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Escalating U.S.-Iran military operations have prompted Wall Street to reassess potential economic impacts, particularly regarding energy prices and their effects on consumers and corporate earnings.
Haidilao shares rose 7% after first-half results showed delivery revenue more than doubled to 2.05 billion yuan, while total revenue climbed 7.9% to 22.34 billion yuan.
The Federal Reserve is expected to announce a quarter-point rate hike, its first since 2023, amid elevated oil prices and Treasury yields breaching 5% amid resurgent inflation concerns.
Corporate tax payments fell 25% in the first 11 months of the fiscal year despite rising corporate profits, largely due to tax incentives included in Republican legislation passed in 2025.
Dell Technologies is raising approximately $4 billion through a bond sale to refinance debt, capitalizing on strong AI infrastructure demand that has boosted its revenue forecasts.
U.S. stock indexes declined as rising Treasury yields and elevated oil prices weighed on investor sentiment, with the S&P 500 falling 0.4% and the Nasdaq composite sinking 0.8%.
