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Finance News — Page 54
Trump's 'Rocket Fuel' Rate Cut Push Stalls
President Trump has publicly pushed for Federal Reserve interest rate cuts as "rocket fuel" for the economy, but multiple outlets report he is losing that fight so far and has escalated his criticism
Amazon Gets $600M Tariff Refund, Shares With Customers
Amazon disclosed it received $600 million in refunds from Trump-era tariffs that the Supreme Court had ruled illegal, and the company says it will return some of those funds to customers.
Canada’s economy grew 0.3% in May, coming in above expectations
Canada's economy grew 0.3% in May — above forecasts and pointing to annualized Q2 growth above 3% — though looming 50% U.S. tariffs set for Aug. 19 and the collapse of USMCA extension risk undercuttin
Why the Fed’s fading clarity offers new opportunities for investors
The Fed held rates steady with three dissenters for a hike, but Chair Kevin Warsh's unusually terse press conference left markets guessing — and some investors see that opacity as an opening for activ
Amazon Completes $50B OpenAI Investment, Takes ~5% Stake
Amazon has finalized its $50 billion investment in OpenAI, with the AI lab receiving the final tranche this week and the e-commerce giant securing roughly a 5% equity stake.
Stocks Rally As Apple Slumps; Jobs Data, AMD Earnings Loom
The stock market reversed solidly higher for the week even as Apple crumbled, with investors looking ahead to the jobs report and earnings from AMD, SpaceX, Sandisk, and Eli Lilly.
Amazon Stock Soars 15% as AWS Posts $42.2B Quarter
Amazon stock jumped 15% on Friday after a Q2 earnings beat, with AWS posting $42.2 billion in revenue and the company's AI and custom chip businesses each surpassing a $25 billion annualized run rate,
Amazon Stock Jumps 15% as AWS Revenue Surges 36.7%
Amazon shares surged 15% after a blockbuster Q2 in which AWS delivered $42.2 billion in revenue, up 36.7% year-over-year, and Amazon raised its AI infrastructure spending outlook to roughly $220 billi
Apple Stock Drops 7% as Cook Warns of Memory Shortage
Apple stock plunged 7% after Q3 results showed shortfalls in Greater China and Services revenue, with CEO Tim Cook warning that escalating memory chip costs tied to the AI infrastructure buildout will
Musk Cools Tesla-SpaceX Merger Talk as SpaceX Hits Low
Elon Musk distanced himself from Tesla-SpaceX merger speculation as SpaceX stock plunged to a record low, while a separate report suggested Tesla may abandon its largest car plant to pursue an all-AI
Apple Stock Slides ~10% as Cook Warns of Memory Costs
Apple's stock plunged nearly 10% on Friday after CEO Tim Cook warned during the Q3 earnings call that surging memory chip costs would keep squeezing margins, despite Apple beating revenue and EPS esti
Index Ventures Raises $2B Across Three Funds
Index Ventures has closed $2 billion in new capital spread across three distinct vehicles: a $900M venture fund, $400M for seed-stage investing, and a $700M addition to its 2024 $1.5B growth fund, wit
S&P 500 Stuck at 7,500 as Correlation Index Surges
The S&P 500 is pinned at the 7,500 level as options traders buy dips and sell rallies, while a surging Cboe correlation index suggests the market is getting more balanced — though prior bottoms saw co
Palantir Earnings Loom Amid Hedge Fund Shift and Volatility Play
Palantir is approaching its Q2 earnings report amid rising institutional interest and high expected volatility, drawing options traders and hedge fund activity ahead of the release.
Amazon Beats Q2, Lifts 2026 Capex to $220B
Amazon's Q2 2026 earnings crushed Wall Street estimates, with AWS posting its fastest growth in 18 quarters, as CEO Andy Jassy raised full-year capex guidance to $220 billion and declared the company
Apple Drops 9% on Weak Guidance, Downgrade
Apple shares plunged roughly 9% on Friday after the company's fourth-quarter revenue guidance came in below analyst expectations, prompting GF Securities analyst Jeff Pu to downgrade the stock to Hold
Japan's Yen Intervention Hammers Treasuries
Japan intervened to stabilize the yen in a move joined by the US, sending shockwaves through Treasury markets on July 31, 2026.
Japan's ¥8.45T Yen: Biggest Single-Day Intervention
Japan likely deployed a record ¥8.45 trillion ($52.8 billion) intervening in currency markets on Thursday to support the yen, per Bloomberg's analysis of Bank of Japan accounts.
Coldcard Flaw Drains $38M in Bitcoin; Coinkite Says AI Found Bug
A firmware build error in Coinkite's Coldcard hardware wallets let an attacker drain roughly $38 million in Bitcoin from about 500 wallets in 25 minutes, exploiting seeds generated since a March 2021
Apple Shares Drop 7% as Cook Warns of Supply Constraints
Apple shares tumbled more than 7% after-hours despite a strong earnings beat, as CEO Tim Cook warned that supply constraints — driven by surging iPhone and Mac demand — would spread from Macs to iPhon
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