Economy
BNY to move fund records onchain in Wall Street shift
The 242-year-old custodian will support tokenized funds while keeping traditional operations active.
American Tower Raises 2026 Outlook After Q2 Earnings Beat
Strong property revenue and data center leasing drive AFFO growth despite high interest rates and carrier churn.
SanDisk, Micron slide as Chinese rival CXMT surges
Memory stocks face pressure after ChangXin Memory Technologies' record IPO and shifting market dynamics.
BIS warns AI boom risks monetary policy errors
Central banks face difficulty interpreting economic signals as artificial intelligence simultaneously affects supply and demand.
China factory activity contracts in July, missing forecasts
Official PMI falls to 49.2, ending four months of expansion as export momentum fades and policymakers pledge new support measures.
Paramount-Warner merger delayed to 2027 amid state antitrust suit
A coalition of 12 US states secured a temporary pause on the $110 billion deal, pushing the potential closing date years into the future.
Japan Cuts 2026 Growth Forecast to 0.9%
The Cabinet Office lowered its outlook as Middle East tensions influence oil prices, setting a goal for a primary budget surplus in 2027.
Apple beats Q3 estimates as Amazon posts record AWS growth
Tech giants report strong quarterly results, though Apple shares dip in after-hours trading amid mixed product performance.
Apple reports $109.4B revenue for fiscal Q3 2026
Tech giant posts strongest June quarter ever with 16% year-over-year growth driven by iPhone and Mac sales.
Reddit Q2 revenue jumps 61% to $805 million
Company forecasts third-quarter sales above analyst expectations despite post-earnings stock decline.
ASML stock slides on earnings and China competition fears
Shares drop as investors weigh geopolitical risks and new domestic Chinese lithography capabilities against long-term growth plans.
Fed holds rates steady at 3.5-3.75% with dissent
Three policymakers voted for a hike as Chairman Warsh continues his shift toward shorter, simpler policy statements.
Fed Holds Rates Steady Amid Internal Debate Over Inflation Path
Chair Warsh rejects 'pause' label, with three officials dissenting in favor of a hike.
Coca-Cola beats Q2 forecasts; shares hit record high
Strong volume growth and Fairlife resilience offset a ransomware disruption, widening the performance gap with rival PepsiCo.
Bitcoin hits 10-day low as tech sell-off spreads
Semiconductor losses in Asia and Fed uncertainty drive crypto markets lower amid rising rate hike expectations.
Fed Holds Rates Steady as Markets See 70% Chance of September Hike
Three policymakers dissented in favor of a 25-basis-point increase while swap markets signal rising expectations for tighter monetary policy.
SK Hynix Miss Fuels Second Day of Korean Stock Selloff
Chipmaker's results disappoint as retail investors reduce holdings and market observers cite leverage concerns.
Microsoft Shares Surge, Adding Hundreds of Billions in Value
Strong cloud and AI earnings drive a historic one-day market value increase, surpassing Nvidia's previous record.
Corning shares slide as Q3 guidance trails Wall Street estimates
Second-quarter earnings and sales beat expectations, but forward-looking targets for the third quarter fell short of analyst forecasts.
GSK invests £400 million in new Cambridge R&D centre
The pharmaceutical giant plans to close its Stevenage site as part of a restructuring to boost its drug pipeline.
CBRE raises 2026 earnings guidance after strong Q2 revenue
Commercial real estate firm reports 16% revenue growth and increased outlook, driven by infrastructure and transactional segments.
SK Hynix perpetual on Hyperliquid crashes to $900
Trade.xyz promises reimbursement after oracle error triggers $57.4 million in liquidations amid broader market volatility.
SK Hynix, Samsung surge as US tech gains lift Asian markets
South Korea's KOSPI index rises over 16% following strong results from Microsoft and Amazon.
Fanatics to buy BGC assets for prediction market exchange
Deal gives sports platform access to federally regulated clearinghouse amid rapid sector growth.
Ford raises 2026 outlook as Q2 earnings beat estimates
Automaker posts $1.3 billion net loss driven by EV restructuring charges but lifts guidance on strong truck sales and cost controls.
Bitcoin breaks resistance as analysts debate bearish signals
Price action nears key levels while technical indicators show conflicting trends for the cryptocurrency.
Coinbase reports third straight quarterly loss amid trading slowdown
The exchange missed revenue forecasts as transaction volumes dropped, though it highlighted growth in stablecoin and prediction market revenues.
Amazon AWS revenue jumps 37%, beating estimates
Cloud division's rapid growth offsets heavy AI spending as shares rise over 9% in after-hours trading.
Apnimed raises $192 million in upsized US IPO
The Shionogi-backed sleep apnea drug developer priced its shares at $16, the top of its marketed range.
Tesla weighs sale of China business to clear path for SpaceX merger, WSJ reports
The Wall Street Journal reports Tesla is considering a spinoff, sale, or wind-down of its China operations, potentially paving the way for a merger with SpaceX.