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US economy showing 'impressive resilience,' Fed chair Warsh says

FED LEAVES INTEREST RATES UNCHANGED AT 3.50%-3.75%, 5TH CONSECUTIVE MEETING WITH NO CHANGE, MOST DIVIDED DECISION IN YEARS

Oil is going through one of the most volatile phases in its entire history. On February 28, 2026, the US and Israel launched a war on Iran. The day before, WTI closed at $69.96, the calm before everything changed. Within weeks, Iran effectively shut the Strait of Hormuz, the passage that carries 20% of the world's oil. What happened next was historic. Brent crude jumped 51% in March alone, one of the largest monthly oil surges on record. By early April, Brent briefly traded above $140 a barrel, the highest level since 2008.

South Korea's finance ministry just restricted single stock leveraged ETFs. Here are the changes: 1. Individual investment in these products capped at 20% of total investment assets 2. Trading costs will go up to discourage excessive trading 3. New training requirements added for investors 4. Regulators preparing legal power to stabilize markets in emergencies, similar to rules used in Hong Kong 5. Deposit requirement rises to 30 million won, effective Friday, July 31

27% chance Fed “raises” interest rates today — a new high.

SOUTH KOREAN MARKET IS CRASHING SO MUCH THAT THE GOVERNMENT HAD TO LAUNCH A SUICIDE PREVENTION HOTLINE. KOSPI crashed -20% over the last 2 trading days. Korean retail investors borrowed heavily on margin loans and single-stock leveraged ETFs to chase this year's rally, and now that same leverage is wiping them out just as fast on the way down. SK Hynix's single-stock leveraged ETF crashed 32% today alone. Individual investors sold over 2 trillion won worth of shares in panic today, trying to get out before losses grew worse.

South Korea's finance minister just called an emergency meeting with regulators and the central bank. This is happening as KOSPI crashes 40% from its all-time high and triggered circuit breakers for 2 consecutive days for the first time in the index's history. Lawmakers are now demanding the FM's resignation over the leveraged ETF policy blamed for the crash.

President Trump just now: U.S. strikes against Iran are coming in response to attacks on American targets in Jordan.

Trump on Zelensky, Netanyahu meetings:

Oil prices rise 5% after Iran launches surprise attack on US base in Jordan.

SK HYNIX $SKHY JUST REPORTED EARNINGS Revenue of $54.6B missing expectations of $57.7B🔴

US intercepts all ballistic missiles fired by Iran at an American base in Jordan.

This is major news!

Iran launches ballistic missiles at US base in Jordan.

Israeli PM Netanyahu says he had "one of the best conversations he's ever had" with US President Trump today.

FORD $F JUST REPORTED Q2 EARNINGS • Revenue: $48.3B vs $45.86B est 🟢 • Adjusted EPS: $0.42 vs $0.35 est 🟢

Oracle $ORCL stock hit new 52 WEEK LOWS earlier today

Yemeni Houthis strike another Saudi oil tanker.

$650 Billion has been added to US stocks in the last 2 hours.

Mediators say they are close to a breakthrough on reviving the US-Iran MoU peace agreement.