QtrendsUS earnings season kicks off with JPMorgan and Netflix leading bank and tech results. The US and Iran exchange military strikes over the Strait of Hormuz, with Washington insisting the waterway remains open. Lindsey Graham, veteran US Senator and Trump ally, dies at 71. China's elderly retail investors pile into tech stocks amid AI optimism. German automakers suffer steep sales declines in China as domestic EV rivals gain ground.
The second-quarter earnings reporting season begins this week, headlined by JPMorgan Chase and Netflix. Analysts highlight Citigroup as a particularly close watch among major banks. Earnings estimate patterns are diverging from historical norms, suggesting uncertainty about the economic outlook and corporate profitability in the coming months.
The United States and Iran have exchanged military strikes after Iran's Revolutionary Guard attacked a civilian vessel and shut the Strait of Hormuz. Washington insists the vital oil shipping lane remains open, contradicting Iranian claims. President Trump stated the strait is open, while Iran's actions are being framed as a 'poor choice' by US officials as fresh strikes were launched.
China's elderly retail investors are increasingly pouring money into tech stocks, drawn by optimism about artificial intelligence and semiconductor development. The AI and chip boom is also driving up commercial rents in Beijing's Zhongguancun high-tech hub. China's Star Market (SSE STAR) continues to power the nation's innovation push as a key platform for technology self-reliance and frontier breakthroughs.
US Senator Lindsey Graham of South Carolina, a longtime influential lawmaker and key ally of President Donald Trump, has died at age 71 after a brief illness. Leaders from across the political spectrum have reacted to his sudden passing, with tributes highlighting his decades-long career in the Senate and his role as a prominent voice in American politics and foreign policy.
Major German carmakers including Volkswagen are experiencing a sharp plunge in China sales as domestic electric vehicle rivals intensify competition. Volkswagen's China deliveries dropped 26% year-on-year, hitting their lowest level since 2010. The trend underscores the rapid rise of Chinese EV manufacturers and the mounting pressure on traditional foreign automakers in the world's largest auto market.