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Finance News — Page 148
Bank holds interest rates but says it is ready to raise them if Iran war escalates
The Bank of England held rates at 3.75% for a fifth straight meeting but warned hikes are likely if the Iran war keeps oil above $100 a barrel, with three of nine MPC members already voting to raise.
Warsh's Fed Credibility Tested as Bond Market Sours
Fed Chairman Kevin Warsh's credibility took a hit after the FOMC held rates steady 9-3, prompting a bond market selloff and doubts about his commitment to fighting inflation.
Carvana Stock Falls Despite Record Profit
Carvana posted record quarterly profit fueled by a hot used car market, but the retailer's 2026 earnings guidance missed Wall Street estimates, sending shares lower.
Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion - WSJ
Microsoft's quarterly profit surged 31% as Azure cloud revenue crossed $100 billion, driving a 7% stock rally and an expansion of the company's capital spending plans to meet demand.
Meta Stock Tumbles 10% After Q2 EPS Miss
Meta's stock dropped nearly 10% in after-hours trading after the company's Q2 earnings fell short of Wall Street EPS estimates, despite advertising revenue beating expectations.
Fed Holds Rates, Three Dissent as Yields Spike
The Federal Reserve held its key interest rate unchanged for a seventh straight month on July 29, 2026, but three officials dissented in favor of a hike — rattling Wall Street into its worst session s
Robinhood Posts Best Quarter Ever as Prediction Market and Robinhood Chain Take Off
Robinhood posted record Q2 revenue of $1.31 billion, up 32% year-over-year and ahead of Wall Street's $1.26 billion estimate, as prediction market contracts surged more than 10x to $156 million while
Carvana stock falls 20% as 2026 guidance trails forecasts
Carvana shares plunged more than 20% in after-hours trading after the used-car retailer issued 2026 full-year adjusted earnings guidance of $2.7B-$3B, below analyst forecasts, despite topping Q2 reven
Fed Holds Rates at 3.5%-3.75% as Three Dissent for Hike
The Federal Reserve held rates at 3.5%–3.75% for the fifth straight 2026 meeting, with three regional Fed presidents dissenting in favor of a quarter-point hike as Chair Kevin Warsh reaffirmed a hard
Meta Stock Tumbles on Q2 Earnings Miss, AI Costs
Meta's stock tumbled after the company posted mixed Q2 results and missed earnings forecasts, as massive spending on AI infrastructure wiped out free cash flow, according to coverage across multiple o
Robinhood slides 4% as crypto revenue drops 38%
Robinhood beat Q2 expectations with record $1.31B revenue but shares fell 4% in after-hours trading as crypto revenue plunged 38% year-over-year, overshadowing gains in options and equities.
Crypto Consolidation 'Extremely Bullish': ARK's Valente
ARK analyst Lorenzo Valente declared crypto is entering its largest-ever consolidation phase, forecasting accelerated mergers, bankruptcies, and shutdowns even as major exchanges BitMEX and BitMart wi
'No magic wand' to tackle high prices, Fed boss says as US interest rates held
Fed Chair Kevin Warsh warned there is "no magic wand" to lower living costs after the central bank held rates at 3.5%-3.75% for a fifth straight meeting, as the Middle East conflict drove Brent crude
Carvana stock plunges 20% on weak 2026 guidance
Carvana's stock plunged more than 20% in after-hours trading after the online auto retailer issued 2026 earnings guidance that fell short of even the most conservative Wall Street forecasts.
Carvana drops 20% as 2026 guidance misses estimates
Carvana posted record second-quarter profits but guided for full-year earnings well below Wall Street forecasts, sending shares tumbling more than 20% in after-hours trading.
Dow Drops 1,100 on Fed Dissent, Oil Jumps on Iran Attack
US stocks plunged as the Federal Reserve held rates steady amid rising inflation concerns, while oil prices surged on renewed Middle East tensions and chip stocks sold off ahead of major tech earnings
Micron Drops 40%, Exits Trillion-Dollar Club
A Seeking Alpha analyst frames Micron Technology's roughly 40% stock plunge — which ejected it from the trillion-dollar market-cap club — as a buying opportunity, citing a 4.77x EBITDA valuation disco
Micron Breaks Key Support as Analysts Split
Micron stock broke below a key technical support level amid sharply split analyst coverage, with some outlets warning of further downside while Seeking Alpha issued a contrarian buy upgrade on the sel
Meta Shares Drop on Weak Forecast, Heavy AI Spending
Meta's shares plunged after reporting a quarterly earnings miss and issuing a weaker-than-expected revenue forecast, while maintaining massive AI-driven capital spending.
Meta Q2 beat seen; capex could hit $150B
Meta heads into its Q2 earnings with Bank of America projecting a revenue and EPS beat, even as analysts expect the company to raise its 2026 capex outlook to as high as $150 billion amid investor scr
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