Global TradFi & Macroeconomics

According to Jin10, domestic gold jewelry prices rose approximately 8 yuan per gram on July 23 compared to the previous day. Multiple domestic brands' gold jewelry products are now trading in the range of 1253-1258 yuan per gram.

International Business Machines Corp. (IBM) reported second-quarter revenue of $17.16 billion on Wednesday, missing Wall Street's $17.26 billion estimate, and cut its 2026 constant-currency revenue growth outlook to 4%-5% from more than 5%. Management attributed the shortfall to delayed closures of

According to Alphabet's earnings report Wednesday evening, Micron Technology jumped 2.5% overnight after the company raised its 2026 capital expenditure forecast by $15 billion. SanDisk, Western Digital, and SK Hynix each rose about 2%, with the Roundhill Memory ETF (DRAM) climbing 2.6%. Google's in

U.S. stock indices closed lower on Wednesday as oil prices surged following escalated tensions between the U.S. and Iran. The S&P 500 ended 0.2% lower at 7,498.96, while the Nasdaq 100 slipped 0.5% to 28,998.10 and the Dow Jones Industrial Average closed flat at 52,218.58. Brent crude futures

According to Tesla CFO Vaibhav Taneja on Wednesday, Tesla reported a $1-billion mark-to-market gain on its SpaceX holdings in the second quarter of 2026. The gain was partially offset by approximately $300 million in foreign exchange losses and $100 million in Bitcoin losses. SPCX shares closed

According to Fiscal.ai, ServiceNow reported second-quarter revenue of $3.99 billion on Wednesday, beating the consensus estimate of $3.92 billion. Adjusted earnings per share came in at $0.90, topping the $0.86 consensus estimate. The company's shares jumped 7% in after-hours trading following the r

According to Fiscal.ai, IBM reported second-quarter revenue of $17.16 billion on Wednesday, missing the $17.26 billion consensus estimate as infrastructure sales declined 7% year-over-year. The company also trimmed its 2026 constant-currency revenue growth guidance to 4%-5%, down from its prior

According to Bank of America's research on July 23, the server CPU market could reach $170 billion by 2030, roughly four times its current level, as Nvidia's new Vera CPU architecture intensifies competition with AMD in AI server platforms. The competitive focus has shifted from single-chip

The Bank of Korea released an issue analysis report on July 23 assessing that monetary policy uncertainty has increased due to the Federal Reserve's moves to overhaul its policy framework under Chairman Kevin Warsh. The BOK stated that forward guidance reduction and balance sheet contraction

According to BlockBeats, on July 23, the company completed the team merger of HyperInsight, an on-chain data tracking platform specializing in monitoring U.S. stocks, cryptocurrencies, and commodity futures markets. HyperInsight's data capabilities will be fully integrated into BlockBeats Pro, a

According to Goldman Sachs on July 23, the bank's trading desk believes the semiconductor rebound is likely to continue. The report notes that hedge funds have liquidated approximately 80% of their cumulative net long positions in global semiconductor and equipment stocks since mid-June, but over th

According to local residents, Ukrainian drones attacked a Russian oil refinery near a key Russian logistics center on July 23, with explosions reported in the area.

On July 22, Baidu received confirmation from Hong Kong Stock Exchange (HKEX) for its application to convert to dual primary listing, according to the company's official announcement. The primary listing conversion is expected to take effect within 2026, pending HKEX approval. Upon conversion, Baidu

On July 23, 2026, SpaceX (SPCX) closed at $115.26, down 6.70% on the day, again setting a new lowest closing price since it began trading. Looking at a longer time horizon, SpaceX went public on June 12 at an issue price of $135, surged to a historical high of $225.64 by the third trading day after listing. Since then, the stock has entered a one-way downtrend channel. As of the close on July 23, the price is down 14.6% from the IPO issue price and has retraced as much as 48.9% from the historic

According to BlockBeats, on July 23, GME tokenized stock on Robinhood Crypto reached approximately 10x premium versus real stock price amid surging trading activity. The underlying liquidity pool, with only $200,000 in size, saw rapid price deviation due to heavy buy pressure. Official Mint

A 24-year-old South Korean college student, Lee Seung-ho, started trading stocks using five times margin leverage with a KRW 20 million principal. In less than half a year, he grew his assets to nearly KRW 300 million (a return of more than 15 times). He was then liquidated by his broker amid sharp swings in the KOSPI Index, wiping both his principal and profits to zero. Even so, he told Reuters that “once I reaccumulate enough capital, I will still continue using margin loans.” Lee Seung-ho’s t

According to Tesla's quarterly earnings released on July 22, the company reported Q2 revenue of $28.236 billion, up 26% year-over-year, but net profit declined 5% to $1.114 billion. Adjusted net income fell 17% to $1.153 billion. Key metrics underperformed expectations: Q2 EPS came in at $0.33,

According to Zhitong Finance, Dizhe Pharmaceutical (江苏迪哲医药股份有限公司)'s Hong Kong IPO prospectus, initially submitted on January 23, 2026, expired on July 23, 2026, as it exceeded the six-month validity window. Goldman Sachs and China International Capital Corporation served as joint sponsors for the pr

Hong Kong stocks closed strongly today, with the Hang Seng Index rising 278 points or 1.12% to 25,170 as of 10:47 AM HK time, according to HKEJ market data. The index had climbed over 300 points intraday, briefly reaching 25,196 before paring gains. The National Index gained 86 points or 1.04% to 8,

According to Bloomberg, Wall Street banks including Bank of America and Morgan Stanley have begun trading a $35 billion financing package for Broadcom and Anthropic's AI infrastructure expansion. Apollo Global Management arranged the package with Blackstone, with bonds priced at approximately par