Real-time News

On August 7th, it was reported that SpaceX (SPCX.O) plans to build its own power facilities for Terafab, a large semiconductor manufacturing plant being developed by SpaceX and Tesla in Texas. Riley Trettel, who oversees SpaceX's energy and data center development, stated on Wednesday in Grimes County, Texas, "We will be self-sufficient, we will build gas-fired power plants, and we will also build very large battery arrays to store energy." These remarks provide new details to the new factory plans being pursued by Musk's two largest companies. The surge in electricity demand from data centers and new factories has driven demand for new natural gas power plants, a model Musk has long favored for vertical integration. This is not the first time Musk and his companies have entered the Texas energy market. Tesla produces large grid-scale battery storage devices called Megapack and has a Megapack factory west of Houston.

Disney (DIS.N): Begins testing AI-powered search and content discovery features on ESPN and Disney+.

According to Nikkei: Japan will share its advanced defense procurement plans with contractors.

The Central Bank of Mexico: Growth faces significant downside risks.

Sources say Paramount (PSKY.O) has suspended negotiations for NFL media rights due to legal disputes.

Hang Seng Index futures closed down 0.02% at 25,542 points in overnight trading, a premium of 12 points.

Mexico's central bank set its interest rate at 6.5% on August 6, as expected, compared to the previous rate of 6.50%.

According to Futures News on August 7th, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell 0.01%, the main Shanghai Silver futures contract fell 0.93%, and the main SC Crude Oil futures contract rose 3.34%.

Regional governor: Emergency rescue teams have extinguished the fire at the oil refinery in the Yaroslavl region of Russia.

August 7th - As of 2:30 PM closing, the Shanghai Gold futures main contract closed down 0.01% at 925 yuan/gram, the Shanghai Silver futures main contract closed down 0.93% at 15076 yuan/kilogram, and the SC crude oil futures main contract closed up 3.34% at 527 yuan/barrel.

On Thursday, August 6, the Shanghai Gold Exchange's gold T+D futures contract closed down 0.14% at 922.7 yuan/gram; the Shanghai Gold Exchange's silver T+D futures contract closed down 0.88% at 15013.0 yuan/kilogram.

According to Nikkei, Japan's Financial Services Agency (FSA) plans to establish a research group comprised of external experts as early as this fiscal year to consider revising relevant rules, including raising the transaction limit by 10%. The FSA has already stipulated that such platforms can only handle a maximum of 10% of the total value of Japanese stock transactions.

According to Nikkei: Japan will assess and adjust its proprietary trading quota due to a significant increase in trading volume.

A market expectation survey by the Central Bank of Argentina shows that Argentina's inflation rate is expected to be 2.0% by the end of 2026, a decrease of 1 percentage point from the previous forecast.

According to the Iranian news agency IRNA, sources in Yemen linked to the Houthi rebels said that a Saudi Arabian military command center on the Yemeni border was attacked.

Occidental Petroleum (OXY.N): Spot sulfur prices at the Al Hosn project rose in the third quarter. Significant fluctuations in freight costs could impact realized sulfur prices in the third quarter and could lead to sales delays or disruptions.

ICE data shows that the price of near-month wholesale natural gas contracts in the Netherlands rose 10% to €57.67 per megawatt-hour.

The Federal Reserve accepted a total of $1.429 billion from six counterparties in its fixed-rate reverse repurchase operations.

Brazilian state-owned oil company executives: Refinery utilization was slightly below 100% in July, and further declined to 98% in August.

Occidental Petroleum (OXY.N): It is expected to reduce the number of drilling rigs by 3 in the Permian Basin and add 15 new oil wells to production in the fourth quarter.