Chip Stocks Weaken, Oil Steady as Investors Await Hormuz Progress

Chip stocks fell in Asia and the U.S. as investors once again grew nervous about the durability of artificial-intelligence spending, while oil held steady in early European trade.

Eurozone Retail Sales Retreat as Consumers Still Fret Over War

Retail sales in the eurozone fell in June and was the second decline in the four full months since the start of the war against Iran.

Scott Bessent's Yen Trade Has Unintended Consequences for the Markets