Finance

Markets, economy, and industry.

  1. Industry

    Commerce Agrees to Fund Up to $225 Million for Bosch Silicon‑Carbide Chip Plant in Roseville

    Commerce and Bosch signed a direct funding agreement for up to $225M to expand silicon‑carbide chip production at a Roseville, California plant.

    · #bosch #semiconductors #siliconcarbide #chips #roseville

  2. Industry

    Standard Chartered launches institutional USDC minting and redemption in Dubai, echoing BNY Mellon

    Standard Chartered began offering eligible institutional clients USDC minting and redemption via its Dubai arm; BNY Mellon announced a similar Circle-linked service days earlier.

    · #stablecoin #usdc #banking #circle #bny

  3. Financial Markets

    CFTC Blocks Kalshi Emergency Rule, Orders Exchange to Honor Michigan Trades

    The CFTC halted Kalshi’s emergency rule to void Michigan trades and ordered the federally regulated exchange to honor executed positions, citing market integrity.

    · #cftc #kalshi #derivatives #michigan

  4. Economy

    U.S. Consumer Prices Fall 0.4% in June as Gasoline Plunge Triggers Largest Monthly Drop Since 2020

    Gasoline prices plunged in June, pulling headline CPI down 0.4% month-over-month; year-over-year CPI remains up 3.5% and core CPI was flat.

    · #economy #inflation #cpi #fed

  5. Industry

    FTC Secures Proposed Record $12 Million Penalty Against Edwards Lifesciences for Alleged HSR Filing Violation

    The FTC obtained a proposed record $12M penalty against Edwards and Genesis, alleging they structured a 2024 med-tech deal to dodge HSR filing requirements.

    · $EW #edwardslifesciences #antitrust #mergers #medtech

  6. Economy

    India's Retail Inflation Rises to 4.38% in June as Food Prices Accelerate

    India’s CPI inflation rose to 4.38% in June from 3.93% in May as food prices climbed; rural inflation outpaced urban, the national statistics office said.

    · #india #inflation #cpi #foodprices

  7. Financial Markets

    USDA Cuts 2026/27 U.S. Wheat Forecast; Smallest Crop Since 1970/71

    USDA's July WASDE trims U.S. 2026/27 wheat to 1.536bn bushels — the smallest harvest since 1970/71 — and tightens global grain stocks.

    · #wheat #usda #agriculture #wasde

  8. Industry

    U.K. names AWS, Google Cloud, Microsoft and Oracle as first ‘Critical Third Parties’ for finance

    HM Treasury designated AWS, Google Cloud, Microsoft and Oracle as the U.K.’s first Critical Third Parties, triggering joint Bank of England-FCA-PRA oversight.

    · #cloud #financialregulation #uk #cloudproviders

  9. Industry

    Texas Filing Shows Most of id Software’s Public Headcount Cut in Microsoft Xbox Layoffs

    Texas WARN filing shows 136 id Software layoffs tied to Microsoft's Xbox cuts, removing much of the studio's public headcount and raising concerns about lost technical knowledge.

    · $MSFT #gaming #layoffs #microsoft #idsoftware

  10. Economy

    Fed Minutes Show Officials Weigh Another Rate Hike and Signal Firmer Inflation Focus

    June Fed minutes show officials viewed inflation as too high, debated removing easing language and some said another rate hike could be warranted.

    · #fed #interest-rates #inflation #monetary-policy

  11. Industry

    FTC and Five States File Proposed 10-Year Repair-Access Settlement With John Deere

    The FTC and five states filed a proposed settlement requiring John Deere to give farmers and independent repair shops dealer-equivalent software tools and manuals for 10 years.

    · $DE #deere #righttorepair #antitrust #ftc #farmers

  12. Industry

    Apple deepens Broadcom tie with multiyear chip pact, $1.5 billion Fort Collins expansion

    Apple and Broadcom extend ties through 2031 in deals set to exceed $30B, produce 15 billion U.S.-made chips and fund a $1.5B Fort Collins expansion.

    · $AAPL $AVGO #apple #broadcom #chips #manufacturing #fortcollins

  13. Industry

    Judge Revives New York Fraud Claim Against DCG and Barry Silbert in Genesis Yield Lawsuit

    A Connecticut federal judge revived a New York common-law fraud claim against Digital Currency Group and Barry Silbert in the Genesis Yield investor suit.

    · #cryptocurrency #law #digitalcurrencygroup #genesis

  14. Industry

    Toyota to Invest $3.6 Billion to Double San Antonio Plant, Add Tacoma Line and 2,000 Jobs

    Toyota will invest $3.6 billion to double its San Antonio plant, add a second Tacoma assembly line and create 2,000 jobs as production shifts from Mexico.

    · $TM #toyota #automotive #manufacturing #sanantonio #texas

  15. Industry

    TeraWulf Signs 20-Year Lease with Anthropic for Kentucky AI Campus, Sees $19 Billion in Contracted Lease Revenue

    TeraWulf said Anthropic will lease a 401 MW AI/HPC campus in Hawesville, Kentucky under a 20-year deal the company values at about $19 billion.

    · $WULF #terawulf #anthropic #ai #datacenters

  16. Industry

    FCA review warns agentic AI could reshape UK retail financial services by 2030, sets out seven regulatory steps

    FCA review warns agentic AI could reshape UK retail financial services by 2030 and recommends seven regulatory steps to manage benefits and risks.

    · #ai #financial-services #regulation #fca

  17. Industry

    Navient says law-firm ransomware exposed borrower Social Security numbers

    Navient told the SEC a ransomware attack on an outside law firm accessed borrower data — including names, addresses, dates of birth and Social Security numbers.

    · $NAVI #navient #data-breach #cybersecurity #student-loans

  18. Economy

    Bank of Canada staff paper finds supply shocks drove majority of Canada's post‑pandemic inflation

    A Bank of Canada staff paper finds supply-side pressures, not demand, accounted for the larger share of Canada’s post-pandemic inflation surge.

    · #canada #inflation #bankofcanada #monetarypolicy

  19. Industry

    Krafton, Unknown Worlds Settle Earnout Dispute Over Subnautica 2; CEO Ted Gill to Step Down

    Krafton and Unknown Worlds reportedly settled a yearlong earnout dispute over up to $250M tied to Subnautica 2, with bonuses reportedly extended to all staff.

    · #krafton #unknownworlds #subnautica2 #earnout