Art Hogan, chief market strategist at B. Riley Wealth, used a recent TheStreet podcast to lay out what he sees as the right playbook for the next pullback in U.S. equities. His answer was not to abandon technology, but to rebalance it. Hogan said investors whose Nvidia positions have grown sharply should consider trimming oversized tech exposure and shifting part of those gains into three sectors he believes are set up to outperform: industrials, financials and healthcare. He said the second quarter could mark the first time in five quarters that all 11 S&P 500 sectors post positive earnings growth. Hogan kept his official year-end target for the S&P 500 at 7,800 and said the index could reach 8,000 if this earnings season brings broad guidance upgrades and higher full-year EPS expectations. On the tech side, he named Apple, Microsoft and Nvidia as his top picks, while warning against trying to predict the ultimate winners in large language models. In his view, the better trade is to own the companies selling the tools. He also pointed to the biggest downside risk: a prolonged Iran conflict that keeps WTI crude in the $75-$80 range into Labor Day, pushes gasoline toward $5, lifts inflation pressure and cuts into earnings growth. In that scenario, Hogan said S&P 500 earnings growth could slow sharply in the third quarter.

Predict.fun data shows England entering its 2026 FIFA World Cup semifinal against Argentina with a slight edge in market pricing. As of publication, the prediction market gave England roughly a 53% chance of advancing, while Argentina stood at about 46%, leaving support nearly even between the two sides. The match is scheduled for early July 16 in Beijing time and renews one of the World Cup’s most discussed rivalries. England and Argentina have previously met at the tournament in 1962, 1966, 1986, 1998, and 2002. While England holds a slight edge in the overall historical record, Argentina won two of the teams’ three prior knockout-stage meetings. England’s only knockout win over Argentina ended with the country’s first World Cup title. Both teams have had difficult paths to the semifinal in this edition: Argentina came through three straight knockout matches that went down to the final moments, eliminating Cape Verde, Egypt, and Switzerland, while England rallied to beat DR Congo and Norway before edging Mexico. The semifinal is a key test for Lionel Messi’s Argentina as it chases a title defense, and a major opening for England to reach its first World Cup final in 60 years.

The UK is planning to launch its first digital sovereign bond, called DIGIT, in early 2027, according to CoinDesk. If completed as outlined, the move could make Britain the first G7 country to issue government debt on distributed ledger infrastructure. The bond is set to be denominated in pound sterling and issued through HSBC’s Orion platform. It will operate within the digital securities sandbox run by the Bank of England and the Financial Conduct Authority. Bank of England Governor Andrew Bailey said the central bank will work to make the bond eligible as collateral in future market operations. The UK Treasury has not yet disclosed key terms, including the size of the issuance, tenor, coupon, investor access requirements, or the settlement asset.

Changxin Memory Technologies, or CXMT, said its earnings growth since the second half of 2025 has been supported by rising DRAM demand tied to AI and tight supply-demand conditions across the industry. Still, the company also warned that the DRAM business is highly cyclical and subject to sharp price swings, adding that AI’s future impact on overall DRAM demand remains uncertain. Yuan Yuan, the company’s vice president and board secretary, said CXMT plans to strengthen its ability to withstand industry cycles through technology upgrades, capacity optimization, and tighter cost controls. The company also reminded investors to pay attention to risks linked to broader industry volatility. The remarks point to a mixed backdrop for memory makers: near-term growth has improved, but visibility on demand remains limited.

MGBX will open trading for the DEXEUSDT and BOTUSDT perpetual contract pairs at 18:00 SGT on July 15, 2026, according to an official announcement cited by Odaily. The exchange said the new contracts will support leverage of up to 25x. The notice also outlined the underlying projects tied to the two tickers. DeXe Network, represented by DEXE, is described as a decentralized social trading and asset management platform operated by DeXe DAO. BOT refers to RoboStrategy, a closed-end fund that invests in robotics and embodied artificial intelligence companies working on technologies aimed at human-machine collaboration. No additional listing terms were disclosed in the brief announcement.

The United States is pushing a plan to revive an Iraq-to-Syria oil pipeline that would allow Iraqi crude to reach Syria’s Mediterranean coast and reduce dependence on the Strait of Hormuz. U.S. President Donald Trump said at the White House on July 14, during a meeting with Iraqi Prime Minister al-Chaidi, that a “massive” new oil cooperation deal could be announced this week or next. U.S. envoy Thomas Barrack has brought together Iraqi and Syrian officials and companies including Chevron to discuss restarting the long-idled pipeline. If revived, the route would move crude from fields near Kirkuk to Syria’s western coast, with Baniyas seen as a new export gateway. The report said Chevron, TotalEnergies, TI Capital and Qatar’s UCC Holding have taken part in recent discussions. But major obstacles remain, including security concerns in western Iraq and eastern Syria, where Islamic State remnants are still active, and questions over whether Syria’s new government can stabilize the country enough to support investment.

ASML raised its 2026 revenue outlook after reporting second-quarter results above its own guidance, helped by persistent demand tied to AI chips. The Dutch company, the only supplier of extreme ultraviolet lithography systems used for advanced AI chip production, said second-quarter revenue reached 9.3 billion euros and gross margin came in at 54%, both ahead of forecast. It now expects full-year revenue of 43 billion to 45 billion euros, about 16% above the midpoint of its previous range, with full-year gross margin projected at 54% to 56%. For the third quarter, ASML guided for revenue of 11 billion to 12 billion euros and gross margin of 55% to 57%. The company also said demand in the first half was "extremely strong," with customers including TSMC, Samsung, SK Hynix and Micron expanding capacity to meet AI-related demand. To support that order momentum, ASML said system capacity will rise another 30% in 2027 and it is evaluating a further 30% increase in 2028. CEO Christophe Fouquet also said Intel will use ASML’s next-generation High-NA EUV tools to mass-produce some of its most advanced Panther Lake laptop chips, marking the technology’s first use in volume manufacturing.

ChangXin Technology said it expects to retain a no-controlling-shareholder structure after its listing, according to comments made by Vice President and Board Secretary Yuan Yuan in response to investor questions. She said the company’s ownership will become more dispersed after going public, with each of the top five shareholders holding no more than 30% and no single shareholder owning more than 50%. Yuan also outlined the company’s governance setup. ChangXin Technology has established a modern governance structure made up of the shareholders’ meeting, the board of directors, specialized committees, and the management team. The board has 11 members, including four independent directors. Among the seven non-independent directors, the actual nominating parties are Qinghui ChangXin with one seat, ChangXin Jicheng with one seat, the National Integrated Circuit Industry Investment Fund Phase II with two seats, Hefei Jixin with one seat, Anhui Provincial Investment with one seat, and one employee director seat. According to Yuan, no shareholder can determine the appointment of more than half of the board through actual control of voting rights. She said the company is expected to keep a relatively dispersed board nomination structure after listing.