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Apple, Amazon Options Diverge Ahead of Earnings
Apple and Amazon each report after Thursday's close with the market watching to see if big-tech earnings continue to split in opposite directions, as options flows currently point bearish on Apple and
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
U.S. GDP grew just 1.5% in Q2, undershooting the 1.8% consensus, while June core PCE inflation held at 3.3% — well above the Fed's 2% target and complicating the central bank's path after it held rate
Meta Q2 Revenue Up 28% to $60.8B; META Drops 9%
Meta posted Q2 2026 revenue up 28% YoY to $60.8B but net income fell 14% and its Q3 forecast came in below estimates, sending META shares down 9% as investors pressed Zuckerberg on the payoff from a m
Upbit Trading Surges 600% as KOSPI Falls 18%
South Korean crypto trading volumes on Upbit surged roughly 600% as the KOSPI plunged nearly 18% this week, with analysts suggesting investors may be routing funds to overseas exchanges to trade perpe
PCE Gauge Falls 0.1% in June, First Drop Since 2020
The Fed's preferred PCE inflation gauge fell 0.1% in June — its first monthly decline since the pandemic — driven largely by lower oil prices following a temporary truce with Iran.
Meta Stock Drops 9% as Free Cash Flow Craters 91%
Meta's massive AI infrastructure push crushed free cash flow by 91% to just $784 million in Q2, sending shares down 9% premarket as investors questioned Zuckerberg's pitch to monetize compute capacity
Bond Selloff Sends Borrowing Costs to Two-Decade High
A bond selloff extended to push U.S. government borrowing costs to a two-decade high as Barron's warned the Fed faces a credibility crisis that 'the stock market will pay the price' for.
U.S. economic growth slows to 1.5% in second quarter as inflation exceeds Fed target
U.S. GDP grew at a sluggish 1.5% annualized pace in Q2 2026 as a surge in imports — much of it tied to AI investment — dragged down the headline number, while consumer spending accelerated and the Fed
U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
The U.S. economy grew 1.5% in Q2 as surging imports dragged on headline GDP, while consumer spending and AI investment stayed robust and the Fed's preferred inflation gauge remained stuck above its 2%
Meta Drops 9% After Q2 EPS Miss
Meta's stock plunged as much as 9% on Thursday after the company reported a Q2 earnings miss and raised its 2026 capital expenditure guidance to $135–$145 billion, with analysts calling results 'barel
Microsoft Stock Jumps 15% as Azure Tops $100B
Microsoft shares surged more than 15% Thursday after the company beat Q4 expectations and reported Azure revenue above $100 billion for the first time, with quarterly capital expenditures coming in be
Futures Rise on Cooler Inflation, Slower Growth
U.S. stock index futures climbed Thursday morning as traders weighed economic data showing slightly cooler core inflation alongside slower growth, with Nasdaq 100 futures leading the advance.
ICE Buys MarketAxess for $6B at 33% Premium
Intercontinental Exchange, the parent of the New York Stock Exchange, agreed to acquire bond-trading platform MarketAxess Holdings for approximately $6 billion in cash at a 33% per-share premium.
Ex-OpenAI researcher's fund seeks capital after AI rout
Situational Awareness, the hedge fund founded by ex-OpenAI researcher Leopold Aschenbrenner, is raising capital after leverage-amplified losses during July's AI stock sell-off hit its portfolio of Bit
Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk - cnbc.com
The Bank of England held its benchmark interest rate at 3.75%, with policymakers warning of upside inflation risks while traders pared back bets on future rate hikes through 2027.
Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise
Bitcoin held near $63,915 on Thursday after a turbulent Wednesday session that saw the Fed deliver a hawkish split decision, Iran launch ballistic missiles at U.S. troops, and oil surge 8%, yet crypto
Luno Cuts 20% of Staff as Automation Reshapes Exchange
Crypto exchange Luno is laying off roughly 20% of its global workforce, the company's second major cut in three and a half years, as CEO James Lanigan says automation investments and weak retail tradi
Korean Stocks Shed $2 Trillion as SK Hynix Disappoints
South Korean stocks have now fallen for three straight days, with a record $2 trillion rout blamed on disappointing SK Hynix results and new regulatory curbs that global investors are refusing to buy
The market is overreacting to Meta's earnings and guidance. Here's our plan
Meta shares fell more than 11% in extended trading after Q2 adjusted EPS missed consensus, dragged down by $3.58B in one-time legal and severance charges, though the analyst argues the underlying busi
Robinhood posts record quarter as crypto revenue slides 38%
Robinhood reported record second-quarter revenue of $1.31 billion and net income of $573 million, even as cryptocurrency transaction revenue fell 38% year-over-year to $100 million.
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