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Oriole Resources PLC (LSE:ORR) has released its inaugural JORC-compliant Exploration Target for the Mbe orogenic gold project in Cameroon. The estimate outlines a potential mineralized volume of between 33 and 44 million tonnes, containing approximately 0.82 to 1.34 million ounces of gold. This milestone represents a major advancement in the project’s development and supports the company’s broader strategic ambitions in Central Africa.

Drilling activities remain underway, with the goal of delivering a formal Mineral Resource Estimate (MRE) by the fourth quarter of 2025. Achieving this would significantly reinforce Oriole’s standing in the regional gold exploration market and enhance its operational momentum.

About Oriole Resources PLC

Oriole Resources PLC is a UK-based exploration firm listed on AIM, focused primarily on gold projects across West and Central Africa. The company’s mission is to uncover and advance promising mineral deposits, with current efforts concentrated on early-stage and advanced exploration opportunities in underexplored regions.

The Gym Group (LSE:GYM) has announced strong interim results for the first half of 2025, highlighting an 8% year-on-year revenue boost to £121 million and a 4% uptick in average membership numbers. The company has launched three new locations so far this year and expects to roll out a total of 14 to 16 new gyms by the end of 2025. Alongside its expansion, the firm has made progress in reducing its net debt and has secured a one-year extension and enhancement of its banking facilities, improving its financial flexibility.

With growing membership figures and continued investment in site development, The Gym Group remains positive about its prospects for the full year. The company is benefiting from favorable technical trends and constructive corporate developments, which bolster investor confidence. Despite clear signs of financial recovery, the business still faces challenges related to high debt levels and a relatively elevated price-to-earnings ratio. Nevertheless, its deliberate expansion efforts and insider share purchases are encouraging signs.

About The Gym Group

The Gym Group is a prominent player in the UK’s budget fitness sector, known for its round-the-clock gym access and no-contract membership model. As of June 2025, the company operates 247 modern fitness sites nationwide, catering to more than 900,000 members. Renowned for delivering high customer satisfaction, it also holds the distinction of being the UK’s first carbon-neutral gym chain.

U.S. stocks ended Tuesday mixed as investors weighed the economic consequences of President Donald Trump’s renewed tariff threats. The S&P 500 slipped 0.1%, the Dow Jones Industrial Average fell 165 points (0.4%), and the Nasdaq inched up 0.03%.

Trump Holds Firm on Tariff Deadline

President Trump announced that his administration will not extend the August 1 deadline for implementing new reciprocal tariffs, which had previously been delayed from July 9. The decision has reignited concerns over a potential escalation in global trade tensions if negotiations stall.

On Monday, Trump issued formal notices imposing new tariffs on several countries. These include:

• 25% on imports from South Korea, Japan, Malaysia, and Kazakhstan
• 30% on South Africa
• 32% on Indonesia
• 35% on Bangladesh
• 36% on Thailand

These tariffs will apply independently of existing sector-specific tariffs, such as those on autos, steel, and aluminum.

Notably, India and the European Union were left out of this latest round of tariff letters—an omission analysts view as a possible signal of progress in ongoing trade talks with those regions.

Wolfe Research described the announcements as “decidedly mixed news” for markets. While the new tariffs and a recent preliminary agreement with Vietnam could generate up to $54 billion in additional annual revenue for the U.S. government, the looming deadline keeps the threat of renewed trade tensions alive.

Still, some investors remain confident that Trump will act pragmatically to avoid rattling markets—especially in light of past volatility following his “Liberation Day” tariff announcement.

“Nothing has materially changed yet—just letters were sent. But the direction of U.S. trade policy appears increasingly hawkish,” Wolfe analysts wrote in a note to clients.

Amazon Launches Extended Prime Day

Amazon (NASDAQ: AMZN) kicked off its Prime Day sales event on Tuesday, extending it to four days following customer feedback requesting more time to shop.

During the 2024 Prime Day, U.S. consumers spent $14.2 billion, up 11% from the prior year, according to Adobe Analytics data reported by Reuters.

Hershey Names New CEO

Hershey Co. (NYSE: HSY) shares declined after the company announced Kirk Tanner, an executive at Wendy’s, will take over as CEO starting August 18. He replaces longtime leader Michele Buck, who has served over two decades with the company.

SoFi Hits Record on Expansion into Private Markets

SoFi Technologies Inc. (NASDAQ: SOFI) surged to a new all-time high after unveiling plans to offer retail investors access to private companies in sectors including AI, machine learning, and space technology—part of its broader push into alternative investments.

Fed Minutes Awaited

Looking ahead, investor attention turns to the Federal Reserve’s June meeting minutes, due Wednesday. The Fed has held rates steady and signaled caution amid uncertainty over the inflationary effects of Trump’s evolving tariff agenda.

Apple’s (NASDAQ:AAPL) App Store revenue rose about 12% year-over-year in June, UBS analysts reported Tuesday, citing Sensor Tower data. The figure matches the growth rate seen in May, boosted slightly by currency tailwinds as the U.S. dollar weakened.

Foreign exchange had a roughly 200 basis-point positive effect, UBS noted, though on a currency-neutral (FXN) basis, growth slowed to around 10%, a decline of 70 basis points compared to the prior month. Still, “growth was fairly consistent between the U.S. (~12%) and Rest-of-World (ROW) (~13%) on a reported basis,” according to the UBS team, even as underlying comps varied.

In the U.S., App Store revenue in the June quarter rose by 11%, outperforming the March quarter by 100 basis points. Meanwhile, Rest-of-World (ROW) markets also showed 12% growth on a reported basis, an improvement of 250 basis points over the previous quarter. However, ROW’s FXN growth stayed flat at 10%.

UBS held firm on its June-quarter Services revenue projection for Apple, expecting roughly 11% growth. Still, the bank sees potential upside due to the FX environment: “Considering that FX should be at least a 100 bps smaller headwind than previously expected, we believe that there is upside risk to our ‘Services’ revenue estimate.”

The firm added that if Services growth exceeds expectations by one percentage point, total revenue from the segment could reach $27.1 billion rather than $26.9 billion, potentially increasing EPS by about one cent from the current forecast of $1.40.

As for regulatory changes, UBS said the new EU Digital Markets Act—which permits app distribution outside the App Store—has yet to meaningfully impact growth. “Sensor Tower data suggests the impact has been relatively muted in the EU thus far, with growth run rating in the mid-20s% since Jan-24,” analysts wrote.

With the EU contributing only a high-single-digit share of total App Store revenue and the U.S. accounting for nearly one-third, UBS concluded the broader financial risk remains “relatively limited,” even in light of recent App Store fee updates.

UBS maintained its Neutral rating on Apple stock, with a 12-month price target of $210, in line with the current market price.

European equities were mostly flat on Tuesday, as investors assessed fresh trade tensions triggered by U.S. President Donald Trump’s latest tariff proposals and their potential impact on global economic growth.

Trump announced Monday that new, elevated tariffs on imports from 14 countries will take effect on August 1 — a delay from the original July 9 start date. The European Union is said to be actively negotiating exemptions from the existing 10% U.S. base tariff.

In economic developments, Germany’s export sector showed continued weakness. According to Destatis, exports fell 1.4% month-over-month in May — marking the second consecutive monthly decline — amid sagging demand from the U.S. Imports also saw a steep drop of 3.8%, reversing the 2.2% rise seen in April.

By midday trading, the French CAC 40 had slipped 0.3%, while Germany’s DAX was hovering just above the flatline. The U.K.’s FTSE 100 posted a marginal gain of 0.1%.

In company-specific news, Hansa Biopharma saw its shares rise after naming Richard Philipson as its new chief medical officer. Basilea (TG:PK5) gained ground as well, buoyed by a $39 million injection from the U.S. Biomedical Advanced Research and Development Authority (BARDA) to advance its antifungal treatments Fosmanogepix and BAL2062.

Conversely, shares of Victrex (LSE:VCT) tumbled following the announcement of a leadership change and disappointing third-quarter revenue figures.

U.S. stock index futures hovered near unchanged levels early Tuesday, suggesting a cautious start to the trading session after Monday’s steep market drop. Investors appear hesitant to make bold moves amid persistent ambiguity around President Donald Trump’s evolving trade stance.

On Monday, Trump formalized an extension of the temporary suspension on reciprocal tariffs affecting several U.S. trading partners. The executive order pushed the deadline from July 10 to August 1, citing “additional information and recommendations from various senior officials.”

However, Trump added that the new deadline is “not 100 percent firm,” explaining, “If they call up and they say something a different way, we’re going to be open to that.” The ambiguity left markets on edge.

The order followed a series of letters Trump posted to his Truth Social account, warning of impending tariff hikes on at least 14 countries. The letters detailed tariffs ranging from 25% to as high as 40%, with potential penalties of up to 70% for countries viewed as aligning with “anti-American policies.”

With no major U.S. economic reports scheduled for release today, investors are instead looking ahead to the Federal Reserve’s June meeting minutes, due out Wednesday. These minutes could offer critical clues about future interest rate policy ahead of the central bank’s July 29–30 meeting.

Currently, the CME FedWatch Tool suggests a 95.3% probability that the Fed will keep interest rates unchanged later this month.

On Monday, U.S. equities experienced a broad selloff, reversing gains from the prior week’s rally, which had pushed the S&P 500 and Nasdaq to record highs. Stocks stumbled out of the gate and lost further ground throughout the day.

Though the major indices recovered slightly from session lows, they still ended the day firmly in the red. The Dow Jones Industrial Average fell 422.17 points, or 0.9%, closing at 44,406.36. The Nasdaq Composite declined 188.59 points (0.9%) to 20,412.52, while the S&P 500 dropped 49.37 points, or 0.8%, to finish at 6,229.98.

Analysts attributed the pullback to profit-taking, compounded by fresh trade jitters sparked by Trump’s tariff letters. Imports from Japan, South Korea, Malaysia, and Kazakhstan are set to face 25% tariffs, while South African goods will see a 30% levy. Imports from Laos and Myanmar will be subject to 40% duties, according to the documents shared by Trump.

“What’s troubling investors is Trump potentially moving the goalposts yet again,” said Dan Coatsworth, investment analyst at AJ Bell. “He has form in constantly coming up with new terms and conditions and has now threatened an extra 10% tariff on countries who align themselves with ‘anti-American policies’ of BRICS nations.”

“He also suggests some tariffs could reach up to 70%, greater than the previous maximum amount on the Liberation Day menu,” he added. “Investors would much prefer one set of rules and for the Trump administration to stick to them.”

Market weakness was most pronounced in the tech and energy sectors. The NYSE Arca Computer Hardware Index sank 2.2%, retreating from a four-month high. Oil service stocks also underperformed, with the Philadelphia Oil Service Index slipping 2.0%.

Airlines, semiconductors, and steel stocks posted similar declines, while gold-related shares stood out as rare gainers, benefiting from renewed demand for safe-haven assets.

Glencore Plc (LSE:GLEN) has reportedly finalized a deal to offload its copper refining operation in the Philippines to the family of Filipino billionaire Manny Villar Jr., according to a Bloomberg report published Tuesday. The sale comes amid a challenging environment for the global smelting industry, where processing fees have dropped to historic lows.

The asset in question is Philippine Associated Smelting and Refining Corp. (Pasar), one of the country’s largest copper refining facilities. The move marks Glencore’s exit from a long-held and strategically vital site in Southeast Asia.

Located in Leyte, Pasar has served as a crucial hub for Glencore’s global copper trading network. The smelter processes copper concentrates from producers across the Pacific — including Australia and Indonesia — and has been known to take on distressed shipments rerouted from South America en route to China.

The Villar family’s acquisition underscores their growing interest in expanding their portfolio beyond real estate and infrastructure, particularly into energy and heavy industry. While financial terms of the deal have not been disclosed, the transaction reflects shifting dynamics in the global metals market and increasing regional interest in industrial assets.

This Wednesday, July 9, was supposed to end the 90-day grace period Donald Trump had set for countries to reach trade agreements with the U.S., or face steep tariffs. As such, markets tightened again, especially after Trump announced 25% tariffs on Japan and South Korea, which will take effect on August 1. To top it off, he also sent a new wave of warning letters to Malaysia, Kazakhstan, Laos, and Myanmar, among others.

Subsequently, the major U.S. indices fell, including the S&P 500 and the Nasdaq. However, the situation had improved slightly by the end of the session. In a now familiar move, Trump backtracked on his tariff threats, signing an executive order postponing “reciprocal” tariffs until August 1, as opposed to the July 9 initially set. Thus, the markets breathed a sigh of relief, but the issue remains on the table, and it is big.

So far, trade agreements have only been reached with the United Kingdom, Vietnam, and China. The European Union also appears close to reaching a trade agreement with the United States. There is also progress in talks with India, and, finally, negotiations with Canada and Mexico are ongoing. In short, progress is being made slowly, and it is not yet clear how substantial the final agreements will be.

Beyond the uncertainty, the risk of this whole trade war saga is that it prevents the Fed from resuming the easing cycle. In a speech last week, Jerome Powell reemphasized that the Fed is in no rush to cut rates, in large part because of the current trade-related uncertainty. If Trump were to replace Powell with someone more accommodative, it could undermine confidence in the Fed’s independence, which would only worsen matters.

And what if no major deals are made?

That would be the worst-case scenario. A collapse in negotiations could trigger capital flight from U.S. assets, impacting not just the dollar and Treasuries, but also equities. Global investors could rotate into safer or alternative assets like the euro (EURUSD), yuan (USDJPY), or gold (XAUUSD). The U.S. stock market would not be immune and could take a significant hit. Still, the White House will likely do everything possible to avoid this cliff-edge scenario. 

U.S. stock futures mostly rose Tuesday as investors digested President Donald Trump’s latest moves on tariffs. Trump sent formal letters to over a dozen countries detailing the higher tariffs they will face but extended the deadline for implementing these levies. Meanwhile, China warned Washington against reigniting trade tensions.

Futures Show Moderate Gains

By early Tuesday morning, Dow futures were steady, S&P 500 futures ticked up slightly by 0.1%, and Nasdaq 100 futures rose 0.2%. Markets had pulled back on Monday following Trump’s tariff letters, as some traders took profits amid uncertainty. Yet optimism remains as some investors believe Trump may remain open to negotiation, supported by signs of steady economic growth and easing inflation pressures.

Analysts from Vital Knowledge noted, “Despite Monday’s dip and tariff concerns, market bulls continue to drive the conversation.”

Tariff Letters Signal Increased Levies but Flexible Timeline

On Monday, Trump sent tariff notifications to 14 countries, warning of upcoming tariff hikes higher than the current baseline 10%, though somewhat less steep than his initial April announcements. The new deadline to enforce these tariffs was moved to August 1, giving countries—including major suppliers like Japan and South Korea—more time to negotiate.

Asked about the firmness of the new deadline, Trump said it was “firm, but not 100%,” signaling openness to alternative proposals if trading partners request adjustments.

Notably, these new tariffs will not overlap with existing sector-specific tariffs on cars, steel, and aluminum. India and the European Union were not included in the latest round of notifications, fueling speculation that trade agreements with these entities may be forthcoming.

Japan signaled continued willingness to negotiate, with Prime Minister Shigeru Ishiba affirming ongoing talks. South Korea’s Trade Minister Yeo Han-koo also met U.S. Commerce Secretary Howard Lutnick to discuss potential tariff exemptions or reductions in key sectors.

China Cautions U.S. Against Escalation

In a related development, China urged the U.S. to avoid reigniting tariff disputes that could undermine the fragile trade truce recently agreed upon. Although the U.S. and China reaffirmed a trade framework in June after marathon negotiations, many details remain unclear, casting doubts over the durability of the agreement.

China has until August 12 to reach a deal with the U.S., or risk facing tariff rates exceeding 100% on some goods. The People’s Daily, the official Communist Party newspaper, called for continued dialogue and cooperation but condemned Trump’s tariffs as “bullying.” It also warned smaller countries against striking deals with the U.S. that exclude China, threatening retaliation.

Oil Prices Slip Amid Trade and Supply Concerns

Crude oil prices edged down as investors weighed the uncertain impact of tariffs on global demand alongside rising production from OPEC+. Brent crude futures fell 0.1% to $69.54 per barrel, while U.S. West Texas Intermediate futures declined 0.2% to $67.76.

OPEC+ recently announced an increase of 548,000 barrels per day in August production—more than the boosts seen in May, June, and July—adding pressure to the market amid trade-related demand worries.

Amazon Launches Extended Prime Day Sales

Amazon (NASDAQ:AMZN) kicked off its Prime Day event Tuesday, extending the annual sales event to four days this year, longer than usual. Analysts predict U.S. online spending during the event will hit $23.8 billion, a 28.4% jump over last year’s two-day sale.

Amazon attributes the longer event to members requesting more time to shop deals. In 2024, Americans spent $14.2 billion during Prime Day, representing an 11% increase from the previous year.

The event faces stiff competition from rivals Walmart, Target, and TikTok Shop, who are also targeting younger shoppers eager for back-to-school discounts. Amazon has responded with special offers and discounted Prime subscriptions for younger consumers.