NIO Stock Falls as Blackrock Slashes Stake in EV Maker
Nio shares declined after BlackRock reduced its stake in the Chinese EV manufacturer by approximately 12%, offloading 1.2 million shares amid broader investor concerns about the sector.
US Inflation Holds at 3.4%: Will Bitcoin Dodge a September Fed Hike?
US inflation remained at 3.4% in July, matching forecasts and keeping September Federal Reserve rate decisions uncertain. Bitcoin traders face a roughly split market on whether the central bank will hold or raise rates.
Wheat Rallying on Black Sea Strikes
Wheat futures declined across major exchanges following production report expectations, though prices recovered from earlier losses amid geopolitical tensions affecting supply routes.
Corn Popping Higher on Wednesday with Spillover from Wheat
Corn futures gained 3-4 cents on Wednesday morning, supported by double-digit wheat price increases, while open interest declined as traders rolled positions out of the nearby September contract.
Meren Energy raises 2026 guidance after strong first-half performance
Meren Energy raised its 2026 guidance after strong first-half performance, lifting full-year EBITDAX guidance to $410 million from $315 million.
SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank reported first-quarter profit of 2.2 billion dollars, beating expectations, bolstered by a 1.3 trillion yen gain on Intel shares while Vision Funds saw modest gains.