Finance
University of Michigan's July Preliminary Sentiment Rises as Gas Prices Ease; Year-Ahead Inflation Expectations Stay Elevated
The Surveys of Consumers reported an early-July improvement in mood tied to a mid-June easing in fuel prices, even as consumers' expected inflation stayed well above pre-conflict levels and Iran-related oil risks returned.
Truist, Fifth Third and Travelers Report Second-Quarter 2026 Results
Two regional lenders and a large property-casualty insurer posted Friday results, giving investors a read on loan growth, credit costs and underwriting margins beyond this week's big-bank reports.
June Producer Prices Fall 0.3% and Retail Sales Rise as Investors and Fed Weigh Rate Path
Wholesale prices dropped in June on cheaper gasoline while consumer spending held up, but annual inflation stayed elevated and a new, hawkish Fed leadership left the direction of interest rates in genuine dispute.
Netflix Reports Second-Quarter 2026 Results Amid Debate Over Advertising Growth Versus Viewer Engagement
Netflix released second-quarter 2026 results on July 16 after a roughly 40% one-year stock decline, with analysts split over whether a fast-scaling ad business or a plateau in U.S. viewing is the more important trend.
UnitedHealth Beats Q2 Estimates and Raises 2026 Profit Outlook as Medical-Cost Controls Take Hold
The largest U.S. health insurer reported sharply higher operating profit and lifted full-year guidance, extending a recovery that follows a 2025 marked by falling profit, a federal probe, and cost-cutting.
Fed Chair Warsh, in First Congressional Testimony, Calls Inflation Fight Unfinished as Soft June CPI Lowers July Rate-Hike Odds
Kevin Warsh told the House Financial Services Committee the Fed has 'no tolerance' for elevated inflation and gave no signal on the July 28–29 decision, hours after a surprise 0.4% June price drop cut market-implied odds of a July hike.
Morgan Stanley and BlackRock Report Second-Quarter 2026 Earnings; BlackRock Assets Reach Record $15.3 Trillion
The two firms reported Wednesday, a day after five large U.S. banks posted record profits, extending a Wall Street earnings season powered by a trading and dealmaking boom while bond yields stay high.
ASML Reports €9.3 Billion in Q2 Sales, Raises 2026 Revenue Forecast to €43–45 Billion
The Dutch chip-equipment maker beat its own quarterly guidance and lifted full-year expectations, citing AI and memory demand, even as its China sales shrink and it stops disclosing order bookings.
China's Q2 2026 GDP Grows 4.3%, Below Its Official Target and the Slowest Quarterly Pace Since Late 2022
Weak domestic demand and a property downturn offset a sharp export rise, as officials, market analysts, and China's critics disagree over what the slowdown means.
Oil Jumps After U.S. Reinstates Iran Blockade and Trump Proposes 20% Hormuz Transit Fee
Crude prices rose sharply as the U.S. moved to blockade Iranian ships near the Strait of Hormuz and President Trump proposed charging a 20% fee on cargo crossing the waterway, a plan the UN maritime agency and shippers call unlawful.
First Hawaiian Agrees to Buy California's TriCo Bancshares in All-Stock Deal Worth About $2 Billion
The combination would create a roughly $34 billion-asset bank spanning Hawaii and the U.S. West Coast, amid a wider wave of regional-bank mergers.
Markets Swing as U.S. and Iran Trade Strikes Across the Gulf; Oil Climbs Anew, Gold Slips
Iran says it hit U.S.-linked bases in Bahrain and Kuwait after fresh American strikes on Iran; crude briefly topped $80 earlier in the week, eased, then climbed again toward $79 as the Gulf strikes landed, while gold fell for a second session and equity futures swung as investors gauged the odds of a wider war.