Sales

• The Trump administration revoked a sanctions waiver for Iran’s oil industry on Tuesday, reversing a key concession from a temporary cease-fire agreement reached last month. • The waiver had previously allowed Iran to resume global oil sales as an incentive to ensure the success of a nuclear development accord. • This move signals a shift back to aggressive economic pressure to limit Iran's ability to fund its nuclear program.

• Eurozone retail sales grew by an annualized rate of 1.6% in May, surpassing market expectations. • Jack Allen-Reynolds, Deputy Chief Eurozone Economist at Capital Economics, noted that this growth suggests the surge in energy prices will have a minimal impact on overall GDP. • The data is significant as it indicates resilient consumer spending despite economic pressures and fluctuating energy costs.

• Samsung reported a massive 1,800% surge in profits, driven primarily by the soaring demand for AI chips. • Despite the growth, the company's shares fell sharply on Tuesday because investor expectations for the performance were even higher. • This growth aligns with South Korea's June announcement of at least $880 billion in investments for chip manufacturing projects led by Samsung and SK Hynix.

• Samsung is projected to achieve a record-high operating profit in the second quarter, fueled by surging demand for AI infrastructure and memory chips. • To sustain this growth, Samsung and SK Hynix have pledged a combined investment of 3,200 trillion won ($2.07 trillion) to expand chip production capacity in South Korea. • Samsung plans to execute its portion of this investment between 2026 and 2040, though SK Hynix has not yet provided a specific timeframe.

• Salesforce stock declined 1.12% this week, closing at $163.93 as bearish momentum continues to dominate the price action. • Despite strong fundamentals, including $11.13 billion in revenue (up 13.3% year-over-year) and earnings per share of $3.88, technical indicators remain weak. • The stock is currently trading below key moving averages, signaling a lack of bullish reversal and suggesting that sellers maintain control.

• Tesla experienced a 25% surge in sales during the second quarter, driven primarily by a recovery in the European market. • The growth was fueled by strategic price cuts, which helped offset declining sales figures within the United States. • While Tesla did not provide a specific regional sales breakdown, the company is expanding its factory outside Berlin to meet rising demand.

• Aligned has raised $60 million in a Series B funding round led by PeakSpan Capital, with participation from Hetz Ventures, JAL Ventures, and NFX. • This latest investment brings the company's total funding to date to $73.8 million. • The funds will be used to develop an AI-native collaborative dealmaking platform designed to streamline and organize the often chaotic process of B2B enterprise sales execution.

• India's foreign exchange reserves have increased to $672.6 billion, while bank credit has seen a growth of 17.7%, according to data from CareEdge Moneycast. • The report highlights a strong financial position for the country's reserves and a significant expansion in banking sector lending. • In a separate regulatory update, various government offices, stock exchanges, and IFSC units must meet reporting obligations by July 15, 2026.