On July 16, U.S. stock futures declined, with Dow Jones futures narrowing their gains to 0.06%, S&P 500 futures down 0.33%, and Nasdaq 100 futures down 1%.
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Nasdaq Futures Down 1%
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Houthis: The U.S. and Israel are the Sources of Evil and Turmoil in the World
The Houthis issued a statement declaring that the U.S., Israel, and their allies are the evil source threatening global stability. They exacerbate instability by instigating wars and plundering the wealth of peoples from Palestine to other regions. The Zionist plan to reshape the Middle East map to establish a Greater Israel is the mastermind behind all wars in the region. This camp not only disrespects international agreements and UN resolutions but also takes pride in genocide and the destruction of civilization. -
Famous Fund Manager's Funds Announce Relaxation of Purchase Limits
On July 16, it was recently announced that funds managed by well-known fund managers have collectively decided to relax purchase limits. From July 15 to 16, multiple funds managed by Jin Zicai and Zhang Mingxin announced the relaxation of purchase limits, with some funds even canceling the limits altogether. These funds have doubled their returns over the past year, showcasing impressive performance. -
US Military Spending on Iran War May Reach $100 Billion
On July 16, according to information from the US on July 15, an internal assessment from the Department of Defense indicates that the actual spending by the US on military operations against Iran could reach as high as $100 billion, far exceeding the previously reported figure of about $30 billion. The significant discrepancy is primarily due to the fact that the earlier official estimates did not include undisclosed operational costs, losses of advanced aircraft, and the severe damage costs to US military facilities in the Middle East. US Senator Angus King expressed that the American public is very disappointed by the inability to know the actual costs of the war, "not to mention the additional costs to the public in terms of gasoline prices and other areas." (CCTV News) -
International Gold and Silver Prices Continue to Decline
On July 16, spot gold fell by 2.00% during the day, currently priced at $3977.25 per ounce. Spot silver experienced a significant drop of 4.00%, currently priced at $55.44 per ounce. (Jin Shi) -
Trump Promotes Companies on Truth Social Days After Buying Their Stocks, Reports CNN
On July 16, CNN reported that last year, former U.S. President Donald Trump announced a 'very significant and exciting news' on the Truth Social platform. At that time, computer chip manufacturing giant Nvidia (NVDA.O) had just revealed plans to build an artificial intelligence supercomputer in the United States. In a post made on April 15, 2025, to his over 9 million followers, Trump promised that 'all necessary permits will be expedited and quickly delivered to Nvidia and similar companies.' However, what Trump did not disclose at the time was that just days earlier, he had purchased between $200,000 and $500,000 worth of stock in the company. A CNN investigation found that days after buying stocks in over 20 companies, Trump promoted these companies on his Truth Social account—sometimes announcing government actions that could benefit the companies he had just invested in. The White House strongly denied that Trump had used his position for personal gain, stating that all his actions were intended to benefit the American public. The White House claimed that all of the President's stock transactions were managed by external financial managers, and that Trump and his family had no control over specific trades. -
Brent Crude Oil Surpasses $85 as Risks in Middle East Oil Transport Increase
On July 16, concerns over oil supply in the Middle East intensified, coupled with the United States' continued crackdown on Iran, leading to a resurgence in oil prices. The global benchmark Brent crude oil rose above $85 per barrel, reversing a slight decline earlier. Over the previous three trading days, Brent crude prices had accumulated a 12% increase. Reports indicate that Iran has informed the Houthi rebels in Yemen that it will block the Red Sea shipping lanes if its power infrastructure is attacked. As the war in Iran disrupts oil transport through the Strait of Hormuz, the Red Sea route has become a crucial lifeline for Saudi Arabia's oil exports. -
Truth Social to Authorize Data Services for Wall Street
On July 16, Axios reported that Kevin McGurn, the interim CEO of Trump Media & Technology Group, stated that the company will launch a backend interface allowing financial services firms to pay for access to real-time data from Truth Social. McGurn noted that this marks the company's first expansion of its media business into the data licensing sector. The newly introduced Truth API will provide clients with real-time access to content published by the top ten trending accounts on the platform. McGurn mentioned that clients willing to pay higher fees in the future will also gain access to data from additional accounts. These accounts include key decision-makers who influence policy-making and geopolitical trends, such as former President Donald Trump, the White House, FBI Director Kash Patel, Deputy Chief of Staff Dan Scavino, and U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. -
Wall Street Investment Banks Generally Predict OpenAI's IPO May Be Delayed Until First Half of 2027
On July 16, according to 21st Century Business Herald, for the past six months, Wall Street has been brewing a narrative script of 'IPO for large model giants, a capital market celebration.' Investment bankers generally believe that as the revenue explosion of large model companies is confirmed in early 2026, these companies will push forward their IPO processes in the second half of the year to seize the best market window. However, entering July, this expectation has noticeably cooled. Recently, media reports indicated that OpenAI CEO Sam Altman rejected the advisory team's proposal of 'lowering the price to ensure listing,' reaffirming that a trillion-dollar valuation is his bottom line. Prior to this, Anthropic reached a valuation of $965 billion after completing financing at the end of May, which inadvertently put some pricing pressure on the ambitious Altman. In response, Wall Street investment banks generally predict that the IPOs of large model companies, originally scheduled to start in the second half of 2026, may be delayed until the first half of 2027 due to decreased market risk appetite and uncertainties in the liquidity environment. -
South Korean Stock Market Closed Tomorrow
On July 16, the Korea Exchange (KRX) announced that it will be closed on July 17 for Constitution Day, with both KOSPI and KOSDAQ markets fully suspended. -
China Electricity Council: National Computing Power Electricity Consumption Expected to Increase by Over 100 Billion kWh Annually
On July 16, according to Yicai, Zhang Lin, director of the Planning and Development Department of the China Electricity Council, introduced at a related press conference on July 14 that during the 14th Five-Year Plan period, the annual increase in electricity consumption for national computing power is expected to exceed 100 billion kWh, reaching an estimated 800 billion kWh by 2030, accounting for about 6% of total electricity consumption in society.
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