Oil prices rebounded Tuesday after Monday's sharp plunge, as President Trump called the latest round of talks with Iran the "last chance" to end the five-month conflict and Tehran denied any direct negotiations were underway, according to CNBC. Trump said he agreed to keep pursuing talks at the request of Saudi Arabia, the UAE and Qatar, while Iran continues to restrict shipping through the Strait of Hormuz to a route hugging its own coast. The war's earnings windfall showed up directly in today's results: BP's profit more than doubled to $4.6 billion in the second quarter, and Saudi Aramco's adjusted net income rose 33% to $33.4 billion as its average realized crude price jumped to $108 a barrel from $66.70 a year earlier, according to Arab News. Trump, who blasted Exxon and Chevron a day earlier for "making too much money," kept up the pressure on BP and other majors Tuesday, demanding lower prices at the pump even as the same conflict he's negotiating over is what's inflating their profits.

HSBC's quarterly profit surged to $10.1 billion, beating analyst estimates on higher net interest income and fee growth, and the bank resumed share buybacks as a result, according to the Financial Times. It's a strong showing for a bank whose fortunes are closely tied to Asian trade and rate cycles, landing the same week Japan's own megabanks are posting record profits off the BOJ's tightening path.

The Kospi closed up 1.62% Tuesday, clawing back a slice of Monday's 5.13% plunge, while the Kosdaq surged nearly 6% as Samsung Electronics and SK Hynix both stabilized after Monday's near-9% declines, according to TradingKey. SK Hynix separately opened talks with its labor union over bonus pay, according to Investing.com, a reminder that South Korea's memory boom is now generating its own labor-cost pressure alongside the capacity buildout.

Losses tied to the Coldcard hardware-wallet firmware flaw could swell to $130 million across three confirmed attack waves, according to Galaxy Research — up sharply from the roughly $89 million estimate reported a day earlier. Bitcoin itself has largely shrugged off the news, trading near $64,000 as traders look past both the hack and Strategy's latest bitcoin sales, according to CoinDesk. Researchers still haven't confirmed whether a single operator is behind all four attack waves.

Southeast Asian super-app Grab said AI tools are helping it ship products more than 30% faster and raised its full-year forecast as a result, according to CNBC — a rare case of a consumer-facing Asian tech name pointing to AI as a near-term operating-margin story rather than a future promise.

Friday's US nonfarm payrolls report — expected to show roughly 85,000 jobs added, against last month's 57,000 — arrives in a week already packed with market-moving prints, with Palantir, SpaceX and AMD all reporting within days of each other, according to digest coverage of Barron's preview. A soft print would add fresh weight to the case for a faster Fed pivot just as the BOJ's own hawkish minority is pushing the other way on rates.

HP, Asus and Acer have started using small amounts of DRAM chips from China's CXMT in laptops built for markets outside the US, as an unprecedented global memory shortage forces PC makers to diversify beyond their usual suppliers, according to Nikkei Asia. CXMT is a DRAM-only producer, so the shift lands squarely in the same commodity-memory category where Samsung, SK Hynix and Micron compete — not the higher-margin HBM stacks reserved for AI accelerators — but it's still a real toehold for a Chinese chipmaker inside mainstream Western PC brands, one that stays narrow for now given the risk of backlash from Micron, Samsung and SK Hynix. Micron shares fell on the news, extending a rough stretch that includes a separate report of Apple testing CXMT's memory chips for devices sold in China, according to Yahoo Finance — pressure that's showing up on the Tokyo side of the trade too, with Kioxia's rally Tuesday reading as the market betting NAND-focused suppliers benefit from the same shortage squeezing DRAM.

Palantir's second-quarter revenue rose 93% year-over-year to $1.9 billion, with profit of $1.1 billion exceeding the company's entire revenue from a year earlier, according to TechCrunch. In the same shareholder letter, CEO Alex Karp argued leading AI labs have "Marxist overtones" in how they treat enterprise partners, writing that the labs aim to "capture the means of production of their purported partners" by extracting client data and expertise to build competing products. Karp framed Palantir's model-agnostic approach — letting clients keep control of their own data — as the alternative, a pitch that doubles as a direct shot at the AI labs Palantir increasingly competes with for enterprise contracts.

Apple has asked a federal judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing Apple's confidential information, according to Techmeme, citing Reuters. OpenAI disputed Apple's account of what happened before the lawsuit was filed, saying it has shared iMessages and emails contradicting claims that the ex-staff used confidential material. The dispute lands weeks before Apple's own leadership handoff: CEO Tim Cook's final day is set for August 31, with hardware chief John Ternus taking over September 1 — making today's earnings one of Cook's last as chief executive, a milestone Wall Street is already using as a lens on Apple's next decade.

Texas has halted approval of new data-center grid connections until audits are completed, with projects representing more than 474 gigawatts already in the queue — over five times the state grid's peak demand, according to The Texas Tribune, via Techmeme. The pause lands the same week Fitch warned that a correction in AI spending could pose a real risk to corporate credit markets, given how much of the hyperscaler buildout is now funded by debt rather than cash flow, according to The Motley Fool. Together they're a reminder that the AI capex story now has two real physical constraints — grid capacity and credit appetite — sitting underneath the demand narrative that's been driving chip names in both Seoul and Tokyo.

AMD reports after today's US close with Wall Street looking for adjusted earnings of $1.61 a share on revenue up nearly 47%, according to MarketWatch, and SpaceX follows with its first earnings report as a public company, with consensus calling for roughly $6.82 billion in quarterly revenue, according to The Motley Fool. Both prints carry real read-through for Tokyo's chip-equipment names by Wednesday morning, depending on whether AMD's numbers confirm Microsoft's Azure results as a second data point that AI infrastructure demand is still accelerating.

Ariana Grande paused her Chicago tour stop to address her planned break from the public eye directly, telling the crowd "nothing has been ruined" and that the decision was made in advance rather than in response to recent scrutiny, according to Billboard and Variety. "Boundaries, they need to be set," she told the audience, framing the pause as a deliberate choice rather than a retreat.

TOHO Cinemas' Oi-machi location in Tokyo issued a public apology after its air conditioning broke down during a screening in the middle of Japan's ongoing heatwave, prompting an emergency repair, according to Livedoor News. Patrons described the theater as unbearably hot before staff scrambled to fix the system — a small but very of-the-summer glimpse into just how relentless this year's heat has been.

BLACKPINK's Jennie said she'd love to eventually build ventures beyond music the way Rihanna has, in a new interview making the rounds this week, according to Billboard — a window into how K-pop's biggest stars are already thinking about their next act.

Actress Samantha Morton said working with Christopher Nolan on "The Odyssey" gave her hope she could keep working in an industry that too often sidelines women past a certain age, according to Business Insider — a personal footnote to a film that's already reshaping this summer's box office.

Cardi B and Megan Thee Stallion marked the RIAA's Diamond certification for "WAP" — 10 million units sold or streamed — with both artists calling out the milestone on social media, according to Billboard. Six years after its release, the song remains one of the defining hits of its era.

HOSHINOYA Nara Prison opened its doors this summer inside the country's last intact Meiji-era prison, a red-brick building completed in 1908 that later served as a juvenile detention facility before closing in 2017, according to Forbes. Hoshino Resorts spent roughly seven years restoring four of the original five cell wings into 48 guest suites, deliberately keeping the exposed brick, arched ceilings and high, narrow windows rather than softening them — leaning into the building's severity instead of disguising it. It's one of Japan's most unusual hotel openings in years: a nationally designated cultural property, once built to confine people, now selling out as a destination people pay to check into.