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Finance News — Page 163
Albertsons Stock Plunges 15% on Slashed Outlook
Albertsons shares fell nearly 15% after the grocer cut its full-year profit and sales outlook, with CEO Susan Morris blaming softer demand and a more cautious consumer in core grocery.
ECB Holds at 2.25% as September Hike Gets Priced In
The ECB held its main rate at 2.25% on Thursday but warned that renewed Middle East hostilities and rising oil prices risk keeping eurozone inflation above its 2% target well into 2027, with traders n
ECB Holds at 2.25%, Traders Bet on September Hike
The ECB held its main rate at 2.25% but traders are pricing in a September hike as Christine Lagarde warned Middle East-driven oil price spikes could reignite eurozone inflation.
BitMEX Token Crashes 90% as Exchange Shutters
BitMEX is shutting down after its Bitcoin futures market share collapsed to roughly 0.08%, triggering a 90% crash in its native token.
ECB Holds Rates at 2.25%, Warns of Energy Shock
The ECB unanimously held rates at 2.25% but flagged a possible hike, as Christine Lagarde warned that a renewed oil shock — Brent hitting $100 on Houthi Red Sea attacks and a collapsed US-Iran ceasefi
American Airlines slashes 2026 earnings outlook on fuel
American Airlines deepened its 2026 earnings guidance cut, widening the projected range to a loss of 65 cents to a profit of 65 cents per share as volatile fuel prices outpace fare increases, even as
Bitcoin stalls between $64K and $66.8K as volatility rises
Bitcoin consolidates between $64,000 and $66,800 after a 13% July rebound, as macro markets offer no clear direction and traders await a fresh catalyst for the next move.
American Airlines Cuts 2026 Outlook on Fuel Costs
American Airlines cut its 2026 earnings outlook, blaming a spike in jet fuel costs, even as the carrier reported its highest quarterly revenue in company history.
Stocks Near Highs Amid Chaos: Moody's Explains Why
Stocks are near record highs despite global turmoil, as investors adapt to a new economic era marked by higher inflation, geopolitical risk, and shifting sector performance, according to a Moody's ana
Alphabet Q2: $9.11 EPS, $199.8B Revenue Top Estimates
Alphabet posted Q2 adjusted earnings of $9.11 per share and $199.8 billion in revenue, both far above Wall Street expectations, and Google Cloud revenue grew 82% year-over-year, but the stock barely m
Intel Posts 25% Revenue Jump as Bitcoin Drops on Iran War
Intel's Q2 revenue jumped 25% to $16.1 billion — its fastest quarterly growth in over 15 years — powered by a 59% surge in its Data Center and AI unit, lifting after-hours shares about 8% and easing l
US Futures Slip as Big Tech Capex, Soaring Oil Rattle Markets
US stock futures declined Thursday as investors weighed ballooning AI capital expenditure from Alphabet and Tesla alongside oil prices surging toward $100 amid widening US-Iran conflict in the Middle
BitMEX, the exchange that invented perps, is shutting down
BitMEX, the crypto derivatives exchange that pioneered the 100x leverage perpetual swap in 2014, will cease operations on Sept. 23, 2026, urging users to withdraw funds before automatic maintenance fe
BitMEX Shutting Down After 11 Years in Crypto
Crypto derivatives exchange BitMEX is shutting down after 11 years, prompting warnings about phishing scams and a transition that follows the departure of its CEO, CFO, and chief growth officer.
Sygnum Europe Gains MiCA License for Crypto Services
Sygnum Europe secured a license just before MiCA's transitional period ended July 1, enabling the firm to offer regulated crypto services to banks under Europe's new crypto framework.
UK Short Positions Surge Fivefold Under PM Burnham
Hedge funds have quintupled disclosed short positions in UK equities in early 2026, betting that new Prime Minister Andy Burnham's domestic policy blitz will create winners and losers across utilities
Alphabet Q2 Revenue $119.8B, Capex Surge Spooks Market
Alphabet reported record Q2 2026 revenue of $119.8 billion, driven by AI-powered cloud growth and advertising, but its stock fell due to a planned 2026 capex surge and negative free cash flow.
Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38%
Bitcoin slipped to about $65,500 as WTI crude surged to $88.60, U.S. Treasury yields jumped to multi-month highs, and Senate Democrats criticized the latest Clarity Act draft, sending its Polymarket p
ServiceNow Beats Q2, Lifts cRPO Outlook
ServiceNow beat Q2 earnings estimates and raised its cRPO outlook, sending shares up 4.6% after hours after closing down 6.5% during the regular session, as investors weighed AI disruption risks again
Tesla Q2 Profits Miss, Cash Flow Goes Negative
Tesla reported Q2 adjusted net income of $1.2 billion, down 17% year-over-year and well below analyst expectations, as discounts thinned margins and a surge in AI-related capital spending pushed free
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