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Chinese memory chipmaker CXMT soared 500% on its Shanghai debut to become the country's most valuable company at over half a trillion dollars. Meanwhile, Apple, Amazon, Microsoft, and Meta prepare to report as cash burn concerns weigh on AI's biggest spenders, and the Fed meets Wednesday with oil retreating nearly $10 from above $100 a barrel after a pause in U.S.-Iran strikes.
Today’s recommended read: Crude oil futures are pricing market adaptability, not hopeful Iran peace, Clyde Russell.
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Read more from Amanda Cooper and Anna Szymanski.
Produced by Eliza Davis Beard and Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
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