Tesla sales jump 25% 🚗, Russian fuel crisis hits Central Asia ⛽️, CITI oil slump prediction

American distilleries are facing financial difficulties as a surplus of whiskey barrels builds up in warehouses, leading to court disputes over the value of young whiskey pledged as loan collateral. The oversupply, coupled with decreased demand and export tariffs, has caused smaller producers to struggle, forcing some lenders to take control of distilleries like Uncle Nearest after loan defaults.

Yahoo Finance · 3 minute read

Kyrgyzstan and Tajikistan face fuel shortages and rising prices due to Russia restricting fuel exports amidst internal shortages caused by Ukrainian drone strikes on Russian facilities. While Kazakhstan explores Chinese fuel imports and Uzbekistan Airways reduces Russian flights due to jet fuel shortages, a widespread fuel crisis is anticipated in regions affected by Russian export limitations.

Oilprice · 4 minute read

There is leverage building across hedge fund balance sheets. The basis trade—buying Treasurys and shorting futures against them—is a well-known source of levered risk for hedge funds, estimated to be as much as $2.4 trillion as of late last year (using Fed data).

Fa-mag · 3 minute read

Rivian's stock surged over 8% after the company announced higher-than-expected vehicle deliveries of 12,194 in Q2, surpassing its forecast of 9,000 to 11,000 vehicles. The strong performance led Rivian to increase its full-year 2026 delivery guidance to 65,000 to 70,000 units, up from a prior estimate of 62,000 to 67,000, driven by strong demand for its EDV and R1 lines and the new R2 crossover SUV.

Yahoo Finance · 3 minute read

Tesla delivered 480,126 vehicles globally in Q2 2026, a 25% increase from the same period last year, significantly surpassing analysts' expectations of under 400,000. Despite this achievement, Tesla shares dropped 7.5% after four days of gains, as investor excitement waned following the announcement.

Com · 3 minute read

Amazon has set a launch deadline for its satellite network intended to compete with SpaceX's Starlink, aiming to provide global broadband internet coverage.

Co · 3 minute read

AI data center startup Crusoe is negotiating to secure about $3 billion in a funding round that could triple its valuation to approximately $30 billion. The company, which has contracts to supply AI computing power to Meta and Oracle, has shifted from its beginnings as a cryptocurrency business to focus on AI infrastructure.

Yahoo Finance · 2 minute read

Quant funds in China have seen a surge in popularity, with assets under management more than doubling to over 2.6 trillion yuan, fueled by the successful integration of artificial intelligence. Ubiquant raised 2.6 billion yuan in under two hours for a new fund, and traditional discretionary fund managers are racing to adapt to AI-driven strategies.

Com · 5 minute read

The Silicon Data LLM Token Expenditure Index, which tracks user payments for AI tokens, has declined nearly 20% from May, raising concerns that AI companies may be losing pricing power and that expected profits might be overestimated. The index's decline suggests either price reductions, a shift to cheaper models, or reduced buyer willingness, pointing to potential vulnerability in AI investments.

Yahoo Finance · 3 minute read

The Toronto Regional Real Estate Board reported a 9.4% year-over-year increase in home sales in June, despite a 5.39% decline in the benchmark home price to $940,800 from June 2025. The market is tightening with new listings dropping 12.9%, and prices declined across the Greater Toronto Area, particularly for condominiums.

Yahoo Finance · 2 minute read

Japan's Finance Minister expressed readiness to take action in response to fluctuations in the yen, signaling possible intervention to stabilize the currency's value amid continued economic uncertainty.

Brecorder · 3 minute read

Currency strategists from Credit Agricole, Morgan Stanley, and TD Securities are diverging from the majority view by questioning the continued strength of the dollar, citing it as overbought and overvalued, with implications for Fed policy and global currencies.

Yahoo Finance · 3 minute read

Saudi Arabia is exporting the highest volume of crude oil from the Persian Gulf since the reopening of the Strait of Hormuz, following a peace agreement between the US and Iran. Four supertankers carrying eight million barrels of crude have left Saudi Arabia's Ras Tanura port, marking a significant increase in oil shipments as the region experiences eased tensions.

Straitstimes · 2 minute read

Copper prices increased 0.25% to $6.13 per pound as a softer US dollar and reduced expectations for Federal Reserve rate hikes bolstered demand. Factors driving the surge include AI-driven demand, electrification projects, and tariff impacts, although recent volatility has been noted due to economic uncertainties and speculation.

Cryptobriefing · 3 minute read

Citi predicts that oil prices could drop to $60 per barrel as the initial market shock from tensions in the Strait of Hormuz subsides.

Theedgesingapore · 3 minute read

Securitize, backed by BlackRock, has gone public on the New York Stock Exchange after merging with a SPAC, raising $400 million and valuing the company at $1.25 billion. Shares initially fell but have since risen, as Securitize plans to issue a tokenized version of its stock amid growing interest in financial asset tokenization.

Yahoo Finance · 3 minute read

South African retailers Shoprite and Pick n Pay are intensifying their competition in online groceries by utilizing AI technology to streamline the shopping experience. Pick n Pay introduced Penny, an AI assistant that helps users shop via voice, text, or photo, aiming to enhance its digital offerings and revive its supermarket business.

Com · 2 minute read

Tokenization of assets has the potential to transform global financial systems by enhancing efficiency, transparency, and access to markets, enabling more inclusive and innovative economic structures.

Imf · 3 minute read

U.S.-listed Bitcoin ETFs experienced an inflow of $221.7 million on Thursday, led by a $165.96 million inflow into Fidelity’s FBTC, marking the largest inflow in two months and ending a 10-day streak of $2.73 billion in outflows.

Cryptonews · 1 minute read

Bitwise's Chief Investment Officer suggests that the recent selloff of the Strategy (STRC) stock is a sign of Bitcoin approaching the end of its market cycle, potentially nearing a bottom. He believes this is part of the typical volatility experienced at such stages of the Bitcoin cycle.

The Block · 3 minute read

The U.S. Treasury's OFAC updated its sanctions on ISIS-K to include 134 cryptocurrency wallets, primarily on the TRON and Monero networks, and sanctioned individuals tied to the PCC, a Latin American criminal group, for laundering over $30 million using cryptocurrency.

Chainalysis · 5 minute read

K Wave Media is exiting the cryptocurrency market to focus on AI infrastructure, reallocating $485 million originally intended for Bitcoin to data centers and GPU computing, resulting in a 25% drop in its stock price.

Cryptobriefing · 3 minute read

Spotify removed the song 'Earrings' by Malcolm Todd from its U.S. streaming chart after suspecting it benefited from manipulated streams due to unusual bets on the prediction market Kalshi. The incident raises concerns about the integrity of prediction markets and their vulnerability to manipulation.

Cbsnews · 2 minute read