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Advanced Micro Devices reported record second-quarter earnings that exceeded analyst expectations, yet its stock fell 7% intraday as investors had anticipated even stronger results.
Escalating U.S.-Iran tensions have prompted Wall Street to reassess economic impacts, with oil prices rising to near $90 per barrel and economists warning of potential consumer spending pressures.
Taiwan Semiconductor Manufacturing Co. reported July revenue of 467.58 billion new Taiwan dollars ($14.5 billion), representing 44.7% year-on-year growth driven by continued AI chip demand.
Egypt plans to increase oil and gas production and invest $4.5bn in refinery development as part of its 2026/2027 economic strategy, citing energy security amid geopolitical uncertainty.
U.S. payroll employment fell unexpectedly by 23,000 in July, yet interest rate markets showed muted reaction as traders remained split on Federal Reserve policy direction for next month.
Volkswagen is planning a significant overhaul of its US operations, appointing new leadership and exploring a pickup truck launch before 2030 as part of a broader model-line expansion.
