Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Markets
Belrise Industries Buys Hyva India Tipper Body Unit for $5.65 Million
Belrise Industries agreed to buy Hyva India's tipper body business for about $5.65 million, adding three plants and widening its commercial-vehicle reach.
-
Chery to Invest $75 Million in KG Mobility via Convertible Bonds
Chery will invest $75 million in KG Mobility through convertible bonds, deepening an auto technology partnership and potentially securing a sizable equity stake
-
U.S. Q2 GDP Growth Slows to 1.5%, Undershooting Forecasts
U.S. GDP grew at a 1.5% annualized rate in Q2 2026, down from 2.1% in Q1, raising fresh questions for equity valuations, Treasury yields and Fed policy.
-
Fed Holds Rates at 3.50%-3.75% as Three Officials Dissent for a Hike
The Fed kept rates at 3.50%-3.75% for a fifth meeting, with three dissenters favoring a hike, challenging soft-landing bets and delaying cut hopes.
-
FTC Filing Shows Musk Acquired APR Energy in Unannounced Deal
A May 14 FTC notice names Elon Musk as buyer of APR Energy's operating business in an unannounced deal reports value at more than $1 billion.
Uber to Buy Delivery Hero in $14.8 Billion Cash Deal
Uber agreed to buy Delivery Hero for €41.50 a share in a $14.8 billion cash deal, with closing expected in 2027 pending regulatory approvals.
Stripe and Advent bid $53 billion in cash for PayPal
Stripe and Advent have offered $60.50 a share for PayPal, valuing the payments company at more than $53 billion with $50 billion in financing.
1.2 million Korean margin accounts hit calls in KOSPI rout
Market data show 1.2 million Korean margin accounts faced calls on July 13 as the KOSPI fell nearly 9%, with up to 360,000 fully liquidated.
Fed report ties critical minerals supply to inflation risk
The Fed's July 2026 report flags commodity and supply-chain risks, tying critical-minerals policy more directly to inflation, growth and resource equities.
Fed funds futures point to October 2026 rate increase
CME fed funds futures and StreetStats data imply the effective federal funds rate rises to about 3.8% by October 2026, matching the Fed's June projection.
IMF says global disinflation has stalled in July outlook update
The IMF lifted its 2026 global inflation forecast to 4.7% and cut growth to 3.0%, raising uncertainty for rates, bonds and equities.
Global M&A Hits Record $2.8 Trillion in First Half on Megadeal Surge
Global announced M&A reached a record $2.8 trillion in H1 2026, up 48%, as 47 megadeals above $10 billion drove nearly half of total deal value.
Sinda Raises $213 Million in NYSE IPO, Shares Open 10% Lower
Sinda raised about $213 million in its NYSE IPO, but shares opened 10% below the $12 offer price as investors weighed valuation and development risk.
Bundesbank Raises Germany’s Statutory Basic Interest Rate to 1.52%
Germany’s statutory basic interest rate rose to 1.52% from July 1, following the ECB’s 2.40% refinancing rate and lifting default-interest calculations.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
Read the full story