Economy
Strategy posts $8.2B Q2 loss on Bitcoin markdown
The corporate Bitcoin holder reports an unrealized loss despite increasing its holdings and expanding its dollar reserves.
US economy grows 1.5% in Q2, missing forecasts
Underlying demand accelerates despite geopolitical headwinds and persistent inflation above the Federal Reserve's target.
Grant Thornton to acquire CBIZ in $5 billion deal
The acquisition would create a combined professional services firm with over $7.5 billion in annual revenue.
S&P 500 Selloff Intensifies as Traders Eye Key 'Risk Pivot' Level
Volatility spikes as the index breaks below key support levels, with analysts split on whether this is a buying opportunity or the start of a deeper correction.
DoorDash to Build Its Own Drones for New Delivery Service
The food delivery giant receives FAA certification and plans to use custom-built drones for mid-range orders.
Robinhood beats Q2 forecasts as prediction markets offset crypto slump
Cryptocurrency transaction revenue fell 38% year over year, but options, equities and event contracts lifted total revenue to a record $1.31 billion.
Bitcoin Traders Brace for Fed Rate Decision and Key Inflation Data
Cryptocurrency markets await the US Federal Reserve's interest rate call and June PCE inflation figures amid low volatility and regulatory developments.
Gold Steadies Near $4,100 as Traders Weigh US-Iran Conflict and Fed Path
Safe-haven demand holds above $4,000 amid airstrikes, ceasefire reports, and rising expectations of a Fed rate hike.
KLA shares dip 9% after Q4 beat despite record revenue and upbeat forecast
The semiconductor equipment maker reported quarterly earnings above estimates and guided above consensus, but investors sought stronger results amid market jitters.
Alphabet's $205B Spending Plan Raises AI Cost Concerns
Capital expenditure more than doubled as the company invests heavily in AI infrastructure, while its stock fell over 6%.
S&P 500, Nasdaq futures fall as chip sell-off deepens; Dow edges up
South Korea's Kospi plunges over 10%, SK Hynix and Samsung tumble, while Nvidia explores $250 billion backstop for OpenAI.
SpaceX Stock Plunges 45% from Peak as Short Sellers Circle
The space company's shares have tumbled below their IPO price amid rising short interest and broader tech sell-offs.
Strategy Extends Bitcoin Buying Pause to Five Weeks, Sells $544.5M in MSTR
The firm holds 843,775 BTC as its USD cash reserve reaches $3.75 billion amid a new capital management framework.
US Mortgage Rates Hit Highest Level in About a Year
The 30-year rate rose to 6.76% for the week ending July 24, driving a drop in mortgage applications.
UPS reports financial results, raises full-year guidance
Package delivery giant reports higher revenue and profit in second quarter
Krones' H1 Order Intake Up 4.5%, Full-Year Targets Confirmed
CEO Thomas Ricker cites global headwinds but says business model supports performance; order backlog reaches €4.3 billion.
Bank of America to Acquire UK Cybersecurity Firm MDSec
The acquisition aims to bolster the bank's cybersecurity capabilities amid rising AI-driven threats.
Gold Slides Below $4,050 as Strong Dollar, Rate Hike Bets Weigh
Bullion faces pressure from a rising US dollar, elevated Treasury yields, and growing expectations of a Federal Reserve rate hike, despite ongoing geopolitical tensions.
Microsoft Set to Report Q4 Earnings as AI Investment Returns Under Scrutiny
Options market signals a potential $190 billion swing in market value as investors demand evidence that massive capital spending is translating into revenue growth.
Google faces wave of private lawsuits after record €890 million EU fine
Rivals seek up to $10 billion in damages as recent court victories and a new antitrust ruling undercut Google’s defenses.
BOJ Set to Hold Rates but Signal Future Hikes as Yen Weakens
Market expects steady policy at July meeting, but focus shifts to hawkish guidance and updated forecasts amid yen at 40-year lows.
Amkor Technology Beats Q2 Estimates but Stock Falls on Weak Guidance
Strong earnings and record revenue were overshadowed by soft Q3 revenue forecast and SiP production shifts.
Rivian cuts 2026 capex, narrows loss guidance as R2 deliveries begin
The electric vehicle maker reported stronger Q2 revenue and gross profit, while reducing capital spending plans by about $250 million.
Tesla Q2 Earnings Miss as Heavy AI Spending Pressures Margins
Record vehicle deliveries and revenue beat estimates, but heavy capital spending on AI and robotics squeezed profits, sending shares sharply lower.
UK's FCA to Publish Daily Stock-Trading Data from Friday
The market regulator aims to increase transparency in UK share trading with daily summaries.
Bitcoin Breaks Above $64,750, Analysts Eye Retest and Upside Targets
The cryptocurrency surged to a two-week high above $65,000 amid strong ETF inflows and bullish technical signals, with key support and resistance levels in focus.
Samsung Q2 operating profit surges 1,814% on AI chip demand
South Korean tech giant posts record quarterly profit as memory chip sales soar, while analysts debate whether earnings beat or met expectations.
Nebius Stock Surges After Nvidia Discloses 9.3% Stake
The AI cloud company, spun off from Yandex, jumped nearly 19% as Nvidia revealed a $5 billion beneficial ownership stake.
CXMT skyrockets 466% on debut, becomes China's most valuable listed company
The memory chipmaker's record IPO stokes hopes and fears for broader semiconductor rally amid retail frenzy and liquidity concerns.
X Money Launches Limited US Rollout to Premium Subscribers
The financial service offers up to 6% APY, a debit card, and peer-to-peer payments, but faces regulatory and competitive hurdles.