Comex gold and silver prices rebounded. The move followed U.S. inflation data that came in below expectations, easing market concerns about further Federal Reserve rate hikes. The article focuses on intraday moves in precious metals and the macro drivers behind them, and does not cover individual stocks, crypto assets, or policy details.

IBM reported quarterly results with profit and revenue coming in well below market expectations. CEO Arvind Krishna said he did not anticipate the magnitude of customers’ capital-spending reprioritization toward AI hardware. The miss has raised concerns about how quickly IBM can adapt its business model in an AI-driven market and what that means for its longer-term competitiveness. The article does not cite any substantive price catalysts related to other traditional assets.

Robinhood has added a “Market Share” data module to its user dashboard. The feature lets users view, in real time, a crypto asset’s circulating market cap share of the overall market. The update is positioned as a platform-level data visualization upgrade rather than a change to listed trading pairs or supported assets. Robinhood has not disclosed the assets covered, the refresh frequency, or the calculation methodology, and it is not tied to token unlocks, regulatory actions, or fund-flow changes.

The US Climate Prediction Center has confirmed a strong El Niño, which is expected to bring drier conditions to West Africa and weigh on cocoa yields. Early surveys for Ivory Coast’s 2026/27 crop point to below-average cherelle formation, with output estimated at 1.8 MMT, down 18% from about 2.2 MMT in 2025/26. StoneX has sharply reduced its projected global cocoa surplus for 2026/27 to 149,000 MT. ICE cocoa inventories have climbed to a two-year high, even after prices recently rallied to multi-month peaks and have since pulled back in what is seen as a technical consolidation.

IBM issued an earnings warning, saying corporate spending is shifting heavily toward datacenter infrastructure such as servers, chips and networking equipment, weakening its core mainframe business. The company’s shares fell 25% in a single session, a drop larger than during the 1987 “Black Monday” crash. IBM is set to report second-quarter results on July 22, with investors watching for progress in its transition and whether AI-related revenue is materializing.

Bank of America raised its S&P 500 second-quarter earnings-per-share forecast to $85.50, up 28% year over year and 5% above the Wall Street consensus. It also lifted its full-year 2026 EPS estimate to $345 from $335, implying 26% annual growth. The bank said Energy and Tech are the main drivers, while early reporters have delivered an 83% EPS beat rate and a 72% revenue beat rate. Cooling inflation in the latest CPI reading was cited as an additional support for earnings resilience.

IBM warned that second-quarter revenue will be $17.2 billion, below the $17.86 billion consensus, and forecast adjusted EPS of $2.93 versus $3.02 expected. The company said customers shifted quarterly capital spending toward AI-related servers, storage and memory, leaving some mainframe and software deals unfinished. IBM shares plunged 25% in a single session, weighing on the Dow, while the IGV software ETF fell more than 4% and peers including Microsoft slid 2% to 5%.

Ripple said it has joined the x402 Foundation to jointly expand agentic payment capabilities built on the XRP Ledger (XRPL), with a focus on automated, programmable payment use cases for XRP and the RLUSD stablecoin. The x402 Foundation is focused on building decentralized payment infrastructure, with a stack designed for machine-to-machine (M2M) settlement without human intervention. The collaboration does not involve launching a new token or changing any tokenomics model, but it signals closer coordination in the Ripple-led public blockchain ecosystem around real-world payment applications and reinforces XRPL’s positioning as a high-TPS, low-fee payments network.