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Finance News — Page 59
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
Retailer Reformation opens flat in NYSE debut as CEO says company is 'ready to scale'
Women's clothing retailer Reformation debuted on the NYSE under ticker "REF" with shares essentially flat after pricing its IPO at $15 per share, raising $210.9 million in a thin IPO market.
Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years
Bitcoin held around $64,500 as June PCE inflation came in at 3.7% year-on-year — the first monthly decline since 2020 — though analysts noted it remains nearly double the Fed's 2% target.
Amazon on deck to report earnings after the bell with cloud, capex in focus
Amazon is set to report Q2 earnings on Thursday, with investors focused on the company's $49.3B expected capex and 31% projected AWS growth as peers have seen sharply divergent stock reactions to thei
Tokenized Gold Passes DeFi Test; Under 2% as Collateral
Tokenized gold survived a DeFi stress test with liquidations peaking in late March across Morpho and Aave, but RedStone data shows less than 2% of the market is actually deployed as lending collateral
U.S. GDP Grows 1.5% in Q2; Core Inflation Holds at 3.3%
The U.S. economy expanded at a sluggish 1.5% annualized rate in the second quarter, falling short of expectations, while core inflation held at 3.3% in June.
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.
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.
KOSPI Crash Signals AI Bubble Burst, Nasdaq 100 Next
Seeking Alpha's Damir Tokic argues the KOSPI's sharp reversal following a near-parabolic rise is the leading indicator that the AI bubble is bursting, with the Nasdaq 100 set to follow given near-perf
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.
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.
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
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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