Finance
American Airlines Cuts 2026 Profit Outlook Again as War-Linked Fuel Costs Rise; Southwest Beats Estimates but Trims Full-Year Range
American lowered its 2026 profit forecast for the second time in three months, citing jet fuel costs tied to the Iran war; Southwest beat quarterly estimates but also narrowed its full-year outlook.
Intel Reports Q2 Revenue Up 25% and Beats Profit Forecasts, but Posts $11 Billion GAAP Loss Tied to Government-Stake Charge
Intel's adjusted profit, revenue and guidance topped Wall Street estimates on data-center and AI demand, while a non-cash accounting charge linked to the U.S. government's equity stake drove a large reported loss.
AT&T Reports Higher Q2 Profit and Record Fiber Subscriber Additions
The carrier topped Wall Street earnings estimates and raised its stock buyback plan, even as its shares remain down for the year amid concern about satellite internet rivals.
IBM Trims 2026 Revenue Outlook After Q2 Miss and 42% Mainframe Sales Drop
IBM reported second-quarter revenue and profit below Wall Street estimates and lowered its full-year growth forecast, blaming delayed deals and a sharp fall in IBM Z mainframe sales.
STB Orders Union Pacific and Norfolk Southern to Make Some Merger Job Data Public
The Surface Transportation Board said the railroads must file public versions of employee-impact data they had marked confidential, as their $85 billion merger review continues.
Alphabet and Tesla Report Q2 Results as Investors Weigh Whether Heavy AI Spending Is Paying Off
Two of the market's most-watched companies deliver second-quarter numbers after Wednesday's close, with attention fixed on AI capital spending, profit margins, and stretched valuations.
Capital One Reports $3 Billion Second-Quarter Profit as Credit Losses Fall
The bank beat profit estimates as it set aside less money for bad loans, 14 months into its purchase of Discover.
GE Vernova Reports Higher Q2 Revenue and Orders, Raises 2026 Outlook; Profit Comes Below Forecasts
The power-equipment maker beat sales estimates on strong AI data-center orders and lifted its cash-flow guidance, while reported earnings per share fell short of Wall Street forecasts.
Gold and Oil Rise as Trump Threatens Iran Nuclear Site and Plays Down Near-Term Talks
Gold hit a two-week high and Brent crude extended a multi-day rally on July 22, 2026, after U.S. officials said Iran was not serious about talks and Trump threatened to strike a major nuclear site.
Federal Judge Grants 14-Day Restraining Order Pausing Paramount Skydance's Purchase of Warner Bros. Discovery
Twelve Democratic-led states won a temporary pause of the roughly $110 billion media merger on antitrust grounds, days after the U.S. Justice Department had cleared the deal; a preliminary-injunction hearing is set for August 3.