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Finance News — Page 153
Meta likely to highlight smart glasses, avoid social media policy on upcoming earnings call, Kalshi traders say
Kalshi prediction market traders are betting Meta's Wednesday earnings call will emphasize cloud computing (90% odds) and Ray-Ban smart glasses (74%), while skipping social media policy debates and ev
Apple Hits $5T by Sidestepping AI Spending Race
Apple became only the second company ever to hit a $5 trillion market cap on Tuesday, reaching $5.04tn as investors fled AI and semiconductor stocks amid fears about AI infrastructure spending and ris
UPS expects third-quarter domestic revenue to be flat but CEO tells CNBC the company is through its 'bumps'
UPS beat Q2 estimates and raised its full-year 2026 outlook, but warned of flat domestic revenue in the third quarter and saw shares drop roughly 4%. CEO Carol Tomé declared the delivery giant 'throug
Bitcoin Drops Below $63K as Asia Chip Crash Hits Wall Street
Bitcoin dropped below $63,000 at Wall Street's open as a semiconductor-led sell-off originating in Asia spread to US tech stocks, with South Korea's KOSPI closing down 10.8% and crypto long liquidatio
Why the Bitcoin Rally Seems More Like a Bull Trap
Bitcoin's push to $66,921 collapsed back to $63,422 amid a broader risk-off selloff sparked by South Korea's KOSPI circuit breaker and uncertainty ahead of Fed Chair Kevin Warsh's FOMC decision, with
Chip Stocks Sink as Market Barely Moves
Chip stocks plunged sharply while the broader market barely reacted, with Micron and SK Hynix hit hardest as the AI chip sell-off deepened on circular funding and China competition fears.
Ford Q2 Earnings Due Tuesday; Jefferies Calls It a Trough
Ford Motor is set to report second-quarter results after Tuesday's close, with analysts forecasting $45.86 billion in automotive revenue and 35 cents in adjusted EPS — both down from a year ago.
The future of Wall Street is here as startups and brokers build AI agents to trade 24/7
Brokerages and startups are building AI agents designed to autonomously manage investment portfolios around the clock, with one analyst projecting a tenfold surge in transaction volumes as retail inve
Fed's Warsh Faces Pressure to Act on Stubborn Inflation
Federal Reserve Chair Kevin Warsh faces mounting pressure to follow through on his hawkish inflation rhetoric with an actual rate hike, as the Iran war, AI investment, and tariffs push prices higher.
PayPal Beats Q2 Estimates, Lifts Full-Year Guidance
PayPal topped Wall Street's Q2 expectations and raised its full-year earnings guidance, reinforcing CEO Enrique Lores's early turnaround narrative just months into his tenure.
Apple Briefly Hits $5T Market Cap, Tops Nvidia
Apple briefly touched a $5 trillion market capitalization, becoming only the second company in history to reach that threshold and ending the day as the world's most valuable company by overtaking Nvi
Tech Stocks Tumble on Worries About A.I. Spending and China’s Chip Competition
South Korea triggered a temporary trading halt on Tuesday as its benchmark stock index plunged nearly 11%, leading regional losses, while the Nasdaq Composite dropped over 1% at the US open.
Chip Rout Deepens: Micron Drops 9%, Samsung 13%
Semiconductor stocks plunged over 5% on Tuesday as the AI chip sell-off deepened, with Micron down 9%, SK Hynix off 7%, and Samsung Electronics falling 13% amid circular financing fears and CXMT's blo
Boeing posts wider loss than expected as Air Force One costs weigh on results
Boeing reported a wider-than-expected Q2 loss after taking a $280 million charge on its delayed Air Force One program, though revenue edged past Wall Street estimates and free cash flow surged.
Nasdaq 100 Heads for Correction as AI Worries Hit
The Nasdaq 100 is heading for correction territory as AI worries rattle investors, according to Bloomberg's headline coverage.
Apple Hits $5T Market Cap, Passes Nvidia
Apple became the second company ever to surpass a $5 trillion market capitalization, reclaiming the title of world's most valuable company from chipmaker Nvidia.
Yen Tests 40-Year Lows as BoJ Meeting Looms
The Japanese yen is approaching fresh 40-year lows against the US dollar ahead of the Bank of Japan's July 31 rate decision, reviving fears of a yen carry-trade unwind that hammered crypto markets in
PayPal expands stablecoin push as crypto assets factor into Q2 results
PayPal beat Q2 revenue expectations but missed on EPS, while outlining an expanded push into stablecoins, agentic payments and AI-driven tools as an $81 million crypto-related adjustment flowed throug
UPS Beats Q2 Estimates, Lifts Guidance; Shares Fall 8%
UPS posted Q2 2026 revenue of $22.8 billion and adjusted EPS of $1.76, beating Wall Street estimates and prompting a raise to full-year guidance — yet shares dropped roughly 8% as investors weighed so
Nasdaq Drops 1.2% as AI Chip Selloff Deepens
The Nasdaq fell 1.16% on Tuesday as AI chip stocks sold off amid investor concerns about runaway hyperscaler spending and rising Chinese competition, ahead of pivotal earnings from Amazon, Meta, Apple
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