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Finance News — Page 61
Nasdaq Soars 2% as Microsoft Leads Post-Fed Rebound
Stocks bounced back from a Fed-day sell-off as the Nasdaq jumped 2%, led by chip stocks and a post-earnings rally in Microsoft.
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.
Fed Holds Rates Steady at Warsh's Second Meeting
The Federal Reserve held interest rates steady for a fifth straight meeting, resisting internal pressure to hike as Chair Kevin Warsh navigates his early tenure amid inflation that has run above the 2
China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Chinese optical transceiver maker Zhongji Innolight raised $6.8 billion in a Hong Kong IPO that priced below its top range, and its shares slipped 5% on debut despite heavy oversubscription.
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.
Qualcomm Forecast Misses as iPhone Share Drops
Qualcomm forecast weaker-than-expected quarterly profit and disclosed Apple revenue would decline faster than expected as supply constraints slashed its iPhone component share well below the prior 20%
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
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
'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.
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 Out of Trillion-Dollar Club on China Fears
Micron stock fell sharply enough to drop out of the trillion-dollar market-cap club, with China-related concerns cited as the trigger, even as Seeking Alpha upgraded its rating to Buy.
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
Investors Are Bracing for Uncertain Fed Announcement
The Federal Reserve voted 9-3 to leave interest rates at 3.5-3.75% despite growing inflation pressures, with new Chairman Kevin Warsh's refusal to specify policy tools spooking investors and pushing t
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
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