The July composite PMI rose to 52.0, but elevated inflation and geopolitical uncertainty continue to complicate the outlook for growth and European Central Bank policy. BRUSSELS — Euro zone business activity expanded at its fastest pace in eight months during July, supported by a recovery in services and continued manufacturing output growth, according to the latest S&P Global purchasing managers’ survey.
Strong cloud growth and rising confidence in artificial-intelligence spending helped Amazon reach a market value previously achieved by only a small group of global technology companies. SEATTLE — Amazon crossed the $3 trillion market-capitalization threshold for the first time on August 3, joining an elite group of technology companies as investors rewarded strong earnings and accelerating demand for cloud and artificial-intelligence infrastructure.
Seven participating countries will raise output by 188,000 barrels per day while continuing compensation for earlier overproduction and monthly market reviews. VIENNA — Seven OPEC+ producers have agreed to increase oil production by 188,000 barrels per day in September, extending the group’s gradual adjustment of voluntary supply restrictions while keeping close control over future decisions.
The coordinated action helped pull the Japanese currency away from a 40-year low, although analysts say lasting support will depend on monetary policy and energy prices. TOKYO — The Japanese yen has steadied after a highly volatile week in which Japan and the United States jointly intervened in the currency market, marking the first U.S. yen-buying operation since 1998.
The 9-3 decision keeps the federal funds target at 3.50% to 3.75%, while an unusual bloc of dissenters underscores growing concern over persistent inflation. WASHINGTON — The Federal Reserve has left its benchmark interest-rate range unchanged, but the latest decision revealed a sharper internal divide over how aggressively the central bank should respond to inflation.
Oaktree-backed ITG is targeting a valuation of up to $2.67 billion in its Nasdaq IPO. Explore the company’s broadband, fiber and AI infrastructure exposure.
Blue Origin has begun rebuilding New Glenn’s Florida launch pad and is targeting a return to flight before the end of 2026. Explore the infrastructure and investment implications.
NVIDIA has launched Halos for Robotics with Agility Robotics as its first humanoid partner. Explore the implications for physical AI, manufacturing and private markets.
AI data center investors are acquiring power developers and building dedicated generation. Explore the implications for energy, real assets and private markets.
SpaceX has priced a $25 billion inaugural bond issuance across five maturities. Explore what the deal means for commercial space, AI infrastructure and capital markets.
