Finance
Apple and Amazon Report Quarterly Results Thursday, a Day After Microsoft Beat Estimates and Meta's Guidance Fell Short
Microsoft's June-quarter results and steady spending plan lifted its stock Wednesday, while Meta's lower profit and softer sales forecast sent its shares down about 11% after hours; Apple and Amazon report after Thursday's close.
Jersey Mike's and Reformation Begin Trading on the NYSE After Pricing IPOs
The sandwich franchisor priced at $23 a share for about $1 billion, and the womenswear brand priced at $15 a share for about $211 million, in the largest U.S. consumer-retail listings of 2026 so far.
Core PCE Inflation Fell to 3.3% in June, a Day After the Fed Held Rates With Three Dissents
The Bureau of Economic Analysis reported that the Fed's preferred inflation gauge eased from May, while headline prices fell 0.1% for the month on cheaper energy.
30-Year Treasury Yield Hits 5.2%, Highest Since 2007, After Fed Holds Rates in a 9-3 Vote
Long-term U.S. government borrowing costs rose to a 19-year high on July 29, 2026, after the Federal Reserve left its benchmark rate unchanged for a fifth straight meeting over three dissents.
Microsoft and Meta Report Quarterly Results Wednesday as Investors Weigh AI Spending Plans
Both companies report after Wednesday's close, with attention on Azure's growth rate and Meta's $125–145 billion capital-spending plan for 2026.
Union Pacific and Norfolk Southern File Added Customer Commitments in $85 Billion Merger Review
The two railroads met a July 27 Surface Transportation Board deadline with four new or expanded pledges to shippers, as unions, farm groups and rail customers press the agency to reject the deal.
Intel Beats Q2 Estimates and Raises Capital-Spending Plans; Shares Fall After Initial Gain
Intel reported record data-center growth and its seventh straight quarter above its own guidance, but lifted 2026 capital spending to more than $20 billion and said 2027 will be higher still, splitting investors over whether the spending is a sign of demand or of risk.
Nvidia Reported in Talks to Guarantee About $250 Billion of OpenAI Data-Center Financing; Shares and Credit Insurance Move Sharply
A Wall Street Journal report that Nvidia may backstop lease and debt payments for a 10-gigawatt OpenAI campus in Ohio built by SoftBank's SB Energy sent Nvidia stock down about 5% and pushed the cost of insuring its debt to its biggest one-day rise on record, renewing a dispute over whether AI industry deals are self-reinforcing.
Microsoft, Meta, Apple and Amazon Report Earnings July 29 and 30 as Investors Weigh AI Spending
Four of the largest U.S. companies release quarterly results this week, days after a sharp tech selloff driven by questions about whether record AI capital spending will pay off.
U.S. Spot Bitcoin ETFs Post Two Straight Days of Outflows as Newly Listed Crypto Firms Trade Below IPO Prices
Bitcoin funds shed a combined $465 million over two sessions on July 23 and 24, while Gemini Space Station and BitGo Holdings remain far below their offering prices — a slide the industry calls a normal cycle and critics call a warning.
Fed Meets July 28-29 With Rates at 3.5%-3.75% as Falling Core Inflation and Rising Oil Prices Point Opposite Ways
Most forecasters expect a fifth straight hold, but a post-CPI surge in crude oil has split the committee and the markets over whether the next move is a hike.
Judge Extends Freeze on Paramount Skydance–Warner Bros. Discovery Deal; Companies Agree to Hold Off Closing Until 2027
A federal judge in California extended a restraining order to August 17, and the companies then agreed to a standstill that vacated the August 3 injunction hearing, pushing the antitrust fight toward trial.