BlockBeats news: On August 3, here is a summary of key market news ahead of U.S. stock market opening:
1. Iranian Foreign Ministry spokesperson Baghaei stated that there are currently no talks with the United States, and discussions are ongoing with Oman regarding the Strait of Hormuz.
2. Federal Reserve President Williams stated that he remains optimistic that inflationary pressures will gradually ease, but if this does not happen, the Fed will not hesitate to raise interest rates to ensure price pressures return to target levels.
3. SpaceX dropped below $106 in pre-market trading, hitting a new all-time low.
4. Samsung Electronics' foundry business is expected to achieve 100% capacity utilization by the second half of this year. Currently, the utilization rate for this business is estimated to be between 70% and 80%.
5. Eli Lilly (LLY.N): Pancreatic cancer therapy receives Breakthrough Therapy designation.
On Monday, Italy's Prysmian Group issued a statement saying it is in advanced negotiations to acquire U.S. electrical manufacturing company Atkore.
7. Apple (AAPL.O) is limiting the number of security vulnerabilities external researchers can submit at once, after a surge in AI-generated reports overwhelmed its review process.
8. Alibaba (BABA.N) pre-market shares rise nearly 4% after the company unveiled Qwen3.8-Max from its Qwen series.
9. Gurman posted that the iPhone is expected to increase in price by $100 to $200. Regarding a foldable iPhone, he stated its starting price will be at least $2,000, or even higher.
10. Claudia Sam, the proponent of the Sam Rule, stated that if the Federal Reserve continues to ignore grassroots economic signals over the long term, it may misjudge economic conditions due to distorted macroeconomic data. Although grassroots economic pressures are intensifying, some companies are proactively raising wages in response to rising living costs for employees, potentially reigniting inflation risks. She believes that, as a data-driven institution, the Federal Reserve should not rely solely on macroeconomic statistics but must also pay attention to the real experiences of ordinary households regarding prices and employment—otherwise, it may miss critical signals of economic change.