News
Goldman Sachs smashed Q2 expectations with EPS of $20.98, far above the $14.48 consensus, as investment banking fees surged 55%. Shares rocketed 7.7% in intraday trading.
News
U.S. primary dealers have flipped to a net short position on corporate bonds for the first time on record, a roughly $4 billion bet that has the market buzzing. Is it a recession call, a structural shift, or something else entirely?
News
A surprise cooling in June CPI initially lifted the S&P 500 and Nasdaq, but tech stocks quickly reversed. Microsoft (MSFT) fell 1.65% intraday, while IBM’s 22% plunge on a profit warning added to sector jitters.
News
OPEC and the IEA both see demand softening, but escalating U.S.-Iran clashes in the Strait of Hormuz sent crude prices surging to a one-month high. ExxonMobil closed up 4.05%.
News
Gold edged up to $4,013.93 in Asian trade Tuesday, clawing back from a two-week low as investors brace for US CPI data and Fed Chair Kevin Warsh’s debut on Capitol Hill. The rebound follows a sharp selloff Monday triggered by a Middle East oil shock that fanned rate-hike fears.
News
Gold edged higher in Asia on Tuesday, recovering from a two-week low as traders braced for a packed week of US data and Fed Chair Kevin Warsh’s first congressional testimony. Rising Middle East tensions and a firmer rate-hike outlook kept a lid on gains.
News
An Australian government audit found tech vendors showered officials with gifts around a Salesforce CRM contract award, but Salesforce itself reported zero gifts. The stock still rose nearly 5%.
News
Apple (AAPL) filed a federal lawsuit on July 10 accusing OpenAI of systematically stealing trade secrets to build rival consumer hardware. The complaint details a former engineer who accessed internal systems after leaving and messaged “LOL, I found I can access [network storage].”
News
California and 11 other states sued Monday to block Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery, alleging the deal violates antitrust law. Oracle (ORCL) shares slid 6.5% in after-hours trading on the news.
News
Intel announced a $5.7 billion investment to expand its Irish manufacturing hub, but the stock dropped 6% in after-hours trading. The market’s skepticism comes despite White House efforts to rally Apple, Nvidia, and SpaceX behind the chipmaker.
News
Micron Technology slumped 4.3% in extended trading, dragging the semiconductor sector lower as investors question whether the AI spending boom can justify current valuations. All eyes are on this week’s bank earnings and CPI data for the next market catalyst.
News
Iran launched missiles at US bases in Jordan and Bahrain over the weekend and claimed to have closed the Strait of Hormuz. Yet defense stocks like Boeing fell 3% after hours, as depleted munitions stockpiles and a lack of congressional funding overshadow the geopolitical flashpoint.