Morning Edition · Monday, July 27, 2026
Markets
Oil Drops More Than 5 Percent as United States and Iran Pause Strikes Around Hormuz
Brent, which had climbed above $100 a barrel during two weeks of fighting, was quoted near $91.87 as traders unwound the war premium and moved back into equities.
Crypto
Bitcoin Climbs Back Above $65,000 as Geopolitical Risk Eases
Ether outperformed bitcoin during the move, a pattern traders interpret as early demand for higher-risk digital assets.
Tech
Chinese Memory-Chip Maker CXMT Surges About 500 Percent in Trading Debut
Shares closed about 466 percent above their offer price, and the Financial Times called it the largest mainland listing since 2010, briefly making the memory-chip maker the most valuable company listed in China.
Macro
China's Industrial Profits Grow at Slowest Pace of the Year
Official data show an uneven earnings recovery among manufacturers, deepening questions about weak domestic demand.
Tech
Nvidia and OpenAI Discuss Financing of Up to $250 Billion for Data Centers
The reported talks come as artificial-intelligence firms spend record sums lobbying Washington over federal policy.
Geopolitics
Reports Say North Korea Is Sending 30,000 More Troops to Support Russia
Analysts cited by the South China Morning Post called the deepening arrangement mutually beneficial for Pyongyang and Moscow, if confirmed.
Geopolitics
Russia and Ukraine Trade Deadly Strikes, Killing at Least 10
Kyiv reported six dead, including a child at a supermarket, while Moscow said Ukrainian strikes killed four and damaged industrial sites.
Macro
Global Millionaire Population Grew Nearly 8 Percent in 2025, Report Says
The number of high-net-worth individuals rose to 25.3 million worldwide, adding about two million people in a single year.
Geopolitics
Brazil Recalls Ambassador to Argentina After Milei Insults President Lula
The Argentine leader, visiting Brazil to back a far-right candidate, called the Brazilian president a convict and a thief.
World
Sudan's Army Says It Has Retaken Highway Linking Khartoum and El Obeid
Control of the Al Sadarat highway would help the army block the Rapid Support Forces from seizing El Obeid in North Kordofan.
Geopolitics
Thousands March in Pakistan-Administered Kashmir as Elections and India Tensions Flare
The protest coincided with the first phase of regional polls and a fresh diplomatic clash between Islamabad and New Delhi.
Macro
Japan's Minimum-Wage Panel Splits as Labor Seeks Record Increase
Unions want a 75-yen rise, while employers warn smaller firms cannot absorb it amid Middle East turmoil.