Good morning.
The Fast Five → US revokes Iran oil sales authorization, SpaceX shares stumble in Nasdaq-100 debut, memory stocks dragged into a bear market, DeepSeek is developing its own AI chip, and traders dump tech bonds to make room for Amazon debt deal...
📌 A terrifying historical pattern just reappeared →
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
FOMC Meeting Minutes, 2:00P
Tomorrow:
Unemployment Rate, 8:30A
Your 5-minute briefing for Wednesday, July 8:
BEFORE THE OPEN
As of market close 7/7/2026.
Pre-Market:
Market Wrap:
Futures: Dow -29 (-0.1%), S&P -0.1%, Nasdaq -0.1%
Oil climbed after fresh US strikes against Iran
Dow gave up an early record as tech stocks weakened
Chipmakers led the Nasdaq lower amid AI profit-taking
Fed minutes may offer clues on Warsh's policy outlook
Markets remain focused on inflation and rate expectations
Today: Fed minutes @ 2 pm ET
EARNINGS
Here’s what we’re watching today:
Today: Levi Strauss $LEVI ( ▼ 2.43% )
THU:
*PepsiCo $PEP ( ▼ 0.58% ) - $2.21 EPS (+4.2% YoY), on $24B revenue (+5.7% YoY)
FRI:
*Delta $DAL ( ▼ 2.71% ) - $1.47 EPS (-30% YoY) on $18.9B revenue (+13.2% YoY)
Urgent Warning for All American Investors —
Your portfolio might look healthy today.
But according to a highly guarded investment secret, a wealth-destroying event is unfolding as we speak. And the mainstream media is completely missing it.
If you depend on your IRA or 401(k) to survive … if you're heavily invested in Wall Street's "safe" blue-chip stocks …
Find out all about the hidden market trap and take action now.
- a sponsored message from Weiss Ratings -
HEADLINES
Micron, Samsung, SK Hynix, and the Roundhill Memory ETF (DRAM) are all down more than 20% from recent closing highs, turning one of 2026's hottest trades into a bear market.
DeepSeek is developing its own AI chip, Reuters reported, in a move that could reshape China’s domestic semiconductor race while also ramping up pressure on US chip giant Nvidia.
Dow, S&P, Nasdaq fall as Samsung, DeepSeek spark chip sell-off (more)
US revokes Iran oil sales authorization after tanker attacks (more)
Fed proposes changes to anti-money laundering rules for banks (more)
Chip stocks sell off after Samsung earnings fall short of high AI bar (more)
Asian stocks mostly decline on a sell-off of chip shares (more)
US consumers' inflation expectations rose in June (more)
Oil prices rise more than 2% after attacks on tankers in Strait of Hormuz (more)
SpaceX shares stumble in Nasdaq-100 debut (more)
Amazon aims to raise $25 billion from bond sale (more)
Traders are dumping tech bonds to make room for Amazon debt deal (more)
Microsoft replaces OpenAI, Anthropic with own AI in some apps (more)
Meta debuts Muse Image, Superintelligence Labs' first AI image model (more)
Perplexity to use Nvidia's new CPUs for AI agent tasks (more)
SK Hynix US listing said to be multiple times oversubscribed (more)
Rivian stock falls 15% as company sells 75M shares to raise capital (more)
Private-equity firms are sitting on a nine-year backlog (more)
JPMorgan, BofA, other banks explore a deal to shake up payments world (more)
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance (more)
DEALFLOW
M+A | Investments
MasTec to acquire electrical contractor Superior Group in $1.65B deal
Abu Dhabi royal family firm to invest $1.13B in LNG company MidOcean
EnergyX secures $225M strategic equity investment from Eni
Corestream receives investment from Lightyear Capital
Meaden & Moore receives investment from Unity Partners
Rocketlane receives investment from Atlassian Ventures
ExchangiFi receives investment from Prosperity Venture Partners
Barracuda Networks acquires Evo Security
Flutterwave receives investment from Circle Ventures
Corestream receives investment from Lightyear Capital
VC
Oratomic, a developer of quantum computing architectures and quantum-error correction systems, raised $300M in Series A funding
Quaise Energy, a developer of utility-scale superhot geothermal energy, raised $134M in Series B funding
Norm Ai, a company building agentic law by embedding law into AI agents for high-stakes work, raised $120M in funding
EDX Markets, a digital asset technology firm, raised $76M in Series C funding
Tangos, an autonomous AI platform for financial crime investigations, raised $20M in Seed funding
Agave, a provider of an AI platform for construction financials, raised $15M in Series A funding
One Raven, a smart home startup, raised $5M in Seed funding
Octozi, an AI company that automates clinical development workflows for pharmaceutical sponsors, raised $3M in Seed funding
Callie Care, an AgeTech startup, closed a $500K Pre-Seed funding round
CRYPTO
SEC to propose crypto rule as soon as this month to ease startups, fundraising (more)
SpaceX IPO powers record $3.86B in tokenized equities trading in June (more)
Vanguard searching for digital assets leader in sign of evolving crypto strategy (more)
Coinbase secures UK authorization to offer traditional investments alongside crypto (more)
BULLISH BITES
👀 Will someone finally blink in the AI spending war?
💼 Forget Wall Street. Elite students are spending their summers on startup dreams.
🎞️ Film photography is making a comeback.
🪐 Ten spectacular images from this year’s Astronomy Photographer of the Year competition.
DAILY SHARES
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