
French power prices jump over 20% as heatwave tightens supply
French day-ahead power prices surged 20.5% on Tuesday to €141 ($162,67)/megawatt hour, LSEG data showed, as a heatwave tightened supply and drove up cooling demand.
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French day-ahead power prices surged 20.5% on Tuesday to €141 ($162,67)/megawatt hour, LSEG data showed, as a heatwave tightened supply and drove up cooling demand.

Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense. The deal underscores Washington's push to diversify supply chains away from China.

FiscalNote Holdings, Inc. (NOTE) Q2 2026 Earnings Call Prepared Remarks Transcript

Vast amounts of cash get moved from Investors to Big Tech via equity and debt sales to be spent in the real economy. Intel announced on Monday that it plans an offering of $15 billion in common stock.

Treasury yields rose as negotiations to reopen the Strait of Hormuz appear to have stalled, lifting oil prices.

With earnings season entering its final peak week, investors will be focused on results from restaurant names such as CAVA Group, Jack in the Box, Red Robin Group and Brinker International. Q2 S&P 500 profit growth currently stands at 50.4% with 88% of companies having reported. Potential earnings surprises this week: Nebius Group, Jack in the Box, Virgin Galactic Holdings, and Amcor plc.

Oil prices remain supported by Strait of Hormuz supply risks, while improving technical momentum puts the $100 level in focus for WTI and Brent.

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Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.

JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, after revenue at its corporate bank in the region grew by well above 20% this year, its regional heads told Reuters.

The yen strengthened slightly against other G-10 and Asian currencies in early trade amid prospects of coordinated intervention by Japan and the U.S., analysts said.

The Fed chairman has promised to bring inflation down. Upcoming data could determine whether he has to raise rates soon to do it.

Conglomerate's nonbinding offer for Austal USA comes as Washington seeks to revive domestic shipyards.

The U.S. has shifted from air strikes to economic sanctions and a naval blockade to weaken Iran, but Iran remains defiant and controls the Strait of Hormuz. U.S. interceptor missile inventories are severely depleted, limiting military options and forcing strategic restraint to avoid risking defense capabilities in the Pacific, especially regarding Taiwan.

Dorchester Minerals, L.P. is an O&G royalty play that gets most of its revenues from oil-linked sales. Falling oil prices due to rising inventories and demand losses are a headwind. The Williston Basin acquisition diversifies royalty streams and lifts near-term sales, though long-term organic growth is limited.