Nike reported fiscal first-quarter revenue of $11.2 billion, down 4% year over year, as weakness in Greater China outweighed growth in North America. Net income fell to $712 million. The company said its new operating model is designed to deliver $2.5 billion in cost savings by 2031 and will include additional layoffs starting in calendar 2027. Citi kept a “neutral” rating, citing sales guidance below market expectations, as the stock is down nearly 45% since the beginning of the year.

Anthropic warns in its IPO prospectus that deteriorating relations with the U.S. government could trigger broader business disruption, even though government agency contracts account for less than 1% of annual revenue. The company says negative official perceptions of its technology or conduct could lead to revenue losses, operational disruption and reputational harm. It points to recent actions including its removal from USAi.gov and a federal procurement schedule, as well as a temporary export-control move that forced it to suspend access to newly released models.

The International Energy Agency’s Global Critical Minerals Outlook 2026, published in July, projects that copper supply deficits will persist through 2035, leaving a 25% shortfall. The IEA also forecasts data-center electricity consumption will roughly double from 485 TWh in 2025 to 950 TWh in 2030. By 2030, that would account for around 3% of global electricity demand, according to the agency’s Key Questions on Energy and AI report.

Anthropic’s confidential IPO prospectus shows the AI developer posted a net loss of nearly $42 billion in 2025, while its operating loss widened to $8.06 billion. Revenue was nearly $4.6 billion, about 12 times its 2024 total. Compute and infrastructure spending reached $7.33 billion, and the company said it has committed to hundreds of billions of dollars in additional related spending, with a potential IPO valuation that could exceed $2 trillion.

Gold and silver prices fell sharply on Monday as rising government bond yields weighed on precious metals. Gold futures slid nearly 4%, while silver futures dropped more than 5%. The pullback followed recent Federal Reserve rate increases and policy messaging that strengthened the U.S. dollar, adding to the downturn in metals.

Selling in U.S. Treasuries continued on Tuesday, pushing the 10-year yield to an intraday high of 5.041%, its highest level since 2007, before it ended at 5.006%. Rate-hike expectations stayed elevated ahead of the policy decision, with the CME Group’s FedWatch tool putting the probability of an increase at 92.3%. U.S. equities fell again, with the S&P 500 down 0.45%, the Dow off 0.63%, and the Nasdaq down 0.78%. Yields kept rising even after Treasury Secretary Scott Bessent said last week the department will buy back $6 billion of longer-dated debt and as the Treasury was said to be able to tap its $1 trillion General Account (TGA) to help fund expanded buybacks.

OpenAI CEO Sam Altman said the company will not go public in 2026. Fortune reported that OpenAI had previously discussed pulling a potential IPO forward and floated a possible listing valuation of about $1 trillion. OpenAI said it raised $122 billion in committed capital in March at a postmoney valuation of $852 billion, highlighting computing power as a strategic advantage.

The Nasdaq 100 is set for its quarterly rebalance, and SpaceX affiliate SPCX could see its index weight rise as more shares become freely tradable after lockups. The free float has increased to nearly 30% from about 10% after the IPO, which could lift the weighting from 1.25% to 2.25% and prompt passive buying by index funds and ETFs. SPCX shares are currently fluctuating between $135 and $150.

SoftBank’s SB Energy has filed for an IPO and is seeking to raise between $5 billion and $7 billion, with trading potentially starting in September. The company said it is “substantially dependent” on OpenAI, which is both a major tenant and an equity investor. SB Energy reported a net loss of approximately $3.2 billion in the first six months of 2026 on revenue of about $139 million, largely from its legacy energy operations.