Editorial briefings
Four scheduled briefings per week — pre-Europe and pre-US session opens on weekdays, plus weekend catch-up and weekly wrap. Curated from public filings and verified news sources.
Good morning. Today's Weekly Wrap brief is ready for subscribers.
Brent crude surges toward $110 as Hormuz attacks intensify and AI stocks rout deepens
A turbulent week dominated by Middle East energy supply disruptions, a tech sector selloff, and hotter-than-expected US inflation data reigniting rate hike concerns.
All briefings
JPMorgan posts record Q2 profit; JPM shares fell post-announcement
JPMorgan Chase reported its highest quarterly profit on record on 14 July 2026, driven by an 86% year-over-year increase in equities trading revenue to $6.03 billion in Q2 2026. The results also exceeded profit expectations by the widest ma…
Dangote Refinery switches fuel pricing to US dollars, ending naira sales
Africa's largest refinery, Dangote Petroleum Refinery, began pricing its domestic fuel products in US dollars on 14 July 2026, abandoning naira-denominated sales it had introduced in 2024. The 700,000 barrel-per-day facility requires 13 to …
US Treasury yields rose 14 July as Fed July hike expectations increased
Bond traders increased expectations for a Federal Reserve interest-rate hike in July 2026, with positioning shifting ahead of the scheduled release of June inflation data and Congressional testimony from Federal Reserve leadership, reported…
Thames Water swings to profit but debt hits £19.77bn
Thames Water swung to a pre-tax profit of £226.4 million for the 12 months to 31 March 2026, a marked improvement from losses of £1.65 billion the previous year, according to results published on Wednesday [Source: Kent Online/PA]. Net debt…
Fed Chair Warsh congressional testimony on inflation: 14 July 2026
Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee on 14 July 2026, stating that the Fed has zero tolerance for persistently elevated inflation and reaffirming the central bank's commitment to price st…
Lucid Motors shares fell over 50% intraday on bankruptcy reports before partial recovery
Lucid Motors shares fell more than 50% intraday on 14 July 2026 after reports emerged that the EV manufacturer was exploring options including potential bankruptcy or going private. The company subsequently issued a statement characterising…
US tariff refunds hit $81bn, widening deficit to $1.37trn
The US federal budget deficit widened to $1.37 trillion for the first nine months of fiscal 2026, Treasury Department data released on Monday showed, as a surge in tariff refunds stemming from the Supreme Court's February ruling pushed the …
South East Water ordered to pay £30.5m redress package
UK water regulator Ofwat has ordered South East Water to pay a £30.5m redress package, concluding three separate investigations into the utility covering supply interruptions, customer service failings and a licence breach. The package, whi…
Iran Hormuz threat drives Brent above $85 for fourth consecutive session
A geopolitically dominated European session with oil prices extending gains on Iran escalation, offsetting steady equity performance and softer US wholesale inflation data.
US strikes Tehran, reinstates Hormuz blockade; oil rises sharply
A consequential overnight session dominated by US military action against Iran, a weak China GDP print, and a major fintech acquisition offer.
US CPI falls for first time since 2020 as Hormuz blockade drives oil to $86
A session dominated by Hormuz geopolitics, a downside CPI surprise, major bank earnings beats, and a sharp IBM selloff ahead of the US open.
China June exports rose 27%; vehicle shipments hit monthly record
China exported more than 1 million vehicles in June 2026, a monthly record, as overall goods exports rose 27% year-on-year — the fastest pace since 2021 — according to Guardian Business. The June trade balance reached $125.8 billion, above …