TrendHub Magazine’s Comprehensive Daily Briefing on Global Trends [July 28, 2023]

Daily Briefing: In-depth Summary of Top 10 Headlines from Most Popular News

1. Intel stock jumps 7% on ‘quite’ strong results and guidance Intel’s stock has seen a significant increase of 7% following the release of their strong results and guidance. The tech giant has exceeded expectations, demonstrating robust performance and promising future prospects. This has led to increased investor confidence, reflected in the surge in stock prices.

2. BOJ to carry out yield curve control with ‘greater flexibility’ The Bank of Japan (BOJ) has announced plans to implement yield curve control with increased flexibility. This move is expected to allow for more effective management of interest rates and bond yields, potentially leading to more stable economic conditions in Japan.

3. Intel reports surprise profit; ExxonMobil, Chevron ahead – what’s moving markets Intel has reported an unexpected profit, causing a stir in the markets. Meanwhile, ExxonMobil and Chevron are leading the way, further influencing market movements. These developments highlight the dynamic nature of the stock market and the impact of individual company performances.

4. European stocks mixed; strong AstraZeneca numbers help U.K. outperform European stocks have shown mixed performance, with strong numbers from AstraZeneca helping the U.K. market outperform its counterparts. The pharmaceutical company’s robust performance has had a positive impact on the U.K. stock market, demonstrating the influence of the healthcare sector on market trends.

5. Stock market today: Dow ends win streak as financials, airlines weigh The Dow Jones Industrial Average has ended its winning streak as financial and airline stocks weigh on the market. This shift in market dynamics underscores the impact of specific sectors on overall market performance and the importance of diversification in investment portfolios.

6. Fed raises rates, Meta beats expectations, Intel on tap – what’s moving markets The Federal Reserve has raised rates, while Meta has exceeded expectations, and Intel is on tap. These developments are currently driving market movements, highlighting the interconnectedness of monetary policy, tech industry performance, and individual company results.

7. Wall Street closes down, Dow snaps longest winning streak since 1987 Wall Street has closed down, with the Dow Jones Industrial Average snapping its longest winning streak since 1987. This development marks a significant shift in market dynamics and underscores the cyclical nature of stock market performance.

8. U.S. stocks are rising after stronger-than-expected GDP report, Meta earnings U.S. stocks are on the rise following a stronger-than-expected GDP report and Meta’s earnings announcement. These positive developments are driving market optimism, demonstrating the impact of economic indicators and corporate earnings on stock market trends.

9. BOJ loosens tight grip on rates as prices rise, markets bet on even bigger pivot The Bank of Japan (BOJ) is loosening its tight grip on rates as prices rise, and markets are betting on an even bigger pivot. This move by the BOJ could signal a significant shift in monetary policy, with potential implications for global financial markets.

10. S&P 500 turns lower as financials, airline weigh despite Meta surge The S&P 500 has turned lower as financial and airline stocks weigh on the index, despite a surge in Meta shares. This highlights the diverse influences on market performance and the importance of sector-specific trends in shaping overall market direction.

Daily Briefing: Cryptocurrency

1. NFT-styled debit cards the future of Web3 — Animoca founder on $30M hi investment Animoca Brands, a leader in digital entertainment, blockchain, and gamification, has announced a significant investment in hi, a next-generation banking platform. The founder of Animoca believes that NFT-styled debit cards are the future of Web3, indicating a new era of financial transactions.
2. Twitter Community Notes hits 44 countries as Elon Musk seeks ‘truth’ for X Twitter’s Community Notes feature has expanded to 44 countries, allowing users to contribute to the development of the platform. Meanwhile, Elon Musk is on a quest for ‘truth’ for Project X, hinting at a new, undisclosed initiative.
3. Binance, CZ challenge CFTC lawsuit, seek dismissal Binance and its CEO, Changpeng Zhao (CZ), are challenging a lawsuit filed by the Commodity Futures Trading Commission (CFTC). They are seeking dismissal of the case, asserting that the allegations are baseless.
4. Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday Despite the expiration of $2 billion in Bitcoin options on Friday, traders are optimistic about the cryptocurrency’s price. They are eyeing a target of $31,000, indicating a bullish sentiment in the market.
5. FTX, Genesis reach in-principle agreement to settle bankruptcy case Cryptocurrency exchange FTX and digital currency broker Genesis have reached an in-principle agreement to settle a bankruptcy case. The details of the settlement have not been disclosed yet.
6. Elon’s ‘not afraid of blowing things up’ — ex-Twitter exec on working under Musk A former Twitter executive shared insights about working under Elon Musk, stating that the Tesla and SpaceX CEO is not afraid of taking risks and ‘blowing things up’ in the pursuit of innovation.
7. Missing crypto millionaire found dismembered in suitcase: Report A disturbing report has emerged about a missing cryptocurrency millionaire who was found dismembered in a suitcase. The incident underscores the potential dangers associated with the high-stakes world of cryptocurrency.
8. SEC adopts cyberattack disclosure rules, listed crypto firms included The U.S. Securities and Exchange Commission (SEC) has adopted new rules requiring companies to disclose cyberattacks. The rules also apply to cryptocurrency firms listed on the stock exchange, reflecting the growing importance of cybersecurity in the digital asset industry.
9. Here’s what happened in crypto today A roundup of the day’s most important cryptocurrency news, covering market trends, regulatory developments, and major announcements from industry players.
10. AI researchers say they’ve found a way to jailbreak Bard and ChatGPT AI researchers claim to have discovered a method to ‘jailbreak’ Bard and ChatGPT, two popular AI models. The implications of this discovery could be significant for the field of artificial intelligence.

Daily Briefing: Stock Market News

1. Roku stock gains 10% on better-than-feared results, outlook; reactions positive Roku, the leading streaming platform, saw its stock surge by 10% following results that exceeded market expectations. The positive reaction from investors indicates confidence in the company’s future prospects.
2. First Solar shares up 9% on massive earnings beat; seen as a ‘bright spot within clean energy’ First Solar, a leading provider of comprehensive photovoltaic (PV) solar systems, reported earnings that significantly surpassed estimates, leading to a 9% increase in its share price. The company is viewed as a promising player in the clean energy sector.
3. Ford shares fall on expectations of higher EV losses; Morgan Stanley expects ‘major changes’ to EV strategy Shares of Ford Motor Company fell as investors anticipated higher losses in the electric vehicle (EV) segment. Morgan Stanley analysts predict that the company will make significant changes to its EV strategy to mitigate these losses.
4. Exxon Mobil earnings missed by $0.10, revenue topped estimates Exxon Mobil, one of the world’s largest publicly traded international oil and gas companies, reported earnings that fell short of expectations by $0.10 per share. However, the company’s revenue exceeded estimates, indicating strong sales performance.
5. Intel stock jumps 7% on ‘quite’ strong results and guidance Intel, the world’s largest semiconductor chip manufacturer, saw its stock price increase by 7% following the announcement of robust results and future guidance. The positive market reaction reflects confidence in Intel’s strategic direction and financial health.
6. SRM Entertainment Announces Downsized 1.25M Share IPO at $5/sh SRM Entertainment, a prominent entertainment company, announced a downsized initial public offering (IPO) of 1.25 million shares at $5 per share. The move indicates a strategic adjustment in response to market conditions.
7. FBS Global Limited Announces Downsized 2.75M Share IPO at $4/sh FBS Global Limited, a leading global brokerage firm, announced a downsized IPO of 2.75 million shares at $4 per share. The announcement reflects the company’s adaptive strategy in navigating the current market environment.
8. Toyota says to sell $1.8 billion worth of KDDI shares Toyota, the world’s largest automobile manufacturer, announced plans to sell $1.8 billion worth of shares in KDDI, a major Japanese telecommunications operator. The move is part of Toyota’s asset management strategy.
9. U.S. chipmaker AMD to invest $400 million in India by 2028 Advanced Micro Devices (AMD), a leading global semiconductor company, announced plans to invest $400 million in India over the next five years. The investment underscores AMD’s commitment to expanding its operations and market presence in India.
10. Adidas plans more Yeezy stock sales in August Adidas, a global leader in the sporting goods industry, announced plans to increase the stock sales of its popular Yeezy brand in August. The move is expected to capitalize on the high demand for Yeezy products and boost Adidas’ revenue.

Daily Briefing: Economic Indicators News

1. England and Wales report most company insolvencies since 2009 England and Wales have reported the highest number of company insolvencies since the financial crisis of 2009. This alarming trend is indicative of the challenging economic conditions businesses are currently facing.
2. Taiwan returns to growth in Q2 on strong domestic demand, but exports weak Taiwan’s economy has rebounded in the second quarter due to strong domestic demand. However, the export sector, a key driver of Taiwan’s economy, remains weak, posing a potential risk to future growth.
3. French, Spanish economies grow at sustained pace in second quarter, Germany stagnates The French and Spanish economies have maintained steady growth in the second quarter. In contrast, Germany’s economy has stagnated, highlighting the uneven recovery within the Eurozone.
4. Singapore home prices rise despite cooling measures Despite the government’s cooling measures, home prices in Singapore continue to rise. This suggests that demand in the property market remains strong, potentially fueling concerns about housing affordability.
5. ECB survey points to stickier underlying inflation A survey by the European Central Bank (ECB) indicates that underlying inflation in the Eurozone may be more persistent than previously thought. This could influence the ECB’s monetary policy decisions in the future.
6. Euro zone firms see stagnating activity ahead: ECB survey According to an ECB survey, businesses in the Eurozone anticipate a period of stagnating activity. This outlook could be a response to the various economic challenges currently facing the region.
7. China factory activity likely to contract for fourth month in July: Reuters poll A Reuters poll suggests that China’s factory activity is likely to contract for the fourth consecutive month in July. This trend underscores the ongoing difficulties faced by the manufacturing sector in the world’s second-largest economy.
8. North Korea economy shrank for third year in 2022 -South’s central bank According to South Korea’s central bank, North Korea’s economy contracted for the third year in a row in 2022. This highlights the economic challenges faced by the isolated nation amid international sanctions and the COVID-19 pandemic.
9. Australian retail sales fall in June as inflation, high rates weigh Australian retail sales fell in June as inflation and high interest rates put pressure on consumer spending. This could signal a slowdown in the country’s economic recovery.
10. Inflation in Japan’s capital slows in July, stays above BOJ target Inflation in Tokyo, Japan’s capital, slowed in July but remained above the Bank of Japan’s target. This could complicate the central bank’s efforts to stimulate the economy and achieve stable price growth.

Daily Briefing: Economy News

1. Intel reports surprise profit; ExxonMobil, Chevron ahead – what’s moving markets Intel Corporation, a multinational corporation and technology company, has reported an unexpected profit. Meanwhile, ExxonMobil and Chevron are leading the market. This news is currently causing significant movements in the market.
2. BOJ loosens tight grip on rates as prices rise, markets bet on even bigger pivot The Bank of Japan (BOJ) is easing its firm control on rates as prices increase. Market participants are speculating on a more significant shift in policy.
3. Global central banks begin policy shift as inflation cools Central banks worldwide are starting to shift their policies as inflation begins to cool down. This change could have significant implications for global economic trends.
4. ECB’s Kazimir wants further ‘step’ on rates Kazimir, a member of the European Central Bank (ECB), is advocating for further steps on rates. This could indicate a potential change in the ECB’s monetary policy.
5. Big central banks hike again with end of tightening in sight Major central banks are raising their rates again, signaling the end of a tightening cycle. This could have significant implications for global financial markets.
6. ECB’s Stournaras says further interest rate rise in September ‘looks difficult’ Stournaras, a member of the ECB, has stated that a further increase in interest rates in September appears challenging. This could impact the future monetary policy of the ECB.
7. BOJ Governor Ueda’s comments at news conference Ueda, the Governor of the BOJ, has made comments at a news conference. The details of these comments were not provided in the headline.
8. Analysis – How the ghost of 1990s property crash returned to haunt Sweden An analysis piece discusses how the impact of the 1990s property crash is re-emerging in Sweden. This could have significant implications for the country’s property market.
9. Take Five: Big or bigger? This headline appears to be referring to a discussion or analysis piece, but without further context, it’s challenging to provide an expanded summary.
10. RBA to hike rates once more by 25 bps in August – Reuters poll According to a Reuters poll, the Reserve Bank of Australia (RBA) is expected to raise rates once more by 25 basis points in August. This could have significant implications for Australia’s economy.

Daily Briefing: World News

1. Russian, Chinese officials join Kim at North Korea military parade In a show of solidarity, officials from Russia and China joined North Korean leader Kim Jong Un at a military parade. The event, which showcased the country’s military prowess, was a clear message to the international community about the strong ties between these nations.

2. Typhoon Doksuri hits China, destroys power lines, closes factories Typhoon Doksuri has wreaked havoc in China, causing significant damage to infrastructure. Power lines have been destroyed and factories forced to close as the country grapples with the aftermath of the storm.

3. Judge orders 3 of the ‘Newburgh Four’ freed in New York synagogue bomb plot Three members of the ‘Newburgh Four’, a group convicted for plotting to bomb a New York synagogue, have been ordered to be released by a judge. The decision has sparked controversy and reignited debates about domestic terrorism and the justice system.

4. Britain investigates after Mali gets defence emails meant for Pentagon The UK is investigating a serious security breach after defence emails intended for the Pentagon ended up in Mali. The incident has raised concerns about the security of sensitive information and the potential implications of such errors.

5. Australia says it is ‘confident’ on US nuclear submarines as ministers meet As Australian ministers meet with their US counterparts, the country has expressed confidence in its deal to acquire US nuclear submarines. The deal, part of a broader defence pact, has been a source of tension in the region.

6. Ukrainian forces press southward, say strategic village recaptured from Russians Ukrainian forces are making progress in their conflict with Russia, claiming to have recaptured a strategic village. The move southward marks a significant development in the ongoing conflict.

7. Years after #MeToo first swept the world, Taiwan races to respond Taiwan is taking steps to address sexual harassment and assault in the wake of the global #MeToo movement. Despite being years since the movement first gained traction, the country is now racing to implement measures to protect victims and hold perpetrators accountable.

8. US orders government personnel, family members to leave Haiti The US has ordered its government personnel and their family members to leave Haiti amid escalating violence and political instability. The decision underscores the deteriorating situation in the Caribbean nation.

9. Niger coup widely condemned, countries urge return to order The recent coup in Niger has been widely condemned by the international community. Countries around the world are urging a return to order and democratic governance in the West African nation.

10. African, Caribbean nations join forces to call for reparations for slavery African and Caribbean nations are joining forces to demand reparations for the transatlantic slave trade. The collective action marks a significant step in the ongoing fight for justice and recognition of the atrocities of slavery.

Daily Briefing: Politics News

1. US says Trump ordered video deleted, charges second employee in documents case The US government has charged a second employee in a case involving the deletion of a video that former President Trump allegedly ordered to be removed. The specifics of the video and the reasons for its deletion remain undisclosed. The case is part of a broader investigation into the handling of official documents during Trump’s presidency.

2. Biden to visit Maine for first time as president, tout manufacturing gains President Biden is set to visit Maine for the first time during his presidency. The visit is expected to highlight the gains made in the manufacturing sector under his administration. The specific agenda and schedule of the visit are yet to be announced.

3. McConnell, Biden lapses highlight advanced age of US leaders Recent lapses by President Biden and Senate Minority Leader Mitch McConnell have brought attention to the advanced age of US leaders. Critics argue that these incidents raise questions about the ability of older politicians to effectively lead and make decisions.

4. US congressional committee advances stablecoin bill A US congressional committee has advanced a bill related to stablecoins, a type of cryptocurrency. The bill aims to regulate the use of stablecoins and protect consumers. The specifics of the bill and its potential impact on the cryptocurrency market are yet to be detailed.

5. China tops agenda as Biden meets Italy’s Meloni in Washington President Biden’s meeting with Italy’s Meloni in Washington is expected to focus on China. The leaders are likely to discuss their countries’ relations with China and the Asian nation’s global influence. The specifics of the discussions remain undisclosed.

6. Biden says Republican party is ‘undermining’ the nation’s military President Biden has accused the Republican party of undermining the nation’s military. He did not provide specific examples or evidence to support his claim. The Republican party has not yet responded to the accusation.

7. Factbox-The new charges in the Trump classified documents case New charges have been filed in the case involving classified documents from Trump’s presidency. The specifics of the charges and the individuals involved remain undisclosed. The case is part of a broader investigation into the handling of official documents during Trump’s presidency.

8. Biden acts to protect workers as temperatures soar in record-setting July President Biden has taken action to protect workers as temperatures soar in a record-setting July. The specifics of the actions and their potential impact on workers are yet to be detailed.

9. Biden administration asks US Supreme Court to block ‘ghost gun’ ruling The Biden administration has asked the US Supreme Court to block a ruling related to ‘ghost guns’, firearms that are untraceable. The administration argues that the ruling could undermine efforts to regulate these weapons.

10. US Justice Dept investigating Memphis police for civil rights violations The US Justice Department is investigating the Memphis police for alleged civil rights violations. The specifics of the allegations and the scope of the investigation remain undisclosed. The Memphis police have not yet responded to the investigation.

Daily Briefing: Commodities & Futures News

1. Oil on track for fifth week of gains The oil market is showing signs of continued strength, with prices on track for a fifth consecutive week of gains. This trend is driven by a combination of factors, including global economic recovery, supply constraints, and geopolitical tensions.
2. Gold rises from steep losses after BOJ shock, copper rebounds Gold prices have rebounded following a sharp drop triggered by unexpected policy changes from the Bank of Japan. Copper prices have also recovered, indicating a potential resurgence in demand for industrial metals.
3. Analysis – End of Nigerian fuel subsidy set to squeeze Europe’s refiners The termination of fuel subsidies in Nigeria could have significant implications for European refiners. The change is expected to lead to increased costs and potential supply disruptions.
4. Analysis-China’s gasoline demand peak nears as EV boom hastens transition As China’s electric vehicle market continues to expand rapidly, the country’s demand for gasoline is nearing its peak. This shift could have profound implications for global energy markets.
5. Oil retreats from 3-mth highs amid profit taking, dollar recovery Oil prices have retreated from three-month highs due to profit-taking activities and a recovery in the US dollar. However, the overall trend remains bullish due to supply-demand dynamics.
6. US oilfield service providers expect rig count recovery later this year on high prices US oilfield service providers are anticipating a recovery in the rig count later this year, driven by high oil prices. This could lead to increased production and potentially ease supply constraints.
7. US moves to link more wind and solar projects to electric grid The US is making efforts to connect more wind and solar projects to the electric grid. This move is part of the country’s broader strategy to transition towards renewable energy.
8. Gold has biggest daily drop since late June, in aftermath of Fed, ECB Gold prices experienced their largest daily drop since late June, following policy announcements from the Federal Reserve and the European Central Bank. The precious metal is often sensitive to changes in monetary policy.
9. July 2023 set to be world’s hottest month on record July 2023 is on track to become the hottest month ever recorded worldwide. This alarming trend underscores the urgency of addressing climate change.
10. Natural gas stuck at mid-$2 as forecasts signal less-hotter August Natural gas prices remain stuck at mid-$2 levels as weather forecasts indicate a less hot August. This could lead to reduced demand for natural gas for cooling purposes.