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According to the Wall Street Journal, NASA Administrator Jared Isaacman flew a vintage fighter jet to the Washington Air Show despite objections from the Federal Aviation Administration (FAA). Isaacman had invited White House officials, including Tre

2026-07-06

According to the Wall Street Journal, NASA Administrator Jared Isaacman flew a vintage fighter jet to the Washington Air Show despite objections from the Federal Aviation Administration (FAA). Isaacman had invited White House officials, including Treasury Secretary Bessenter, White House Deputy Chief of Staff Dan Scavino, and Trump senior advisor Chris Lacivita, to ride with him, but these arrangements were ultimately canceled.

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2026-07-06

Senior commodities analyst Henry Hu says gold-jewellery stocks historically tracked gold prices and were treated as adjuncts to miners, but the dynamic has shifted. Since 2025 investment gold bars have exceeded 50% of the China market and become domi

Senior commodities analyst Henry Hu says gold-jewellery stocks historically tracked gold prices and were treated as adjuncts to miners, but the dynamic has shifted. Since 2025 investment gold bars have exceeded 50% of the China market and become dominant; self-purchase and wedding demand remain rigid but are budget-anchored, so consumers tend to wait when gold is elevated. A H1 decline in the gold price has not produced a clear rebound in jewelry sales. Fixed-price SKUs suffer from delayed repricing and companies’ responses differ; Gram-weight products are more resilient. Chaohongji reported sequentially acceleration in Q2 and continued sell-through. Crucially, share prices have materially disconnected from fundamentals: gold weakness affects firms unevenly, yet the sector has fallen collectively and many names trade at very low PBs (Chow Sang Sang ~0.4). Absent a further ~50% drop in gold, current valuations look cheap.
2026-07-06

Reuters survey: After the July monetary policy meeting, 14 of 26 economists expect the RBNZ to raise rates by a further 25bps before end-September, taking the terminal policy rate is 2.75%.

Reuters survey: After the July monetary policy meeting, 14 of 26 economists expect the RBNZ to raise rates by a further 25bps before end-September, taking the terminal policy rate is 2.75%.
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