SpaceX and Tesla lost more than $1.2 trillion of combined market value in July, turning investor attention from ambitious growth platforms to margins, cash generation and the cost of artificial-intelligence infrastructure.
U.S. futures rebounded on divergent Microsoft and Meta results, while South Korea’s Kospi extended a two-day AI-driven selloff and Treasury yields reflected a divided Federal Reserve.
The U.S.-Saudi consortium is selecting among three GCC locations for a 200,000-barrel-a-day refinery with a deepwater port, storage and export facilities positioned outside the strait.
Taipei suspended 500,000 tonnes of semiannual spot purchases after Papua New Guinea ordered its representative office closed, while 1.2 million tonnes of annual contracted supply continue through 2030.
The Kospi closed 10.8% lower as Samsung and SK Hynix fell more than 13%, spreading semiconductor losses across Asia and the Nasdaq even while most non-chip U.S. stocks advanced.
Net profit reached $2.20 billion and revenue $5.71 billion as a 30.5% copper-price gain outweighed a 3.7% production decline, while the group financed Tía María and explored rail assets.
Spot gold fell 1.2% to $4,026.21 as the dollar held near a four-week high and traders priced a 36% chance of an immediate Fed increase and about 80% for September.
Dozens of Apollo Go RT6 vehicles will operate with safety drivers in Brent, while a public launch through Freenow is targeted for 2027 and remains conditional on UK approval.
U.S. equities ended a divided session as Brent retreated below $100, technology shares weakened and investors weighed a tariff-driven inflation shock against the prospect of higher interest rates.
The world's largest copper producer wants a decade of investment, more refined-metal sales and additional buyers, while keeping China as a central customer.
Adjusted earnings reached 74 cents a share versus a 59-cent estimate, as a 41.5% copper-price increase offset steep production declines and $363 million of Grasberg repair costs.
The Canadian miner reported adjusted earnings well above market expectations after copper prices rose sharply and production increased, reinforcing investor focus on critical minerals and the company's pending combination with Anglo American.
