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Jul 24 — Markets fall, Iran risk climbs, megacap earnings…

• Alphabet swung to negative free cash flow after ten positive billion the prior quarter, even as it committed up to $205B in capex — the reversal dragged the stock and pulled the Nasdaq down over 2%. • Trump threatened to hold Iran accountable for further Houthi attacks as Brent crude crossed $100 a barrel, while US officials confirmed Iran-linked hackers hit American water and energy infrastructure — raising the odds of… • The Senate released a 600-page Clarity Act draft covering digital asset rules, crypto ETFs drew $750M in net inflows over five days, and AFX Trade lost roughly $24M to a…

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