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A U.S. official told Axios that Iran fired at least two missiles at vessels in the Strait of Hormuz. Two merchant ships were struck and heavily damaged; no casualties reported.

2026-07-07

A U.S. official told Axios that Iran fired at least two missiles at vessels in the Strait of Hormuz. Two merchant ships were struck and heavily damaged; no casualties reported.

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2026-07-07

Counterpoint Research director MS Hwang said recent share-price weakness does not indicate a fundamental shift in the memory-chip market. Samsung Electronics fell 6.9% and SK Hynix fell 6.1% on Tuesday, even as Samsung expects another record quarter

Counterpoint Research director MS Hwang said recent share-price weakness does not indicate a fundamental shift in the memory-chip market. Samsung Electronics fell 6.9% and SK Hynix fell 6.1% on Tuesday, even as Samsung expects another record quarter on strong demand; some investors may view much of Samsung’s upside as already priced in on stronger profitability expectations. Hwang said recent strikes and political debate over profit-sharing could raise concerns about future shareholder returns, but manufacturers’ fundamentals remain solid. Counterpoint’s July memory-price tracking report now forecasts Q3 DRAM prices up 10–20% as customers continue to front-load orders, versus an earlier 5–10% projection.
2026-07-06

The 30-year US Treasury yield rebounded above 5% today, not because "expectations of a Fed rate hike have intensified again." Earlier that day, the 2-year yield was around 4.11%-4.13%, and the 10-year yield was around 4.46%-4.47%, with the short end

The 30-year US Treasury yield rebounded above 5% today, not because "expectations of a Fed rate hike have intensified again." Earlier that day, the 2-year yield was around 4.11%-4.13%, and the 10-year yield was around 4.46%-4.47%, with the short end not giving a similarly strong upward signal. This is more like a retest of the long-term resistance level: the 30-year yield reached 5.006% in early May and also touched 5% on July 1st. This return to 5% indicates that market concerns about long-term inflation, fiscal supply, and term premiums have not disappeared. The impact is mainly concentrated on the long-term discount rate, mortgage rates, and equity valuation anchoring, rather than the short-term policy path.
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