News

U.S. equities closed mixed on Friday: Dow Jones +0.45%, S&P 500 +0.05%, Nasdaq -0.64%. Memory/storage names led declines — SanDisk (SNDK.O) -10.79%, SK Hynix (SKHY.O) -8.81%, Micron Technology (MU.O) -6.99%; Philadelphia Semiconductor Index down 4.25%, Intel (INTC.O) -7.89%. IBM (IBM.N) +3.64%, Apple (AAPL.O) +3.53%. Nasdaq Golden Dragon China Index -0.68%; Alibaba (BABA.N) -1.67%, Baidu (BIDU.O) -1.91%.

US President Trump: The new tariffs are very standard. There are other, simpler ways to impose tariffs, and we have many forms.

U.S. President Trump: He did not speak to U.S. Energy Secretary Wright before signing the Saudi nuclear deal.

U.S. Commodity Futures Trading Commission (CFTC): In the week ending July 21, natural gas speculators in the four major NYMEX and ICE markets increased their net short positions by 5,421 lots to 55,716 lots.

US President Trump: We have many exit strategies on Iran.

US President Trump: Venezuela is not ready for elections yet, but "one day they will be."

U.S. Commodity Futures Trading Commission (CFTC): In the week ended July 21, COMEX gold speculators increased their net long positions by 4,438 lots to 123,586 lots. COMEX silver speculators reduced their net long position by 374 contracts to 10,003 contracts. COMEX copper speculators increased their net long position by 11,751 contracts to 73,685 contracts.

US President Trump: Venezuela is not ready for elections.

US President Trump: (Regarding the Saudi Nuclear Deal) Saudi Arabia should become a member of the Abraham Accords.

According to GBN News: A fire broke out at an industrial facility near Liverpool, England.

UAE Minister of Foreign Trade: It is expected that there will be relevant announcements in the Canadian energy sector soon.

FT reports Alphabet’s Waymo is exploring options to end its partnership with Uber as rivalry in the robotaxi market heats up. People familiar say Waymo has discussed terminating the deal that supports Uber’s robotaxi operations in Austin and Atlanta. Uber said Waymo notified the company it plans to operate independently in those markets from January 2028 if the contract allows. The companies began the partnership in 2023; relations have soured as they have become direct competitors in some markets and lobbied for local robotaxi rules that favor their respective businesses.

US President Trump: Nuclear energy is the wave of the future.

According to the Financial Times: Waymo is considering ending its partnership with Uber as conflicts in the self-driving taxi field deepen.

According to Saudi state television: The memorandum of understanding signed between the Saudi Public Investment Fund (PIF) and the U.S. Export-Import Bank covers areas such as advanced technology, aerospace, infrastructure, future travel, water security and mineral resources.

According to Saudi state television: A memorandum of understanding signed between the Saudi Public Investment Fund (PIF) and the U.S. Export-Import Bank establishes a financing framework to provide financial support for eligible portfolio companies to purchase U.S. goods and services.

The Saudi Arabian Public Investment Fund and the U.S. Export-Import Bank signed a memorandum of understanding worth up to $15 billion.

Google: is trying to comply with the requirements of the EU Digital Markets Act (DMA).

Google expressed concern about the impact of the recent European Commission decision and gratitude for the US government's involvement.

According to the Jerusalem Post: The U.S. State Department stated that Turkey does not meet the legal requirements to receive F-35 fighter jets and that the F-35 aircraft cannot be transferred to Turkey until it fully complies with U.S. law.