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Ford Q2 Sales Slide 10% as EVs Stall, But Hybrids Hit Record Highs
Ford’s Q2 U.S. sales fell 10% as EV demand slumped, but Bronco and Maverick hybrids set quarterly records. The stock still jumped nearly 8% on the day.
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Google Loses Final Appeal in Android Antitrust Case, Must Pay $4.7 Billion Fine
Europe’s top court has slammed the door on Google’s eight-year fight against a record $4.7 billion antitrust fine, ruling the tech giant illegally used Android’s dominance to lock in its search monopoly. The decision is final, with no further appeals.
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ExxonMobil vs. Chevron: Revenue Gap Narrows on Margins
ExxonMobil’s $83.2B quarterly revenue dwarfs Chevron’s $47.6B, but profit margins are within 2 percentage points. A deep dive into the real earnings picture for these two energy giants.
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Microsoft Plans to Cut Another 5,000 Jobs — Stock Still Rises 1.6% in Pre-Market
Microsoft is planning its third major layoff round in a year, cutting up to 5,500 roles across sales, consulting and Xbox. Yet the stock is up 1.6% in pre-market trading as investors cheer the company’s pivot to AI.
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Tesla Q2 Deliveries Beat, Rivian Raises Full-Year Guidance
Tesla delivered 480,126 vehicles in Q2, crushing estimates by ~74,000 units, but the stock slid 7.5% after hours. Rivian also topped expectations and lifted its 2026 delivery forecast, sending shares up 7% pre-market.
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Small Caps Just Had Their Best First Half in 35 Years. Here’s How the AI Wave Fueled a 21% Russell 2000 Surge
Small caps just delivered their strongest first half in 35 years, with the Russell 2000 surging over 21%. The AI trade is rotating from mega-caps into smaller names, led by semiconductors, while Nvidia’s pullback signals the rotation is accelerating.
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OpenAI Pitches 5% Stake to U.S. Government; Intel Tumbles Over 5%
OpenAI has proposed granting the U.S. government a 5% equity stake, valued at roughly $42.6 billion, in a bid to ease political pressure in Washington. Intel shares slid 5.25% in after-hours trading on the news.
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UnitedHealth Beats Q1 Estimates, But Stock Edges Down 0.28% After Hours
UnitedHealth Group topped Wall Street’s Q1 revenue and profit forecasts, but the market shrugged — shares slipped 0.28% in after-hours trading. The standout: a better-than-expected medical loss ratio of 82.4%.
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US House Probes Merck, AbbVie China Trials; Eli Lilly, Pfizer, BMS Also Questioned
The House China committee demands five pharma giants explain the ethics and security of their Chinese drug trials, including any military-linked sites or Xinjiang operations. Eli Lilly shares rose 1.40% on the news.
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SMCI Partners With StorMagic on Edge Virtualization; Stock Slides 2.4% Intraday
Super Micro Computer (SMCI) announced a partnership with StorMagic to deliver edge virtualization solutions, but the stock gave up early gains to trade down 2.42%. Barron’s recently called SMCI’s struggles a “slam dunk” opportunity for rival Dell (DELL).
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Apple Intelligence Fails to Spark Upgrade Cycle, But Five New iPhones Are on the Way
Apple’s AI features haven’t moved the needle on iPhone upgrades, but the company is plotting at least five new models—including its first foldable—to reignite demand. Shares rose 3.51% on the news.
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Disney’s $50M Streaming Settlement: How to Claim Your Share
Disney has agreed to pay $50 million to settle a class-action lawsuit over streaming pricing. Eligible YouTube TV and DirecTV Stream subscribers have until September 8, 2026, to file a claim.