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TSMC Posts Record Q2 Revenue, but AI Demand Can’t Lift the Stock
TSMC’s record Q2 revenue and surging AI demand weren’t enough to revive the AI trade. The stock edged lower as investors rotated into safer names like Apple.
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Google Rallies 3.5% But Wall Street Stays Wary Ahead of Q2 Earnings
Alphabet (GOOGL) jumped 3.5% on July 15, but analysts remain cautious on valuation and earnings visibility as Q2 reporting season kicks off. The AI trade is cooling, and the bar for big tech is set high.
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JPMorgan Posts Record Q2 Revenue as CEO Dimon Calls Banking Environment ‘Close to Perfect’
JPMorgan Chase smashed Q2 estimates with record revenue of $56.23B and net income of $18.15B. CEO Jamie Dimon called the banking environment “close to as good as it gets,” while flagging geopolitical and inflation risks.
Academy
What Are the Three Major Financial Statements? Income Statement, Balance Sheet, and Cash Flow Statement Explained
Net profit on the income statement is not cash. The balance sheet shows financial position. The cash flow statement reveals real cash flows. Look at all three together to understand a company's true financial picture.
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Bank of America Q2: Record Trading Revenue, Investment Banking Surge
Bank of America smashed Q2 estimates with record trading revenue and a 20%+ jump in investment banking fees. Shares rose nearly 2% in intraday trading.
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Fed Chair Warsh’s Capitol Hill Debut: Inflation Fight Not Over, Rate Path a Mystery
Fed Chair Kevin Warsh told Congress Tuesday that June’s CPI improvement doesn’t mean “mission accomplished” on inflation, and refused to tip the Fed’s hand on rate moves. Markets slashed July hike odds to 17% as oil prices climbed on escalating Middle East tensions.
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Eli Lilly’s Retevmo Wins Full FDA Approval, Expanded to More Lung Cancer Patients
The FDA has granted full approval to Eli Lilly’s RET inhibitor Retevmo for RET fusion-positive non-small cell lung cancer, broadening the label to include first-line patients. The decision, based on Phase III data, marks a key milestone for Lilly’s oncology portfolio.
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Qualcomm Slides for Third Straight Session as Short Seller Flags ‘Hidden’ Risk
Qualcomm shares fell for a third consecutive day after a short seller warned of an undisclosed “hidden” risk. The broader chip sector also took a hit as the AI trade cooled.
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DeepSeek Eyes $1.5B Raise at $71B Valuation, IPO on the Horizon for 2027
DeepSeek is in talks to raise roughly $1.5 billion at a $71 billion valuation, just a month after its first external funding round. The Chinese AI lab is targeting an IPO as early as 2027.
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Strategy Launches Bitcoin Banking Index, Shares Jump Nearly 6% After Hours
Strategy (MSTR) launched a Bitcoin Banking Index to track publicly traded bitcoin holders, sending shares up 5.95% after hours to $97.58. The move comes just a day after the company sold 3,588 bitcoin for ~$216 million, trimming its hoard to 843,775 coins.
Academy
How to Read US Stock Earnings Reports: A Beginner's Guide to EPS, Consensus Estimates, and Guidance
Beginners, don't just look at revenue and EPS! The key is to compare against "consensus estimates" and "guidance," and understand GAAP vs Non-GAAP, to avoid stock price traps.
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DOJ Escalates Antitrust Probe Into Claritev, UnitedHealth Group Slips Nearly 1% After Hours
The DOJ’s antitrust probe into healthcare data firm Claritev has intensified, sending UnitedHealth Group — a key customer and shareholder — down nearly 1% after hours. The stock hit a fresh intraday low as regulatory scrutiny of the healthcare sector broadens.