
U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away
U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”
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U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”

Bloomberg's Lauren Tara LaCapra joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Hackers have absconded with more than $100 million worth of Bitcoin from thousands of supposedly secure accounts in recent days, setting up another scandal for investors who have been repeatedly preyed upon by thieves in the sector.

Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, sees a “constant push and pull” in the U.S. bond market. Ultimately, he expects the Trump administration to keep the 10-year treasury yield “contained” below 5%.

American Enterprise Institute's Ryan Fedasiuk says that with China's leading labs open-sourcing, U.S. competing labs will have to follow suit by open sourcing degraded versions of their models. He also says that in the U.S.-China AI race, it's too early to label CXMT as a serious challenger to the big three.

Comstock Resources, Inc. rates a Buy for aggressive investors seeking exposure to a potential year-end recovery in natural gas prices. CRK faces significant free cash flow deficits—projected at $200M–$250M per quarter—through at least year-end 2027 due to elevated Western Haynesville development costs. Operational improvements, including larger diameter wells and heat-resistant equipment, may gradually reduce drilling costs, but higher proppant loads will offset some savings.

Plus, Palantir shares surge and the AI trade roars back.

Tyson Foods reports a $138 million beef segment loss as the U.S. cattle herd hits a 70-year low, driving ground beef and steak prices up double digits.

Public Service Enterprise Group Incorporated (PEG) Q2 2026 Earnings Call Transcript

S&P 500 heads for 25th record close of 2026, after a 42-day break.

Oil markets are losing ground as traders prepare for the potential reopening of the Strait of Hormuz.

July 2026 flipped the recent script for commodities, which jumped +12.03% for the month after two straight declines. Managed Futures were the standout mover behind them, gaining +3.77% in July — their strongest month since January.

Palo Alto Network (NASDQ:PANW) is pacing for its fourth-straight win, last seen up 4.1% at $361.35 and nearing the site of its mid-July record highs.

The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making "too much money."

Palantir was trading down 29% on the year into Monday's close (35% below its all-time highs), just prior to the earnings release. And now we know the company grew faster in the recent quarter, became a more profitable business, and raised the outlook.

Snap, Inc. delivered 18.5% revenue growth in Q2'26, beating expectations while refocusing on free cash flow and monetization. SNAP's subscription revenues surged 85% YoY, reaching a $1.26 billion annual run rate with over 25 million subscribers and new premium features planned. Q3 guidance calls for revenue of $1.70–$1.74 billion and nearly 100% YoY adjusted EBITDA growth, driven by cost reductions and operating leverage.