Philippine President Marcos signs the Sovereign Wealth Fund Bill into law.

Japanese Foreign Ministry: Senior officials from the United States, Japan and South Korea will meet in Japan on Thursday.

Hong Kong Observatory: All tropical cyclone warning signals were canceled at 8:40 am.

Zuckerberg, CEO of Meta Platforms: Tens of millions of users return to Threads every day.

National Hurricane Center: Tropical Storm Calvin is moving rapidly westward.

Head of foreign exchange at Barclays: The recent decline in the dollar looks overdone, and weak global growth may limit further declines in the dollar.

Market news: Coinbase CEO Brian Armstrong plans to meet with House Democrats.

According to the Saudi National News Agency: Saudi Arabia and Turkey have signed a number of memorandums of understanding covering various fields such as energy, direct investment and defense industry.

Preliminary data from the Texas Electric Reliability Commission showed that electricity consumption in Texas hit a record high again during the heat wave.

The Hong Kong Monetary Authority (HKMA) provided 3.89 billion Hong Kong dollars in loans to the banking industry through the discount window, exceeding the level of 3.77 billion Hong Kong dollars on May 29 and the largest since January 2021.

Cryptocurrency exchange Coinbase: The performance of quick transactions has decreased, and a fix is in progress.

According to Russian news agencies: Part of the road traffic on the Crimea bridge has resumed.

Market news: Jim Jordan, chairman of the Judiciary Committee of the US House of Representatives, has asked Meta to submit documents related to Threads content review.

According to CNBC: Stu Alderoty, the general counsel of cryptocurrency company Ripple, said that after the judge ruled that the company won part of the lawsuit with the US Securities and Exchange Commission, Ripple believes that banks in the United States will begin to want to use Ripple for cross-border transactions.

BlackRock named Aramco CEO Amin Nasser to its board.

[Citigroup strategist: Traders are preparing for a soft landing in the U.S. economy] Citigroup strategists said investors raised their bullish bets on U.S. stocks given the plethora of positive U.S. economic data released last week. Favorable data on the U.S. economy over the past week triggered an increase in new long positions in the S&P 500 after a thin start to July, a team led by Chris Montagu said in a note to clients on Monday. "Investors appear to be preparing for a soft landing for the U.S. economy, as evidenced by the reaction to recent economic data," Montagu and team wrote.

Cathie Wood, founder of Ark Fund: People know that Threads is not Twitter.

Cathie Wood, founder of Ark Fund: The United States will reach 2% inflation faster than expected; the cost of artificial intelligence training will drop by 70% every year.

According to The Information: SpaceX predicts revenue will double to $8 billion in 2023.

Market news: A small plane crashed into a hangar near Warsaw, Poland, killing 5 people and injuring 5 others.