Asia Equities Mostly Decline on AI Concerns
Asia-Pacific equities mostly declined, as a pullback in U.S. chip stocks fueled concerns about the longevity of artificial-intelligence enthusiasm and weighed on chip-heavy South Korea.
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U.S. to Impose 25% Tariff on Certain Goods From Brazil
The move follows a yearlong investigation by U.S. trade officials into what they described as unfair trade practices.
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Wall Street Traders Are Having Their Best Year Ever
JPMorgan, Goldman and other big banks are raking in trading revenue this year as "the market is clearly extremely risk-on."
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Trump Leans Toward Expanding U.S. Military Operations in Iran
While preferring diplomacy, the president was briefed this week on options, including the use of ground troops and bombing the nuclear-linked Pickaxe Mountain site.
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Bank of Korea Raises Rate for First Time Since 2023
South Korea's central bank joined global peers in tightening monetary policy to counter inflationary pressures fueled by the U.S.-Iran conflict.
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U.S. Producer-Price Index Fell in June
The producer-price index declined by 0.3% in June, the Labor Department said, after increasing by an elevated 0.6% in May. Analysts had estimated that producer prices held steady last month.
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U.S. Crude Oil Stockpiles Post Weekly Withdrawal
Commercial crude oil stocks fell by 1.7 million barrels last week. Analysts expected crude stocks to decline by 900,000 barrels.
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Banks Are on a Goldilocks Run. Don't Assume It Will Last.
Virtually everything worked in big banks' favor in the second quarter, but there is no shortage of things that could go wrong.
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Bank of Canada Keeps Policy Rate Unchanged Amid Signs of Economic Recovery
The central bank offered an updated outlook which predicts economic growth to ramp up markedly in the second quarter and remain in positive territory through 2028.
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JPMorgan, BlackRock and Goldman to Tokenize Stocks, Treasurys
Trade processor DTCC is launching a trial run with Wall Street firms to convert assets into digital tokens.
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China's Crude Buying Pause Has Helped Cushion the Market. That Might Be Changing.
A prolonged slump in China's crude buying might be nearing an end, removing a key cushion for the global oil market just as renewed U.S.-Iran tensions put Gulf supplies at risk once again, according to some market watchers.
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IMF Sees Reduced Cushion Against Oil Disruption for Global Economy
The global economy has less capacity to cushion the blow from a reduction in energy supplies moving through the Strait of Hormuz as the U.S. and Iran resume hostilities, the International Monetary Fund said.
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Eurozone Industrial Production Fell Unexpectedly in May
Eurozone industrial output in May snapped a three-month streak of resilient activity in the face of higher energy costs following the conflict between the U.S. and Iran.
(END) Dow Jones Newswires
July 16, 2026 01:00 ET (05:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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