Meta executives apologized to India's IT ministry for restricting PM Modi's post due to an operational error amid recent tensions.
Commerzbank posts a 94% Q2 net profit jump to €898M, beating expectations, amid a looming UniCredit takeover battle.
Iran and Oman progress on a Hormuz deal that could give Tehran inbound traffic control, though key details remain unresolved.
EIP-8361 proposes cutting Ethereum staking rewards from 2.6% to 1.2%, threatening to make leveraged DeFi yield loops on Aave unprofitable.
CVS blew past Q2 estimates with $106.1B revenue and raised full-year guidance, driven by Aetna's recovery, though shares fell over 8% premarket.
Michael Burry warned of a potential 1987-style crash, maintaining short positions on AI tech stocks like Nvidia despite the S&P 500 hitting record highs.
AMD's Q2 revenue jumped 50% to $11.54B, beating expectations as Data Center sales doubled. However, the stock slumped over 10% on high market expectations.
McDonald's posted Q2 adj. EPS of $3.38 (beating estimates) on $7.1B revenue. It named a new U.S. president to address lagging domestic traffic.
Snap reported Q2 revenue of $1.60B (+19%), topping estimates on World Cup ad spend and AI targeting tools, driving shares up 13%
Pfizer posts Q2 revenue of $15B and adj. EPS of $0.77, beating estimates. Strong non-COVID sales prompted a raised 2026 outlook.
Caterpillar reports record Q2 sales of $20.5B (up 24%) and EPS of $8.17. Strong orders drove this growth.
BP's Q2 net profit more than doubled to $5.73B, beating expectations and driving a 4% dividend hike as it plans to sell its Archaea unit.
As a UK standstill expires, Rio Tinto has no plans to restart $200B merger talks with Glencore, prioritizing cost cuts over a deal.
Palantir posted $1.9B in Q2 revenue (+93%) and $1.1B profit, as CEO Alex Karp warned that competing AI labs aim to capture enterprise IP.
Toyota raised its annual profit forecast by 13% to $21.6B due to a weak yen, despite a 9% Q1 profit drop and slumping sales in China.
U.S. President Donald Trump and Japanese Finance Minister Satsuki Katayama confirmed that the United States Treasury partnered with Japan in a rare joint currency intervention to curb extreme volatility and support the weakening yen. Trump framed the move as a signal of friendship that serves global financial stability.
Oil prices fell sharply, dropping over 5% as Brent crude dipped to $83.28 and WTI to $79.47 after U.S. President Donald Trump canceled a planned military strike on Iran. The administration cited agreement on the basic parameters of a deal aimed at preventing nuclear escalation and fully reopening the Strait of Hormuz, providing immediate relief to markets after geopolitical tensions
HSBC is shutting down its Australian retail banking operations and closing all 19 branches over the next 18 months, following the sale of its $36 billion mortgage and personal loan portfolio to Blackstone. The non-bank lender Pepper Money will manage the acquired loan book, while HSBC shifts its local strategy entirely toward corporate, private, and institutional banking. The exit marks the
Lloyds Banking Group and CaixaBank have successfully executed live cross-border tokenized deposit transactions through Project Agorá, a public-private initiative backed by the Bank for International Settlements. The tests demonstrated atomic, simultaneous cross-currency payments and settlements—converting Swiss francs into sterling and euro-denominated transfers—averaging processing times of under one minute and twenty seconds. The pilot highlights how commercial bank money tokenization can drastically
Elon Musk has dismissed Wall Street Journal reports claiming Tesla is preparing to spin off or sell its China business ahead of a potential merger with SpaceX, calling the claims "absurdly fake news". Shanghai Gigafactory which produces over 950,000 vehicles annually would ease geopolitical and national security hurdles for a SpaceX combination. However, Musk's flat denial shuts down rumors of an
Amazon has increased its full-year 2026 capital expenditure target to $220 billion, up from its previous estimate of $200 billion. CEO Andy Jassy highlighted rising memory costs and an escalating demand for artificial intelligence infrastructure and data center expansion as the primary drivers behind the spending hike. The elevated capital plan comes alongside strong second-quarter financial results. Total revenue hit $200.61
GSK is investing £400 million in a new Cambridge R&D center while cutting jobs to hit a £1.9 billion cost-saving target by 2029.
Apple shares dropped over 5% after the tech giant warned of severe memory chip shortages and issued lower-than-expected revenue forecasts.
BAE Systems secured a £5.9 billion UK government contract to build the next generation of Dreadnought-class nuclear-armed submarines.