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Dow jumps more than 300 points propelled by Amazon as July trading winds down: Live updates - CNBC
The Dow jumped more than 300 points in the final session of July, propelled by Amazon, as the S&P 500 and Nasdaq also rose to cap a volatile month — even though Apple declined.
Fed Dissent: Three Officials Push for Rate Hikes Now
Three Federal Reserve regional bank presidents broke ranks with the FOMC's decision to hold interest rates steady, arguing in separate statements that preemptive hikes are needed to prevent inflation
3 Fed Dissenters Backed Rate Hike as Inflation Nears 4%
Three Federal Reserve members broke ranks at this week's meeting to push for an interest rate increase, warning that inflation near 4% — almost double the Fed's 2% target for over five years — risks b
Coinbase's weak quarter leaves Wall Street split on timing of a recovery
Coinbase's second-quarter earnings missed across nearly every major financial metric due to weak crypto markets, with Wall Street analysts broadly blaming industry conditions rather than execution whi
Big Tech Earnings Propel Stocks as Microsoft Surges 15%
US stock futures climbed Friday as Big Tech's massive AI spending commitments reassured investors, with Microsoft's historic 15% rally leading gains while Apple dropped 7% on weak China revenue.
Consumer IPOs Dry Up as Private Markets Deepen
Jersey Mike's and Reformation debuted on public markets Thursday with tepid results, underscoring a five-year trend of companies staying private longer as secondary markets and family-office capital e
Bitcoin, Ether Drop as Crypto's Best Month in a Year Ends on Low Note
Bitcoin and ether declined at month-end despite a strong July for the broader crypto market, as equities rallied and derivatives data signaled bearish sentiment ahead of August.
Tesla May Sell China Unit to Clear SpaceX Merger Path
Tesla is weighing selling or spinning off its China operations — its second-largest market — to clear the path for a potential SpaceX merger, leveraging a corporate firewall Elon Musk built years ago
Investors Diversify Beyond Mag Seven, Top Picks Named
Janus Henderson's Julian McManus told CNBC investors are increasingly exploring non-U.S. equities as concentration in the Magnificent Seven creates portfolio risk, naming specific favored European, Ja
Musk Calls WSJ Tesla China Sale Report 'Fake News'
Elon Musk publicly denied a WSJ report that Tesla is weighing a sale of its China business to facilitate a potential SpaceX merger, calling the story 'fake news.'
Amazon jumps 12% on AWS growth as Apple drops 7%
Amazon shares jumped 12% as AWS revenue grew 37% — its strongest expansion since 2021 — while Apple dropped 7% on weak guidance, as investors began sorting Big Tech AI winners from laggards based on c
Amazon stock soars after Q2 earnings beat expectations as AI, chip businesses see $25 billion run rate - Yahoo Finance
Amazon's stock surged after Q2 earnings topped expectations, with its AI and chip businesses reaching a $25 billion run rate and AWS cloud posting a 'home run' quarter.
Live updates: Bitcoin slides back below $64,000 as Nasdaq continues rally
Crypto markets sold off while U.S. equity futures extended Thursday's rally ahead of the bell, as Amazon's 11.6% post-earnings surge offset an 8% drop in Apple shares.
Kospi Jumps 18% as SK Hynix, Samsung Surge on AI Earnings
South Korea's Kospi surged nearly 18% on Friday as SK Hynix and Samsung Electronics rebounded 28-30% from a three-day chip rout, fueled by blowout Amazon and Microsoft earnings that revived AI investm
BOJ Holds at 1%, Flags Inflation Above 2%
The Bank of Japan kept its benchmark rate at 1% but warned core inflation will accelerate "clearly above" 2% from September, while Tokyo intervened overnight to lift the yen from around 163 to as high
IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
IBM CEO Arvind Krishna told CNBC investors should expect quantum computing to deliver a measurable hit to IBM's top and bottom line by 2028 or 2029, framing the technology as a trillion-dollar opportu
Tillis, Gallego Send New CLARITY Ethics Plan to White House
Bipartisan senators sent revised ethics provisions to the White House for the CLARITY Act crypto market structure bill, aiming to break a deadlock before the Senate's month-long recess.
US GDP Slows to 1.5% in Q2; Consumer Spending Jumps 3.2%
US economic growth slowed to a 1.5% annualized rate in Q2 2026 — well below the 2.1% economists polled by Reuters had forecast — as a widening trade deficit offset a 3.2% rebound in consumer spending
US economic growth sees surprise slowdown in second quarter
US economic growth unexpectedly slowed to 1.5% in the second quarter as declines in government spending, investment, and exports offset a strong rebound in consumer spending, according to the Commerce
US GDP Slows to 1.5% as Iran War Lifts Gas Prices
U.S. GDP growth slowed to a 1.5% annualized rate in Q2 2026, well below the 2.1% economists expected, with the Commerce Department tying the weakness to the Iran war's disruption of energy markets and
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