7h ago
Nigeria petrol retail price climbs to N1,230 per litre as Dangote refinery shifts to dollar sales and Iran tensions lift crude
Petrol retail prices in parts of Nigeria have risen to N1,230 per litre, driven by the Dangote Petroleum Refinery’s decision to sell to marketers in dollars and a jump in global crude prices tied to renewed U.S.-Iran tensions. Major depot loading prices are broadly at N1,185–N1,245 per litre nationwide, and some stations have temporarily suspended sales. Industry groups warned of monopoly-style, arbitrary pricing and said a single company’s actions should not set prices for the entire market. The move highlights a rising global supply-risk premium and intensifying pressure on Nigeria’s downstream pricing framework.
7h ago
8h ago
Foreign investors dump $8.1 billion in South Korean stocks July 1–16 while net buying $403 million in ETFs
From July 1 to 16, foreign investors net sold $8.1 billion of South Korean stocks as the KOSPI fell 19.6%. Over the same period, they net bought $399 million in South Korea-listed equity ETFs, concentrating on leveraged and inverse products tied to the KOSPI 200 as well as semiconductor-themed ETFs. Samsung Electronics leveraged ETFs saw net inflows, while SK Hynix leveraged ETFs posted sizable net outflows. The positioning has been interpreted as volatility-hedging rebalancing rather than a one-way bearish bet.
8h ago
10h ago
Bitmine says it needs 507,000 ETH more to reach a 5% share of circulating ETH supply
Crypto firm Bitmine said it needs to add just 507,000 ETH to meet its goal of owning 5% of Ethereum’s circulating supply. The statement did not specify the funding source, timeline, or execution path, and it was not backed by on-chain verification. The announcement has nonetheless drawn attention because of its explicit, quantified target and scale, based on an estimated mid-2026 circulating supply of about 30 million ETH, implying 5% equals 1.5 million ETH. The development is being treated as an off-chain, public-statement signal of whale behavior and does not involve confirmed on-chain transfers or protocol changes.
ETH
ETH+1.34%
10h ago
10h ago
Netflix posts Q2 2026 revenue of $12.6 billion, trims Q3 growth view to 11.7% as shares slide about 9% after hours
Netflix reported Q2 2026 revenue of $12.6 billion, up 13% year over year, but cut its Q3 growth forecast to 11.7%, marking a third straight quarter of deceleration. The outlook shift sent the stock down about 9% in after-hours trading. The company also said it repurchased $4.7 billion of shares in Q2, a quarterly record, and expects advertising revenue to reach about $3 billion, roughly 6% of full-year revenue.
10h ago
10h ago
Oracle flags more than $40 billion in debt-and-equity financing as shares slide to $121.50
Oracle’s latest earnings report put its Remaining Performance Obligations (RPO) at $638 billion alongside $67 billion in annual revenue. The company also guided that it expects to raise more than $40 billion through a combination of debt and equity this year, sending long-term bond yields higher, with the 2052 notes at 7.6%. Investors are also focused on customer concentration after OpenAI was said to account for nearly half of the backlog, and the shares fell to a one-year low, breaking below $136.
10h ago
11h ago
S&P 500 and Nasdaq 100 slide even as earnings season starts strong
The S&P 500, Nasdaq 100 and Dow have pulled back more than 5% from their year-to-date highs, even as bank and technology earnings come in strong and the odds of a Federal Reserve rate hike ease. Selling pressure has been led by a broad AI-related retreat after Moonshot released its Kimi K3 model, stoking concerns about whether U.S. leaders are still ahead. Hardware-linked names such as Micron and Nvidia have fallen more than 20% from their year-to-date highs, while a weak Netflix report added to the risk-off tone.
11h ago
14h ago
T. Rowe Price launches multi-crypto ETF holding Bitcoin, Ethereum and XRP
U.S. asset manager T. Rowe Price has launched a multi-cryptocurrency ETF that includes Bitcoin, Ethereum and XRP. The fund is now listed and trading in the United States, marking the first time XRP has been included in an ETF lineup issued by a major traditional financial institution. The move offers a compliant investment channel for XRP under an SEC-regulated framework and could draw additional institutional inflows while reinforcing its positioning as a mainstream crypto asset. Details such as the ETF’s size, fees and custody arrangements were not disclosed in the headline.
XRP
XRP+0.57%
14h ago