SharonAI said it has closed a $1.6 billion private placement financing, including $900 million in Class A ordinary shares and prefunded warrants and $700 million in convertible notes. The company said it plans to use the proceeds to support a previously announced six-year compute collaboration with NVIDIA, including deployment of up to 40,000 Grace Blackwell GB300 GPUs in Australia. Goldman Sachs served as lead placement agent.

After multiple military clashes near the Strait of Hormuz, the U.S. and Iran agreed to pause hostilities and head to Doha for talks. WTI crude futures edged up to $70.56 a barrel on Monday and Brent rose to $72.91, rebounding from Friday’s low as markets began pricing in easing tensions. Trump also pressed gasoline retailers to cut prices and called on California to lower its gas tax, without changing the core drivers behind oil prices.

Micron’s latest fiscal Q3 results were strong, with revenue rising 4x year over year and gross margin hitting 84.6%, as AI-driven demand lifted high-bandwidth memory pricing. The analysis argues that Samsung, SK Hynix and Micron are simultaneously ramping investment toward roughly $130 billion in a single year, far above prior cycle peaks. It warns that this scale of capacity build-out could flip supply-demand dynamics later and pressure DRAM prices and profitability if AI infrastructure spending undershoots expectations.

U.S. Treasury Secretary Scott Bessent called on gasoline retailers to lower prices as the country marks its 250th anniversary, warning that “we’re watching.” President Donald Trump had earlier threatened “big problems” if prices do not fall to around $2.50 a gallon. The push follows a recent oil-price surge tied to U.S.-Israel strikes on Iran and Iran’s retaliation, before prices eased after an initial agreement was signed this month.

The United States and Iran agreed to pause hostilities, and commercial shipping through the Strait of Hormuz quickly resumed, easing concerns about oil supply disruptions. Brent crude fell below $74 a barrel and WTI slipped below $71, leaving oil prices on track for a quarterly decline. The Dow hit a record high, while the S&P 500 and Nasdaq are up more than 8% and 11.1% in the first half, respectively, pointing to a strong half-year for U.S. equities.

Data from the Association of Petroleum Marketing Companies in Greece show retail gasoline and diesel prices have fallen back to near pre-war levels as international oil prices eased. Over the past four months, international gasoline prices rose 26.4%, but the recent pullback has lowered the average gasoline price by about 20 leptes per liter from wartime highs. The pass-through to pump prices typically comes with a delay of around four days. A diesel subsidy has also helped limit inflation spillovers by dampening increases in diesel prices.

Gold in Delhi slipped Rs 800 to Rs 1.45 lakh per 10 grams (inclusive of all taxes) as domestic demand stayed subdued. Silver rebounded Rs 6,000 to Rs 2,30,000 per kilogram (inclusive of all taxes), snapping a four-session losing streak. Spot gold edged up to USD 4,021.15 per ounce and silver rose nearly 1 per cent to USD 58.81 per ounce. Analysts said gold remained under pressure locally, while silver drew value buying after the recent correction.

Federal Reserve Chair Kevin Warsh is urging the central bank to scrap forward guidance, arguing that markets should set prices without relying on central-bank promises. If adopted, the shift would raise uncertainty around the interest-rate path, make US Treasury yields more sensitive to incoming data and lift volatility. It could also bolster the dollar’s relative appeal as a safe-haven cash instrument. The article does not announce an immediate policy change, but it signals a clear change in direction.