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.
Adidas shares plummeted nearly 18% in Frankfurt trading following its H1 2026 earnings release, marking its worst single-day drop since July 2014. Despite strong top-line growth, the stock suffered a sharp sell-off because results failed to meet heightened investor expectations. Driven by outfitting 14 national teams—including co-host Mexico and finalists Spain and Argentina—Adidas posted record sales for jerseys, match balls, and
Rolls-Royce and BAE Systems raised profit forecasts as rising global defense budgets and booming AI demand drive strong financial gains.
Spain's economy expanded 0.7% in Q2, beating analyst expectations as record tourism helped drive annual GDP growth to 2.7%.
Shell's net profit more than doubled to $9.84 billion, beating expectations on high oil and gas prices, strong trading, and improved chemical margins.
The Bank of England is expected to keep interest rates unchanged at 3.75% as ongoing Middle East conflicts and global market uncertainty fuel persistent inflation risks.
Q2 net profit fell 35% to €1.2 billion amid sharp sales drops in China, leading BMW to earn more from financial services than making cars.
Meta's stock dropped nearly 10% after hours due to a weak sales forecast, skyrocketing AI infrastructure costs, and rising legal risks despite record ad revenue.
Shares rose over 8% as Azure cloud revenue grew 43%, beating Wall Street estimates and reassuring investors that heavy AI spending is paying off.
General Dynamics topped Q2 earnings ($4.24/share vs. $3.97 expected) and revenue ($14.09B) on strong Aerospace jet deliveries and Marine submarine output.
LVMH reported accelerated Q2 sales growth to €19.5B, driven by strength in Asia and key brands, as H1 net profit held steady at €5.7B despite economic headwinds.
The FAA proposed mandatory inspections for passenger seats on 453 U.S.-registered Boeing 737 MAX jets to fix improper track installations that could pose safety risks.
Visa topped quarterly profit estimates with adjusted EPS of $3.32, driven by resilient consumer spending and World Cup cross-border travel demand.
P&G's Q4 net income dropped to $3.04B ($1.26 EPS) from $3.62B ($1.48 EPS) last year, though revenue rose 1.5% to $21.2B. Adjusted EPS reached $1.43.
AT&T completed its $23 billion acquisition of low- and mid-band wireless spectrum licenses from EchoStar to expand nationwide coverage across U.S. markets.
Standard Chartered raised its full-year income target after strong wealth and global banking revenue drove H1 profit up 9% to $4.78B, boosting shares.
Telefónica reported a Q2 net profit of €73M (rebounding from a €51M loss year-over-year) as revenue rose 3% to €8.265B, despite absorbing a €265M restructuring charge in Germany.
Apple briefly hit a $5T value by avoiding costly AI spending and launching new device leasing in the U.S. to boost demand.
Boeing posted a Q2 net loss of $428M ($0.76/share) due to a $280M Air Force One charge. However, free cash flow hit +$631M as 737 MAX production ramps
Philips CEO Roy Jakobs stated that delayed order timing in the U.S. and structural headwinds in China weighed on second-quarter order intake, even as the healthcare tech company raised its full-year profit margin guidance.