. Department of Justice over a 2024 antitrust lawsuit. The DOJ's complaint alleges Apple violated antitrust laws. No trial date has been set, and there is no guarantee the parties will reach an

The University of Michigan reported on July 17 that US consumer sentiment rose in July, with the preliminary consumer sentiment index reaching 54.4. This represents a 9.9% increase from June's reading of 49.5 and exceeded the market expectation of 51.0. Joanne Hsu, director of consumer surveys at th

The Federal Reserve Bank of New York's GDP Nowcast model predicts U.S. second-quarter GDP growth at 2.80%, up from the prior estimate of 2.73%.

The U.S. oil rig count for the week ending July 17 is scheduled to be announced within the next ten minutes.

On Friday, July 17, German 2-year bond yields rose 1.4bp to 2.786%, posting a weekly gain of 13.8bp, while 10-year yields climbed 6.0bp week-to-date to 3.126%. Italian 10-year yields gained 14.3bp to 3.945%, and Greek 10-year yields increased 13.4bp to 3.850% over the week, as eurozone debt

Gate News: According to the latest Gate TradFi data, OJUICE (Orange Juice) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to The Block reporting, Bitcoin fell below $63,000 on Friday (July 16) as the Coinbase Premium Index remained negative for a record 60 consecutive days, with the latest reading at -0.1025%. The prior negative streak lasted 40 days from January 16 to February 24, and prolonged negative

On Friday (July 17), UK two-year gilt yields rose 0.6bp to 4.346%, with weekly gains of 12.5bp following a sharp rally on Monday and partial pullbacks in subsequent sessions. UK 10-year yields fell 1.5bp to 4.951%, up 7.9bp over the week after Monday's significant rise. Thirty-year and 50-year gilt

According to Judge William C. Griesbach of the U.S. District Court for the Eastern District of Wisconsin, ESSA Pharma Inc. and its former executives were cleared of securities fraud allegations on July 16 when the court dismissed a proposed class-action lawsuit. The judge ruled that investors

According to the University of Michigan, U.S. consumer confidence rose to 54.4 in July (released today, July 17), up from 49.5 in June, exceeding economist expectations of 51.0. The surge was driven primarily by declining gasoline prices, which eased household living cost pressures. The one-year

According to Odaily and MSX.COM data, the U.S. storage chip sector continued to rise on July 17. SK Hynix jumped over 8%, SanDisk gained more than 4%, and Micron Technology advanced over 3%. The Philadelphia Semiconductor Index, which had plunged 5.6% earlier, narrowed losses to

BitMine Chairman Tom Lee and veteran trader Peter Brandt forecast the S&P 500 could reach 8,000 by the end of 2026, with Lee pointing to active artificial intelligence trade and improving earnings expectations as drivers. Lee described a three-stage path in which the index moves toward 7,700,

According to inflation data released in June 2026, US Consumer Price Index fell 0.4% month-over-month—the first monthly decline in six years—with headline inflation easing to 3.5% from 4.2%. Core CPI annual rate declined to 2.6%. Following the disinflationary print, Fed rate hike odds for July fell

Tom Lee and Peter Brandt predict the S&P 500 will reach 8,000 by the end of 2026. Lee forecasts a three-stage path: the index moves toward 7,700, pulls back 10-15%, then rallies above 8,000 into year-end, supported by stronger earnings and improving valuations. Brandt's technical analysis shows an a